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Austin

Fetch Package nets $10 million, plus more top funding news for Austin-based companies

Austin-based business development and business information systems company ZenBusiness has secured $15 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Sept. 25 and led by Greycroft.

According to its Crunchbase profile, "Zenbusiness is a corporate entity creation and management company that creates tech solutions focused on business identity theft protection,business management, and compliance."

The five-year-old startup has raised three previous funding rounds, including a $4.5 million seed round in 2018.

The round brings total funding raised by Austin companies in information technology over the past 90 days to $451 million, an increase of $370 million from the previous three-month period. The local information technology industry has produced 56 funding rounds over the past year, securing a total of $847 million in venture funding.

In other local funding news, logistics and delivery service company Fetch Package announced a $10 million Series A funding round on Sept. 26, led by Signal Peak Ventures.

According to Crunchbase, "Fetch solves the package problem for apartment buildings. Fetch partners with property managers to accept all packages at local warehouses and coordinates scheduled, door-to-door delivery with residents. Founded on 2016, Fetch guarantees the package excitement extends to the moment where it delivers prized possessions right into peoples hands."

Founded in 2016, the company has raised two previous rounds, including a $3.1 million seed round 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.