Austin startups are developing new technology in order to help people and the communities they live in. Several of these tech companies pulled in sizable funding rounds in order to fuel their technology-based initiatives. Read more to learn who raised the largest tech funding rounds last month, and how those companies are planning to spend their cash.
#5. $25 million, June 4
This fintech company has built a financial services platform that allows users to securely buy and store bitcoin. It also offers loans that use the cryptocurrency as collateral. Unchained Capital closed on a $25 million Series A round led by investor and partner NYDIG. While the $25 million raise will be invested in company growth, NYDIG also made a $100 million lending commitment to Unchained that’ll help finance the company’s loans.
#4. $27 million, June 2
Findhelp operates social care network findhelp.org in order to refer verified providers to those seeking out social services across the country. Findhelp closed on a $27 million funding round with big investment plans. It’s enhancing its free and paid products with more features and functionalities, expanding the rollout of its Marketplace product as well as hiring additional talent to its engineering team. Warburg Pincus led the funding round.
#3. $35 million, June 8
The startup works to help companies across industries collect their supply chain-related data in a central location, as well as fix issues related to their shipments. After its latest investment, a Series B led by Macquarie Capital, Overhaul is furthering its growth and funding the launch of its TruckShield app. It’s also currently hiring for dozens of roles across product, technology and growth.
#2. $110 million, June 8
Cyberthreats have become increasingly more common as of late, so companies like Brinqa are building technology to keep information secure online. The cybersecurity startup raised a Series A round from Insight Partners to grow its international presence in Europe, Japan and Australia. Brinqa also plans to add new talent to its team with several Austin-based positions currently available.
#1. $120 million, June 24
Outdoorsy pulled in its latest injection of capital for its platform that offers nature lovers RV rentals and an outdoor travel marketplace. The $120 million round consisted of a $90 million Series C equity raise from a handful of investors, and a $30 million debt facility from Pacific Western Bank. The cash will help the company fund its insurtech business, support customer growth and fuel its partnership with Collective Retreats.
