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The top Austin startup funding deals of 2021

27 Dec 2021
Category: News
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Author: Evan Pundyk
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The national trend in venture capital funding in 2021 is clear: more money overall and bigger rounds per deal. Austin’s startup ecosystem fits right in.

Austin startups had landed $3.8 billion in funding across 265 deals three-quarters of the way through 2021, according to data from PitchBook. That already put the metro ahead of 2020’s record-breaking figures. So when we get a finally tally of 2021, the only question is, how much above past high water mark did we get?

Meanwhile, IPOs and major acquisitions are providing big returns for investors that might help perpetuate the acceleration in venture funding for startups in Austin. Two recent examples of that are LiveOak Venture Partners raising a $210 million fund and Next Coast Ventures filing paperwork showing plans to raise a $175 million investing vehicle.

Now, let’s check out the top 22 funding deals for Austin startups in 2021, as we prepare for 2022. Click on the links to get the details.

Top funding rounds
  1. Workrise – $300 million
  2. Arrive Logistics – $300 million
  3. Elevate Brands – $250 million
  4. Icon Technology – $207 million
  5. Zen Business – $200 million
  6. The Zebra – $150 million
  7. Restore Hyper Wellness – $140 million
  8. Homeward – $371 million series B (includes $136 million in equity funding and $235 million in debt)
  9. Elligo Health Research – $135 million
  10. Firefly Aerospace – $75 million round
  11. Royal Markets Inc. – $52 million
  12. Wheel – $50 million series B
  13. Fetch Package – $50 million (plus $10M in debt)
  14. Self Financial – $50 million
  15. Olea Edge Analytics – $35 million
  16. ClosedLoop.ai – $34 million
  17. FileCloud – $30 million
  18. Eventus Systems – $30 million
  19. Billd – $30 million
  20. OsteoCentric Technologies – $30 million
  21. Aunt Bertha – $27 million
  22. Rey – $26 million

Photo credit: Arnold Wells/Staff; photo illustration by ABJ staff. Read the original article here.

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Scott Sandager,
Chief Administrative Officer 

Scott Sandager is the Chief Administrative Officer at Arrive Logistics. He joined Arrive in 2018, bringing over 14 years of logistics and brokerage experience, with expertise in project and change management, organizational design, talent development and customer satisfaction. Scott previously held many diverse roles of increasing responsibility with AFN, a Chicago-based freight brokerage.

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Matt Pyatt, Chief Executive Officer

Matt Pyatt is the Chief Executive Officer of Arrive Logistics. He co-founded Arrive with President Eric Dunigan in 2014 after building his career at Command Transportation. As CEO, he is responsible for overseeing the company’s financial health, strategic vision and culture, as well as building a scalable leadership team to support Arrive’s growth.

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Eric Dunigan,
President & Co-Founder

Eric Dunigan is the President of Arrive Logistics. He began his career at Command Transportation before co-founding Arrive with Matt Pyatt in 2014. As president, he is responsible for driving revenue and growth, as well as leading the Strategic Partnerships team — a veteran group of supply chain experts who work with Arrive’s customers to reimagine their shipping strategy.

Arrive Logistics VP of Market Intelligence David Spencer Headshot

David Spencer,
VP of Market Intelligence

David Spencer is the Vice President of Market Intelligence at Arrive Logistics. David joined Arrive in 2017 after spending six years at AFN focused on business intelligence. His department provides critical market data and expert analysis to internal teams and publishes monthly market updates for shippers and carriers under the Arrive Insights banner.

Andrew Clarke, Board Chair,
Arrive Logistics and Global Critical Logistics

Andrew Clarke is Board Chairman for Global Critical and DCLI, Inc., and a board member for Arrive Logistics and Element Fleet Management Corp. His 20 years of global transportation and logistics experience include time as CFO of C.H. Robinson, CEO of Panther Expedited Services, Inc. and SVP and CFO roles at Forward Air Corporation.

Dean Croke,
Principal Analyst
at DAT Freight and Analytics

Dean Croke is a Market Analyst at DAT Solutions, where he focuses on freight market intelligence and data analytics. His 35 years of experience with data analytics, transportation, supply chain management, mining and insurance risk management include time as co-founder of FleetRisk Advisors and in a number of other high-level roles with FreightWaves, Spireon, Lancer Insurance, Omnitracs Analytics (formerly Qualcomm) and more.

Asanka Jayasuriya,
CTO and Partner at 8VC

Asanka Jayasuriya is the CTO at 8VC. He is an accomplished engineering and product leader with 20+ years of experience in the cloud. He has a strong background in enterprise SaaS, PLG products, infrastructure, and security. Notably, he served as CTO and SVP of Engineering at SailPoint, leading their successful transition to the cloud and successful exit event. He also held senior leadership roles at InVision, Atlassian, and Amazon, driving growth, operational excellence, and innovation. At 8VC, Asanka works with the entrepreneurs and leaders in our portfolio as a virtual CTO supporting their growth.

Chad Eichelberger,
President at Reliance Partners

Chad Eichelberger is the President of Reliance Partners. Since 2015, he’s leveraged his extensive experience in risk management, compliance, best practices and contracts to lead the company’s logistics and truck insurance strategy and operations. Chad was previously the President of Access America Transport, where he led the company from $8M to over $600M in revenue.

Barry Conlon,
CEO & Founder at Overhaul

Barry Conlon is the CEO and founder of Overhaul, the global leader in active supply chain risk management and intelligence. With a remarkable career spanning over 30 years in supply chain security, he is widely regarded as a trailblazer in modern-day supply chain security standards and best practices.

Tim Denoyer,
VP and Senior Analyst at ACT Research

As VP and Senior Analyst at ACT Research, Tim analyzes commercial vehicle demand and alternative powertrain development (i.e. electrification), and authors the ACT Freight Forecast, U.S. Rate and Volume Outlook. He previously spent fifteen years in equity research focused primarily on the transportation, machinery, and automotive industries, and co-founded leading equity research firm Wolfe Research.

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