- December 17, 2018
- Posted by: admin
In the money Dec. 10: Nearly $60M in deals reported
Seven Austin businesses reported raising about $59.6 million last week, led by a company that offers online training courses to an estimated 550,000 people.
- Aceable Inc. announced a $47 million series B round led by Sageview Capital. The company employs about 100 people and has reached an estimated 550,000 students with its online training courses, which include drivers education and real estate programs. The company was founded in 2012, and Blake Garrett is CEO. Aceable raised $4 million in a 2016 series A round.
- SourceDay Inc. announced a $6.5 million series A round on Dec. 5. The funding round was led by Austin- area investors ATX Seed Ventures and Silverton Partners, along with California-based Draper Associates, which has also invested in Tesla Inc. and Skype. All three previously invested in SourceDay’s $3.5 million July 2017 funding. The company, which has developed software that automates the purchase-order process for businesses, has secured a total of $10.8 million in funding since its 2015 launch. Tom Kieley is CEO.
- FlexFleet Inc. raised $2.1 million in equity from a single investor on Nov. 14, according to a Dec. 6 U.S. Securities and Exchange Commission filing. The company is located at 701 Brazos St., and its president and CEO is Gary Clarke, according to the filing. FlexFleet is a “stealth company building a logistics network in a highly fragmented part of the construction market,” according to Clarke’s LinkedIn page.
- Enzyme Health raised $1.7 million in seed funding to support its digital job marketplace for the health care industry. Silverton Partners was the lead investor. Enzyme Health, which operates legally as Enzyme Inc., was founded in 2018, and its co-founder and CEO is Michelle Davey. An estimated 90 percent of the positions on available on that marketplace allow clinicians to work remotely, according to a company announcement.
- Amgine Technologies Inc. reported collecting $1.25 million in debt funding from four investors in a planned $4.25 million funding round, according to an SEC filing. The company previously raised $1.6 million of equity in April and $2.2 million in July, according to prior filings. Amgine, which is behind a Canada-based travel website called HelloGbye, also announced raising $2.6 million from 19 investors in January 2017. One of its executives is James Valverde, a former faculty member at the London School of Economics. The company was founded in 2012, according to Crunchbase.
- Shelfbucks Inc. collected $925,000 in debt and other types of funding from six investors, according to an SEC Form D filing — part of a planned $1.5 million funding round. The company was founded in 2013 and its president and CEO is Erik McMillan.The Austin startup is behind digital platform MeasuresSM, which helps consumers interact with in-store products using their smart phones; the company last raised $1.6 million in June.
- CrewFacilities.com LLC earned an $111,800 contract from the U.S. Department of Veteran Affairs Great Lakes Health Care system. The federal contract is for the overnight lodging of VA beneficiaries in Danville, Ill. Crew Facilities was founded in 2015, and the logistics company works to reduce the costs affiliated with employee lodging, according to Crunchbase. CrewFacilities has “managed, leased, rented and booked hundreds of thousands of rental, hotel and workforce lodging products over the life of their careers,” according to the company’s website.
During the prior week, six Austin-area businesses reported funding and offered securities of $72.9 million.
Assistant managing editor
Austin Business Journal