After taking the Thanksgiving week off, we are back with another funding wrap. Get details below on funding deals from the past two weeks, when companies reported about $107 million in deals.
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Contentstack Inc., which has its CEO and more than a dozen employees in Austin, said Nov. 15 that it raised $80 million in series C funding. The round was co-led by Georgian and Insight Partners, with additional money from Illuminate Ventures. As part of the deal, Georgian’s Emily Walsh will join the company's board, along with Contentstack Chief Financial Officer David Overmyer.
Contentstack has developed a content experience platform that helps website operators manage a wide variety of features, such as blogs, videos and interactive graphics, as well as quickly develop personalized experiences. The software startup, which lists San Francisco as its headquarters, is a remote-first company with more than 400 total employees. It currently has 18 people in Austin, including co-founder and CEO Neha Sampat and co-founder and CTO Nishant Patel. It has 14 employees in the Bay Area, plus more at offices in Amsterdam and India.
A manufacturing and workflow automation software company that got its start in the United Kingdom says it raised $8.5 million in funding and has made Austin its global headquarters. The startup, AMFG Corp., said its new funding was led by Intel Capital. The funds will help the company scale its additive manufacturing capabilities. With its focus on 3D printing and additives, Austin makes for a friendly environment. AMFG, led by founder and CEO Keyvan Karimi, already partners with HP Inc. on its 3D printing business, as well as L’Oreal.
Chrono Inc., a platform for live service games and gaming creators, has raised $9 million in new equity funding, according to an SEC filing. The company, which now does business as Nexus, is led by co-founder and CEO Justin Sacks. The new filing follows a $5.3 million equity round reported in 2019. The startup's investors on this round weren't listed; its past investors have included Austin-based S3 Ventures and Capital Factory.
Prado said Nov. 21 it raised $5.75 million in seed funding led by Bonfire Ventures. Slauson & Co., January Ventures, Alumni Ventures, Bridge Investment Group and Supply Change Fund also invested. Austin-based Prado, which operates legally as Function Flo Corp., has developed software that handles marketing, shipping and more for local meal delivery companies. It is led by CEO Jon Carter, who started Prado in 2020 after holding multiple roles in the C-suite of Austin-based prepared meals company Snap Kitchen, including a stint as CEO. Customers of Prado include Austin-based Lucky Lime and Los Angeles’ Everytable.
Anode Labs Inc., an Austin-based Web3 renewable energy system developer, said Nov. 17 it raised a $4.2 million first round of funding co-led by New York-based firms Lerer Hippeau and Lattice Ventures. Others in on the deal included VaynerFund, CoinShares and Digital Currency Group. Anode’s primary efforts are with its React Network, which is being built to create a decentralized Web3 platform to conserve energy. It lets people and businesses connect home batteries and get tokenized incentives.
Anode is led by co-founders Dallas Griffin, Jason Badeaux and Evan Caron. Griffin, a former captain of the Texas Longhorns football team, has a background in managing energy at Piper Sandler. Badeaux is a former senior associate at Bernhard Capital Partners, and Caron was most recently co-founder of battery storage platform HGP Storage.
Austin-based CasaPerks Technologies Inc., which has developed a points-based rewards system for renters, said Nov. 17 it has raised an undisclosed amount of new funding. The startup, led by CEO Kevin Bradt, says its software helps landlords increase resident retention and cut operational costs. The company said its funding came from top multifamily operators, finance executives and software professionals.
Check out the prior funding wrap here. Subscribe to Austin Business Journal for startup resources such as lists of venture capital and private equity firms, incubators and accelerators, angel investors and coworking providers.
