Get details below on recent funding deals: In the past week, an Austin company reported $6 million in fresh equity funding, while a venture capital firm indicated it wants to raise $125 million.
Want daily updates on fundings, hires and other news of interest to the startup community? Subscribe to Austin Inno's Beat newsletter.
Last year, early-stage health coverage startup CrowdHealth Inc. raised a $6 million round led by Austin's Next Coast Ventures, along with Activate Venture Partners. An Aug. 8 securities filing indicated the company added another $6 million in equity funding. The startup, led by founder and CEO Andy Schoonover, has developed an alternative to health insurance where users pay a monthly subscription to cover administrative costs and the rest funds bills.
The company says all of its revenue is generated from reducing consumer costs — "either from growing the number of people using CrowdHealth and spreading costs over a larger Crowd, or from negotiating with hospitals and doctors to dramatically reduce prices for the Crowd."
The SEC filing came about a month after the company announced a partnership with Swan Bitcoin. That means that in addition to FDIC-insured accounts, they'll also have an option for a second account at Swan Bitcoin and make monthly contributions that are partially converted into Bitcoin.
Early-stage investment firm Scout Ventures indicated in an Aug. 8 securities filing that it is raising a fourth fund with a target of $125 million. The new fund follows up on its $55 million third fund, which closed last year. The Austin-based firm was founded in 2012 by Brad Harrison, a West Point grad and Army Ranger. The firm focuses on founders with military backgrounds and specializes in helping startups source non-dilutive capital programs with the defense community.
Get ABJ's latest list of local venture capital firms here, and see the list of angel investors here. A list of local startup incubators can be found here.
