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Austin Ventures Invests $20 Million More In Casella’s Asset International

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Austin Ventures has invested about $20 million more in Asset International, the B2B online/print financial information provider headed by Jim Casella, the former CEO of Reed Business U.S. The company confirmed the new funding to me, after an SEC filing on it came out yesterday. This is in addition to the funding AV put in it late last year, which wasn’t disclosed but was from the $50 million it committed to the platform in 2007, when it first teamed up with Casella. He had been working with Austin as an entrepreneur in residence of sorts for two years, and took over as CEO of AI after AV bought it. AI has since acquired London-based financial online and magazine publisher The Trade, announced last week. We also understand it is close to announcing another acquisition of a data/analytics company, also in the financial services sector, and looking to acquire more.