Austin startups have collectively raised close to $60 million in just seven days thanks to five tech companies. Here are the latest funding rounds.
Liveoak Technologies, $2.5M, Sept. 13
Investors: Broadhaven Capital Partners and Wild Basin Investments
Bio: Launched in 2015, Liveoak Technologies supports the financial services industry through its digital customer onboarding tools that include live conferencing, remote onboarding, secured signing and I.D. verification checks.
News: Along with the funding, Liveoak announced key strategic partnerships with industry giants Manulife Financial, Northwestern Mutual Future Ventures and Prudential's Gibraltar Ventures.
Buzz Points, $3.7M, Sept. 14
Investors: 8 undisclosed investors
Bio: Buzz Points develops customer engagement and rewards systems for community financial institutions that help them compete with the major national brands.
News: The fintech startup did not issue a statement regarding this round, however, it comes only a month after Buzz Points raised $2.9 million in August.
AllClear ID, $6.5M, Sept. 19
Investors: 4 undisclosed investors
Bio: Launched from Austin in 2004, AllClear ID provides identity theft solutions to help prevent attacks as well as repair those that have occurred.
News: The company did not issue a statement about the funding. The last time AllClear made major headlines was last summer when it acquired Norway-based Encap Security to strengthen its European presence.
The Zebra, $40M, Sept. 19
Investors: Accel Partners, Silverton Partners, Floodgate, Ballast Point Ventures, Mark Cuban, Daher Capital and Birchmere Labs
Bio: The Zebra’s real-time auto insurance marketplace compares over 1,800 car insurance products spanning 200 companies to help drivers secure the best coverage.
News: In side-step with the funding announcement, The Zebra announced Keith Melnick as its new CEO. Melnick previously served as president at KAYAK. The company plans on using the Series B toward product, adding new insurance options and hiring.
TrustRadius, $5.5M, Sept. 20
Investors: LiveOak Venture Partners and Mayfield
Bio: Co-founded by serial entrepreneur Vinay Bhagat in 2012, TrustRadius’s free site collects B2B software reviews to share with users around the world. Its vendor platform also takes verified reviews and infiltrates them directly into client go-to-market channels.
News: Bhagat said they plan to triple employee headcount with the funding and use it toward strengthening its vendor platform.
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