LeanDNA raises $4.5M
This week, LeanDNA announced the closure of a $4.5 million Series A led by Austin-based Next Coast Ventures. Developers of an AI-powered software platform for the manufacturing industry, the company will use the funds to accelerate its market growth through sales and marketing initiatives while expanding product development and improving on its customer experience program. [Built In Austin]
Newgistics hires new CMO
E-commerce services company Newgistics announced they had hired Stuart Spiegel as the company’s new CMO. Spiegel comes to the company from his own consulting firm, Spiegel Partners LLC, and before that led marketing operations at companies like Converse, QVC and ghd. [Texas TechPulse]
Factom raises another $3.8M
Secure records startup Factom raised $3.8 million this week. The funding signals the closure of their Series A from October. The round was led by Draper Associates and includes new participation from Peeli Ventures, Harvest Equity, and other Austin investors. With this new infusion of capital, Factom’s total Series A came out at $8 million. [Xconomy]
Banker’s Toolbox names new CFO
Anti-money laundering startup Banker’s Toolbox appointed Ashley Womack as their CFO this week. Womack brings 15 years of consulting experience to the company and was most recently senior director in the Private Equity Performance Improvement group at Alvarez & Marsal. [Press release]
CM First raises $1.2M
CM First Group raised $1.2 million in equity funding this week. The company, which provides modernization solutions for the enterprise, will use the funding to accelerate growth of its services. The round was led by Central Texas Angel Network and Lone Rock Technology Group with participation from Capital Factory. [Press release]
Potential expansion for ATX Factory
The Austin Business Journal profiled ATX Factory in a new piece this week. The coworking space, which was started by REthink CRM founder Vijay Mehra, may soon get a second location either in North Austin or the suburbs. For now, the nap pods and on-tap kombucha in the East Austin location continue to draw new members. [Austin Business Journal]
Photos via social media and Shutterstock.
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