Austin Logistics Closes $8 Million Series B Funding Round

Austin Logistics™ Inc., a leading provider of predictive analytics and business intelligence software solutions, today announced that it completed an $8 million Series B financing round. The funding round was led by Total Technology Ventures with additional financing support from existing investors, including Baird Venture Partners, Apex Venture Partners, Svoboda, Collins L.L.C., and North Hill Ventures. The new capital infusion will be used by Austin Logistics to continue the company’s business success, which includes a nearly 100 percent jump in sales over the past 12 months.

In addition to securing its recent funding round, Austin Logistics also announced that Tom Smith, managing partner, Total Technology Ventures, has joined the company’s board of directors. Other board members include Daniel Duncan, president and CEO of Austin Logistics; William J. Philip, partner, Baird Venture Partners; Lon H. H. Chow, general partner, Apex Venture Partners; Norman A. Willox, Jr., chief officer for Privacy, Industry and Regulatory Affairs, LexisNexis; and R. Michael Allen, president and CEO, RMA Associates.