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Business
Photo: NaturalShrimp
Jumbo (Shrimp) Deal: Dallas’ NaturalShrimp Set to Hit Nasdaq with Expected $275M Valuation
by Kevin Cummings | Oct 26, 2022
Dallas-based NaturalShrimp doesn't need to set sail for its Pacific white shrimp—it farm-raises them at large production facilities outside San Antonio and in Iowa, using proprietary aquaculture technology that can produce a “crop” of shrimp weekly. With an even bigger facility in Florida on the way, NaturalShrimp is set to hit the Nasdaq via a SPAC merger that could net it $105M in cash.
Its CEO says the move has "the potential to significantly accelerate our efforts for commercialization and the ramp up of production of our fresh, land-based gourmet-grade shrimp at the largest indoor farming facilities in the U.S."
by Lance Murray |
Oct 26, 2022
Frisco-based MAX, a tech marketing company that powers brand and music partnerships, raised $6 million in 2017. A new round led by Interlock Partners will help fund the development of SET.Live. The new platform lets artists engage with fans at live shows while creating unique sponsorable assets for brands like Ford, McDonald's, and more.
“This investment allows MAX to continue fulfilling its mission to automate and digitize artist sponsorships and create a new marketplace for the creator economy,” says CEO and founder Nathan Hanks.
“This investment allows MAX to continue fulfilling its mission to automate and digitize artist sponsorships and create a new marketplace for the creator economy,” says CEO and founder Nathan Hanks.
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by Quincy Preston |
Oct 26, 2022
Charmaine Tang, who most recently was a senior client strategist at BNY Mellon, is the first "boots on the ground" in the U.S. for Zurich-based ORCA AG. Founded in 2017, the Swiss software and services firm offers an SaaS platform with solutions from wealth structuring to tax, compliance, succession planning, and more.
"My #1 focus is on growing the U.S. market," Tang told Dallas Innovates, noting that ORCA views North Texas "as a super high-growth metro market" for her company's software and services.
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by David Seeley |
Oct 26, 2022
Topgolf has 70 driving range game venues as far-flung as Germany, Australia, and Dubai. But now it's launched a mobile game you can play anywhere. "Shankstars" features a club-wielding UFO alien, a Tee-Wrex skeleton, a punk goddess, mermaid, and more playing on courses strewn with volcanos, pyramids, and giant waterfall-spewing skulls.
"Shankstars is a perfect example of how we're focused on enabling more people to have fun and enjoy the game of golf in their own way," says Topgolf CEO Artie Starrs.
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![R.A. Session II, president, CEO, and founder of Taysha Gene Therapies [Background image: Olena Yepifanova via iStock]](https://s24806.pcdn.co/wp-content/uploads/2020/04/TayshaGene-Session-970-1-940x436.jpg)
R.A. Session II, president, CEO, and founder of Taysha Gene Therapies [Background image: Olena Yepifanova via iStock]
Taysha Gene Therapies Lands $50M Investment from Japanese Firm to Fight Rare Diseases
by Kevin Cummings | Oct 25, 2022
The investment by Tokyo-based Astellas Pharma gives it a 15% stake in Taysha and positions it to potentially purchase the company, according to the Dallas Morning News. The Dallas-based biotech firm's pipeline includes the "first-and-only" gene therapy in clinical development for Rett syndrome and a Phase 1/2 development of a treatment for an inherited nervous system disorder that's awaiting regulatory feedback.
“We believe this investment not only further validates the potential of our technology platform, but also reinforces the therapeutic and market opportunity of our two lead clinical assets,” Founder and CEO R.A. Session II says.
“We believe this investment not only further validates the potential of our technology platform, but also reinforces the therapeutic and market opportunity of our two lead clinical assets,” Founder and CEO R.A. Session II says.
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by Kevin Cummings |
Oct 25, 2022
The Dallas-based venture development firm—which specializes in the commercialization of technology it acquires from Fortune 100 companies—has launched Almaden Genomics, a company with a newly released platform designed to streamline genomic workflows. Formerly part of IBM Research before its acquisition by Catalyze Dallas, Almaden calls its g.nome platform "a revolutionary approach to bioinformatics."
“The possibilities for the healthcare innovation it can power are as vast as they are life-changing," says Mark Kunitomi, Almaden's chief scientific officer.
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by David Seeley |
Oct 25, 2022
McKinney's Wistron GreenTech has partnered with New Jersey-based Princeton NuEnergy on a lithium-Ion battery direct recycling pilot production line, which officially opened in McKinney today. PNE founder Dr. Yan Chao calls it a "powerful next step" in a vision for covering a nationwide close-loop recycling supply chain for the batteries.
The line will use PNE's patented process to recycle everything from phone batteries to full EV battery packs.
