Rabbet locks in $8M following rebrand
Rabbet, formerly Contract Simply, announced this week an $8 million Series A led by QED. The startup, founded in 2017, provides a financing solution for the construction industry that offers secure, standardized information exchanges. Through machine learning, its platform analyzes loan documents and extracts the most important info to reduce administrative time and burden associated with creating new loans. The funding will be put toward the development of its platform and to grow its sales, product and engineering teams in Austin. [Built In Austin]
Pinpoint raises $13.5M Series A
Pinpoint, the Austin-based startup creating web-based tools for measuring engineering team success, raised $13.5 million from seven investors last week. Jeff Haynie and Nolan Wright co-founded Pinpoint in 2016. The company is currently growing in Austin and has existing offices in Raleigh, Silicon Valley, and Guadalajara, Mexico. [Built In Austin]
SchoolAdmin partially acquired by Quad Partners
On Tuesday, Quad Partners shared that it has invested in edtech firm SchoolAdmin in exchange for a majority stake in the company. SchoolAdmin launched in 2009 and partners with schools to digitally assist with recruitment, admissions, enrollment and tuition billing. Quad Partners’ co-founder said the Austin company has had the highest customer satisfaction scores they’ve ever seen in their 20 years of investing in education companies. [Press Release]
Mood Media welcomes new CEO
In-store media solutions company Mood Media announced David Hoodis as its new CEO, effective Feb. 20. He joins the company from IRI, where he served as president of its retail sector for three years. Hoodis also previously held executive roles at NCR, Snack Box, Modell’s Sporting Goods and Walmart. In addition, Mood Media promoted Ken Eissing from president of the in-store media division to president of the company. The hiring news follows Steven Richards’ retirement as president and CEO of Mood Media in January. [Press Release]
YETI adds retail, e-commerce expert to board
YETI announced on Valentine’s Day that Mary Lou Kelley, an e-commerce maven with previous careers at Best Buy, Chico’s, and L.L. Bean, will join its board of directors. She most recently served as president of e-commerce at Best Buy. [Press Release]
CrowdOut Capital expands to Dallas
Following a monumental year of growth in loan originations, investments and internal team expansions, Crowdout Capital has opened its second office in Dallas. The company’s platform provides an opportunity for individuals to invest in companies for as little as $1,000 that directly fund corporate loans ranging from $4 million to $50 million in size. Stu Bell, a commercial banking and private equity expert with more than 20 years of experience, will head the new office. [Press Release]
