Wheel Raised $150M, Routefusion Gained $10.5M, and More Austin Tech News

Here’s what you may have missed in the world of Austin tech.
Written by Delilah Alvarado
January 24, 2022Updated: January 24, 2022
Photo: Routefusion
Photo: Routefusion

With new capital often comes new hiring initiatives, and these tech companies are growing and growing with no stopping in sight. Catch up on the latest news below. This is the Built In Austin weekly refresh.

Evocalize gained $12M. The digital marketing startup with locations in Seattle and Austin gained $12 million in a Series A funding round. Evocalize works to bring marketing tools to small and medium-sized businesses, with its primary reach in the real estate industry. The fresh funding will go toward innovating its platform and increasing its team. [Built In Austin]

Routefusion raised $10.5M. Fintech company Routefusion raised $10.5 million in a seed prime funding round co-led by Canvas Ventures and Silverton Partners. Routefusion provides cross-border payment solutions allowing online banks, crypto and other marketplaces to easily send and transact products globally. The recent funding will go toward expanding into other markets — including Latin America and Africa — as well as hiring for its marketing and product teams. Rebecca Lynn, co-founder and general partner at Canvas Ventures, also joined Routefusion’s board of directors. [PR Newswire]

AUSTIN TECH QUOTE OF THE WEEK

“Telehealth 1.0 brought healthcare visits online but companies are still struggling to meet their patients’ care needs. We recognized that in order to move the healthcare industry forward and truly deliver on the promise of virtual-first care, we need both the infrastructure and workforce that can deliver ‘anytime, anywhere’ care. We’re excited to continue leading the charge and making personalized care a reality.” — Wheel’s CEO and co-founder Michelle Davey

Wheel raised $150M. Wheel provides tech and healthcare companies with a platform to deliver their services. The platform offers primary care, diagnostics, behavioral health and more and uses technology to pair patients with doctors and settings that meet their needs. The Austin-based startup raised $150 million in a Series C round co-led by Lightspeed Venture Partners and Tiger Global. Wheel intends to double its headcount this year. [Built In Austin]

Core Scientific went public. The Austin-based bitcoin mining company went public after its SPAC deal with Power & Digital Infrastructure Acquisition Corp. Shares initially opened at $9.74. Core Scientific’s CEO and co-chairman Mike Levitt said the company is one of the largest publicly traded blockchain infrastructure providers and will focus on increasing its capacity. [Austin Inno]

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