Interplay Raised $18M, Founderpath Got $10M, and More Austin Tech News

February 22, 2021
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PHOTO: INTERPLAY LEARNING / FACEBOOK

Several Austin startups made big moves last week, from educating skilled workers to serving members of the trans community. This is the Built In Austin weekly refresh.

Founderpath pulled in $10MThe startup provides financing for SaaS companies, extending them loans based on their monthly recurring revenue and a SaaS credit score. This recent funding round for the company came from Rackspace, Grasshopper, Webmail and others. With the new capital, Founderpath will fund its next stage of growth. [Crunchbase News]

Interplay Learning secured $18MThe Series B funding was co-led by Owl Ventures and S3 Ventures. The edtech company provides skilled trade workers with a suite of virtual reality and 3D simulation training tools. Offering training simulations to electricians, plumbers and the like, Interplay is planning to expand its catalog in both its current industries and into new areas, as well as hire new team members. [Built In Austin]

Austin Tech Quote of the Week

“We’re dealing with a community that has an 81 percent suicide ideation rate, and a 41 percent suicide attempt rate. For us, the more people we can help, the greater likelihood those numbers go down. It’s probably not the most investor-friendly comment to make, but I’m not particularly interested in making a lot of money. I’m just interested in making sure more people like me are alive.” —Euphoria co-founder and CEO Robbi Katherine Anthony

Euphoria works for members of the trans communityHaving launched in 2019, the company’s goal is to provide transgender individuals with tools and information that are essential to their transitions. Its platform offers solutions for helping people grasp their gender identity, a way to manage savings and finances as well as a resource guide to help users through their gender transition. Euphoria, which recently moved its operations from Spokane to Austin, is also looking to hire two new members. [Built In Austin]

Silicon Valley’s tech exodus is an opportunity for ATXOver the past year, more and more tech companies have been relocating from the Bay Area and heading to Austin, seeking refuge from high taxes, expensive housing and wealth inequality. The city’s welcoming climate and tech scene are bringing in hordes of new tech talent and fueling the emergence of a unique new version of the Austin tech scene. [Built In Austin]

KindHealth got $4MThe company just announced its latest funding round that it plans to put toward investing in its operations. Its AI-powered platform works to help customers navigate the complexities of buying health insurance, especially during the ongoing pandemic. KindHealth has extended its open enrollment period through May 15. [PR Newswire]

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