Tenfold's $7.5 million financing tops recent funding news in Austin

Tenfold's $7.5 million financing tops recent funding news in Austin
Photo: Tenfold/Glassdoor
By Hoodline - Published on October 11, 2019.

Austin-based telecommunications company Tenfold has secured $7.5 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Oct. 8 and led by Next Coast Ventures.

According to its Crunchbase profile, "Tenfold helps companies have better customer conversations. Put customer information into action on the phone, every time, in real-time."

The 5-year-old startup has raised five previous funding rounds, including a $14 million Series B round in 2018.

The round brings total funding raised by Austin companies in sales and marketing over the past month to $8.2 million, an increase of $6.5 million from the month before. The local sales and marketing industry has produced 19 funding rounds over the past year, raking in a total of $126 million in venture funding.

In other local funding news, finance and business intelligence company Place Technology announced a $2.2 million seed funding round on Oct. 8, financed by Geekdom Fund.

According to Crunchbase, "Place Technology is a venture-backed software company building innovative applications on the Salesforce Platform that focus on simplifying business operations. It’s flagship product, PlaceCPM, is a corporate performance management solution that combines transactional-level financial and cash forecasting, budgeting, modeling, consolidations and core planning with advanced collaboration, workflows, reporting and visualization tools"

The company also raised a $720,000 pre-seed round earlier this 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.