Next Coast Ventures, Diligent Robotics and ICON win annual Austin Inno Fire Awards
December 1, 2022
December 14, 2022
Austin Inno and Austin Business Journal shined the spotlight on 55 of the region's most exciting startups during the Inno Fire Awards ceremony November 30th at Capital Factory's downtown headquarters. Next Coast Ventures was proud to be a part of three awards at the event.
"Icon is one of Austin’s most exciting companies. It started its monster 2022 with a $185 million funding round. It went on to announce big partnerships to 3D-print more homes in the Austin area, team up with NASA to one day build structures on the moon and its higher-end home, which debuted at SXSW, was one of Time magazine’s inventions of the year."
HealthTech: Diligent Robotics
"The needs of hospitals and the broader health care system have perhaps never been as clear as they are now, in the Covid era. And Diligent Robotics has developed a solution to help with staffing needs with its robot, Moxi, which can manage a host of hospital duties that free nurses up for what they do best. The company raised a $30 million funding round this year, and is continuing to bring its robots to new hospitals."
Investor: Next Coast Ventures
"Austin has been fortunate to have several local VC firms announce major new funds this year. One of the biggest was raised by Next Coast Ventures, which announced a $310 million raise across three funds."
Building a great team means constantly striving to hire the best and the brightest people possible for open roles. As part of our platform activities at Next Coast Ventures, we constantly aim to support our companies as they grow: if you or someone talented you know is looking for a new role, we want you to know who’s hiring in our portfolio.
To that end, we’re excited to share open roles at our portfolio companies as part of our new weekly Wednesday social media series. Each week, we survey open jobs from across the portfolio and share a selection on Twitter and LinkedIn. Be sure to follow us to get the latest job openings. While not every company in our portfolio maintains a careers page, we are including direct links to the ones that do in this post. We encourage you to bookmark this page to share with talented people in your network.
We’re excited to share new recognitions for three Next Coast Ventures portfolio companies courtesy of the 11th Annual A-LIST Awards, hosted by the Austin Chamber of Commerce in partnership with SXSW earlier this month at the Long Center for the Performing Arts. Held each year to recognize homegrown companies in various growth stages, the awards highlight noteworthy businesses making strides across a range of sectors and stages, from bootstrapped startups to those who’ve secured Series C funding and beyond.
Next Coast Ventures is proud to count three honorees in our midst: Alert Media and TrustRadius both landed spots as finalists in this year’s awards, while FloorFound took home top honors as the standalone Early Stage Category Winner for its pioneering efforts to solve recommerce for furniture and oversized items.
These honors underscore the ongoing impact each of these companies is making in our Austin ecosystem and in the individual sectors within which they operate.
In May, we were proud to lead FloorFound’s $10.5M Series A alongside LiveOak Ventures to help further Founder and CEO Chris Richter’s mission to simplify oversized returns and resale, from coordination of item pickup and inspection to marketing, sales and revenue recovery.
As reported in TechCrunch, “What makes FloorFound stand out from its competitors is its approach to putting retailers, which often struggle with how to effectively do returns, at the center of recommerce.”
The A-List Awards recognized emergency communications software provider Alert Media for its fully integrated threat intelligence system and two-way multichannel emergency communication software helping thousands of organizations globally keep their people safe, informed, and connected during any emergency or critical incident.
We led Alert Media’s $8M Series B round in 2017, and participated in their $15M Series C round in 2020. In 2021, Vista Equity Partners made a strategic growth investment in Alert Media to accelerate hiring, product roadmap, and global expansion. This led to the launch of new initiatives within Alert Media that include an inaugural Employee Safety Conference slated for October 2022 and its first-to-market Analyst Access – offering organizations direct, around-the-clock access to a team of expert threat intelligence analysts during emergencies and other critical events.
Also a finalist in this year’s awards, the Austin Chamber notes that TrustRadius stands out for not only helping technology companies activate their customers to create influential customer reviews that both serve to educate and inform the active buyers, but also as a platform that generates powerful social proof that software providers can use in their own sales and marketing channels. In 2019, we proudly led the company’s $15M Series C round, which included continued participation by returning investors the Mayfield Fund and LiveOak Ventures and brought the company’s total equity financing to $25M.
It’s incredible to be on this continued journey with these companies and their teams, and we wish them all congratulations on these recent wins.
Here’s how to connect with them and learn more about their latest news, initiatives and open roles:
Congrats to our portfolio companies Everly Health, Aclaimant, Dropoff, LeanDNA, and TrustRadius on earning a spot on the 2022 Inc. list of the 5000 fastest-growing companies in the United States. Next Coast is proud to see your hard work and spectacular growth recognized.
Everly Health: A digital health company that offers consumer testing, virtual care, at-home collection tests, and digital results.
Aclaimant: The insight-driven workflow solution for safety and risk management.
Dropoff: An on-demand, same-day delivery solution for business with real-time tracking and professional service.
LeanDNA is the only provider of factory-focused inventory optimization solutions.
TrustRadius: Provider of an online review site used to offer business technology and software reviews.
Check out all companies on the Inc. 5000 list here. There are some incredible pieces on growth and persistence to be found on Inc.'s website. Just hit the “stories” tab. Entrepreneurs and Executives – you won’t want to miss digging into this!
Curious about the Austin ecosystem? Read more on BuiltinATX about the 5 fastest-growing Austin tech companies, including Everly Health.