Austin startups raised over $40M in October. Here are the top 5

It was a relatively quiet month for Austin startups on the funding front. Here are the top 5.

 

Investors: Capital Factory, Floodgate Ventures, NextGen Angels, Silverton Partners

 

Bio: Aceable develops educational mobile applications for training programs like Drivers Ed. The company’s program is certified in Texas and California as an alternative to classroom hours for driving certification.

 

News: The company plans to use the funding to expand its offerings to new markets like California, where its drivers ed course was just approved for teens.

 

Investors: LiveOak Venture Partners, Milestone Venture Partners 

 

Bio: RxWiki is a media company that serves independent pharmacists by publishing the largest digital medication encyclopedia, deploying eHealth applications and powering digital Medication Therapy Management (dMTM) services. The company was founded in 2011, has 44 employees and serves roughly 8,600 pharmacists.

 

News: CEO Donald Hackett said the Austin-based software maker will use the funds for further developing its software for independent pharmacies and expanding its workforce.

 

Investors: Austin Ventures

 

Bio: Edgecase (formerly Compare Metrics) is the platform behind today’s most inspiring shopping experiences. Using a proprietary combination of machine learning and human content curation, Edgecase's Adaptive Experience platform allows shoppers to communicate their unique preferences, context and shopping style to discover products and make confident buying decisions.

 

News: Edgecase CEO Susanne Bowen said in a statement that the company plans to expand its workforce by 50 percent in the coming year, especially in sales and marketing, to support its growth. Edgecase will also use the capital to further develop the product data enrichment IP that powers its Product Curation Engine.

 

Investors: Noro-Moseley Partners, Battery Ventures, Silverton Partners, and Mercury Fund

 

Bio: TrendKite helps PR professionals and agencies build a timely, highly accurate picture of their brands' media coverage with ease.

 

News: The funds will be used to scale and support the soaring demand of a rapidly growing customer base, further accelerate the IP roadmap and to double their current team of 70 employees within the next six months. To date TrendKite has raised $20.6 million.

 

Investors: Iowa Student Loan

 

Bio: Skills Fund partners with technical education programs like coding bootcamps to improve student outcomes by pooling the risk of student loans. In other words, Skills Fund wants to protect students from going deep into debt attending education programs that don’t produce careers.

 

News: Skills Fund will use the $11.5 million investment from Iowa Student Loan as capital to issue loans to students in partner programs at Dev Bootcamp, Metis, Hackbright Academy, CodeU, Sabio and Galvanize. Read the full story here.