Dallas funding news: Software tops recent local investments

Dallas-based tech company Vinli has secured $13 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced February 5 and led by Hersh Family Investments.

According to its Crunchbase profile, "Founded in 2014, Vinli is an automotive technology company based in Dallas, TX. In just three years, the team has built the most advanced vehicle data computing platform, grown into the largest app ecosystem for the car, and secured global partnerships with significant players in the telecom and automotive industry. Vinli’s fully customizable platform has enabled sophisticated brands to easily engineer connected car services and capitalize on its vehicle data."

The five-year-old company also raised a $6.5 million Series A round in 2015.

The round brings total funding raised by Dallas companies in software over the past month to $34 million. The local software industry has produced 34 funding rounds over the past year, raking in a total of $78 million in venture funding.

In other local funding news, parking company ParkHub announced a $13 million Series B funding round on February 15.

According to Crunchbase, "Building on his experience, challenges (operationally & from the customer side), and insight in the industry, [founder George Baker] left his family business and founded ParkHub.com in 2010, offering consumers an easy way to locate, reserve, and pay for event parking online. As that business grew, George recognized a need for an on-site validation and mobile point of sale solution for parking operators, as well as an opportunity to provide operators with a robust, cloud-based management system."

Founded in 2010, the company has raised four previous rounds, including a $3 million round in 2016.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.