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True Wealth Ventures Got $35M, R Labs Launched, and More Austin Tech News

True Wealth Ventures is co-led by Sarah Brand and Kerry Roop.
Photo: True Wealth Ventures

Last week, Austin tech companies again raised millions of dollars. Web3 and two companies in the fintech space have also launched with big goals to improve their respective industries. Check out the latest technology news you’ve probably missed with the built-in Austin Weekly Refresh.

True Wealth Ventures has landed 35M. It is the second funding from the Austin-based VC firm and will be used to invest in women-led seed-level startups that improve the environment and human health. True Wealth Ventures, co-led by Sarah Brand and Kerry Roop, believes that women-led companies perform better financially than men-led businesses. True Wealth Ventures raised its first fundraiser in 2018 for a total of $ 19.1 million. VC firm has invested like HealthTech startup DevelopedBrainCheck and others. [True Wealth Ventures]

Cleartrace received 20M. Cleartrace is an Austin-based energy and carbon management software company that displays “previously unseen information for renewable energy buyers and suppliers,” according to a company statement. Led by ClearSky, this capital increase follows several announcements from Cleartrace, including new partnerships with JPMorgan Chase, Brookfield Properties and Iron Mountain. [Business Wire]

Austin Tech Coat of the Week

“By making it easier for people to access affordable coverage, we are creating an alternative to a broken U.S. health insurance system. By distributing through partners, customers will not only be able to buy insurance at the moment they need it most; They will also know exactly what they are covered for – so that they can live a full life without fear of getting into debt from medical bills. ” – Matt Randall, co-founder and co-CEO of Spot

Spot raised $ 33M. The series of on-demand insurance platforms was led by Ensemble VC and included $ 25 million in equity and $ 8 million in debt. Spot allows partners and users to access emergency treatment at any hospital, emergency care clinic or licensed physician. With the new capital, Spot plans to scale its engineering and sales teams over the next two years. [Built In Austin]

Launched with R Labs 5M. The Web3 startup plans to use blockchain technology to create a purpose-driven ecosystem where the goal of each action is to make a positive impact on the physical world. Labs is headed by Chelsea Kane McLean, former marketing VP of dating app Bumble. The startup plans to launch several initiatives in the next few months, including non-fungible tokens (NFTs). [Austin Inno]

Disco has moved. The legal software firm has moved from the outskirts of Austin to the One Eleven Congress building. The new 46,000-square-foot headquarters will house about 40 percent of Disco’s more than 600 employees. The company is actively hiring for its engineering, sales, marketing and HR team. [Built In Austin]

StellarFi has been launched publicly. With over 40,000 people on the waiting list, Stellarfy Now available to the public. The startup’s goal is to offer financial instruments to underdeveloped communities, and its newly launched credit-building products report all bill payments directly to Equifax, Transunion and Experian. [Business Wire]


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