Austin’s 5 Largest Tech Funding Rounds Totaled $481M in September

Learn how these companies are investing last month’s largest funding rounds.
Written by Ashley Bowden
October 1, 2021Updated: October 5, 2021
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photo: shutterstock

Closing out the third quarter with Austin’s largest tech funding rounds, these companies have plenty on their agendas. From financial services and healthtech to digital design, read on to learn how these companies are investing their fresh capital in hiring new talent.

 

#5. $30 million, Sept. 8

Offering financial institutions a solution that aims to more effectively solve for regulatory challenges and manage financial risk, Eventus Systems closed on a Series B funding round to invest in its tech. The company’s latest injection of capital will go toward expanding its regulatory compliance software into more markets and doubling the size of its 55-person team across sales, product and engineering.

 

#4. $50 million, Sept. 16

Looking to scale its business, the fintech company is building out its team and products to help more underserved individuals build credit and savings. Its platform provides those with no credit or low credit scores with tools like its Credit Builder Account and Self Visa Credit Card. Self Financial’s Series E round was led by Altos Ventures and brings the company’s total funding raised to $127 million. Over the next year, Self is working to hire up to 100 new employees.

 

#3. $66 million, Sept. 28

Its platform allows dental offices to offer annual service subscriptions to patients without insurance. The startup’s solution handles administrative tasks involved from billing to plan compliance. Membersy recently closed on a $66 million growth investment from Spectrum Equity and will invest the money in product and marketing, as well as launching a new D2C marketplace and hiring up to 30 new employees over the next two years.

 

#2. $135 million, Sept. 23

The company operates a healthtech platform that works to make it easier for medical professionals to help their patients participate in clinical trials. Morgan Stanley Expansion Capital and Ally Bridge Group co-led Elligo’s Series E funding round that the company invested in acquiring ClinEdge. With the acquisition, Elligo will be able to offer doctors and hospitals ClinEdge’s administrative and technological resources. The healthtech company is also currently hiring to fill up to 400 new roles in the next year.

 

#1. $200 million, Sept. 14

Having achieved a massive $40 billion valuation following its latest round of funding, graphic design software provider Canva is planning the next stage of company growth. The raise led by T. Rowe Price will help the company add new products such as a video editor, responsive website creator and an offline mode. Canva is also working to build out its internal team with the goal of achieving a global headcount of 4,000 over the next year.

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