Weekly Roundups: 4 Austin Startups to Watch
Want to stay updated on Austin’s latest startup funding, launches, and expansions? Startup Over Coffee’s weekly roundup of Austin startups to watch will keep you in the loop...
Starting a company is nothing short of overwhelming. Understandably, many early-stage startups are unsure how to secure the funding needed to promote the growth of their brand....
Catch up on previous weekly roundups here.
Austin-based Silverton Partners LP announced raising a total of $248 million for two separate funds. The first fund is dedicated to early-stage investments in small tech startups, the other to help support existing portfolio companies. Silverton also raised $177 million in total for its flagship fund follow-up investments. This represents the seventh fund since 2006 and will result in 20-23 investments in early-stage startups. Many of these startups will receive larger checks, as Silverton plans to put $500 thousand to $10 million in initial investments for early-stage startups.
Silverton has also announced new promotions of Matthew Saitta to principal and Alyssa Dadoly to CFO and operating partner.
Schmoody, an Austin-based mental health app owned by Moodworks Inc., raised $875 thousand in equity funding and its first funding. Founded by CEO Nate Thomas, a former VP at Goldman Sachs, Schmoody helps individuals improve their mood through interaction, wellness challenges, and to-do lists.
Austin-based NFT startup, Curios raised $5 million in a crowdfunding campaign in under a week. New funding be used to hire developers to facilitate the interoperability and portability of NFTs, allowing for user import of NFTs into the metaverse.
Founded last year by Grant Powell, Curious’s blockchain tech allows users to create NFTs and set up their marketplace without previous experience using blockchain.
Health tech startup Wheel, recently hired its first CMO, Shoshana Deutschkron. Shoshana was the previous CMO at an automation health care company Olive. This news comes after the recent $150 million Series C funding in January. Wheel also expanded its leadership team, adding Daniel DeSantis as Vice President of Partnerships, Brandon Castel as Vice President of Sales, and Brendon Kelly as Business Lead of Behavioral Health.
Co-founded by CEO Michelle Davey in 2018, Wheel has created a nationwide virtual care platform for clinicians to deliver the care needed.
About Lara Tanner: Lara is an Account Associate 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 also has a small satellite office where it offers tech PR in San Francisco. Swyft has been listed as one of the top tech PR agencies in Texas for two years running by the B2B services review site, Clutch.co.