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Follow the Money
News on capital raises, mergers and acquisitions, private equity, and grant funding across Dallas-Fort Worth. From early-stage funding to public exits, here’s a look at deals making business news in the region.
Senator John Cornyn (right) discusses national defense and private sector innovation with Christopher Darby, global head of venture investments at Cerberus, during their on-stage conversation at Venture Dallas 2024. [Photo: Grant Miller Photography/Venture Dallas]
Sen. John Cornyn on Defense Process: ‘Open Up More’ to Private Sector Risk and Innovation
by Glenn Hunter | Nov 12, 2024
While there's concern that government is "crowding out" innovation, it's the "smart minds and smart investors who discover the next best thing" that give the U.S. a comparative advantage over adversaries, Texas' senior senator said at the 2024 Venture Dallas summit.
by Lance Murray |
Nov 7, 2024
ECI said the strategic deal expands its industry-specific solutions for homebuilders by adding advanced customer experience management tools and AI-powered platforms, enabling builders to enhance customer satisfaction and streamline operations.
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by Lance Murray |
Nov 7, 2024
Joseph B. Armes, chairman, president, and CEO of CSW Industrials, called the deal "a synergistic acquisition within our existing plumbing end market, where we have opportunity for expansion."
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by Lance Murray |
Nov 6, 2024
Caris said MI Cancer Seek will be used as a companion diagnostic to identify cancer patients who may benefit from treatment with targeted therapies.
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ENGIN-IC wafer development [Photo: ENGIN-IC]
North Texas ‘Fabless’ Semiconductor Company ENGIN‑IC Acquired by MACOM
by Lance Murray | Nov 6, 2024
Focused on the defense industry, Plano-based ENGIN-IC is a fabless semiconductor company that designs advanced Gallium Nitride monolithic microwave integrated circuits and integrated microwave assemblies.
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by Lance Murray |
Nov 5, 2024
Under the deal, MODE Global said it will gain more than 200 employees and add facilities in Pennsylvania, Arizona, Florida, Texas, Illinois, South Carolina, Maryland, and Ontario to its existing national footprint.
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by Lance Murray |
Nov 5, 2024
Germany-based Siemens' industrial software business, Siemens Digital Industries Software, is based in Plano. Its EVP and CFO Timo Nentwich called the acquisition "a major milestone" for the North Texas-based business and its Xcelerator digital twin platform.
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by Lance Murray |
Nov 4, 2024
Thryv—which offers a "do-it-all" small business software platform that empowers small businesses to modernize how they work—said the strategic move signals its commitment to expanding its suite of software offerings and building on its position as a leader in the SMB SaaS space.
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Plant Odyssey Nursery in Kyle, Texas [Photo: PRNewsfoto/Jones Capital, LLC]
Dallas Horticulture Investor Alta Arbor Gets Strategic Investment from Jones Capital
by Lance Murray | Oct 31, 2024
Lance Gurley, managing partner of Alta Arbor, said the partnership has the potential to leverage Jones Capital's resources and expertise to accelerate Alta Arbor's horticulture business-focused growth strategy.
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by Lance Murray |
Oct 31, 2024
The oversubscribed investment round, which included participation from angels and strategic partners, brings a total of $5.25 million in investment to ContraForce. It said it will use the funding to accelerate the release of new product features and invest in sales and marketing in preparation for a future Series A round.
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Dallas-Based Improving Acquires Leniolabs, Boosting Its South American Software Development Services
by Lance Murray |
Oct 31, 2024
Improving said its acquisition of St. Petersburg, Florida-based Leniolabs is expected to increase its annualized revenue to exceed $265 million, while expanding its software development services into South America.
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by Lance Murray |
Oct 30, 2024
With the NCI funding—which follows Piece's $25 million growth financing round announced in September—Pieces will partner with Cleveland-based MetroHealth to deploy a new conversational AI agent for cancer patients called "PiecesChat."
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Photo: Business Wire
North Texas’ Accelerate Infrastructure Opportunities Raises $780M
by Lance Murray | Oct 29, 2024
The capital raise includes a $630 million equity commitment from funds and co-investors managed by CBRE Investment Management. Since Accelerate launched in late 2022, it has acquired interests in more than 200 properties in 38 states under digital, renewable, and transportation infrastructure assets.
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by Lance Murray |
Oct 28, 2024
Plano-based CorroHealth said that current shareholders, including investment funds affiliated with global investment firm Carlyle, TT Capital Partners, Sanaka Group, and CorroHealth management, will remain investors.
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by David Seeley |
Oct 28, 2024
River Central—a planned 400-acre mixed-use development—is slated to spread along the meandering Trinity River through Fort Worth and Grand Prairie south of DFW Airport.
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by Lance Murray |
Oct 24, 2024
TxN 20 recognizes the best and most innovative work in conservation coming from businesses based or operating in Texas. Texan by Nature Founder and former First Lady Laura Bush called the honorees "pioneers, collaborators, and changemakers."
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