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Top Austin Startups to Watch (and Work for) in 2023

July 15, 2023
      |      Kieran Ryan
Wall with Austin written in graffiti

My Background

Hi, I'm Kieran! I worked in startups for five years at On Deck and Wefunder. Some of my favorite things that I've worked on during my career include:

  • Wefunder Workaway: 12 founders working on a new idea, 7 days, 1 mansion in Hawaii. One of the teams we picked raised a Series A from Andreessen Horowitz, and two people who met during the trip got married...
  • On Deck: As employee #15, I contributed to the startup's growth from no revenue to a $20 million run rate in less than a year. I led the team that built the admission infrastructure to support and scale ~20 fellowships for founders, capital allocators, operators, and creators.
  • XX: Worked on a pre-YC accelerator program that invested $125K on an MFN SAFE into 8-10 teams per cohort.
  • ODX: Worked on a $100 million accelerator program that invested $125K for 7% into 100s of startups. We partnered with leaders like Flexport to build vertical industry tracks around supply chain & logistics, etc.
  • Ryan Marketing: Created an influencer marketing startup (2 million+ Instagram followers) during college with my twin brother and realized early that monetization for creators was broken. I learned a lot, and it paid enough to cover my schooling, rent, and meals.

The Methodology

I considered several data points to arrive at the startups selected on this list, including company traction, funding raised, valuation, and investors. From my initial list, I then referenced each startup with my personal network to narrow down the list to the one you see below. I take my credibility seriously, so I do not take any money from startups who want to be included on this list to remain impartial. If you want to understand my analysis of startups and prefer long-form content, read my research on the top startups of 2023 afterward.

Black and white earth globe

Wander

Find your happy place.

Headquarters

Austin, Texas

Industry

Travel

Founded

2021

Funding

$32 million

Valuation

Undisclosed

Traction

  • In July 2023, Wander crossed 5,000 nights booked on the platform.
  • In October 2022, Wander crossed 100,000 registered accounts on its platform.
  • As of March 2023, Wander has 15 properties across the United States.
  • Since launching its first property in February 2022, Wander customers have booked 2,000+ nights with a 94.6% satisfaction rating.
Shipwell Logo

Shipwell

Transformation management system platform.

Headquarters

Austin, Texas

Industry

Supply Chain & Logistics

Founded

2016

Funding

$47 million

Valuation

Undisclosed

Traction

  • In 2020, Shipwell’s SaaS revenue increased by 193%, monthly revenue growth grew by 90%, and funds under management grew by 3x to $120 million+.
  • In 2021, Shipwell increased mid-market customers by 68% YoY and a 4.7/5 customer rating.
Jasper Logo

Jasper

AI copywriter.

Headquarters

Austin, Texas

Industry

Artificial Intelligence (AI)

Founded

2021

Funding

$131 million

Valuation

$1.5 billion

Traction

  • Jasper surpassed 100,000 paying subscribers. Jasper’s customers include marketing teams at Hubspot, Autodesk, Airbnb, Keller Williams, iHeartMedia, and Going.
  • Jasper has 10,000 reviews with an average rating of 4.8/5 stars across G2, Trustpilot, and Capterra.

Outdoor Voices Logo

Outdoor Voices

Technical apparel for recreation.

Headquarters

Austin, Texas

Industry

DTC, Clothing

Founded

2013

Funding

$64.4 million

Valuation

Undisclosed

Traction

  • As of June 2023, Outdoor Voices has 496K Instagram followers, 133K Facebook followers, and 15.1K TikTok followers.
  • As of August 2022, Outdoor Voices reported projected sales of $90 million for 2022, up from $40 million pre-pandemic, with a 30% compound annual growth rate since 2017.
Mach Industries Logo

Mach Industries

Transforming the world of defense with hydrogen.

Headquarters

Austin, Texas

Industry

Defense, Hardware

Founded

2022

Funding

$5.7 million

Valuation

Undisclosed

Traction

  • Mach Industries is currently building a suite of oxyhydrogen defense platforms.
Ownwell Logo

Ownwell

Save money on your property taxes.

Headquarters

Austin, Texas

Industry

Consumer, Real Estate

Founded

2020

Funding

$7.5 million

Valuation

Undisclosed

Traction

  • As of May 2022, Ownwell’s customer base has grown 40x in the last nine months.
  • As of May 2023, Ownwell claims 86% of customers save money and save an average of $1,148.
  • As of May 2023, Ownwell operates in six states: Texas, Illinois, Florida, Georgia, California, and Washington.
Serenity Kids Logo

Serenity Kids

Baby food company.

