In less than seven days, seven Austin startups closed funding rounds. Collectively, the companies raised nearly $20 million, with an average deal size worth $2.8 million. Take a look to see who scored big:
1. Dosh, $4.9M, Dec. 7
Investors: Goodwater Capital, Extol Capital and Next Coast Ventures
Bio: Dosh’s mobile wallet app earns savings when users make purchases in retail, travel and more. Users link their credit card info and leave it to the app to do the rest.
In the news: This investment round marks Dosh’s third for the year, having now raised $18 million. The startup has tripled its employee base to 68 since the last funding in June and increased its user base to 400,000. This funding will be used to continue adding headcount in engineering, data science, marketing, sales and merchant success.
2. Overhaul, $4.5M, Dec. 7
Investor: Abbey International Finance Ltd.
Bio: Founded in 2016, Overhaul develops security and supply chain management solutions for the trucking industry.
In the news: This seed funding will be used to speed up system integrations. Barry Conlon, Overhaul CEO and co-founder, has 30 years of experience working in the supply chain security sector and has partnered with Abbey International Finance on previous ventures.
3. Slingshot Aerospace, $3.25M, Dec. 12
Investors: ATX Seed Ventures, Okapi Venture Capital, Sway Ventures, Stage and NoName Ventures
Bio: Based in Austin, Slingshot Aerospace graduated from Techstars' LA inaugural class in 2017. The startup builds AI technology that analyzes aerial imaging for commercial, defense and civil industries.
In the news: In September, Planet, BAE Systems and Team Rubicon recruited Slingshot’s aerial services to identify safe evacuation routes, standing flood water zones and staging areas when Hurricane Harvey hit the Texas coast. The funding will be used to continue analyzing satellite geospatial imaging.
4. Welcome Commerce, $2.7M, Dec. 8
Investors: FirstMark Capital, Costanoa Ventures, Mack Capital and Commerce Ventures
Bio: Formerly known as ChatID, Welcome Commerce provides chat services for online retailers to communicate directly with page visitors in real time. A few of Welcome’s clients include Google, Purina, Walmart and Schwinn.
In the news: The company launched in 2011 from New York and is now based in Austin with an office at TechSpace Austin.
5. PullRequest, $2.3M, Dec. 7
Investors: Gradient Ventures, The Slack Fund, Fika Ventures, Defy Ventures, Lynett Capital, FundersClub and Joe Montana’s Liquid2 Ventures
Bio: Launched in 2017, PullRequest offers on-demand code review through a team of 1,900 code reviewers. These coders support 1,000 companies by checking for bugs, performance issues and more. The startup is looking to bring automation to the platform in the near future.
In the news: The Y Combinator-graduate is based in Austin with a team of six and plans to use the funding to double the team over the next month.
6. Pacific Springboard, $1.7M, Dec. 11
Investors: Not disclosed
Bio: Pacific Springboard provides a development platform to promote and launch leading U.S. lifestyle and health brands in the Chinese market.
In the news: The company has raised over $3.6 million in funding since its 2016 launch and did not issue a statement regarding the latest funding.
7. Ovabrite, $250K, Dec. 12
Investors: Not disclosed
Bio: Ovabrite is developing technology called TeraEgg that can identify the gender of a chick the moment the egg is laid. If the egg is identified as male or infertile, it will immediately be removed before incubation and used for human consumption. This is important for the movement in the egg industry to end male chick culling, which involves killing all male chicks after hatching.
News: The company formed in 2016 and is led by CEO Matt O’Hayer, who founded Austin-based Vital Farms, and President Jonathan Hoopes. Vital Farms partnered with an Israeli-based tech company called Novatrans to launch Ovabrite.