DISCO tops Austin's recent software industry investments

Austin's software industry is pulling in new investment, with nine local companies securing venture capital. New funding rounds were recently announced by software companies DISCO, RigUp, Dosh, Pinpoint and AdInMo, according to company database Crunchbase.

DISCO topped the city's recent funding headlines by announcing an $83 million Series E round on January 24, led by Georgian Partners.

According to its Crunchbase profile, "DISCO makes the best legal technology in the world. Our first product, Disco, is e-discovery software that helps lawyers find evidence faster in the tens of millions of documents reviewed in major cases and investigations. They are animated by what we call the inventor's spirit: solving hard, important problems from first principles with a team of world-class engineers and lawyers."

The seven-year-old company has raised four previous funding rounds, including a $20 million Series D round in 2018.

Next up, RigUp raised $60 million in Series C funding, in a round announced on January 29 and led by Founders Fund.

According to Crunchbase, "RigUp is a platform for the energy industry to digitally interact in a more efficient, safe, and environmentally friendly way. It empowers men and women who power the world. We are the energy industry’s marketplace for service providers."

Founded in 2014, the company has raised four previous rounds, including $30 million in debt financing in 2018.

Meanwhile, Dosh raised $20 million in debt financing, announced on January 22.

From the company's Crunchbase profile, "Dosh is a fast growing cash back card-linked ecosystem that drives in-store sales through contextually relevant offers. Brands utilize Dosh’s real-time behavioral and transactional data to convert new customers, increase frequency, and average order value – tracking marketing dollars to every transaction and bench marking performance against competition. By shifting advertising dollars directly to consumers through Dosh, brands are proven to drive sales and positive brand propagation."

Dosh last raised $45 million in Series A funding in 2018.

Also of note, business intelligence company Pinpoint raised $13 million in Series A funding, announced on February 14 and led by Bessemer Venture Partners.

From Crunchbase, "Pinpoint uses data science to advance the way people and teams deliver software." The company previously raised $3 million in seed funding in 2017.

Rounding out the city's top local funding events, brand marketing and mobile advertising company AdInMo raised a pre seed round, announced on January 29 and financed by Sputnik ATX.

From Crunchbase, "AdInMo is a platform connecting brands wishing to reach Millennials and GenZs with F2P mobile game developers wishing to monetize their players in ways other than traditional 30 second interstitial ads."

The company previously raised pre-seed funding in 2018.

Across the industry, Austin-based software companies have raised $204 million in venture funding over the past month, and $1.2 billion over the past year.


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.