Headquarters

Austin, Texas

Industry

Food & Beverage, DTC

Founded

2016

Funding

$11.5 million

Valuation

Undisclosed

Traction

  • As of June 2023, Serenity Kids has rated 5/5 stars from 5,020 reviews on its website.
  • In 2020, Serenity Kids doubled its revenue over the previous year.
  • As of June 2021, Serenity Kids was on pace to increase its revenue by 150% over 2020.
Pocket Worlds Logo

Pocket Worlds

The future of social interaction, experience, and connection.

Headquarters

Austin, Texas

Industry

Gaming

Founded

2013

Funding

$7 million

Valuation

Undisclosed

Traction

  • As of July 2023, Pocket Worlds has 10 million+ users (up from 7 million in January 2021), 35,000+ unique items, and 15 million+ user-generated rooms.
  • As of July 2023, Pocket Worlds’ metaverse life world, Highrise, has rated 4.6/5 stars from 118.9K reviews on the Apple App Store and 4.3/5 stars from 200K reviews on the Google Play Store.
  • As of January 2021, Pocket Worlds reported 30% of active users were trading ideas, resulting in 50,000+ transactions daily.
  • In 2020, Pocket Worlds reported 6x revenue growth over 2019.
Disclo Logo

Disclo

The new standard for reasonable accommodations.

Headquarters

Austin, Texas

Industry

Healthcare

Founded

2019

Funding

$6.5 million

Valuation

Undisclosed

Traction

  • In February 2023, Disclo closed a $5 million seed round led by General Catalyst.
  • Disclo participated in the Y Combinator S22 batch.
Howdy Logo

Howdy

Helping companies hire product-oriented developers.

Headquarters

Austin, Texas

Industry

Recruiting

Founded

2018

Funding

$21 million

Valuation

$105 million

Traction

  • Howdy reported 246% YoY growth in 2022 over 2021.
  • As of July 2023, Howdy customers include Vanta, Zest, Eden, Goodfin, JupiterOne, Kojo, Measured, Ojolabs, Simspace, and Sprout.
Tank Payments Logo

Tank Payments

Helping truckers get paid faster.

Headquarters

Austin, Texas

Industry

Fintech

Founded

2022

Funding

Undisclosed

Valuation

Undisclosed

Traction

  • Tank Payments was part of the YC S22 class.
Fetii Logo

Fetii

On-demand group rideshare.

Headquarters

Austin, Texas

Industry

Mobility & Transportation

Founded

2020

Funding

Undisclosed

Valuation

Undisclosed

Traction

  • As of July 2023, Fetii has transported 800,000+ passengers.
  • As of July 2023, Fetii has rated 4.4/5 stars from 249 Apple App Store reviews and 3.3/5 stars from 18 Google Play Store reviews.
Arintra Logo

Arintra

Autonomous medical coding.

Headquarters

Austin, Texas

Industry

Healthcare

Founded

2020

Funding

Undisclosed

Valuation

Undisclosed

Traction

  • As of July 2023, Arintra has 200+ daily users comprised of doctors across different organizations and processes 30,000+ patient visits monthly.
  • As of July 2023, Arintra reported a 16% increase in collections, a 20% reduction in claim denials, a 6x increase in claims per hour, a 96% accuracy, and 50,000+ hours saved from coding for doctors.
Reliance Health Logo

Reliance Health

Making healthcare in emerging markets affordable and accessible.

Headquarters

Austin, Texas

Industry

Healthcare

Founded

2016

Funding

$48.3 million

Valuation

Undisclosed

Traction

  • As of July 2023, Reliance Health has 200,000+ enrollees, 15 clinics, 2,300+ providers, 1,200+ businesses, 2 countries, and 50,000+ downloads.
Keeper Logo

Keeper

Software for bookkeepers.

Headquarters

Austin, Texas

Industry

Fintech

Founded

2020

Funding

$2.1 million

Valuation

Undisclosed

Traction

  • As of July 2023, Keeper has thousands of customers, including Lionshare Bookkeeping, Sawtooth Financial, Sound Accounts Bookkeeping & Payroll, Go Bookkeeping, Upstream Bookkeeping, and Strategic Bookkeeping solutions.
  • As of July 2023, Keeper has rated 5/5 stars from 33 G2 reviews.
Method Financial Logo

Method Financial

The easiest way to pay your users’ debts.

