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.
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, 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.
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, 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, 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 [...]
The Austin chapter of the Rice Alliance is holding an event with 10 entrepreneurs who will be pitching their early-stage business to a panel of VC and Angel judges. The panel includes the likes of local VC partner Mike Dodd (Austin Ventures) and Tim League (Founder of the Drafthouse). The night will also include a [...]
mobileTech Tuesday, by Steve Guengerich As I was on my way to pick up my Monday morning coffee at 6am, I had an audio double-take when I heard this exchange on the morning news report between the KUT anchor and a reporter from the Austin Business Journal about chipmaker Altera Corp’s announced intentions to move [...]
Boundless Network announced today it has raised an additional $4 million in financing. The funds will enable the branded merchandise distributor to support its rapid growth and expand its technology platform. The financing is from existing investment partners Austin Ventures and Silverton Partners. Boundless Network has now raised a total of $17 million in funding [...]
A group of seasoned Austin technology entrepreneurs and executives are announcing the formation of their new company, Mass Relevance, to help consumer brand use real-time social content to drive engagement on television, the web, and in the mobile world. The team has already secured nearly $2 Million in Series A financing from Mike Maples new firm FLOODGATE, and Austin Ventures.