Dropoff Launches to Transform $8.7 Billion Same-Day Delivery Industry

Dropoff is launching today to modernize the same-day delivery experience for businesses. By utilizing Dropoff, businesses will now be able to better manage their same-day delivery needs with easy online ordering, transparent pricing, real-time tracking, accurate ETAs for pickups and deliveries, email confirmations and driver ratings. Today, Dropoff will introduce services in Austin, TX for industries including but not limited to healthcare, food and grocery, business services, hospitality and retail. Additional metropolitan areas to follow in early 2015.

Veros Systems Raises Money from Shell, Austin Ventures, Live Oak

Veros Systems, an industrial asset monitoring company, announced today that Shell Technology Ventures LLC has joined their list of investors alongside Austin Ventures, Chevron Technology Ventures and LiveOak Venture Partners.

Datical Announces $3M Series A Funding Led by Mercury Fund

Datical today announced it has secured $3M in Series A financing led by Mercury Fund.

TrueAbility Raises $2M from Austin Ventures

TrueAbility LogoTechnical assessment platform provider, TrueAbility™, today announced that it has closed a $2 million Series A round from Austin Ventures.

Silvercar Finally Launches at DFW

Over a year ago we wrote about Silvercar raising $3M of their planned $11M round from Austin Ventures, and nobody commented. It must have been the best kept secret in the Austin technology community, even though they had job openings on Indeed.com at the time. Well, the wait is finally over. CEO Luke Schneider previously worked at Ford, and was the CTO at ZipCar. Now he’s creating the technology-focused car rental company that we all wish existed.

The Scoop on Silvercar

Do any of our intrepid readers have any inside scoop on SilverCar? According to the Texas State Securities Board, the company raised $3M of a planned $11M round of financing from Austin Ventures. According to Indeed, they’re looking to hire a couple tech folks.

Omni Water Solutions Lands $7.9M Series A

Omni Water Solutions, an emerging technology company focused on delivering mobile water treatment platforms for water treatment and re-use, has secured $7.9 million in Series A financing. The round was led by Austin Ventures and also included family office investors connected to land, oil, and gas in the Eagle Ford Shale region of Texas. Pasadera Capital represented Omni in this transaction. Proceeds from the financing will support the company’s plans to build and deploy its HIPPO(TM) treatment units for oil and gas operations where water can be treated and re-used instead of lost to disposal.

Andrew Busey Joins AV as Venture Partner

Austin Ventures (”AV”), the most active and established early-stage venture capital firm in Texas, today announced that Andrew Busey, former VP/GM at Zynga (ZNGA), has joined the firm as venture partner. Andrew brings extensive leadership and operational experience from his years of working with high-growth companies as an entrepreneur, leader, investor, and advisor. “In his […]

Spredfast Lands $12M Series B

Spredfast, a leading social media management system provider, today announced it has raised $12 million in Series B funding led by InterWest Partners. Also participating in the round is Austin Ventures, the lead investor of the company’s $3.6 million Series A round.  Spredfast plans to use the funding to expand its industry-leading platform that helps […]

NewComLink Raises $10M Series B

NewComLink, a technology pioneer in retail credit solutions, today announced that it has received $10 million in a Series B round of financing from Austin Ventures and StarVest Partners. The round was led by StarVest and will be used to support aggressive growth as retailers and lenders continue to embrace the NewComLink platform as a […]