Weekly refresh: Massive fundings, including for Lance Armstrong’s VC firm

July 15, 2019
built in austin

Lance Armstrong has raised $24.5 million in his goal to create an Austin-based VC fund worth $75 million. That's according to an SEC filing on Friday. The fund will invest in companies, like PR Lotion, an electrolyte lotion that is designed to be absorbed into the skin during workouts. [Built In Austin]

Restaurant365 raised $88 million to expand its software and team. This company helps restaurants manage their costs, labor and growth with their all-in-one software. The newest funding comes after the company’s third year of doubled revenue growth. [Built In Austin]

Vyopta raised $60 million in funding to keep offices efficient. Vyopta’s tools ensure conference that room space is being utilized properly and that IT problems get fixed. The latest funds will expand their team in Austin from 60 to 75 people. [Built In Austin]

Esports bar plans to open up shop on Sixth Street. Valhalla Esports Lounge will have 12 gaming computers, six consoles and more than two dozen televisions. The food served will be aimed at a gamer palate with dishes like Doritos-flavored mozzarella sticks. [Austin Business Journal]

Finance platform Joust will be opening an Austin location. Joust, a banking platform for entrepreneurs and freelancers, plans on hiring 10 people in the coming months. [Press Release]

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