Venture capital funding is back in Austin. Last week, several tech companies and startups secured millions in funding and others announced their launch plans and new initiatives. Catch up on RapidDeploy’s $34 million raise, or read up on the latest edtech company to launch in Austin. This is the Built In Austin Weekly Refresh.
RapidDeploy got $34M. RapidDeploy provides geolocation and data solutions for first responders and is used in over 1,500 emergency call centers. Last week, the company raised $34 million in a round that Edison Partners led. With the fresh capital, the Austin-based company will continue its national expansion and make its way into more call centers. [Built In Austin]
Propello launched to improve the education industry. Propello is an edtech platform aimed at helping teachers provide the best education to their students. The startup develops and offers high-quality and research-backed curriculum for teachers. According to Propello, the company’s platform costs significantly less than other curriculum providers. [PR Newswire]
Method Financial closed its Series A round. Method raised $16 million in a Series A round led by Andreessen Horowitz. Austin-based Method provides credit and liability services for financially disadvantaged consumers. The company was founded in 2019 and previously raised $2.5 million in a preseed round, according to Crunchbase. [Method]
Austin Tech Quote of the Week
“Since its inception, SXSW Pitch has been front row to some of the most ambitious startups from around the world, using creative ideas to change their industry’s future. We are thrilled to play a role in helping shape these early-stage ventures and connect them with the resources they need to thrive. This year’s competition will be a representation of the incredible and innovative work being done around the world.” — Chris Valentine, SXSW Pitch event producer
South by Southwest announced contenders for its pitch competition. SXSW is a yearly tech and entertainment festival in Austin where companies showcase their tech or pitch their companies. This year, Austin-based gigaroo and EverCase will participate in the SXSW Pitch competition. EverCase develops cold storage solutions for food shipping, while gigaroo is a recruitment platform for service workers. [Built In Austin]
Suppli raised $3.1M. Suppli raised new funding in a round led by Equal Ventures. The company launched in Q4 2022 and developed a digital payment platform for independent construction supply companies. With the new funding, Suppli will grow its team and create new features for its platform. [Built In Austin]
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