Companies on the Austin tech scene landed funding rounds big and small last week. From moon missions to edtech advancements, learn more about the latest news. This is the Built In Austin weekly refresh.
Favor, a food and retail goods delivery order app startup, has just raised a $13 million investment round. The company, which has grown by serving college campuses and then expanding to surrounding zip codes, is preparing to launch to 10 new cities. Facing wide-ranging competition from the likes of GrubHub, Postmates, and UberFresh, Favor’s expansion plans and large funding round are part of a race to grab market share before the on-demand delivery industry becomes too crowded.
