Austin tech companies raised over $58M in October. Check out the top 5 rounds

November 1, 2016

The Austin tech community pulled in $58 million in venture capital this month — $24 million more than in September of this year. Led by the online art dealer Twyla, here are the top five tech funding rounds.

 

5. Localeur, $4.19M, Oct. 26

Investors: 43 investors 
 
Bio: Named SXSW's 2013 Best New App, Localeur provides a platform for reviews curated by those who live locally for restaurants, entertainment, fitness facilities and more. 
 
News: The company plans to use the capital to grow the product team and is currently hiring. 
 
 

4. OnceThere, $4.4M, Oct. 17

Investors: Undisclosed
 
Bio: OnceThere suggests travel excursions, tours and activities linked to upcoming travel plans. It offers real-time capabilities and a payment platform to book everything in one place, online.
 
News: The company launched in May this year by CEO John Weimer, CTO Declan Dunleavy and COO John Spencer.  The team is currently hiring, although it is unclear for what roles.
 
 

3. Chiron Health, $4.7M, Oct. 3

Investors: 37 investors
 
Bio: Founded in 2013, Chiron Health's telemedicine platform securely connects doctors with their patients via video conferencing while getting reimbursed for the virtual visit. 
 
News: The company is currently hiring for sales and engineer roles. 
 
 
 

2. Hangar, $6.5M, Oct. 26

Investors: Lux Capital, Fontinalis Partners and Haystack Partners
 
Bio: Hangar combines data analytics with drones to provide machine learning technologies and insights from the air for businesses. The founders include drone-master Colin Guinn and Jeffrey DeCoux, who previously founded SMART technologies.
 
News: Now that drones have entered the consumer market, the Hangar team plans to launch drones in the commercial space to leverage large and unique data sets. The team is hiring in Austin for developers and in marketing.
 
 

1. Twyla, $19M, Oct. 13

Investors: Google Ventures, Redpoint Ventures and Institutional Venture Partners.
 
Bio: Twyla offers art buyers an online marketplace to buy limited edition prints in customized frames from international artists previously featured in galleries like the Whitney Museum of American Art, The Guggenheim, LACMA, MoMA, etc. 
 
News: Brian Sharples co-founded the company with Matt Randall, the co-founder and CEO of the POP Austin International Art Show, in 2014. 
 
 

Images provided by Facebook, Shutterstock and company websites. 

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