Big tech news came out of Austin last week, including an announcement from nearby Georgetown. The news included a new office for TikTok, an acquisition and a venture capital raise. This is the Built In Austin weekly refresh.
TikTok leased a large office in Austin. TikTok, the famous video and content creation app, signed a lease for over 125,000 square feet of office space in Austin. The new office reportedly spans six floors and sits at 300 Colorado St. in the downtown area. In 2020, TikTok said it planned to hire hundreds of employees. Currently, dozens of jobs are listed on TikTok’s career page for the new Austin location. [Built In Austin]
Self Financial acquired RentTrack. Self Financial wants to make building credit more accessible and provides a platform and products to help users build credit. The company acquired RentTrack, which offers rent reporting. The acquisition also includes LevelCredit, which allows customers to build credit through utility payments such as cell phone and water bills. The acquisition will allow Self Financial to integrate with the two solutions to create one credit building platform. [Global Newswire]
AUSTIN TECH QUOTE OF THE WEEK
CelLink is opening in Georgetown. CelLink develops flexible circuits for battery packs and electric vehicles. The California-based company announced it is opening a 300,000-square-foot manufacturing facility in Georgetown. The facility is expected to open in the summer, and the company plans to hire 2,000 employees for the new space. [Built In Austin]
SourceDay raised $31.5M. SourceDay raised $31.5 million in a Series C round led by Norwest Venture Partners. SourceDay provides a cloud-based supply chain management platform that helps connect suppliers and manufacturers. The Austin-based company expects to hire another 40 employees this year and double its engineering and product teams. [Built In Austin]
