Austin’s 5 Largest Tech Funding Rounds Totaled $285M in August
These Lone Star State startups are wrapping up summer with last month’s top tech VC raises. Scroll ahead to find out how these companies are investing their fresh cash to further their tech, from NFT investing to 3D-printed homes.
#5. $8 million, August 11
As SaaS grows in popularity among government agencies, this company is working to provide governments with its cloud-based platform that enables them to collaboratively create and manage public policy. Esper secured $8 million in Series A funding led by Cota Capital. It’s planning to put the cash toward scaling its operations and expanding its team.
#4. $16 million, August 26
The popularity of using non-fungible tokens is on the rise, and Royal is using this technology to help fans invest in their favorite songs. Its platform lets musicians create NFTs so fans can invest in those digital assets and earn royalties. Ahead of its official launch, Royal secured a seed funding round led by Paradigm. As it continues to grow, the company is also hiring across engineering and design roles.
#3. $20 million, August 12
Providing users and business leads with customizable meeting scheduling options, Kronologic pulled in a $20 million seed round from investors including Signal Peak Ventures and Silverton Partners. Its product integrates with other software like Google, Microsoft and Salesforce to measure return on investment for sales meetings. The new capital will go toward growing its customer base and enhancing its product’s features and AI capabilities.
#2. $34 million, August 17
Healthcare companies use ClosedLoop’s AI-powered platform to build machine learning models to help clinicians better predict future health events based on their patient’s historical data. The company is in the midst of a hiring push following its $34 million Series B round led by Telstra Ventures. Currently 35-strong, ClosedLoop wants to grow its team to 60 by year’s end and to 100 by the end of 2022 in roles across engineering, data science, customer success, support and more.
#1. $207 million, August 24
Working to create energy-efficient homes and other structures, the company behind the world’s first 3D-printed neighborhood closed on a hefty Series B round led by Norwest Venture Partners. With $226 million in total VC funding to date, ICON’s next move is to accelerate company growth. It’s building out its 100-person team across a wide range of departments, as well as investing in R&D, manufacturing and product expansion.