Austin tech raises over $120M in March. Here are the 5 biggest rounds.

Written by Kelly O'Halloran
Published on Apr. 01, 2019
Austin tech raises over $120M in March. Here are the 5 biggest rounds.

After February’s $80 million haul, Austin tech came back swinging in March with 15 companies collectively raising more than $124 million. The average deal came in at $8 million, with an AI real estate tool locking in the biggest round. See who else scored big.


boutique room
image via shutterstock

5. The Guild, $7.6M, March 1

Investors: 32 undisclosed investors

Bio: Founded in 2016, The Guild transforms apartment spaces into boutique hotel rooms available for short-term rentals with personalization options and 24/7 concierge service. Currently, the company rents rooms in Austin, Dallas, Miami and Cincinnati, with Denver coming soon.

News: This funding marks a $7.6 million amendment to a previous $2 million round that The Guild raised last November. The company did not issue a statement regarding the increase in capital.


reliant id
image via shutterstock

4. Reliant ID, $10.8M, March 20

Investors: 30 undisclosed investors

Bio: One of our 2019 Startups to Watch, Reliant ID provides medical visits over an app using video conferencing and offers diagnosis and treatment kits for cold and flu, urinary symptoms and sore throat. Patients can meet with a medical professional, receive a diagnosis and a prescription in about 30 minutes total time.

News: The company did not issue a statement regarding the new funds. As of now, Reliant ID’s MD Box solution is only available in Texas.


space satellite
image via shutterstock

3. CesiumAstro, $12.4M, March 13

Investors: Airbus Ventures, Kleiner Perkins, Franklin Templeton Venture Fund, Lavrock Ventures, Honeywell Ventures, and Analog Devices Ventures.

Bio: Satellite payload startup CesiumAstro develops onboard spacecraft antennas and communications systems for satellites. Its clients include NASA, the U.S. Missile Defense Agency and the U.S. Navy, the Defense Advanced Research Projects Agency. Shey Sabripour, a former spacecraft design engineer at Lockheed Martin, founded the company in 2017 and leads as CEO.

News: The Series A, which brings CesiumAstro’s total funding to about $14 million, will be used toward growing its team from 12 people up to 45 next year.


light at end of tunnel
image via shuttertock

2. MAP, $25M, March 7

Investors: Aetna and private investors.

Bio: MAP Health Management, known simply as MAP, provides post-treatment support to patients recovering from addiction. Its platform connects patients with certified peer recovery specialists through virtual mentorship.

News: Launched in 2011, MAP will use the funding to extend its existing partnerships with health insurance companies and treatment providers to new cities as well as emergency care locations, primary care clinics and pharmacies.


ojo labs
image via ojo labs

1. OJO Labs, $45M, March 19

Investors: LiveOak Venture Partners, Realogy Holdings Corporation, Royal Bank of Canada, and Northwestern Mutual Future Ventures.

Bio: OJO Labs AI chatbot “OJO” acts as a personal assistant to individuals actively seeking a new home to purchase. Through text messages, web experiences and more, OJO offers intel on listing information, property discovery, neighborhood locations, budgeting and real estate education. When the time is right, OJO then hands off users to a qualified agent.

News: OJO Labs’ Series C comes less than a year after its $20.5 million Series B. The company will use the investment to add 50 hires in its Austin headquarters and St. Paul-Minneapolis office.


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