Austin Weekly Deal Highlights - August 22nd

August 22, 2021
ATX Weekly Deal

Download How to Leverage Ambulatory Surgical Centers for Lower Costs and Higher Satisfaction

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Is Your Health Plan a Tech Whiz or a Dinosaur?

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Download the Patient Advocacy 2.0 White Paper

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Download the Complete Guide to Retaining Health Plan Members.

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Download the Complete Guide to Growing Your Health Plan Membership

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Download the Complete Guide to Lowering Member Costs

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Download Healthcare Consumerism 101: A Playbook for Health Plans

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Download Your Guide to the Transparency in Coverage Rule

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Download Your Guide to Unique Benefit Offerings that Don't Break the Bank

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Download the Complete Sedera Case Study

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Originally published here: https://austinhighlights.substack.com/p/austin-weekly-deal-highlights-3e6?token=eyJ1c2VyX2lkIjozNDE5MTcwNCwicG9zdF9pZCI6NDAzNDMxNTgsIl8iOiJnc1ptQyIsImlhdCI6MTYyOTgzNDgxMywiZXhwIjoxNjI5ODM4NDEzLCJpc3MiOiJwdWItMzQ3MTM1Iiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.4Oi0q9eKt0MhB0E4jZQYEnankRCH6hWTAQO6QTtVjMg

I know folks want to talk about Austin A-Listers, but let’s take a moment to talk about the B-Listers… And by B-Listers, I have to give a shoutout to a couple nice Series B rounds this week, for RapidDeploy, Imubit, and ClosedLoop.ai! I love seeing company formation, and early-stage rounds, but unfortunately only a small fraction of the companies will sustain success over the long term, and the Series B is another step in that direction. Looking forward to more of these to come!

Austin People

  • Firefly,  a leading provider of economical and dependable launch vehicles, spacecraft, and in-space services names  Lauren Lyons, former SpaceX and Blue Origin Veteran, as Chief Operating Officer. This appointment comes on the heels of Firefly’s recent component business announcement and preparation for its upcoming launch from Vandenberg Space Force Base in California.
  • Point Health, a digital health tech startup in Austin, added Doug Bain as Chief Growth Officer to its executive leadership team. Prior to joining Point Health, Bain was the Chief Growth Officer at Adhere Health and has previously held key roles at Sales Benchmark Index, eyeQ, and CVS Caremark.

Austin Financing Activity

  • RapidDeploy, a public safety technology company working to accelerate Next Generation 911, raised a $40M Series B led by Morpheus Ventures with participation from Ericsson Ventures, GM Ventures, and Tau Ventures. The company has raised approx. $70M to date.
  • ClosedLoop.ai,  healthcare's data science platform, raised a $34M Series B led by Telstra Ventures with participation from Breyer Capital, Greycroft Ventures, .406 Ventures, and Healthfirst,
  • Rocket Dollar, a financial platform intended to help users make alternative investments, raised $8M of venture funding from undisclosed investors. It previously reported raising about $4.6M.
  • Bloomfire,  a knowledge engagement software platform, received a significant growth investment from Primus Capital. The company previously raised approx. $20M from investors including Austin Ventures and Redpoint Ventures.
  • Earbuds, a social listening app, raised a $3M Series A. Ecliptic Capital led, and was joined by the Andre Agassi Foundation and LFG Ventures

Austin M&A Activity

Other Texas Deal Activity

  • Imubit, a Houston-based closed-loop neural network platform, raised $30M Series B led by Insight Partners and Zeev Ventures.
  • Electronic Transactions Consultants, a Richardson-based highway tolling systems software, reached a definitive agreement to be acquired by Quarterhill (TSE: QTRH), a subsidiary of International Road, for $120M.
  • KARE, a Houston-based digital labor marketplace for senior care and post acute care facilities, raised $7.85M Series A led by Golden Section Ventures
  • Chargeback Gurus, a McKinney-based chargeback prevention and recovery platform, was acquiredby Falfurrias Capital Partners, for an undisclosed amount.
  • DocSpace, a Houston-based digital health commerce platform for clinicians to start, manage, and grow tech-enabled private practices, raised $1.2M in seed funding led by Slauson & Co., with participation from Precursor Ventures, Acrew Capital’s Scout Fund, and SputnikATX Ventures.
  • Fluence Analytics, a Stafford -based develops products for manufacturers to use to collect data and analyze polymers and material properties, raised $7.5M of venture funding from Diamond Edge Ventures, Yokogawa Electric and JSR Limited.

Austin News

Thank you!

Mason Rathe

Download How to Leverage Ambulatory Surgical Centers for Lower Costs and Higher Satisfaction

Discover how TPAs, health cost sharing groups, and limited benefit medical plans can benefit from the use of ASCs.

Is Your Health Plan a Tech Whiz or a Dinosaur?

Take the quiz to find out!
TAKE THE SURVEY

Download the Patient Advocacy 2.0 White Paper

Discover what health plan members had to say about the value of patient advocacy in our survey.

Download the Complete Guide to Retaining Health Plan Members.

Learn the best strategies and tips for retaining your members while keeping costs low.

Download the Complete Guide to Growing Your Health Plan Membership

Learn the best strategies and tips for growing your members while keeping costs low.

Download the Complete Guide to Lowering Member Costs

Discover what health plan members had to say about the value of patient advocacy in our survey.

Download Healthcare Consumerism 101: A Playbook for Health Plans

Learn the best strategies and tips for retaining your members while keeping costs low.

Download Your Guide to the Transparency in Coverage Rule

Discover how the the new rule will affect TPAs and health plans and how you can start your journey to compliance.

Download Your Guide to Unique Benefit Offerings that Don't Break the Bank

Discover how to add value to your health offerings that delight clients and members but don’t cost a fortune.

Download the Complete Sedera Case Study

Discover what health plan members had to say about the value of patient advocacy in our survey.

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