Cart.com Gained $240M, CoinLedger Raised $6M, and More Austin Tech News

Here’s what you may have missed in the world of Austin tech.
Written by Delilah Alvarado
February 7, 2022Updated: February 7, 2022
Photo: Shutterstock
Photo: Shutterstock

From biometrics to e-commerce and freight, the Austin tech scene had several announcements last week. A tech fishing startup even made headlines. Catch up on what you might have missed. This is the Built In Austin weekly refresh.

Cart.com gained $240M. Cart.com is an e-commerce startup helping brands keep up with demand, delivery and sales by offering them the same tools and software used by big giants such as Amazon. The startup raised $240 million in fresh funding, bringing its total funding raised to $380 million. Cart.com will use the funding to expand into new markets as well as fuel its hiring spree. [Built In Austin]

CoinLedger got $6M. Previously known as CryptoTrader.Tax, CoinLedger announced it raised $6 million in funding from multiple investors including Volt Capital, CMT Digital, FinTech Collective and others. CoinLedger makes tax reporting and portfolio management easy in the digital asset space. The funding will be used to invest in expanding the team and offering more products. The company plans to double its team within the next 18 months and is specifically focusing on software engineers. [Built In Austin]

AUSTIN TECH QUOTE OF THE WEEK

“Passage delivers an exceptional developer experience for a technology that’s easier to use, more secure and ultimately the future of authentication. There’s often a tradeoff between security and user experience, but Passage offers a unique combination of both with low implementation complexity.” — CEO and co-founder of Passage Cole Hecht

Passage raised $4M. Passage wants to create a world without passwords and instead use other biometrics such as touch and face recognition already integrated within devices. The biometric authentication process protects users and businesses from potential risks and does not store any biometric user data. Passage gained $4 million in funding led by LiveOak Venture Partners that will go toward increasing its team from five to 12. The company will also launch its public beta. [Built In Austin]

Captain Experiences brought in $2M. Captain Experiences allows fishers and customers to connect with fishing guides in fishing hotspots such as in Texas and Florida. While the guide directory currently has a good list of locations and fishing spots, the company plans to expand to other locations such as the Great Lakes and coasts. The company also plans to one day focus on other outdoor recreational activities. Captain Experiences will add to its team later the year, increasing its employee headcount from five to 15. [Built In Austin]

Arrive Logistics acquired Forager Group’s platform. Arrive Logistics is a tech and transportation company. Arrive Logistics acquired Forager Group’s cross-border business and proprietary platform that will enable Arrive to expand its delivery services through Mexico and Canada. [PR Newswire]

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