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SaaS Voice App Yac Closes $1.5 Seed Round led by Active Capital
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SaaS Voice App Yac Closes $1.5 Seed Round led by Active Capital

Without tone and inflection, it's hard to tell sometimes if an email, Tweet, or text is meant as a compliment or a complaint. One Orlando, Fla.-based startup developed a voice app solution to solve this problem.Yac announced Wednesday a $1.5 million seed financing led by San Antonio-based venture firm Active Capital with participation from angel investors. Betaworks and Booth VC invested $275,000 in a pre-seed round that closed in April 2019.The Yac app helps users send voice messages asynchronously (meaning, there’s a delay between the message sent and the recipient’s response). On average, there are about 4,500 messages a month left on Yac’s service, and the company has around 250 daily active users, according to Yac founder Justin Mitchell.Mitchell, who is also founder of di...
Geekdom Startup Allosense Wins Air Force Funding for Asset Trackers
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Geekdom Startup Allosense Wins Air Force Funding for Asset Trackers

Winning an Air Force contract estimated at a potential total value of up to $5 million has been game-changing for one Geekdom startup company producing internet-of-things or IoT tracking devices. Allosense founder Roman Sandoval applied to the competitive awards-based Air Force Small Business Innovation Research (SBIR) program and won a Phase 1 SBIR award for $50,000 in December 2019.Allosense provides an easy way for companies or organizations looking to integrate the use of smart sensors for tracking assets. The asset trackers are cellphone-sized devices that are always in communication, either on-demand or via a data stream.“We make always-connected sensors that can be used as asset trackers in logistics,” Sandoval said. “Our ‘Sensing-as-a-Service’ can be used in many different ...
Promoter.io Founder Chad Keck Talks About Being First, Offers Acquisition Advice for Founders
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Promoter.io Founder Chad Keck Talks About Being First, Offers Acquisition Advice for Founders

With little fanfare, San Antonio-based Promoter.io, a customer analytics and insights software as a service (SaaS) platform for small and medium-sized businesses, was acquired in September 2019 by Medallia, the global leader in customer experience management. In that same month, Medallia underwent an IPO four days before buying two other companies along with Promoter.io.Founders Chad Keck and Ricardo Reyna (who left the company in 2018) launched Promoter.io in 2013, working out of Geekdom, San Antonio’s first co-working space. The startup raised $1.6 million in funding over five pre-seed and seed funding rounds. Their latest round was in January 2018 for $150,000.Startups San Antonio caught up with Keck to reflect on why he built Promoter, the significance of being the first startu...
San Antonio Women in Tech Who Can Speak at Your Next Event
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San Antonio Women in Tech Who Can Speak at Your Next Event

San Antonio has talented women working in many disciplines of interest to our growing tech industry. When it comes time to organizing your next tech panel or event, we hope you consult this list of over 130 San Antonio women who are at the top of their game and can add their voices to the discussion about the tech industry.Who are these women? Over 50 are founders or co-founders of tech or biotech companies in San Antonio. Many are entrepreneurs, software engineers, infosecurity and other cybersecurity professionals, data scientists, IT analysts, biotech professionals, tech-focused lawyers, marketers working in the tech industry, and other tech-focused experts who are a part of San Antonio's tech ecosystem.Luckily, we got a head start with the list of San Antonio Latinas in tech Am...
Four Ways the San Antonio Startup Ecosystem Changed in 2019 + What to Watch For in 2020
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Four Ways the San Antonio Startup Ecosystem Changed in 2019 + What to Watch For in 2020

There’s no doubt San Antonio’s entrepreneurial ecosystem has grown in 2019.The San Antonio Startup Ecosystem Map represents a somewhat sequential startup life cycle. A macro-level view, the graphic lists local resources available throughout an entrepreneur’s journey from student to CEO to the need to scale for global growth.Compared with the first map version, which showed the startup resources in San Antonio from February to November 2018, San Antonio has since added programs, organizations, and stakeholders interested in supporting local startup activity.What changed in San Antonio’s startup ecosystem in 2019? We noted four significant trends to emerge over this past year. 1. More students eager to learn about startup life Comparing the ecosystem maps for San Antonio’s star...
How BioMed SA President Ann Stevens Helped Bring FIRST Robotics to San Antonio
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How BioMed SA President Ann Stevens Helped Bring FIRST Robotics to San Antonio

