TrustRadius's $12 million financing tops recent funding news in Austin

TrustRadius's $12 million financing tops recent funding news in AustinPhoto: TrustRadius/Facebook
Hoodline
Published on July 26, 2019

Austin-based marketing and b2b company TrustRadius has secured $12 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced July 23 and led by Next Coast Ventures.

According to its Crunchbase profile, "TrustRadius is the most trusted review platform for business technology. We help buyers make confident decisions with in-depth reviews and ratings from real users. We also help vendors engage and convert buyers by putting their customer’s voice to work, authentically and at scale."

The seven-year-old company has raised three previous funding rounds, including a $5.5 million Series B round in 2017.

The round brings total funding raised by Austin companies in internet services over the past month to $20 million. The local internet services industry has seen 39 funding rounds over the past year, capturing a total of $429 million in venture funding.

In other local funding news, career planning company University of Texas at Austin announced a $2.5 million grant on July 22, financed by Knight Foundation.

According to Crunchbase, "The University of Texas at Austin formally opened on Sept. 15, 1883. The mission of The University of Texas at Austin is to achieve excellence in the interrelated areas of undergraduate education, graduate education, research and public service. The university provides superior and comprehensive educational opportunities at the baccalaureate through doctoral and special professional educational levels."

Founded in 1881, the company has raised two previous rounds, including a $20 million grant in 2018.


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.