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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.
Joseph Negri, founder and CEO of Evergreen Residential [Photo: LinkedIn]
Dallas’ Evergreen Residential Raises $1 Billion in Capital Commitments
by Lance Murray | Nov 20, 2024
Founded in 2021, institutional real estate investment and operating platform Evergreen also announced a strategic investment from Kuvare Holdings—in the wake of a previous investment from an affiliate of NYC's Prosperity Asset Management.
by David Seeley |
Nov 19, 2024
Ultra audiophile-quality products from McIntosh feature the vacuum tubes of yesteryear updated with the latest technology. But truly hearing that hushed whisper in a Billie Eilish song can set you back—in January, the company debuted a $1 million sound system at CES 2024.
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by Lance Murray |
Nov 18, 2024
Alva Health is developing a device that uses noninvasive wearables and AI/ML algorithms to monitor the onset of stroke symptoms and immediately initiate emergency calls. Its wearable solution detects hemiparesis, a hallmark of stroke onset.
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by Lance Murray |
Nov 18, 2024
More than 120 women-owned, newly-founded Texas businesses entered this year's eosera Foundation Pitch Competition. Three finalists competed for the top prize Nov. 12 in front of a panel of judges at the Kimbell Art Museum—including a Euless-based chronic pain relief startup and a gluten-free Dallas e-commerce bakery.
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ATI President and CEO Kimberly Fields [Photo: ATI]
ATI Sells Its Precision Rolled Strip Operations to Ulbrich, Sharpening its Aerospace Focus
by Lance Murray | Nov 13, 2024
Connecticut-based Ulbrich Stainless Steels and Special Metals said the ATI operations located in Massachusetts and Germany, which specialize in "quality products in niche markets," are good fits with Ulbrich's business strategy.
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by Lance Murray |
Nov 13, 2024
Divi is an award-winning brand with clean, science-backed products founded by entrepreneur and three-time Forbes Top Creator Dani Austin. With the new funding, Divi aims to scale its brand "to a household name," the startup said.
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by Lance Murray |
Nov 13, 2024
Boosting its Innovation Fund grant program, McKinney EDC is now offering non-diluted capital of up to $200K for qualifying early-stage startups—and up to half a million dollars in support for established or relocating later-stage startups who set up their HQs in the city.
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by Lance Murray |
Nov 12, 2024
Conflixis said the funding will advance its mission to improve the healthcare ecosystem by ensuring every financial relationship is known, contextualized, and its influence on procurement, operational, and medical decisions understood.
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L to R: Trevor Gruenewald, CEO of ECI Software Solutions, and Aaron Everson, CEO of Avid Ratings [Photos: ECI/Avid]
North Texas’ ECI Software Solutions Acquires Avid Ratings, Expanding Its Homebuilder Solutions
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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by Lance Murray |
Nov 6, 2024
Spectral AI, which focuses on medical diagnostics for faster and more accurate treatment decisions in wound care, said the spinoff aligns with its strategy to maximize shareholder value by fostering growth in its Spectral IP subsidiary. The spinoff will be renamed SIM IP and will be headquartered in Miami.
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Lance Malesh, president and CEO of Mode Global [Photos: Linkedin/Jillamy]
Dallas-Based MODE Global Acquires Jillamy’s Freight Brokerage Division
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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by David Seeley |
Nov 1, 2024
Founded in 2022, financial services firm Strive announced its relocation from Columbus, Ohio, to Dallas along with today's launch of its new wealth management business. Governor Greg Abbott cited the move as one more reason that "Y'all Street is growing rapidly in Dallas."
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