Sam’s Club, Sunroom, and Funds for Revtech and Kony in TX Tech News
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—Two founders of delivery service Favor have announced a new startup: Sunroom, which aims to improve how people rent an apartment or house, the Austin American-Statesman reported. Ben Doherty and Zac Maurais were two of the founders that sold Favor to grocery store chain H-E-B earlier this year. After renters fill out a detailed questionnaire, Sunroom will provide them with “tour guides,” agents that will show available properties during convenient windows of time, the newspaper reported. Sunroom also said it has raised $1.5 million in seed funding from investors such as Founders Fund Angel, Tim Draper of Draper Associates, Capital Factory founder Joshua Baer, Active Capital, and Boost VC.
Lastly, several companies announced new funding:
—Brightpearl, a retail software company based in Bristol, England, and Austin, announced it raised $15 million. The funding round was led by Cipio Partners, which was joined by existing investors MMC Ventures and Notion Capital. The company also announced it has appointed Maurice Helfgott, a former board member of British retailer Marks & Spencer, as its chairman.
—Revtech, a Dallas-based startup accelerator program focused on retail and hospitality innovation, announced the close of a $10 million fund, its largest fund to date. Revtech said in a press release that it plans to use the funds to make investments ranging from the “pre-seed” to Series A stages. The accelerator also announced that Mike Barnes, a co-founder of Fossil (NASDAQ: FOSL), former CEO of Signet Jewelers (NYSE: SIG), and former chairman, CEO, and president of Francesca’s Holdings (NASDAQ: FRAN), has joined the Revtech board and investment committee.
—Kony, an Austin-based app development company, has raised $26.3 million in new equity funding, according to a filing with the U.S. Securities and Exchange Commission.
—RF Code, an Austin-based data center management company, has raised $6.6 million in new equity funding, according to a filing with the SEC. The company was founded in 1997 and makes real-time data sensors and connected device software instead, according to Built In Austin.