The Austin tech scene saw an influx in funding dollars last month with the five largest rounds totaling $265 million. This is significantly higher than the five largest rounds secured in January.
In February, tech companies spanning the local energy, entertainment and blockchain industries raised some of the largest funding rounds. Read on to learn how these companies plan to use their newfound cash.
Austin’s Largest Tech Funding Rounds, February 2023
- Industrial Sun
- ProsperOps
- Atmosphere
- VUV Analytics
- REALLY
#5. $18 million, February 28
REALLY was founded by Adam Lyons, the founder of insurance marketplace The Zebra. Lyons’ newest venture helps people shop for phone plans similar. Last month, REALLY raised an $18 million seed round led by Polychain. Using the new capital, the company will build and launch a mobile network using blockchain technology.
#4. $20 million, February 16
Cedar Park-based VUV Analytics uses ultraviolet technology to chemically analyze gasoline in refineries. In February, the company raised $20 million in a round co-led by S3 Ventures and New Science Ventures. The funding came after the launch of VUV Analytics’ new product.
#3. $65 million, February 7
Atmosphere is a streaming platform for bars, restaurants and gyms. Last month it raised $65 million in funding, bringing the company’s valuation to $1 billion. The round was co-led by Sageview Capital, Valor Equity Partners and S3 Ventures. The new capital will allow Atmosphere to expand its platform and bring on more clientele.
#2. $72 million, February 23
Austin-based ProsperOps helps clients reduce their cloud services costs. In an investment round led by H.I.G. Growth Partners, ProsperOps netted $72 million. The new capital will help the company grow its engineering and go-to-market teams.
#1. $90 million, February 28
Austin-based Industrial Sun raised the most capital in February with a $90 million investment from EIG and Modern Energy. Industrial Sun is an energy company that develops large-scale solar projects and provides energy for Texas residents.
