With innovations in the works across industries from healthcare to entertainment, these Austin tech companies closed out last month with ample venture capital to fund their work. Find out how the tech startups that raised April’s largest VC rounds are planning to invest.
#5. $20 million, April 7
Helping out med students and medical professionals across the country with videos and other learning resources, OnlineMedEd pulled in its first VC growth round led by Lumos Capital Group. The capital will enable the company to onboard 50 new members to its team over the next six months across departments like engineering, data science, customer success and more.
#4. $25 million, April 22
With its streaming platform that currently provides over 11,000 businesses like restaurants, doctor’s offices and hotels with short-form audio-optional TV programming, Atmosphere closed on its Series B round to further distribute its tech and build out its team. It’s looking to hire talent for its ad sales department both worldwide and based out of its Austin HQ. Valor Equity Partners led the round that now values Atmosphere at $275 million.
#3. $29 million, April 29
With a fresh injection of Series B funding led by Morpheus Capital, RapidDeploy is headed down the road toward company growth. As it works to advance 911 call centers through data and analytics, this company is planning to invest its new capital in R&D and go-to-market improvements like new product features and integrations. The company is also planning to onboard new team members across several departments.
#2. $150 million, April 12
This insurance marketplace company has officially reached unicorn status following its Series D raise from investors including Accel and Weatherford Capital. Its tech lets users get quotes from several insurance companies and connects them with an agent to find the best fit. The Zebra is planning to onboard 100 new team members in Austin over the next 12 months across engineering, development, finance, marketing and accounting.
#1. $300 million, April 28
With full-truckload services accounting for 95 percent of its business, freight brokerage Arrive Logistics is looking to expand its service offerings with the cash from its latest investment. ATL Partners, the Baupost Group, Temasek and others contributed to the round. Arrive currently serves more than 6,000 customers and employs over 1,000 people. It’s also currently looking to grow its team with around 40 positions available for tech roles and more.