Austin tech raised $400M in January. Yes. $400M.

by Kelly O'Halloran
February 1, 2019

Austin tech saw one of its biggest single months for new capital ever, with 24 local companies collectively raising more than $400 million — yes, you read that right. The average deal size clocked in at $16 million, and the five largest rounds all came in at $40 million or more. Take a look to see who scored the biggest fundings in a spectacular month of investments.

 

dosh
photo via shutterstock

5. Dosh, $40M, Jan. 22

Investors: Goodwater Capital, Western Technology Investments, PayPal, BAM Capital and Anthem Venture Partners

Bio: Dosh’s dual platform provides cashback rewards to its consumers while giving brands an avenue for targeted digital advertising.

News: January’s funding comes less than a year after the company raised a $44 million Series A. The company will use the latest round to continue to grow its team as well as develop personalized experiences for users and relevant ads for its brands.

 

outdoorsy
photo via outdoorsy

4. Outdoorsy, $50M, Jan. 16

Investors: Greenspring Associates, Aviva Ventures, Altos Ventures, AutoTech Ventures and Tandem Capital

Bio: Like Airbnb but for camping, Outdoorsy’s rental platform gives everyone the opportunity to vacation in an RV. The company originally launched from San Francisco in 2015 and relocated its HQ to Austin last spring.

News: Outdoorsy has now raised over $80 million. January’s investment will be used to add more than 30,000 rentals to its existing network, increase its international presence and hire in Austin and its new global call center in Round Rock.

 

rigup
photo provided via shutterstock

3. RigUp, $60M, Jan. 29

Investors: Founders Fund, Quantum Energy Partners, Global Reserve Group and Bedrock Capital

Bio: Since its 2014 launch, RigUp’s job marketplace has become one of the largest workforce providers for the oil and gas industry by connecting professional contractors with their next gig.

News: The company will add about 50 roles locally as well as develop new features with the investment. These features include mobile sourcing, certification tracking, digital invoicing and an improved user experience for contractors to find new opportunities.

 

billd
photo via shutterstock

2. Billd, $60M, Jan. 28

Investor: LL Funds

Bio: Only a year old, construction fintech startup Billd hopes to redefine how contractors purchase materials for projects by providing them with working capital.

News: With a local team of about 20, Billd will use the funding to enhance its platform and further develop its underwriting process.

 

disco
photo via shutterstock

1. DISCO, $83M, Jan. 24

Investors: Georgian Partners, Bessemer Venture Partners, LiveOak Venture Partners, The Stephens Group and Comerica

Bio: Launched in 2012, DISCO offers a turnkey e-discovery system for more than 400 law firms. The company recently moved its headquarters from Houston to Austin.

News: DISCO will make use of the funding by initiating a massive hiring plan that includes 120 new engineers and 80 positions across sales, marketing, professional services and other departments.

 

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