These 5 Austin Tech Companies Raised a Combined $895M in April
Austin tech companies have been busy raising capital, but these startups raised the five largest rounds in April. Last month, these companies raised a combined $895 million — significantly more than the $470 million gained in March. Read on to see which companies pulled in the most and what they plan to do with the fresh funds.
#5. $41 Million, April 26
QuotaPath is a software for sales teams that allows users to automatically track their commission. The company’s latest $41 million funding round brings its total funding raised to $67.3 million and comes just nine months after its Series A.
#4. $47 million, April 12
Trace films youth sports players’ games through an AI-based platform that records, edits and delivers the videos to players. This allows them to rewatch the videos for practice and learn from their mistakes. The Series C round led by Pelion Venture Partners will be used to expand the platform into other sports beyond soccer, baseball and softball. Trace also plans to add to its internal team.
#3. $50 million, April 5
Data.world raised a Series C round that will go toward product innovation, expanding globally and scaling its team. Data.world helps companies analyze and have access to data through its enterprise data catalog. The Series C was led by Goldman Sachs’ growth equity business.
#2. $82 million, April 7
Austin-based SamCart caters to content creators helping them increase revenue and build out their brand. The recent $82 million Series B round brought its total funding raised up to $95 million. The fresh funding will go toward expanding its platform and adding to its team. SamCart plans to nearly double its 100-person team this year.
#1. $675 million, April 20
The Boring Company raised a Series C round from Vy Capital and Sequoia Capital, with participation from other investors. The Boring Company was founded by Elon Musk to change the public transportation system, looking to build underground transit.
