San Antonio-based Dura Software Raises $10 Million in Funding
San Antonio-based Dura Software announced Friday that it has raised $10 million in funding.
The company reported it was the largest round raised in San Antonio this year.
In addition, Dura Software bought 6Connex, based in Pleasanton, Calif. The company makes virtual event software.
Dura Software, founded in 2018, acquires and operates business to business software companies. Previously, in August, Dura Software bought Nordic IT, a software company specializing in enterprise software, based in Denmark. Before that, Dura bought Moki Mobility, a software company based in Utah. Moki makes software that allows companies to convert mobile devices into retail kiosks and securely manage them remotely. Dura Software currently has 15 employees in San Antonio and is hiring, according to a spokesman.
“In just 18 months, Dura has gone from $0 in revenue to among the largest software companies in south Texas,” according to a news release.
Ozone Capital Management, based in Redwood City, Calif., led the round along with private investors from San Antonio and throughout North America.
“The Dura team possesses unique operational capabilities and an extremely successful track record, and we are thrilled that our investment will help Dura grow its footprint in San Antonio for many years to come,” Matt Morris, Managing Partner of OZCM, said in a news release.
As part of the deal, Morris will join Dura Software’s board. The company also added the following board members: Paul Salisbury, CEO of Dura Software, John McGuire, entrepreneur and investor, Bianca Rhodes, CEO of Knight Aerospace, and Michael Girdley, executive chairman of Dura Software.
Dura Software plans to use the funding to acquire new companies, according to a news release.
“We are excited that our vision is resonating well with founders of the companies we acquire, their employees and the investment community,” Salisbury said. “The early success of our SaaS operating model and the excitement we have seen during this round of financing validates that were are on the right track.”