Disco, a major Austin-based tech company, announced it has secured $40 million in debt financing. The company, which makes software for the music industry, said the new funding will help it continue with its growth initiatives. Disco also announced it has raised a total of $235 million in equity and venture capital from leading investors including Austin Ventures (Advent International entity), Index Ventures, Kleiner Perkins Caufield & Byers (KPCB) and Thrive Capital.
The company’s current valuation is estimated at over $1 billion. Disco 60M is an Austin-based accelerator program for early-stage technology companies.It has backed 67 companies and helped them raise over $1 billion in total funding.
Disco Receives Debt Financing
Disco Receives $1 Million in Debt Financing Austin-based Disco 60 million 40 million 785 million
Disco, a Houston-based company that provides debt financing and leasing to small businesses, received a debt financing loan $3 million from the Austin-based firm to CapitalSource Financial Services. The money will fuel Disco’s growth in the Southeast and other parts of the country. “Our long-term goal is to help more entrepreneurs start and grow their businesses,” said Daren Metropoulos, CEO of Disco. “We are thrilled to have CapitalSource on our side as we continue to work hard at
to provide meaningful solutions for small business owners.CapitalSource Financial Services invests in technology startups and partners with companies such as Airbnb, Dropbox and Uber.
Austin-based Disc 60M 40M 785 Million received $40 million in debt financing from a group of investors. The company plans to provide funds to expand operations and increase employment. Founded in 2006, Disco provides technology services to small businesses.
Raised
.235M out of $785M at Austin Disco
On July 8, 2017, 235M raised $1M in debt financing out of $785M at Austin Disco.The company plans to use the funds to expand its operations and develop new products.
M is a leading provider of cloud-based Software-as-a-Service (SaaS) solutions for small businesses. Its flagship product, MTE, is a cloud-based CRM solution that helps businesses manage customer relationships.
The company has offices in Austin and San Francisco and has hired several new employees over the past year to support its growth. With this new funding, M plans to expand into new markets and develop new products to help businesses thrive.
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It was announced today that Austin startup Disco has secured $40 million in debt financing. This brings the company’s total funding to date to $75 million. In addition, Disco 60M raised $40 million and is now worth $235 million. Finally, the Disco 785M was also homologated and is currently being withdrawn. It’s a big day for Disco as it provides significant financial support for its growth plans and continues to set the benchmark for innovation in the dance industry.
Also Read: Austinbased Disco 40m 785m Is Now Known For Its Large-Scale Music
