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February 2022

It’s 2022, and we are excited for another year of entrepreneurship in Austin. We are bringing you an abbreviated version of ATXnology this fine winter day, but with good reason.

⚠️Spoiler alert: We will be releasing a Special Edition ATXnology next month. That’s all we can tell you right now. Just know it is one you won't want to miss.

Now, let's jump into some quick updates...

First Dollar announced a $14M Series A led by Blue Venture Fund. As existing investors on the board, we are thrilled to welcome Blue Venture Fund and look forward to the continued growth by Jason and the First Dollar team. Read more →
AaDya Security announced the close of a $3.1M funding round led by Companyon Ventures. We are thrilled to be existing investors celebrating the continued success of Raffaele Mautone and his team. Read more →
In December, Next Coast portfolio company Navegate was acquired by Radiant Logistics, Inc. (NYSE MKT: RLGT), a third-party logistics and multi-modal transportation services company. This was an exciting, well-deserved win for Nathan Dey, CEO of Navegate and the Next Coast team. Read more →
Next Coast Ventures announced Entrepreneur-in-Residence, Scott Miller, expanded his role to Venture Partner late last year. As a Co-Founder of one of NCV’s portfolio companies TrustRadius, Scott's role expansion is a huge win for our firm and entrepreneurs. Read more →

Looking for more updates? Check out the Firm News on our website. 
Now, let's keep on rolling 👇

Trending Now: Our Managing Director Might Talk You Out of Being an Entrepreneur

Being an entrepreneur is really hard...really rewarding, but also really hard. Next Coast Co-Founder and Managing Director, Mike Smerklo, is an entrepreneur himself and works with many every day. Speaking from his experiences, he helps you ask the tough questions to see if you’re cut out for what is ahead on the entrepreneurial, are you?

Read his straightforward questions here → (4 minutes)

📚Other Quick Reads

👀 Stay In The Know

Domain Money launched their app...check it out in app store #NextCoastNews🌀  #Austin

Facebook's Meta leased what is going to be the tallest skyscraper in Austin and is looking to hire 400 people #Austin

Green Bay Packers and NFL Man of the Year nominee, Aaron Jones, partnered with Next Coast portfolio company Eterneva to honor his father with a memorial diamond #NextCoastNews🌀  #Austin

Austin ranked #1 in all U.S. metro areas with the strongest hiring rates relative to pre-COVID #Austin

In 2021, 5 Austin companies reached unicorn status, 7 opened offices in Austin and 13 relocated their HQs here #Austin

Everly Health Founder and CEO Julia Cheek was featured in The WSJ for the work the company has done to support at-home testing #NextCoastNews🌀  #Austin

😎 Stay Trendy

🎥 Watch this heartwarming video about Aaron Jones, NFL player and newest Partner of Eterneva (one of our portfolio companies!).

🎟️ Check out this year's SXSW line up and grab yourself a ticket. March 11-20 is right around the may even seen some Next Coast founders there 👀 

🍽️ Eat at LORO, an Austin smokehouse, and coincidentally where the Next Coast holiday party took place back in December, so don’t be shocked if you bump into one of us going back for seconds... 

🍹 Grab a drink at home...with Next Coast portfolio company BOXT, duh. Specifically the Profile Four Five because its amazing.

📚 Read this First Round Review article about finding language/market fit and making your customers feel like you read their is winner 🏆

🤔 Stay Curious: The Slack Huddle Feature

If you're on the paid plan of Slack with your team and you haven't been using the Huddle Feature...then, we can confidently say that you're missing out. The Huddle Feature is that little switch in the bottom left corner of the app (see above).

The feature simultaneously brings back the joy of casual break room conversations while reducing the need for 15 back-and-forth messages to figure out what someone meant when they typed XYZ.

Essentially, a Huddle is a virtual "room" that anyone can pop in and out of with just a flip of the switch. It's that easy.

Try it out! Let us know what you think. Here is how to use the Huddle feature →

⭐ Stay Humble...NOT!

The last few months were filled with gold medals for the Next Coast portfolio founders and teams. They took home awards left and right for the incredible things their teams have contributed to the city of Austin. Congratulations to all the winners and all those who work to make our city a wonderful place for entrepreneurs. Here are some of the winners:
🏆3 Next Coast portfolio companies were honored at the 2021 Great Austin Business Awards. Congrats to the teams at AlertMedia, BOXT, and Swivel for demonstrating excellence in business achievement and community contributions that make the Central Texas region a better place to live and work.

🏆The Best of INNO Awards were also busy for the Next Coast portfolio:
  • Best Places to Work in Austin Overall: Enboarder, Aceable, and LeanDNA
  • Best Small Places to work in Austin: Enboarder, LeanDNA, TrustRadius, Stoplight, DOSH, Upequity, Floorfound, Diligent Robotics, and Everly Health
  • Best Mid-Size Places to work in Austin: Aceable and AlertMedia
  • Best Remote-First Places to Work Nationwide: Sift
🏆NewsWeek recognized ICON 3D Co-Founder, Jason Ballard, one of America's Greatest Budding Disruptors.

🏆Baylor University awarded ICON 3D Co-Founder, Alex Le Roux, BS ’15, as the Young Alumni of the Year.

🏆AaDya Security made Purpose Job's Best Places to Work 2022 list for Small Startups.

p.s. Did we miss your team's award? Reply to this email and let us know. We'd love to include it in the next! 

Like we said earlier, stay tuned. Special Edition ATXnology coming at you soon.
Until then, follow along with us on social:
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