Austin: $993M in Funding and $437M in Exits in 2014

Built In Austin released The 2014 Annual Austin Digital Startup Report.

The Infographic (have a look at it here) highlighted the growth of Austin’s digital tech sector with companies raising a total of $993m in investments 115 startups and 31 acquisitions totaling over $437m in 2014.

Financial technology, cloud computing, e-commerce, consumer web, healthcare and advertising technology companies were the most often funded.

The largest funding rounds included:
– BigCommerce, an e-commerce platform, which raised $50m,
– Davincian Healthcare, a healthcare analytics company, which raised $50m,
– Magnitude, an enterprise information management software company, which raised $100m, and
– Mozido, a mobile bill pay platform, which raised $185m.

Exits were Shipstation, a SaaS shipment process platform company, which sold for $76m, RenewData, a legal analysis platform, which sold for $70m, and Upland, a work management software company, which sold for $46m.



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