Funding frenzy: Austin tech companies raised $85M this week

by Katie Fustich
October 12, 2018

It’s Friday, and if you’re feeling a bit harried after the events of the last five days, you’re not alone. This week saw Austin tech go on a veritable funding frenzy, cashing in nearly $85 million in less than five days.

The companies involved range from edtech firms to logistics groups and good old-fashioned cryptocurrency funds. Here are all the details you need to know.

 

Rollick
image via shutterstock

The funding: $8.3M Series A

The company: Say you wanted to buy an RV — would you even know where to start? Rollick is dedicated to creating a superior buying and selling experience for outdoor recreational equipment. A combination of e-commerce and marketing technology have made Rollick a leader in this market.

The details: The company closed their Series A round on October 11, with LiveOak Venture Partners leading the round. Also participating: Anthem Venture Partners and ManchesterStory Group and existing investors Silverton, Autotech Ventures and Capital Factory. According to a press release, the funds will be used to expand the company’s industrial and marine offerings.

 

The Guild
Image via facebook

The funding: $9M Series A

The company: The Guild is a new kind of travel experience, offering accommodations in beautifully renovated apartments. The company aims to provide hotel-quality luxury, while allowing guests to immerse themselves in the local cultures of their destinations.

The details: The October 10 funding was led by Maveron, with participation from Corigin Ventures and Convivialite Ventures. The company plans to use the funds for expansion into Miami, Denver and Cincinnati by year’s end. Start planning your getaways!

 

Shipwell
image via shutterstock

The funding: $10M Series A

The company: Shipwell was born to help give companies without a first-rate logistics budget a first-rate logistic experience. Shipwell takes care of ground shipping from end to end, connecting companies and their cargo with reliable drivers.

The details: Fifth Wall Ventures led the funding round, with many other participants, including Village Global, Global Founders Capital, First Round Capital and Base 10 Ventures. The company will use the funds to scale operations.

 

Kahoot!
image via shutterstock

The funding: $15.4M Series B

The company: Though founded in Norway, edtech startup Kahoot! has set its roots in Austin, bringing engaging learning games to children and adults of all ages. The Kahoot! platform can be used in schools, offices or social events — wherever learning is the goal.

The details: The October 10 round was led by repeat investor Datum AS, with Microsoft and Northzone also participating. This marks the company’s second major funding of the year, with a $17 million Series B closing back in March.

 

Moonshots
image via shutterstock

The funding: $20M seed round

The company: Moonshots Capital, a VC firm based both in Los Angeles and Austin, works to find and invest in seed-stage ventures with exceptional promise and forward-thinking leadership.

The details: On October 11, the firm announced it had raised a $20 million seed round to help fund startups spearheaded by military veterans. Both founders of the fund, Kelly Perdew and Craig Cummings, are veterans themselves, and spoke about the power and potential of military leadership in a recent CrunchBase interview.

 

Good Money
image via shutterstock

The funding: $22M convertible note

The company: While the details are still largely under wraps, Good Money is a soon-to-launch cryptocurrency startup that will aim to incorporate stability into the usually-volatile world of crypto.

The details: Details of the funding have not yet been disclosed, but we expect there are exciting things to come.

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