Headquarters

Austin, Texas

Industry

Fintech

Founded

2021

Funding

$18.5 million

Valuation

Undisclosed

Traction

  • As of January 2023, Method Financial has 45 customers, 100,000+ end-to-end users, $2.25 million in annual recurring revenue, connects $2 billion in consumer debt, and processes $50 million+ in debt and bill payments.
  • As of January 2023, Method Financial reported 40% MoM payment volume growth.
  • Method Financial customers include Reach Financial, Gauss Money, Relief, WithClutch, and Spritz.
UpEquity Logo

UpEquity

Buy your next home before you sell.

Headquarters

Austin, Texas

Industry

Real Estate

Founded

2019

Funding

$76.7 million

Valuation

Undisclosed

Traction

  • As of July 2023, UpEquity has rated 4.8/5 stars from 239 Google reviews.
  • In October 2021, UpEquity reported 500% YoY revenue and transaction volume growth.
Flo Recruit Logo

Flo Recruit

Your competitive edge in legal recruiting.

Headquarters

Austin, Texas

Industry

Legal, Recruiting

Founded

2019

Funding

$3.3 million

Valuation

Undisclosed

Traction

  • As of July 2023, Flo Recruit has 85+ big law and midsize law firm clients and 80+ law school clients, including all of the T14, which accounts for 45%+ of the AmLaw 100 Law Firms and 60%+ Top 100 US Law Schools.
  • Flo Recruit customers include Perkins Coie, Vinson & Elkins, Akin Gump Strauss Hauer & Feld, Waller, Brooklyn Law School, and Kramer Levin.
Skyways Logo

Skyways

Autonomous transportation built on AI.

Headquarters

Austin, Texas

Industry

Mobility & Transportation, Drones

Founded

2017

Funding

$16.1 million

Valuation

Undisclosed

Traction

  • As of July 2023, Skyways has three cargo aircraft in production, Skyways V2.2 Electric, Skyways V2.5 Hybrid-Electric, and Skyways V2.6 Hybrid-Electric.
Airthium Logo

Airthium

A breakthrough engine to replace fossil fuels.

Headquarters

Austin, Texas

Industry

Climate

Founded

2016

Funding

$2.1 million

Valuation

$20 million

Traction

  • As of July 2023, Airthium has a room-temperature heat pump prototype and is building the first 550°C (1022 °F) prototype for 2023.
Biodock Logo

Biodock

Making deep AI easy to train on biological images.

Headquarters

Austin, Texas

Industry

Biotech, Artificial Intelligence (AI)

Founded

2020

Funding

$2.1 million

Valuation

Undisclosed

Traction

  • As of March 2021, scientists at 100+ organizations use Biodock, including Vaxxas, Genentech, CSL Behring, PIC Therapeutics, Dewpoint Therapeutics, and Arvinas.
  • As of March 2021, Biodock reports its modules are 50% more accurate than other software solutions.
Covie Logo

Covie

Insurance data simplified.

Headquarters

Austin, Texas

Industry

Insurance

Founded

2020

Funding

$4.2 million

Valuation

Undisclosed

Traction

  • Covie was part of the YC S21 class.
Legion Health Logo

Legion Health

Reimagining mental health.

Headquarters

Austin, Texas

Industry

Healthcare

Founded

2021

Funding

$2 million

Valuation

Undisclosed

Traction

  • As of March 2022, Legion Health had 800+ mental health professionals on the platform across all 50 states.
Verifiable Logo

Verifiable

Medical credentialing and provider network service.

Headquarters

Austin, Texas

Industry

Healthcare

Founded

2020

Funding

$47 million

Valuation

Undisclosed

Traction

  • As of July 2023, Verifiable has performed 13 million unique primary source verifications and has 3,200+ automated primary source verification types available.
  • As of July 2023, Verifiable monitors 300,000+ providers.
  • As of July 2023, Verifiable has hundreds of customers, including Babylon, Spring Health, Grow Therapy, Lyra, Zeel, Cityblock, Marvin, Modern Health, and Ophelia.
  • From July 2022 to July 2023, Verifiable reported 3x revenue growth and 2x customer growth.

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