Crypto startup files $125M in Austin
Intangible Labs, the startup behind a new fixed-rate cryptocurrency called Basecoin, filed a $125 million crypto round in Austin on Friday, featuring 225 investors. The company initially launched from Princeton University and is led by co-founder and CEO Nader Al-Naji. Intangible Labs has not yet issued a statement on the funding or an official Austin address. [Built In Austin]
Outdoorsy moves headquarters from Silicon Valley to Austin
Outdoorsy, an online marketplace for recreational travel, officially opened its new Austin headquarters on Monday. The startup relocated its base from Silicon Valley to take advantage of Austin’s talent pool, business-friendly environment, vibrant tech scene and the area’s award-winning park system, according to a press release. Following a $25 million Series B funding round in February, Outdoorsy is hiring in engineering, sales, marketing and product. [Press Release]
Banker’s Toolbox acquires MainStreet Technologies
Risk and compliance solutions provider Banker’s Toolbox announced recently its acquisition of Georgia-based MainStreet Technologies. MainStreet offers a loan risk management platform to help institutions identify and document their allowance for loan losses. The move is part of Banker’s Toolbox acquisition strategy to provide its customer base with a suite of solutions to address risk management. [Press Release]
Impact investment firm Notley launches fellowship program
This week, Notley made public its new accelerator initiative called the Notley Fellowship, which will offer a two-year program for young professionals interested in taking on challenges in the social impact space. The first class will be announced in May and include 20 fellows between the ages of 20 and 35 years old. Notley launched in 2015 by BuildASign founder Dan Graham. [Press Release]
YouEarnedIt gains investment from Vista Equity Partners
HR tech startup YouEarnedIt announced that it has received an investment from Vista Equity Partners. The amount is undisclosed, but it will be used to make key hires, expand into new markets and enhance the platform. YouEarnedIt also added James Mann as CFO, and Michael Logan as VP of sales. [Press Release]
Menlo Park software consulting firm acquires Executive Answers
California-based Winning By Design shared late last week that it has acquired Austin-based Executive Answers. As part of the acquisition, Executive Answers CEO Ryan Cahill will lead Winning By Design’s new Austin office as partner. Both companies offer consulting and coaching for SaaS startups. [Press Release]
