Tech companies across Austin certainly got back to business following the July 4 holiday. Last week saw new funding rounds and an acquisition. Check out the latest with the Built In Austin Weekly Refresh.
Verifiable got $27M. Serving healthcare organizations, Verifiable provides API integrations that help employers credential the healthcare providers on their staff. Equipped with a Series B investment from lead investor Craft Ventures, Verifiable plans to grow its headcount with a focus on its go-to-market team, expand its ongoing partnership with Salesforce and make additions to its product line. Verifiable has secured $47 million in venture funding to date. [TechCrunch]
Austin Tech Quote of the Week
“We are excited to have successfully concluded this round of funding. This investment represents a significant milestone for our company and reaffirms the confidence that our clients and investors have in our team and the solutions we are bringing to the Financial Services industry.”— Cody Owens, Equabli CEO
Equabli pulled in $3.35M. Fintech solution Equabli works to optimize the debt recovery process for lenders as well as borrowers. Social Leverage led the company’s latest round of funding that will go toward hiring new talent, expanding Equabli’s market presence and advancing its debt recovery products and services. [PR Newswire]
IT Freedom got acquired by Thrive. Austin-based managed services company IT Freedom is the newest portfolio company of Thrive, a Massachusettes-based provider of cybersecurity, cloud and digital transformation services. The acquisition will expand Thrive’s footprint into Texas and extends Thrives services to IT Freedom’s existing customers. [PR Newswire]
