Weekly Roundups: 4 Austin Startups to Watch
Want to stay up to date on the latest startup fundings, launches, and expansions in Austin? Startup Over Coffee’s weekly roundup of Austin startups to watch will keep you in the...
Want to stay up to date on the latest startup fundings, launches, and expansions in Austin? Startup Over Coffee’s weekly roundup of Austin startups to watch will keep you in the loop on the latest Austin tech news. Catch up on previous weekly roundups here.
According to Austin Inno, Austin startup Disco plans on filing an initial public offering (IPO). The legal tech company plans to raise $100 million from the initial public offering, with the help of Cooley, J.P. Morgan Securities Inc., and BofA Securities Inc. Disco has yet to make a statement on when funding will begin, however, the amount of money it plans on raising is likely to change as the company gets closer to trading.
Founded in 2013, Disco provides artificial intelligence-powered technology to make it easier to collect data, review legal documents, and overall provide efficiency for legal companies. Due to the pandemic, in the first and second quarters of 2020, Disco noticed stagnant funding and $15.7 million of revenue would not budge. Fortunately, as of the first quarter of 2021, revenue has increased to $21.1 million.
The startup is said to be valued at $785 million and has over 900 customers. As demand rises, the revenue and venture capital of Disco is looking very hopeful.
With the help of Austin-based health tech startup Babson Diagnostics, the future of quicker and more innovative lab testing is here. According to Built in Austin, the startup has announced a $31 million Series B fund, which will help them launch and expand their services and products to pharmacies and other locations nationwide.
Babson Diagnostics provides an easier and more convenient way of blood testing without rendering the accuracy and quality of the results you get. It collects a small fingertip sample of blood and uses proprietary technology, giving a full range of diagnostic results in a matter of a day.
According to KXAN, Austin FC’s Dreamer Program has rewarded At Ease Rentals Corporation, a Texas military startup, with $100,000 in funding.
Founded by Anthony Gantt, At Ease Rentals Corporation provides military personnel and their families support with their living arrangements. While The Joint Travel Regulations offers military service members reimbursements to cover extra cost of living for extended stays, sometimes the money isn’t fully reimbursed, leaving military members in charge of paying their living expenses. After experiencing a similar situation, Gantt was inspired to offer an alternative through At Ease Rentals.
Selected from over 80 businesses applying for this award, At Ease’s unique business model was the reason it received the $100,000 funding. Gantt will use this money to help with marketing and advertising, which will aid in spreading the name of At Ease to more military families.
As of June 29, UpEquity, an Austin-based startup, announced hiring a new CTO, Andy Pruitt. According to Austin Inno, Pruitt was previously CTO of OppLoans and co-founder of Backstop Solutions.
Founded in 2019, UpEquity was created to help people have easier obtainability in real estate. Between a recent $25 million Series A funding and hiring 50 new employees, Andy Pruitt has entered UpEquity during a thriving time.
About Michelle Vernaza: Michelle is a Business Development Associate Intern for Swyft, which is a tech PR firm in Austin and Houston and a top digital marketing and PR agency in Denver since its founding in 2011. Swyft recently opened a satellite office where it offers tech PR in San Francisco. Swyft was also listed as one of the top tech PR agencies in Texas by the B2B services review site, Clutch.co.