10 Austin tech startup funding milestones in September

by Amy Reagan
October 2, 2014


Image: Shutterstock

September was a big month for tech startup funding in Austin, with rounds raised for everything from anti-piracy solutions to a luxury car rental service.

The largest amount raised was $100 million by Magnitude Software Corp., which makes enterprise management information software. The smallest? Still a not-too-shabby $135,000 by Gritness Inc, a fitness software developer.  

Here, we race through a rundown of the funding milestones, from most to least recent.

Week 4

In the last week of September, mobile application developer Numerous Inc. completed a $700,000 seed round funded by Bullet Time Ventures, FG Angels, Galvanize Ventures, SK Ventures and angel investors. Founded in 2013, Numerous is developing an app for tracking personal data with a dashboard that displays what it calls “life’s most important numbers:” stocks, weather, personal fitness data and more.

Also last week, software developer StackEngine Inc. received $1 million in seed financing from Silverton Partners and LiveOak Venture Partners. Just now out of stealth mode, the company is developing virtualized application management software for use with a containerization tool; its audience is enterprise software companies developing their own apps.

Rounding out the final week was Krimmeni Technologies Inc., which raised $12.1 million of a planned $12.5 million round from 12 investors. The anti-piracy specialization company offers “security building blocks that are scalable, renewable over the air, zero-knowledge by design and with keys that are architecturally invisible both in the cloud and in end devices.”

Week 3

Silvercar Inc, planning to raise $14.1 million, instead raised $8.8 million from 13 investors. The company offers a sleek fleet of Audi A4s for rent and streamlines the typically groan-inducing car rental process through its booking technology. Based in Austin, the brand operates in Austin, Dallas/Ft. Worth, Denver, Los Angeles, Miami, Phoenix and San Francisco.

The same week, Magnitude Software Corp raked in a whopping $100 million for its family of enterprise management information software. It boasts 200,000 users at 600 customers in over 100 countries. September was a banner month for the company: in addition to its finance round, Database Trends and Applications named it a Top 100 Company in Data.

Week 2

Reportedly out of a planned $600,000 funding round, game developer Bright Locker Inc. received $200,000. Since it’s in stealth mode, not much is known about what’s up its sleeve.

Week 1

Gritness Inc., a group fitness scheduling software developer, raised $135,000 in seed funding. So far, it’s received early praise from the likes of Gizmodo, Cool Material and UrbanDaddy and has accumulated more than 119,000 total activity listings.

That same week, RFMicron raised $2.1 million, reportedly out of a planned $2.5 million, from six investors for its low-cost, wireless, microcontroller-free, battery-free IC sensors. Incorporating RF energy harvesting and sensing circuits that detect and respond to a variety of environmental stimuli, the sensors are applicable to the automotive, construction, energy, and healthcare industries.

NeighborFavor, the company behind the much-buzzed-about delivery service Favor, raised $2 million, or as The Wall Street Journal put it, was “Seeded to Become Go-To Delivery Service in College Towns.” It faces competition from the likes of Seamless, GrubHub and EatOutIn, but positive press coverage is strong for Favor in particular.

Also during the week of September 8, Real Savvy Inc. raised $223,000 from nine investors. Its full site hasn’t launched yet, but it promises a “more intuitive and, frankly, fun way to search, share and organize your hunt for a new home” and will likely occupy a similar space to Zillow, Trulia and Redfin.

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