Get details below on recent funding deals. In the past week, three Austin companies announced fundings or reported deals with the U.S. Securities Commission worth roughly $21 million.
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Austin-based Rambler Sparkling Water on Nov. 3 filed paperwork with the Securities and Exchange Commission showing that it had raised just under $11.6 million in fresh funding under the legal name Riptide Waters LLC. The money came from 11 investors, according to the filing. CEO James Moody confirmed Nov. 4 the money represents new funding, adding that it will be used to add jobs and invest in growth. In a follow-up email, Moody said the LLC was established in 2015 and that Rambler cans began rolling off the line at Austin Beerworks in 2018. Since then, the brand has "grown rapidly across the Southwest" and has been sold in every U.S. state, Moody said.
Austin-based OnlineMedEd Inc. has raised another $5 million, according to a Nov. 2 SEC filing. The startup, founded in 2014 by CEO Jamie Fitch and Dustyn Williams, is a digital learning platform for medical students. The Form D was filed under the name OME Holding Co. Representatives of the company could not immediately be reached for comment, but the business did report raising more than $25 million in March 2021. ABJ reported on the company's origins in a 2017 profile.
Tiny Health on Nov. 2 announced raising $4.5 million to help it launch "the first at-home microbiome gut test" tailored to expecting parents or their babies. The startup, which operates legally as Seeding Inc., bills itself as a gut health testing company that was founded by Cheryl Sew Hoy in 2020, according to the company's LinkedIn page. The funding round was led by early stage venture fund TheVentureCity.
Check out last week's funding wrap here. Subscribe to Austin Business Journal for startup resources like lists of venture capital and private equity firms, incubators and accelerators, angel investors and coworking providers.
