From a big acquisition in the supply-chain industry to a new platform that simplifies startup funding, a lot happened in the Austin tech scene last week. Catch up on the latest. This is the Built In Austin weekly refresh.
Convey was acquired by Project44. The $255 million acquisition combines two major supply-chain startups: Convey, an Austin-based last-mile delivery startup, and Project44, a Chicago-based supply chain visibility provider. The two companies will work together to help organizations handle and react to shipping delays, ETA changes and other downstream changes in the supply chain. [VentureBeat]
Osano raised $11M. The Austin-based company, which provides data privacy software for businesses, will use the funding to double its headcount by the end of 2022. The company also announced what it says is the industry’s first “no fines, no penalties” pledge, which guarantees customers will not be fined or penalized for data privacy violations. [Built In Austin]
Austin Tech Quote of the Week
Flippa raised $11M. With three million registered users to date, Flippa is the world’s largest community of buyers and sellers of online businesses. The company will use the Series A funding to double its headcount to more than 100 employees across all departments in Melbourne, San Francisco, Austin and remotely. Flippa is actively hiring to meet this goal. [Built In Austin]
A new equity crowdfunding platform launched. Austin-based Fundify aims to simplify startup funding for founders and investors alike with streamlined technology and a program to pair startups with industry experts. The first funding campaign, for a company called Baby Barista, closed at 300 percent of the initial target amount. [GlobeNewswire]