Attendees at the annual BioMed SA breakfast Wednesday heard a career retrospective that honored outgoing president, Ann Stevens, who announced her decision to retire November 20.Launched in 2005, BioMed SA is a nonprofit advocacy organization former Mayor Henry Cisneros helped create to highlight San Antonio's strengths in the biomedical and healthcare sectors. Stevens, an experienced leader in the biopharmaceutical industry, worked to promote San Antonio’s industry assets across the U.S. and globally.She also sought to create connections and relationships among research organizations and educational institutions throughout the city, Walt Downing, executive vice president and chief operating officer at Southwest Research Institute told the audience. During the last decade, the...
Enventure San Antonio To Connect Bioscience Students to Entrepreneurial Opportunities
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Enventure San Antonio To Connect Bioscience Students to Entrepreneurial Opportunities

Bioscience graduate students face daunting odds at landing a tenure-track faculty position in academia.  In popular fields like biomedicine, fewer than one in six has a chance at a faculty job researching at a university.What options does an early-career bioscience professional have?A new nonprofit organization, launched by biomedical students facing these challenges themselves, want to help enterprising scientists find career options so they can pursue medical innovation in San Antonio’s private sector.Enventure San Antonio (Enventure SA) is a biomedical entrepreneurial community designed to help students and young professionals become leaders in the biomedical and health technology space.Students and young professionals often lack the education and experience to commercia...
Scaleworks Spins Out Element SaaS Finance, a Debt Fund for Startup Financing
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Scaleworks Spins Out Element SaaS Finance, a Debt Fund for Startup Financing

San Antonio-based venture equity firm Scaleworks announced Thursday it spun out a new $10 million debt fund that will provide an alternative source of financing for startups. Called Element SaaS Finance, it was first launched as the Scaleworks Venture Finance Fund in January 2018.John Gallagher took over in January as Element's CEO from Karl Pichler, a former chief financial officer at Rackspace who was a general partner at Scaleworks managing the venture finance fund. Gallagher oversaw venture finance for Scaleworks and has almost 15 years of experience in asset management and financing.Element SaaS Finance aims to help business-to-business (B2B) software as a service (SaaS) startups secure loans to fuel growth. The debt fund looks for companies with a proven product and a stable ...
Chargify Adds Former Rackspace Sales Executive, Debuts Revenue Forecasting Tool
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Chargify Adds Former Rackspace Sales Executive, Debuts Revenue Forecasting Tool

Chargify, a San Antonio-based billing and revenue management software company, has hired a former Rackspace sales executive as its new chief revenue officer (CRO) and debuted a new revenue forecasting tool.The company announced Scott White as its new CRO Friday, according to a Chargify company post. White spent more than 15 years at Rackspace and was vice president (VP) for sales until 2018 when he moved to Mailgun as their sales VP in early 2019.White played an integral role in Rackspace's growth from $20 million in annual recurring revenue to becoming a multibillion global leader in managed hosting and cloud. His two-plus decades of sales leadership experience in the technology, cloud, and managed service markets makes White uniquely capable for what Chargify is focused on: Aggre...
Trinity University Students+Startups Internship Program Moves to San Antonio Area Foundation
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Trinity University Students+Startups Internship Program Moves to San Antonio Area Foundation

Trinity University Center for Innovation and Entrepreneurship and the nonprofit 80/20 Foundation announced the transfer of operations of the Students+Startups internship program to the San Antonio Area Foundation Thursday.Trinity University’s Center for Innovation and Entrepreneurship developed and lead, in collaboration with Geekdom and the 80/20 Foundation the internship program. The internship program that started by placing Trinity students at local startups expanded its local reach to college students nationwide in 2019.The 10-week internship program was managed collaboratively between Trinity and the 80/20 Foundation and funded by a grant from the 80/20 Foundation.In its first three years, the pilot program was solely offered to Trinity University students and had experie...