Austin tech roundup: Pivot Freight raises $2.8M, Parking Panda launches & more

by Tessa McLean
January 7, 2015


Techstars grad Pivot Freight celebrates the new year with $2.8M in financing

Recent Techstar graduate Pivot Freight is celebrating $2.8 million in new financing led by Austin-­based Silverton Partners, with participation from Techstars Bullet Time Ventures, Capital Factory, Hurt Family Investments and several Angels. The company also announced that BlackLocus President and Techstars mentor Rob Taylor will be joining the company as CEO. The company plans to use the new financing to expand the team with hires in engineering and sales and also improve the product. [Techstars grad Pivot Freight celebrates the new year with $2.8M in financing: Built In Austin]

Austin's Appconomy raises additional $9M funding 

Software maker Appconomy has banked another $9 million in financing to continue targeting the Chinese market. The funding came from 33 investors. This is their third round of financing for the company, which was launched in 2010. [Software maker Appconomy completes $9M funding; China the target: Austin Business Journal]
Austin-based Hypori raises $7.1M to enhance software
Austin-based software maker Hypori reported a new $7.1 million round of financing from 23 investors this week. The company was founded in 2011 as DroidCloud, introducing a virtual mobile infrastructure platform in 2014 connecting Android and Apple devices. [Hypori raises $7.1M to go after mobile users in the corporate world: Austin Business Journal]

Gamifying sales works? Fantasy Sales Team has a $1.5M investment to try

Austin-based ATX Seed Ventures and the Central Texas Angel Network investors have backed Fantasy Sales Team with a $1.5 million Series A round investment. The first $750,000 of that investment came in April 2014 and investors just doubled down with $750,000 more. To make selling more competitive, engaging and fun, the company has built an online platform that organizes sales contests around the rules of popular sports like baseball, basketball and football. Using the FST platform sales representatives compete against each other, and on teams together, trying to score points by making additional sales calls, closing additional sales and adding new customers. [This startup is turning sales into a fantasy sports league: Built In Austin]

RetailMeNot teams with OnStar

Austin-based RetailMeNot teamed with automobile communications provider OnStar this week, helping boost OnStar into the mobile commerce market. OnStar's OnStar AtYourService platform will provide users with local RetailMeNot coupons and deals. Financial terms were not announced. [RetailMeNot Links With OnStar: Texas Tech Pulse]

New parking app launches in Austin 

Baltimore-based Parking Panda, a free app that helps drivers reserve and pay for parking, has launched in Austin. Drivers can search and compare available parking options in an area and receive confirmation via email. The startup launched in San Antonio last year. [Parking Panda Launches in Austin: Silicon Hills]

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