Tech Roundup: Next Coast Ventures raises $85M, leadership announcements and more

by Kelly O'Halloran
March 2, 2017

Next Coast Ventures announces $85M venture fund

Austin-based venture capital firm Next Coast Ventures announced today the closing of more than an $85 million venture fund. The firm will direct its capital toward investing in Austin software-powered, full-stack business models designed for digital natives, companies in education, retail, B2B and B2C sectors. [Press Release]


Tenfold gains $15.8M investor backing

The Austin startup Tenfold added another $15.8 million in funding from 10 investors, following nearly $2 million they raised in December. Tenfold develops CRM phone software that provides sales teams with click-to-dial calling abilities, in-call note recording, call disposition scheduling, notes, reminders and more. The company did not comment on this round. [formDs]


Silverton Partners plans to raise $100M to pump into Austin tech 

According to a SEC filing this week, local venture capital firm Silverton Partners is planning for a $100 million venture capital fund. If all goes well, this will be the largest investment round for the VC firm. [Austin Business Journal]


Patrick Lashinsky joins RealMassive as CEO

Patrick Lashinsky, the man who created Go-Gurt at General Mills during the 1990s, is the new CEO at real estate startup RealMassive. The company's former CEO and co-founder, Craig Hancock, is leaving to plan out his next entrepreneurial venture. Lashinsky has served as CEO at Curb (a company that developed a taxi cab app that sold to Verifone in 2015), CEO and president at ZipRealty, and as an interim CEO, COO and consultant for numerous startups. [Austin Business Journal]


BuildASign's president promoted to CEO

On Monday, BuildASign announced that the company's president and CMO, Bryan Kranik, will take on the CEO position. Dan Graham, BuildASign's former CEO and co-founder, will take a position on the Board of Directors and will assume the role as executive chairman. Since launching in 2005, the online custom printing sign provider has grown to over 350 employees. [Press Release]


Dropoff expands to Denver and Phoenix

Dropoff, a startup providing on-demand, same-day delivery for businesses, announced on Monday the expansion of its services to Denver and Phoenix. This news follows their 2016 growth strategy which included additional markets in Florida, Texas and California. Their clients include Whole Foods, Zazzle, Neiman Marcus, AirB&B and JW Marriot. [Press Release]


Lifesize names new CTO

Lifesize, a developer of video conferencing software, shared on Wednesday that the company named Bobby Beckman as their new CTO.  Beckman, who joined Lifesize in 2015, previously served as the company's VP of service software. He was also CTO and VP of engineering at Bloomfire. [Texas TechPulse]


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