These Austin Tech Companies Raised Over $1.7B in 2019 Funding

January 2, 2020
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image via shutterstock.

2019 marked a big year for investment in Austin tech companies. Logistics company E2open raised a whopping $950M, with RigUp taking the second spot with $300M in funds. Learn more about the top 10 funding rounds this year below, which raised a combined total of over $1.7B.

Largest Austin Startup Funding Rounds for 2019

  1. E2open- $950 Million
  2. RigUp- $360 Million (2 Rounds)
  3. SparkCognition- $100 Million
  4. DISCO- $83 Million
  5. ScaleFactor- $60 Million
  6. Billd- $60 Million
  7. EverlyWell- $50 Million
  8. Outdoorsy- $50 Million
  9. TurnKey Vacation Rentals- $48 Million

 

#10, $48 million, July 23

TurnKey offers a vacation rental management platform that helps people list rentals, manage cleaning services, provide guest services and more. This round brought its total funding to over $100M. The funds went toward market expansion and developing new marketing tools.

 

#8 (tied), $50 million, January 16

Outdoorsy connects customers with underused RVs and trucks big enough for camping. Greenspring Associates led the Series C round, with contributions from existing investors Aviva Ventures, Altos Ventures, AutoTech Ventures and Tandem Capital. The company increased the number of rentals with this funding, and earmarked money to grow its team.

 

#8 (tied), $50 million, April 16

EverlyWell offers at-home testing for things like Lyme disease, hormone levels, STIs, vitamins and more. The Series A round lets EverlyWell continue to expand its scope. Goodwater Capital and Highland Capital Partners led the round. 

 

#5 (tied), $60 million, January 29

The RigUp marketplace for oil and gas contractors connects them with on-demand jobs. Investors included Founders Fund, Quantum Energy Partners, Global Reserve Group and Bedrock Capital. The fresh funding went toward hiring and adding some new features like digital invoicing and an improved UX. 

 

#5 (tied), $60 million, January 28

The construction fintech startup offers working capital to contractors so they can purchase needed materials. The Series A round, led by LL Funds, went to platform enhancements and refinement of its underwriting process. Shivraj Mundy joined Billd as an executive chairman.

 

#5 (tied), $60 million, August 8

The ScaleFactor accounting platform uses AI to automate repetitive tasks to save businesses time. The Series C round means that they raised $100M in a little over one year.

 

#4, $83 million, January 24

DISCO provides a turnkey e-discovery product that over 400 law firms use. Georgian Partners led the round with participation from The Stephens Group, Comerica and more. The company has used the funds to hire new employees. 

 

#3, $100 million, October 8

The company makes AI applications for industrial use in aviation, financial sectors, utilities and more. It’s now valued at $725M, thanks to the Series C round. The funds will fuel its continued growth and advocacy for artificial intelligence. 

 

#2, $300 million, October 10

That’s right: RigUp made the list twice. Its giant $300M Series D round took the company to unicorn status, with a valuation of $1.9B. Andreessen Horowitz led this funding round.

 

#1, $950 million, July 16

E2open sits at the top of the list this year with a huge round. The logistics company’s platform connects customers, channels, suppliers, manufacturers and partners. 

 

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