Austin tech companies were busy last week raising funds, acquiring back-end technology and naming new executive hires. Catch up on the latest tech news, including Samsung’s new development plans, with the Built In Austin Weekly Refresh.
PROPER GOOD raised $3.5M. PROPER GOOD is a direct-to-consumer startup that sells ready-to-eat nutritious meals. Last week, the company raised $3.5 million in seed funding in a round co-led by YETI Capital and The Artisan Group. With the new funding, PROPER GOOD is working to get its product inside Walmart stores and reach customers through a retail channel. [Built In Austin]
Samsung began construction on a new Austin project. The Real Deal, a real estate news site, reported last week that Samsung began construction on an Austin property it acquired for $17 billion last year. The project, which is expected to be completed in 2024, will have a combined five buildings and include office and manufacturing space. [The Real Deal]
Austin Tech Quote of the Week
“In a few years, we see PetPair maintaining a community of fosters — numbering in the tens and hundreds of thousands — providing homes for millions of pets each year. We’re growing our foster network in Texas and beyond.” — Daniel Miyares, CEO and co-founder of Petpair
Petpair was featured in our Future 5 series. Petpair is a dog adoption platform that enables shelters to find homes for dogs nationally instead of locally. The platform was founded by Daniel Miyares and Aanandh Chandrasekar in 2021 and not only matches pets with potential adopters but also transports pets across the country to their new homes. Since launching, Petpair has raised $1.2 million in funding. [Built In Austin]
AffiniPay appointed a new CMO. AffiniPay, an Austin-based fintech startup, appointed Ana Villegas as its new Chief Marketing Officer. Villegas has over 30 years of marketing experience and worked at Dell and National Instruments (NI) before joining AffiniPay. AffiniPay is currently hiring.
Infinitum Electric raised $30M. Infinitum Electric manufactures air motors that are meant to rival electric-powered motors and are 50 percent smaller in size and less energy-intensive. Riverstone Holdings Latin America led the company’s $30 million raise last week. According to Infinitum, the new capital will be used to increase production and to further automate its assembly facility in Mexico. [Business Wire]
Wheel acquired GoodRx Care’s tech. Wheel is the developer of a white-labeled, virtual health care platform that can be rebranded for use by digital health companies. On Friday, the Austin company announced that it would acquire GoodRx Care’s back-end technology, allowing it to expand the Wheel platform with GoodRx Care’s electronic medical records technology, clinical management tools and patient experience software. GoodRx Care will continue to own the GoodRx Care website and mobile app. Wheel, which raised a $150 million Series C in January, has provided its technology and clinician network to GoodRx Care since 2020. [PR Newswire]
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