Thursday, September 5, 2013

RunTitle Digs Up $4M

Austin-based startup RunTitle, an online marketplace for reports on oil, gas, and mineral rights, has raised $4M in a funding round, the company said this morning. The firm said the Series A funding was led by Austin Ventures. RunTitle offers up mineral ownership reports nationwide, helping oil, gas, and mineral owners access hard-to-find information normally locked in county courthouses and private databases. The company said the new funding will go to grow its title inventory, invest in its product and distribution, and increase awareness of its product for the oil and gas industry. RunTitle is led by Reid Calhoon.