15 investors back Austin software firm, filing shows
Dec 18, 2013
Austin Business Journal
Software maker Datical Inc. completed a regulatory filing that provided additional details about the $3 million Series A round of funding the company announced earlier this week
Austin-based Datical collected the capital from 15 investors. Also, its most recent funding was $2.3 million of a $4 million goal, according to a Tuesday filing with the U.S. Securities and Exchange Commission
Datical, which developed a tool designed to manage databases, was started in 2012 and came out of stealth mode in October. It was launched by local entrepreneurs Robert Reeves, Daniel Nelson and Pete Pickerill. The trio’s previous business, Austin-based Phurnace Software Inc., was acquired in 2009 by Houston-based BMC Software Inc.
On Monday, Datical executives said investors included the Houston-based Mercury Fund and Austin Ventures LP. The capital will be used to expand Datical’s development and marketing