Funding & Acquisitions Roundup: TrueAbility raises $2M to help companies measure potential employees’ technical knowledge

By Editor July 29, 2013

By Brian Kovalesky, StartUp Beat Editor

Today’s early-stage startup funding and acquisitions news:

San Antonio, Texas-based TrueAbility has closed a $2 million Series A funding round from Austin Ventures and Cloud Power Seed Fund 2013. The startup is focused on helping recruiters evaluate the technical skills of potential employees through a cloud-based assessment. Its founders are a group of former employees of enterprise web host Rackspace. TrueAbility previously secured $750,000 in a Seed round in January, after debuting as a TechStars graduate.

Vital Stats:


HQ: San Antonio, Texas

Founders: Marcus Robertson (CTO), Dusty Jones (Chief Architect), Luke Owen (CEO), Frederick Mendler (COO)

Year Founded: 2013

Series A Investors: Austin Ventures, Cloud Power Seed Fund 2013

Innovation: A cloud-based platform for evaluating the technical skill of potential employees.

Total Funding: $2.75 million

(Sources: TrueAbility, VentureBeat)

More funding and acquisitions news…

Jifiti Raises $2.5 Million For Gifting App Which Combines Thoughtful Shopping With The Convenience Of A Gift Card (via TechCrunch)

Kiwi Partners with Sequoia, Closes $9 Million in Funding to Build Mobile Entertainment Business (via company press release)

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