RunTitle Raises $8MM Round Led by Founders Fund as Oil & Gas Embraces Big Data Funding Comes as Low Oil Prices Open the Door for Disruptive Technology in Oil & Gas Acquisitions and Divestitures

AUSTIN, Texas, Oct. 2, 2015 /PRNewswire/ -- RunTitle, an oil and gas data startup, has closed $8 million in Series A financing led by Founders Fund. Joining in the fundraise were Aubrey McClendon's Deep Fork Capital, existing investor Austin Ventures, and several individuals. The financing gives RunTitle an opportunity to expand amid a crisis-level oil price environment forcing the historically slow-to-change oil and gas industry to seek out innovative data and software solutions. "Oil and gas companies are seeking out ways to maximize efficiency...