The past month's investments favored companies making life easier for business owners, whether by reducing paperwork, analyzing risk or managing your short-term rental property. Scroll on to see the top five.
5. LiveOak Technologies, Inc., $1.6M, March 17
Investors: 15 unidentified investors, according to an SEC filing
Bio: LiveOak is also in the business of reducing paperwork, with an focus on the financial services world. The company launched in 2015. Co-founder Pete Rung was previously a product manager for HomeAway and SpareFoot.
News: The company is pilot testing its product, which allows users to open bank accounts with cumbersome paperwork, with Barclays Bank.
4. Drillinginfo, $9.6M, March 18
Investors: Nine unidentified investors
Bio: Drillinginfo provides the up-to-date mineral rights and regulatory data through a search application designed for the oil and gas industry.
News: Earlier in the month, the company appointed Jeff Hughes as its new president and COO.
3. TurnKey Vacation Rentals, $10M, March 10
Investors: Silverton Partners and Altos Ventures
Bio: TurnKey’s customers are property owners who rent their homes to travelers on a short-term basis. The company handles online advertising, bookings, live guest assistance, check-in and even cleaning and maintenance.
News: The company is betting big on the short-term rental opportunity in Austin despite the city’s recent regulations limiting the use of STR properties.
2. Pivot3, $19M, March 8
Investors: 13 unnamed investors
Bio: Pivot3 develops virtual storage for large enterprises and competes on the promise that its proprietary vSTAC OS dramatically reduces scale-out costs.
News: The company announced a partnership on March 29 with UltraLevel to market Pivot3’s hyperconverged infrastructure (HCI) solutions.
1. Open Lending, $40M, March 22
Investors: Bregal Sagemount
Bio: Open Lending’s software analyzes the risk associated with car loans through modeling and automated decision technology. The company’s customers are auto lenders throughout the U.S.
News: The company will use the capital to expand their operations, specifically by hiring account managers offices along the west coat and expanding their marketing operations in their Austin headquarters/
Have a tip for us or know of a company that deserves coverage? Email us via [email protected].
