Get details below on recent funding deals: four Austin-based companies reported last week raising nearly $83 million combined.
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One Model Inc. exemplifies some of the innovation happening right now in human resources. The Austin-based company — which has workforce data and predictive analytics platforms that can help businesses get specific insights into their past and future retention, DEI and staff reduction efforts — announced Aug. 8 it has secured a $41 million investment led by Silicon Valley-based Riverwood Capital.
Other investors in on the round included Queensland Investment Corp., Geekdom and AV8 Ventures.
Christopher Butler, co-founder and CEO of One Model, said the fresh funding will help with maintaining growth, innovation and empowering HR and IT leaders.
"Additionally, my co-founders, David Wilson, Matthew Wilton and I, share a career-long passion for democratizing people data insights at scale in large organizations," he stated. "We’ve made it our life’s mission to provide all decision-makers with the most reliable, impactful, predictive, and ethical insights possible."
The company has now raised a total of $44.8 million since its founding in 2014, according to Crunchbase.
Austin-based data privacy startup Osano Inc. said Aug. 10 that it has raised $25 million in series B venture funding that will help it with key hires and research and development efforts.
The startup, founded by CEO Arlo Gilbert and Chief Technology Officer Scott Hertel in 2018, has a browser-based privacy monitor that consumers can use to get a sense of a site's data-sharing policies and history as well as a platform that assists companies with privacy and compliance.
While based in Austin, the company operates remotely.
Osano's new venture round was led by Baird Capital. Other investors included Austin's LiveOak Venture Partners and Next Coast Ventures, as well as Jump Capital, TDF Ventures and First Ascent Ventures. As part of the deal, Baird Capital Partner Mark Donnelly will join the board. First Ascent Ventures Partner Katharine Tomko, who is a former head of privacy programs for Facebook, will join as a board observer.
The company said that over the past year it has seen a 126% increase in the use of its platform.
"We aren’t striving to get to a billion-dollar valuation or massive headcount, but instead are focused on providing a superior experience for our customers and employees," Gilbert stated. "Our team eats, sleeps, and breathes data privacy. With this raise, we are doubling down in the space and ensuring that our vision and mission revolve around helping enterprises keep up with the constantly changing laws and regulations."
Osano had previously raised about $19 million, including a $5.4 million round in 2019 and an $11 million round in 2021.
Back in early July, we noted that Austin real estate-technology startup Flueid Software Corp. filed a Form D indicating it had raised $10 million in new equity funding. Now we have more detail.
On Aug. 10, the company announced it added $12.5 million to a $20 million raise from last October. The new funding includes the $10 million noted in the Form D, which it is calling a series B1 raise, and $2.5 million in debt financing from Eastward Capital Partners LLC. The B1 round was led by New York- and London-based Aquiline Technology Growth and included backing from Commerce Ventures.
The company, led by co-founder and CEO Peter Bowman, has a title verification platform that extracts data and embeds it into core operating systems of point-of-sale platforms, lender operating systems, title production systems, servicing platforms and marketplaces to help with real estate decisions.
"We’ve been on this journey since our company’s founding and see [verification of title] as a bigger category and mechanism to bring title data upstream for a more integrated and transparent experience," Bowman stated. "Most importantly, VOT focuses the innovation dialogue on how title intelligence can be used prescriptively across the entire real estate life cycle to effectuate change and transform workflows in ways more meaningful than simply delivering a faster title commitment."
Flo Recruit Inc., which develops software to help law firms recruit top talent, has raised a $4.3 million seed round. The funding was led by Austin-based firms LiveOak Venture Partners and Moneta Ventures. Other backers included Tau Ventures and Alumni Ventures. The startup, founded in 2019, plans to channel the money toward adding advanced reporting and system integrations for its applicant tracking product.
"The legal industry deserves a better applicant tracking system," stated Katherine Allen, co-founder and CEO of Flo Recruit. "Market shifts have pushed firms to adopt less structured, more diverse recruiting tactics. Flo Recruit clients are making strategic decisions based on real-time insight. Others make expensive guesses because they can’t access their data fast enough."
Flo Recruit has now raised a total of $10.6 million, according to Crunchbase.
For more local deals, check out another recent funding wrap. And 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.