The line will use PNE's patented process to recycle everything from phone batteries to full EV battery packs.
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by David Seeley |
Oct 25, 2022
Centurion plans to build "larger residential lots" on the ranch where J.R., Sue Ellen, and Bobby of the hit TV series "Dallas" once roamed. But it will preserve the show's landmark mansion, the company said.
“Southfork Ranch is one of the most important and beloved parcels of land in the metroplex with more than 400,000 visitors each year, and we’re proud to lead the team bringing it into its next evolution," said Centurion CEO Mehrdad Moayedi.
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[Photo: michaeljung/istockphoto]
New Workshops Help Plano ISD Parents Learn to Save for Success
by Capital One | Oct 25, 2022
Plano ISD partners with Capital One for the Savings Success program to take some of the myths out of money and turn them into financial facts.
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sponsored by Capital One
by David Seeley |
Oct 24, 2022
Southern Gateway Park, a planned $172 million, five-acre deck park over I-35 by the Dallas Zoo—just reached a big milestone. TxDOT has completed the foundation deck for Phase 1 of the deck park (seen in the right half of the image above). The park will literally and figuratively reconnect the Oak Cliff neighborhood that was divided by I-35 in the 1950s.
The park promises to be an engineering marvel with five acres of wooded slopes, water features, rocky escarpments, a restaurant/retail complex hidden under a hilltop, and one of the most awesome kids' playgrounds in North Texas. But its greatest achievement may be to make Oak Cliff whole again—and to bring all of Dallas together.
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by Kevin Cummings |
Oct 24, 2022
Pond Robinson specializes in construction and architectural consulting from its offices in Dallas, Houston, Atlanta, and Tampa. With the investment, it becomes the fourth company in Dallas-based Coltala's portfolio, joining MyFitnessStore.com, Choice Health at Home, and home services and repair firm Trüdela Partners.
While terms weren't disclosed, Coltala says it focuses on majority-control investments with transaction sizes between $30 million and $100 million.
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by Dallas Innovates | Staff Report |
Oct 24, 2022
Bonding tech is booming in hair care, Sally Beauty notes, but the category is often "premium priced." Sally wants to bridge that gap in care for damaged hair. Its four-step bondbar system leverages technology that impacts the chemical bonds within human hair.
"It was crucial for us to deliver a product that truly delivers on its promise to strengthen and repair damaged hair at an accessible price point" says Steve Chattin, VP of global product development at Sally Beauty.
"It was crucial for us to deliver a product that truly delivers on its promise to strengthen and repair damaged hair at an accessible price point" says Steve Chattin, VP of global product development at Sally Beauty.
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James Beard Award nominated hospitality industry veterans and husband-wife business partners, Elizabeth Blau and Chef Kim Canteenwalla [Courtesy photo]
New Spin: Concept Restaurant Crown Block Set for Spring Opening Atop Reunion Tower
by Lance Murray | Oct 22, 2022
The James Beard Award-nominated hospitality industry veterans behind the concept are aiming for a restaurant as iconic as The Ball itself. Crown Block will serve steak, seafood, and plant-based cuisine —along with spectacular Dallas skyline views and curated cocktails. Hunt Realty Investments says it fills the void left when celebrity chef Wolfgang Puck shuttered his Five Sixty restaurant in the pandemic.
Unlike its predecessors, the 18th-floor restaurant won't spin. That makes the 17th-floor private event space even more special—party planners can request rotation when booking.
Unlike its predecessors, the 18th-floor restaurant won't spin. That makes the 17th-floor private event space even more special—party planners can request rotation when booking.
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by Dallas Innovates | Staff Report |
Oct 21, 2022
The next time you see Luka Doncic slam home a dunk at a Dallas Mavericks game, he'll be doing more than helping his team win in the new NBA season. He'll also be scoring $50 to help create opportunities for young adults across Dallas-Fort Worth.
TIAA and the Mavericks are teaming up on Dunks for Equity, a program supporting educational and professional equity for all.
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by Lance Murray |
Oct 21, 2022
In this week’s roundup of hires, promotions, and accolades in North Texas, you’ll also find news from Advent International, Stellar, Stream Realty Partners, The Citizenry, Sabre Corp., SB Architects, and others.
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by Dallas Innovates | Staff Report |
Oct 20, 2022
Hong has received the Established Investigator Award from the American Heart Association, receiving $400,000 in research funding support for five years. The award is given to established investigators in rapid growth phases of their careers, whose accomplishments continue to show promise.
Hong's promise centers around his research on new "bioactive materials" to mimic the natural state of a body for heart research. That's important because cardiovascular disease remains the world's No.1 killer in the world, claiming nearly 18 million lives per year, UT Arlington says.
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