The Austin tech sector cooled down slightly last month as the city’s largest tech funding rounds totaled about $100 million less than they did in June. However, summer isn’t over and the tech companies that pulled through with July’s biggest VC rounds are heating things up with plenty of innovation on the horizon.
#5. $15 million, July 29
Craft Ventures led the $15 million Series A round for this company that’s developed technology to upgrade restaurant drive-thrus. ConverseNow’s AI-powered assistants take customers’ orders over the phone, by chat, at drive-thrus and at self-service kiosks. This fresh cash allows the startup to invest in marketing, sales and product innovation as it continues to enhance its tech.
#4. $17.5 million, July 29
Whether someone is skiing, snowboarding or biking, this startup works to provide them with on-demand, customized injury insurance policies. Spot recently announced the close of its latest investment led by GreatPoint Ventures. It pulled in $15 million in equity funding alongside $2.5 million in debt financing. Next, the company is planning to spend the cash on expanding its team, striking up new partnerships and accelerating its marketing efforts.
#3. $30 million, July 13
Operating a platform that enables contractors to finance their project materials, Billd is working to help construction workers grow their business without worrying about the industry’s common cash flow slowdowns. The company raised a Series B round led by LL Funds to further product development, launch new products, explore customer acquisition channels and partnerships, and onboard new talent to its 30-person team. To date, Billd has secured $90 million in total funding.
#2. $60 million, July 21
Freshly outfitted with new funding including $50 million in equity and another $10 million in venture debt, last-mile delivery company Fetch is planning to expand its footprint. The startup brings packages directly to the door of apartment residents when they use its app to schedule a delivery. Fetch is growing its Austin-based team and expanding to cover 24 additional markets over the next two years.
#1. $100 million, July 12
Joining an industry that has been booming lately, Foundry acquires omni-digital brands, offering tools for enhancing their marketing, product development and tech to help them scale. The company launched with $100 million in equity funding from LightBay Capital and Monogram Capital Partners to build out its portfolio, hire new talent and deploy its platform.