Gembah Raised $ 11 Million, Billd Raised $ 30 Million & More Austin Tech News


photo: Gembah

Business growth in Austin’s tech scene is off the charts after new moves last week. With lots of fresh funding and a plethora of new startups, read on for the latest. This is the Built In Austin weekly update.

Tesla is building a solar-powered neighborhood. Striving to establish an energy neutral and sustainable community, the tech company is equipping residential homes in Easton Park with its V3 solar tiles and Powerwall 2 battery storage. Tesla has partnered with Brookfield Asset Management and Dacra to make this vision a reality. [Built In Austin]

The foundry got $ 100 million. Supported by its new equity financing from LightBay Capital and Monogram Capital Partners, Foundry is poised to acquire more small and medium brands in the e-commerce space. It is also investing in hiring new talent and deploying its data-driven software to help these brands grow. [Business Wire]

Austin Tech Quote of the Week

“We’re really approaching a big problem and a huge, rapidly growing market. We really believe we can be the Airbnb or the Uber of product creation. We will be able to unlock entrepreneurs’ equity and allow more people to create products that they were not able to create before. »- Henrik Johansson, CEO and co-founder of Gembah

Gembah raised $ 11 million. The company provides SMBs with an end-to-end product development solution. Its machine-learning-based software connects businesses to expert resources. Gembah plans to double its team of 70, triple its engineering workforce and further develop its platform. Series A was led by ATX Venture Partners. [Built In Austin]

Billd raised $ 30 million. Billd helps construction contractors finance the materials they need faster, allowing them to grow their businesses more efficiently. Now, with its Series B financing, the company is equipped to develop its current product, seek potential acquisitions and partnerships, and launch new products. She also plans to hire around 20 new team members by the end of the year. LL Funds led the way. [Built In Austin]

hOp got $ 8 million. Offering a community networking platform, the company now has total funding of $ 19 million after its Series A cycle led by Neil Ramsey of Qubit PE. hOp allows residents of multi-family real estate to connect for favors, community chats and more. She plans to invest in her intellectual property and increase the size of her team by 50% by the end of the year. [Email]

These startups could pave the way for Austin technology. Looking for significant growth in the years to come, five Austin start-ups are working hard to innovate new solutions for a variety of industries. Featured this quarter are digital content site Blended Sense, accessible e-learning platform Clusiv, virtual speech therapy platform Expressable, fitness trainer Kanthaka and hair care startup Remane. [Built In Austin]


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