Tech Money

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With a new $200M credit facility, Austin’s Upland Software is ready for more acquisitions

More acquisitions are on the way for Austin-based Upland Software. The company, which has grown by buying small software companies, has closed a $200 million credit facility to do more deals. Wells Fargo Capital Finance and CIT Bank, N.A. are joint...

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Who's investing in Austin startups? New VC report has the answer

Who’s doing deals in Austin? A new report by two tech industry veterans provides a comprehensive look.  The study was conducted by David Altounian, assistant professor of entrepreneurship at St. Edward’s University and the former founder and CEO of...

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Ahead of Amazon deal, Austin’s Whole Foods sees dip in profit, same-store sales 

In what could have been its final quarterly earnings report as a public company as it awaits approval of the $13.7 billion merger with Amazon, Whole Foods Market on Wednesday reported earnings in line with Wall Street’s expectations, though it saw...

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Austin VC funding bounces back, jumps 182 percent in 2nd quarter

After a slow start to the year, venture capital activity in Austin bounced back in the second quarter, with internet companies leading the charge. A total of $330 million was raised by 43 companies during the quarter, according to a survey by PricewaterhouseCoopers...

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Whole Foods executives set to make millions after deal with Amazon closes 

When Amazon.com completes its $13.7 billion purchase of Austin-based Whole Foods Market -- likely before the end of the year, the companies have said - some of the Austin-based organic grocer’s executives  are expected to leave the company.  But if...

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Open Source

Ahead of Amazon deal closing, major shareholder Jana Partners sells entire stake in Whole Foods

Investment firm Jana Partners LLC has sold its entire stake in Austin-based Whole Foods Market just months after purchasing it, a move that is estimated to have netted the firm hundreds of millions of dollars. Jana Partners’ sell-off comes on the...

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Kahoot, edutainment company with Austin ties, gets $10 million in new funding and a Disney Accelerator FastPass

Kahoot, an Oslo, Norway-based learning company with an Austin office and roots here, has landed a $10 million Series A funding round just a week after it was announced the company has been accepted into the three-month Disney Accelerator program....

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Austin communications firm Telestax brings in $4.7 million for growth

Austin-based communications company Telestax has landed $4.7 million to fund its next stage of growth. LiveOak Venture Partners of Austin was the lead investor in the deal. Founded in 2011, TeleStax previously raised $1.5 million from investors including...

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Austin startup Alegion brings in $3.6 million to ramp up AI initiatives

Alegion, an Austin startup that operates a crowd-sourcing automation platform used by Condé Nast, Charles Schwab and the state of Texas, has raised $3.6 million for expansion. The company received the Series A funding from RHS Investments. Launched...

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Q&A sessions reveal some details on game guru Richard Garriott’s new ‘Shroud of the Avatar’

As development of the first full release of his new game, “Shroud of the Avatar” hits the home stretch this year, Portalarium Inc.’s CEO and creative director Richard Garriott de Cayeux is inviting equity investors to help raise another $2 million...

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