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Three Austin startups – one focusing on sales planning software, another on government technology, and a third on natural health products – have partnered to raise $ 36.5 million in separate financing deals.
The capital raised by startups is important to Austin’s economy as it enables companies to hire workers, potentially expand facilities, and often accelerate product development.
More:Funding Summary: These four Austin startups combined raised nearly $ 60 million
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Kronologic collects $ 20 million
Kronologic, which makes planning software for sales professionals, has raised $ 20 million to expand its platform and customer base.
The funding round was led by Signal Peak Ventures and included investments from Silverton Partners, Next Coast Ventures and Geekdom Fund.
Kronologic was founded in 2018 by Trey Allison, Ben Parker, Aaron Bollinger and Chris Lee. The company says its products aim to revolutionize sales calendars and meetings.
Kronologic’s software uses artificial intelligence and other technologies to send emails to prospects who propose and schedule meetings. It works in the background of a seller’s email with no user input and automatically populates their calendar with meetings. The AI is capable of automating a number of tasks, including replying to emails, scheduling times, and prioritizing meetings, according to the company.
The technology is designed to solve the “last mile problem” and increase the number of leads that become buyers. and can be integrated with Microsoft, Google and Salesforce products.
The company plans to use the funds to expand the capabilities of the platform.
Esper adds $ 8 million and plans to expand
Esper, a state-owned technology startup, has raised $ 8 million to grow the company’s business.
The funding round was led by Cota Capital and included investments from 8VC, Gaingels and Stand Together Ventures Lab.
The company was founded in 2018 in San Francisco by Palantir Software co-founders Joe Lonsdale, Maleka Momand and Lilli Oetting and moved to Austin later that year. The startup provides a platform for government agencies and policy makers to streamline the policy making process.
The platform has a number of project management and data tools that provide opportunities to connect with residents, streamline internal workflows, and track results, according to the company. For example, the platform can track and display when a rule or regulation was last updated or expired and how it compares to similar rules in other jurisdictions, and can provide a digital workspace for policy makers to collaborate during the policy making process.
The funds will be used to expand operations across the country, the company said. Esper said it has seen significant expansion over the past year with both state and federal customers.
Lonsdale, who is also a partner at 8VC and sits on the Esper board of directors, recently moved to central Texas and relocated 8VC’s headquarters to central Texas.
In addition to its Austin headquarters, Esper has offices in San Francisco and Washington. The company announced that it is hiring remote flexible positions for all of its teams.
The new financing brings the company’s total investment to $ 14 million.
OrganiCare raises $ 8.5 million
Austin-based OrganiCare, which makes natural over-the-counter health products, has raised $ 8.5 to support its growth.
The financing round included investments from the Seraph Group.
OrganiCare CEO Caroline Goodner founded the company in 2016. Previously, she ran two genetics companies and a health and wellness company.
OrganiCares sells several topical products under the Curoxen and FemiClear brands. The products are currently sold at national drug and food retailers including CVS, Walmart, Rite Aid, Amazon and Target.com.
The company also plans to use the money to continue bringing products to market and helping the company grow.
“We are focused on changing the way women think about their health care and providing better access to our natural products through retail partners across the country,” Goodner said in a written statement. “The funding represents the belief in FemiClear’s mission and brings science-based innovations to market.”
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