SpyCloud raises $5M Series A
Cybersecurity startup SpyCloud closed a $5 million Series A funding round last week led by Silverton Partners and March Capital Partners. The company will use the capital for research and hiring initiatives. Since emerging from stealth mode last year, SpyCloud has raised $7.5 million from investors. [Silverton Partners]
SpareFoot acquires SiteLink
Austin-basted SpareFoot announced last Friday that it has acquired Raleigh-based SiteLink. While SpareFoot provides an online marketplace for self storage, SiteLink develops software for self storage providers. The move will help SpareFoot continue to grow its tenant network and allow SiteLink to accelerate investment in its platform. Private equity firm Cove Hill Partners will hold a majority stake in both companies when the deal closes. [Press release]
Abraxas Technology secures $500K in funding
Abraxas Technology, a data analytics startup, announced the closing of a $500,000 seed round led by Quake Capital and Geekdom Fund this week. The company launched in November last year and develops engagement and analytics tools to optimize outdoor advertising campaigns. Abraxas Technology is led by military veteran and CEO Justin Gilfus. [Press release]
Asure Software makes two key acquisitions
Asure Software, which makes software for workplace and human capital management, announced on Monday that it has acquired Wells Fargo Business Payroll Services’ Evolution HCM customer portfolio. Wells Fargo customers using the Evolution HCM payment platform will fully transfer over to Asure’s payroll services by July. Asure also acquired Austin HR, an HR services firm for outsourced payroll. These acquisitions follow Asure’s ongoing acquisition strategy of building out its portfolio of HR management solutions.
The Startup of the Year application deadline is approaching
Now in its 12th year running, TechCo’s Startup of the Year program is accepting applications through April 30. The annual competition features 100 startups who pitch and demo their companies to a panel of judges at Innovate Celebrate in San Francisco, CA. Those who have been selected for the next round will be notified by mid-July. [Startup of the Year]
