December started strong for many Austin tech companies, some of which secured fresh funding and others appointed new board members. Catch up on ICON’s plans to build on the surface of the moon or the companies that raised new funding last month. This is the Built In Austin Weekly Refresh.
StellarFi was featured in the Built In Future 5 series. StellarFi is a fintech startup that helps people improve their credit scores by reporting monthly payments to credit bureaus. The company was founded in 2021 and recently emerged from stealth in November. StellarFi’s goal is to help people from disadvantaged communities take control of their finances. [Built In Austin]
Five Austin tech startups raised a combined $82.25M in November. Tech companies ranging from software to alternative energy raised new capital last month. Infinitum, a sustainable electric motor company, raised the most funding in November with a $30 million round. Way, EngFlow, AMFG and Prado followed suit. [Built In Austin]
Austin Tech Quote of the Week
ICON secured a space contract. The Austin tech company secured a $57.2 million NASA contract. With the funding, ICON will develop 3D-printing methods for construction on the moon. The ultimate goal is to develop habitable building methods for space exploration. [Built In Austin]
LumApps appointed new board members. LumApps is an HR platform that offers companies new ways to connect and manage employees. Last week, the company appointed two new members to its board of directors. Efrat Ravid, chief marketing officer at Quantum Metric and Jimmy Anidjar, chairman of the board at Nexthink, were appointed to LumApps’ board of directors. [PR Newswire]
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