Aceable plans for expansion after $47M Series B
Mobile education software developer Aceable just passed their Series B round with flying colors. The company, founded in 2012, picked up an additional $47 million in venture capital earlier this week. Sageview Capital led the funding, and Dean Nelson and Mike McClure of the firm will be joining the Aceable Board of Directors. As for the funds, they will be put to use right away, with Aceable planning on widely expanding its educational offerings and scaling the size of its team to rise to the task. [Benzinga]
SourceDay scores $6.5M to double its team
Nearly a year and a half after raising $3.5 million to meet customer demand, Austin-based SourceDay has secured another $6.5 million in a new Series A to grow its team. The company helps suppliers and buyers from the manufacturing industry ditch manual purchase orders by offering a cloud-based, automated purchasing platform. Its software directly integrates with enterprise resource planning solutions, making for easy product adoption. [Built In Austin]
Personify picks up events platform in acquisition
Austin-based technology developer Personify made a major acquisition this week in the form of Maryland-based a2z, Inc. Personify, a solutions provider for the nonprofit world, will coordinate its current efforts with a2z, a well-known event management and organization platform; in fact, many of the companies’ clients already overlap. While the businesses will work on integrating their products in the coming months, the teams will remain intact with their current structures and leadership. [TSNN]
Enzyme Health raises $1.7M seed round
Enzyme Health may be a fresh face on the healthtech scene, but it is already making waves with its unique approach to medical scheduling. The company builds a telehealth marketplace that helps clinical workers operate wherever they are. Now, Enzyme Health has $1.7 million in the bank to support this mission, thanks to Silverton Partners and other private investors. The company is currently working on building its expert team and scaling its product to reach new audiences. [Cision]
New drone company Hangar names CEO
Hangar, poised to take the world of drones by storm, just named its first CEO: Scott Lumish. Lumish has several decades’ worth of general tech and drone-specific experience, including in his most recent role as VP of business and corporate development for DroneDeploy. With Hangar, Lumish is expected to oversee the launch of the company’s first product: a cloud-based drone workflow automation platform. [Cision]
Austin’s TruSource Labs acquired by Singapore-based firm
TruSource Labs has called Austin home since its 2013 founding. Since that founding, the company has helped people around the world with technical support for wearable devices, such as Fitbits and Apple Watches. With the wearables market exploding, it makes sense that TruSource was scooped up by Everise in an acquisition that is expected to finalize before year’s end. Based in Singapore, Everise operates in numerous markets, all with the goal of elevating the customer experience. Though TruSource will remain in Austin, this international parent company is bound to help TruSource expand its reach. [Business Standard]
Fintech solutions firm Q2ebanking acquires Gro Solutions
Austin’s Q2ebanking is on a roll this year: after acquiring Cloud Lending Solutions in August, the firm just announced the acquisition of another company: Gro Solutions. Gro Solutions, based in Atlanta, similarly supports the work and missions of local banks and credit unions. Q2ebanking will leverage these solutions for its own suite of fintech tools. Financial terms of the deal were not disclosed [Banking Tech]
