May was a busy month for local digital tech startups, with at least 10 companies raising a round of funding. Here is a look at the five largest fundraising efforts of the last month.
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5. MoveTech, $3.1M, May 1
Investors: 15 investors
Bio: MoveTech is a technology company founded by movers to create technology products for movers.
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3. Vested Finance, $5M, May 12
Investor: Sandleigh Ventures
Bio: Vested Finance is a FinTech company focused on equity financing for higher education.
News: Vested plans to use the funding to expand company operations and offices in Austin, San Francisco, and Washington, D.C. This will include the hiring of the development team that will create and distribute the company's mobile app.
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3. Wayblazer, $5M, May 19
Investors: The Entrepreneurs’ Fund (TEF) and IBM, with participation from Gobi Partners.
Bio: WayBlazer delivers contextual, personalized advice and insights for consumers across all phases of travel, from inspiration to transaction.
News: The investment will allow the cognitive technology company to expand the development of its travel discovery solutions, increase sales and ramp up the delivery of their solutions into the marketplace.
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2. Real Massive, $8M, May 15
Investors: Capital Factory, RHS Investments, Hurt Family Investments
Bio: RealMassive is the first ever source for real-time commercial real estate information. By connecting business owners and commercial real estate professionals, RealMassive streamlines the process of finding and leasing commercial space.
News: In addition to the funding, the company announced changes in the makeup of its executive team. Co-founder Craig Hancock will become the Chief Executive Officer and co-founder Joshua McClure, will take the role of President. Hank Seale, who runs RHS Investments has also been named RealMassive's Chairman of the Board.
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1. Illumitex, $15.23M, May 13
Investors: New Enterprise Associates, Apex Venture Partners, Mousse Partners, Union Grove Venture Partners, Mercury Fund
Bio: Illumitex is a clean-tech company developing high-brightness LEDs that emits light in a uniform, highly-precise beam directly from the source.
News: The Austin-based company partnered with greenhouse manufacturer GGS Structures Inc. of Ontario, Canada in April to combine improve horticultural lighting.
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