Austin’s 5 largest tech funding rounds totaled $ 481 million in September
Closing the third quarter with Austin’s biggest tech funding rounds, these companies have a long way to go. From financial services and healthcare tech to digital design, read on to find out how these companies are investing their fresh capital in hiring new talent.
# 5. $ 30 million, September 8
Providing financial institutions with a solution that aims to more effectively solve regulatory challenges and manage financial risks, Eventus Systems has closed a Series B round of funding to invest in its technology. The company’s latest injection of capital will be used to expand its regulatory compliance software to more markets and double the size of its team of 55 people in sales, products and engineering.
# 4. $ 50 million, September 16
Seeking to grow its business, the fintech company is strengthening its team and products to help the most underserved people create credit and savings. Its platform provides those with no or low credit rating with tools like its Credit Builder account and Self Visa credit card. Self Financial’s Series E was led by Altos Ventures and brings the company’s total funding raised to $ 127 million. Over the next year, Self strives to hire up to 100 new employees.
# 3. $ 66 million, September 28
Its platform allows dental practices to offer annual service subscriptions to uninsured patients. The startup’s solution handles the administrative tasks involved from billing to plan compliance. Membersy recently closed a $ 66 million growth investment from Spectrum Equity and will invest the money in products and marketing, as well as launching a new D2C marketplace and hiring 30 new employees over the years. next two years.
# 2. $ 135 million, September 23
The company operates a healthcare technology platform that makes it easier for healthcare professionals to help their patients participate in clinical trials. Morgan Stanley Expansion Capital and Ally Bridge Group co-led Elligo’s Series E funding round that the company invested in the acquisition of ClinEdge. With the acquisition, Elligo will be able to offer clinEdge administrative and technological resources to physicians and hospitals. The healthcare tech company is also currently hiring to fill up to 400 new positions over the next year.
# 1. $ 200 million, September 14
After hitting a massive $ 40 billion valuation following its latest funding round, graphic design software provider Canva is planning the next stage in the company’s growth. The increase led by T. Rowe Price will help the company add new products such as a video editor, responsive website builder and offline mode. Canva is also working to strengthen its internal team with the goal of reaching a global workforce of 4,000 within the next year.