Austin's 15 biggest fundings in the last 5 years

Written by Tessa McLean
Published on Jun. 25, 2015
Austin's 15 biggest fundings in the last 5 years

Austin's digital tech scene is not just rebounding in correlation with a strengthening economy, it's thriving, evidenced by the $993 million local digital tech startups raised in 2014. We wanted to go back a little earlier in time and see which companies have really left a mark in recent funding history. See below for our list of the 15 largest fundings from Jan. 1, 2010 through June 24, 2015. The list is based on our records and includes only digital tech companies located in the Austin area.

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15. Bigcommerce, $40M, July 25, 2013

Investors: Revolution LLC

Bio: Bigcommerce provides ecommerce software solutions and shopping cart software for online businesses.

News: In June, Bigcommerce announced that Brent Bellm, a former CEO of Paypal Europe and former president and COO of HomeAway will take over as CEO.

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15. Kinnser Software, $40M, March 26, 2012

Investors: Insight Venture Partners

Bio: Kinnser Software develops and distributes web-based software and support solutions for the home health industry. 

News: Kinnser Software reported 3 million verified patient visits using Kinnser VisitVerify®, the company's electronic visit verification (EVV) solution, in March.

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13. Pivot3, $45M, Feb. 24, 2015

Investors: Wilson Sonsini Goodrich & Rosati, Mesirow Financial, InterWest Partners, S3 Ventures, Argonaut Private Equity

Bio: Pivot3 develops software that increase scale-out performance to simplify and unify virtual servers, shared storage and networks.

News: The Series G round raised in February was for accelerating growth. They are hiring roles in sales and marketing, expanding its channel partner strategy, and improving the company's technical competitive advantage. 

 

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12. DaVincian Healthcare, $50M, June 25, 2014

Bio: DaVincian Healthcare, Inc., a mobile cloud analytics company, provides technology solutions to the healthcare market.

12. Bigcommerce, $50M, Nov 19, 2014

Investors: Revolution LLC, General Catalyst Partners, American Express, Telstra Ventures, SoftBank Capital

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9. Volusion, $55M, Jan. 29, 2015

Investors: Main Street Capital 

Bio: Volusion provides e-commerce software, web design, and inbound marketing services to online businesses.

News: Financing on this most recent round will be used to hire up to 150 more workers.

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8. Spiceworks, $57M, Feb 4, 2014

Investors: Tenaya Capital, Institutional Venture Partners (IVP), Adams Street Partners, Shasta Ventures, Goldman Sachs

Bio: Spiceworks is the professional network for the IT industry. 

News: Amir Movafaghi, a former Twitter executive, recently took on the CFO position at Spiceworks.

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7. RetailMeNot, $90M, Dec 2, 2010

Investors: JPMorgan, Institutional Venture Partners (IVP)

Bio: RetailMeNot, a marketplace for online coupons and deals, operates a portfolio of coupon and deal websites. 

6. Magnitude Software, $100M, Sep 24, 2014

Investors: Audax Group

Bio: Magnitude Software’s brands are leaders in enterprise information management with award-winning solutions in business intelligence.

News: Magnitude Software boasts over 200,000 users at 600 customers in over 100 countries. 

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5. Mozido, $103.5M, May 30, 2014

Bio: Mozido provides a platform of cloud-based, white-label, mobile payment, shopping and marketing solutions with real-time customer analytics. 

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4. Bazaarvoice, $103.5M, May 30, 2014
 
Bio: Bazaarvoice helps brands capture, analyze and act upon social data, and enables authentic customer-powered marketing. 
 
News: Bazaarvoice reported revenue of $46.0 million for the first quarter of 2014, up 14% from the first quarter of 2013, and consisted of SaaS revenue of $44.3 million and net media revenue of $1.7 million.
 
3. RetailMeNot, $150M, Nov. 10, 2011
 
Investors: Adams Street Partners, Norwest Venture Partners - NVP, Austin Ventures
 
 
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2. Drilling Info, $165M, March 5, 2012
 
Investors: Lead Edge Capital, Insight Venture Partners, Battery Ventures
 
Bio: Drilling Info accelerates workflows and business critical decision processes in oil and gas industry.
 
1. Mozido, $185M, Oct 22, 2014
 
Investors: Tiger Management Corporation, H.R.H. Sheikh Nahyan, Wellington Management, MasterCard
 
 
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