UT Alumni's cookie delivery platform nabs $11M round of funding
Tiff's Treats announced on Tuesday an $11 million round of financing led by CIC Partners, a Dallas-based private equity firm. The company launched in 1999 when Tiffany and Leon Chen studied at the University of Texas at Austin and baked cookies for their classmates to help get through finals. The online, warm cookie delivery service has since grown to 24 stores throughout Georgia and Texas. The funding will be used for continued expansion. [Press Release]
Phunware announces $22M round
The multiscreen applications developer Phunware shared Wednesday the closing of a $22 million round of financing. This marks the second of three rounds raised to complete their Series F, which is slated to close later this quarter. Khazanah Nasional Berhad, the sovereign wealth fund of the Government of Malaysia, led the financing. The money will be used to support Phunware's global initiatives. [Built In Austin]
Recommendation service startup closes $4.2M
Localeur reported a $4.2 million funding round this week from 43 investors. The company launched in 2013 and provides a platform for locals to make real-time recommendations for restaurants, bars, places to take the family and more. [SiliconHills]
Relocated tech recruiting firm comes to Austin with plans to hire
Creative Alignments recently opened an Austin office that specializes in recruiting for software and hardware teams. Within two years, the company plans to hire 20 individuals. The company was founded in Boulder in 2010. Their CEO, Peggy Shell, said they chose Austin due to its cultural similarities to that of Colorado's. [Austin Business Journal]
Concordia and Tech Ranch partner for incubator program
Concordia University and Tech Ranch announced on Tuesday the opening of a new incubator program in Spring, 2017. The location marks the first accelerator in far Northwest Austin and will provide access to students, many of whom are female or minorities, as they strengthen their entrepreneurial skills. [Press Release]
Gane hits the market for tap and pay, collecting offers
SimplyTapp launched its first consumer-facing product this past week called Gane. With Gane, users can send and spend money to use instantly, as well as receive automatic, exclusive offers from participating retailers. The company premiered the live app at this year's Money 20/20 fintech event. [Press Release]
Dell officially Dell Technologies; closes software sale
In June, Dell agreed to sell its software division for $2 billion to Franciscos Partners Management in order to raise funds for Dell's acquisition of EMC Corp. On Tuesday, the software sale was finalized. With the completion of the sale, Dell has now changed its name to Dell Technologies, closed out the purchase of EMC, and is moving forward with merging EMC with Dell Technologies. Together, the organization combines for 140,000 employees. [Austin Business Journal]
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