Business

 

 

North Texas Companies Make Newsweek’s List of America’s 100 Most Loved Workplaces

by | Oct 22, 2021
Newsweek Magazine just released its first Top 100 Most Loved Workplaces rankings—and some Dallas-Fort Worth companies made the list. Fort Worth-based First Command Financial Services hit the list at No. 19. Dallas-based civil engineering giant Jacobs came in at No. 53. And Plano-based At Home Group followed up at No. 97.
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DI People: Avocados From Mexico, TMGcore, Dallas Capital Bank, Nexstar Media, and More Make Moves
by | Oct 22, 2021
In this week's roundup of hires and promotions in North Texas, you'll also find news from the Arlington Convention & Visitors Bureau, Mohr Capital, OneDay, Darling Ingredients, Argano, Stream Realty Partners, Paladin Partners Commercial Real Estate Services, and Global Integrity Finance.
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Dallas Biopharma ReCode Therapeutics Closes $80M Series B Round to Expand Drug Pipeline for Respiratory Diseases
by | Oct 21, 2021
The funding, which was co-led by Pfizer Ventures and EcoR1 Capital, will help drive ReCode's therapy programs for primary ciliary dyskinesia and cystic fibrosis into human clinical studies.
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Dallas-Based Greyhound Acquired by Germany’s FlixMobility in $78M Deal
by | Oct 21, 2021
Germany-based FlixMobility operates Europe's FlixBus and FlixTrain brands—noted for their cool-factor mix of tech startup, e-commerce, and classic transportation traits.
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Dallas Fintech Names Industry Heavyweights to Advisory Board After Oversubscribed $3.5M Seed Round

by | Oct 20, 2021
Dallas VC-turned-entrepreneur Joe Beard and financier Joel Radtke are innovating debt capital delivery at CollateralEdge.

It's a mission: The founders want to reduce the barriers for businesses to access lower-cost bank financing. By partnering with the banks, the founders can solve problems for all stakeholders with their tech solution that's backed by high-powered capital partners.
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Dallas Invents: 144 Patents Granted for Week of Oct. 5
by | Oct 20, 2021
Dallas-Fort Worth ranked No. 9 for patents out of 250 metros. Patents granted include: Beauty Systems Group's medium for allocating sales commissions, Finch electronics' large vehicle signaling system, Orora Visual TX's apparatus for providing durable plant tags for horticultural organization, Aeris Communications' pair-the-plan system for devices, Avrio Genetics' chemosensory disorder trigger and management system, KidKraft's accordian-fold play structure with easy-up assembly device, and Trustie's methods for determining credibility at scale.
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United Way of Metropolitan Dallas Awards $1M in Health Innovation Technology Prize Funding
by | Oct 19, 2021
Five local winners received up to $200,000 in funding to activate their solutions throughout North Texas.
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Richardson Launches New Office of Innovation & Placemaking Initiatives
by | Oct 19, 2021
The office will focus on redevelopment efforts in priority areas throughout the city—including the West Spring Valley Corridor, the Richardson CORE District (downtown, Richardson Heights and Lockwood), and the recently created Richardson Innovation Quarter, also known as The Richardson IQ.
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Metro Dallas Homeless Alliance Raises $10M for Historic ‘Rapid Rehousing’ Program

by | Oct 18, 2021
The private donations by local companies and foundations are for the Dallas R.E.A.L. Time Rapid Rehousing initiative. Its goal: house more than 2,700 homeless people and families over the next two years. The $10M in private funds will complement $62M in federal funds allocated by local governments and DHA, the North Texas housing authority.
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Plano-Based Toyota North America Will Build a $1.29B Battery Plant in the U.S. Could it Be Coming to Texas?
by | Oct 18, 2021
The battery plant is part of a $3.4B investment Toyota announced today toward developing and localizing automotive battery production in the U.S.—including lithium-ion batteries for EVs.
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Red Bull Racing Show Run Roars Into Downtown Dallas’ Harwood District
by | Oct 15, 2021
Red Bull Racing is revving things up for the Formula 1 Aramco U.S. Grand Prix in Austin on Oct. 24—by holding a "Show Run" tomorrow in downtown Dallas. The four-hour, multi-format event features four rounds of Red Bull Racing car runs on a 640-meter track, plus an exotic car parade, a UT Arlington SAE self-built car run, Moto stunt riding, and more.
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Alphabet Biotech Unit Verily to Open Dallas Operations Hub in Cypress Waters
by | Oct 14, 2021
It's the San Franciso company's first office in Texas. Verily expects to hire as many as 115 employees by the end of 2022.
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The Water Cooler at Pegasus Park Gathers 15 New Tenants for Its Social Impact Hub in Dallas

by | Oct 14, 2021
The Water Cooler at Pegasus Park—the largest shared nonprofit space in Texas — is a place designed to accelerate impact, together.

From Big Thought to SVP Dallas to The Trust for Public Land, the 15 ‘exceptional nonprofits' were picked after an application process last summer. They’ll join Water Cooler's five founding tenants.
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Dallas’ Sole Source Capital Raises $555M for Its Second Industrial-Focused Fund
by | Oct 13, 2021
With the "significantly oversubscribed" fund round, Sole Source now has over $1 billion under management. It's already made investments in three portfolio companies through the new fund: Dallas Plastics, Peak Technologies, and I.D. Images. Founder and CEO David Fredston says his firm's "investment process and commitment to human capital can deliver great results."
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Texas-Based GP Capital Partners Launches $275M Small Business Fund—With a Key Focus on Texas Companies
by | Oct 13, 2021
Structured as a Small Business Investment Company (SBIC) through the U.S. Small Business Administration, the fund aims to fuel the growth of privately held, lower middle market businesses in the southern U.S.—with a particular focus on businesses in Texas and the Gulf Coast.
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Founder capital in Dallas Fort Worth
6 Dallas Private Equity Firms Make Inc.’s ‘Founder-Friendly’ Investor List
by | Oct 13, 2021
The Dallas firms are among 14 Texas shops "that founders will love" on Inc.'s 2021 list of private equity and venture capital firms.

Inc.'s list of 146 founder-friendly investors is its biggest yet.
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