Austin startups raised over $85M in funding this month. Here are the top 5

by Colin Morris
September 30, 2015
September started as a cooler month for fundings until investment filings spiked over the past week. Read on for the top five highest startup fundings in Austin this month.

5. InforcePRO, $4M, September 30

Investor: LiveOak Venture Partners
Bio: InforcePRO develops software for the life insurance industry. The company's insurance policy monitoring software helps insurance carriers and distributors better monitor the policies they have issued to policyholders.
News: InforcePRO said it plans to use the capital to expand its sales and marketing.

4. XOR Exchange, $4.2M, September 9

Investor: Fenway Summer Ventures, Chicago Ventures, KGC Capital
Bio: XOR Exchange builds data exchanges that can be used by any industry to share any data for any purpose allowed by the data owner.
News: The company has focused on the financial services and communications
industries so far, but plans to use the extra capital to expand to other sectors.

3. RunTitle, $7M, September 22

Investor: Founders Fund
Bio: RunTitle is the first and largest online marketplace for mineral title information.

2. Mangstor, $10.2M, September 17

Investors: New Science Ventures, EXA Ventures
Bio: Mangstor supplies solid state storage devices based on enterprise flash technology.
News: The company will use the investment to further develop its low-latency, enterprise-scale flash data storage solutions.

1. Civitas Learning, $60M, September 29

Investors: Warburg Pincus, Emergence Capital Partners, Austin Ventures, Rethink Education, SJF Ventures and Gera Venture Capital.
Bio: Civitas develops data analytics software on its proprietary SaaS platform for schools to track academic and financial performance.
News: In an SEC filing, Civitas Learning only reported selling $34.5 million in equity, but a company spokesman said the funding round is ongoing and investors have committed to the full $60 million. The investment will help Civitas expand into new markets through mergers and acquisitions and further develop their predictive data analytics software, which allows educators to help struggling students with early intervention. Read more.
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