Three Austin companies -- two software makers and an LED lighting manufacturer -- have raised a combined $17 million, according to securities filings.
Illumitex, which develops LED lights for various industries, has received $7 million, according to a filing with the U.S. Securities and Exchange Commission. The company collected the funding from three investors, whose names were not disclosed.
Founded in 2005, Illumitex makes LED lights for commercial, industrial and food processing industries, according to its website
The company also develops LED lighting for horticultural use, including indoor farming and vertical farming.
Meanwhile, Eventus Systems, which sells financial software that helps clients make use of intelligent data, has raised $5.2 million, according to a securities filing.
Eventus Systems, founded in 2015, received the funding from 31 investors, the filing said.
The other software maker raising funding was Overhaul Group, which, according to a securities filing, received $4.9 million from 28 investors.
Overhaul Group, founded in 2016, sells a performance management platform for the trucking and shipping industries.
Overall, 2017 has been an up-and-down year for Austin tech companies seeking venture capital. The flow of money to startups slowed in the first quarter, picked up some speed mid-year and dropped again in the third quarter.
A total of $151 million was raised by 20 Austin companies during the third quarter, according to a survey by PricewaterhouseCoopers and CB Insights.
That marked a 55 percent decline from the second quarter, when 45 Central Texas companies received a combined $332.3 million.
"A quarter doesn't tell the whole story, but it feels like things have flattened out a little bit, " John Cummins, a partner at PricewaterhouseCoopers office in Austin, said of the third quarter performance.
"It's a little more pronounced in Texas, but Silicon Valley saw it, too,” Cummins said.
The fourth quarter survey of Austin companies that received venture capital will be released in January.
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