Tech roundup: Phunware collects additional $26M in funding, Car2Go celebrates milestone, and more

by Kelly O'Halloran
February 8, 2018
phunware austin
photo via built in austin

Phunware adds nearly $27M to existing funding round

Phunware raised $22 million in November of 2016, the second tranche of funding from a previous Series F round that began in 2015. On Wednesday of this week, the company raised an additional $26.7 million amended to the existing round, according to an SEC filing with the state. The company did not issue a statement regarding the influx of capital. [FormDs]


rigup team
photo via facebook

RigUp raises $15.8M Series B, plus $30M in credit

RigUp, an Austin-based marketplace matching service providers with oil and gas jobs, announced this week that it has secured $15.8 million in funding led by Quantum Energy Partners and Global Reserve Group. Silicon Valley Bank also granted RigUp up to $30 million in credit to help support the company’s growth revenue stream. RigUp will use the funding to expand its sales and product teams. [Built In Austin]


restream startup
photo via twitter

Restream secures $2.5M in funding

According to an SEC filing with the state, digital media startup Restream closed a $2.5 million round of funding on Feb. 1. Eleven investors participated in the round, which brings Restream’s total funding raised to over $3.1 million since its 2015 launch. The startup’s platform allows for live streaming of videos across 30 digital channels simultaneously. [FormDs]


employee wow
photo provided by employee wow

Employee Wow raises $1M seed round

Employee Wow, a new Austin startup that measures employee performance anonymously, announced on Wednesday that it has raised a $1 million seed round from Hong Kong-based investor Sean Tomlinson. The funding will be used for marketing and to expand its sales team. As part of the deal, Tomlinson will join Employee Wow’s board of directors. [Press Release]


peopleadmin austin
photo via twitter

PeopleAdmin acquires Performance Matters

PeopleAdmin, the Austin-based talent management platform, announced last week that it has acquired Performance Matters. Based out of Utah, Performance Matters develops analytics solutions serving K-12 education. Through the merger, PeopleAdmin will now offer a comprehensive K-12 talent management system. Called TalentEd, the platform connects teacher and student insights to improve outcomes for both teachers and students. [Press Release]


car2go austin
photo provided by car2go

Car2Go celebrates 3 million members

Austin-based Car2Go announced this week that it officially hit 3 million members in January, marking a 30 percent year-over-year growth in 2017. For reference, it took the company four years to hit one million members when it launched in 2010. By 2016, the company had exceeded two million members. Car2Go provides on-demand smart cars and Mercedes-Benz car sharing in 26 locations across three continents. [Press Release]

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