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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.
The DEC Network Plans $2.1M Entrepreneurial Innovation Center at The Shops at RedBird
by Lance Murray | May 22, 2023
The DEC Network is about to celebrate its 10th anniversary as a nonprofit entrepreneurship ecosystem builder in Dallas-Fort Worth. But instead of just throwing a party, it's launching even more innovation hubs to help entrepreneurs start, build, and grow their businesses—including The DEC's new RedBird Innovation Center. Besides housing The DEC's HQ, it will offer co-working space, provide business incubation, accelerator programs, podcasting rooms, an event space, and more.
by Lance Murray |
May 17, 2023
The grant from the National Heart, Lung, and Blood Institute will fund a first-in-human Phase 1 clinical trial of a new generation of immunotherapies. This is the fourth NIH grant AyuVis has received since its founding in 2014, doubling total non-dilutive funding to $4.2 million. Co-Founder and CEO Dr. Suchismita Acharya calls the move to a human trial "a huge milestone for AyuVis."
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by Lance Murray |
May 16, 2023
Both banks will now operate under the Harmony Bank name. The new Harmony Bank has more than $700 million in assets with 11 banking centers in Dallas, Ellis, Henderson, Kaufman and Navarro counties.
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‘Supercharging’ Innovation: U.S. Department of Commerce Launches $500M Tech Hubs Funding Opportunity
by Quincy Preston |
May 16, 2023
The DOC's Economic Development Administration is kickstarting its Tech Hubs program—part of last year's $10 billion CHIPS and Science Act—to ignite innovation in regions across the nation. Phase 1 of the application process is open. Groups of organizations, called consortia, are invited to make their mark. Tune into a webinar on May 18 to dive deeper into the possibilities.
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The company says the new capital will be invested in programs that focus on innovation and continued delivery of high-quality kidney care—both in clinic and at home—as well as the continued professional development of care teams.
Plano-Based U.S. Renal Care Announces $328M Capital Raise to Accelerate Growth
by Lance Murray | May 15, 2023
The company says the new capital will be invested in programs that focus on innovation and continued delivery of high-quality kidney care—both in clinic and at home—as well as the continued professional development of care teams.
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by Lance Murray |
May 15, 2023
Pearl manages roughly $1.9 billion of cumulative capital commitments across a series of energy-focused funds. Its newest fund, which was raised from "a diverse group of existing and new investors," represents the largest investment vehicle in Pearl’s history.
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by Lance Murray |
May 15, 2023
New York City-based Angelo Gordon is a $73 billion alternative investment firm focused on credit and real estate investing. In 2022, it was part of a partnership that acquired the former Richards Group headquarters building in Uptown Dallas, which has since been renamed One West Village.
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by Lance Murray |
May 12, 2023
Ashland Greene is a vertically integrated real estate firm that has transacted over $1 billion in assets and more than 6,100 units in the Dallas-Fort Worth area. Plans for its new fund include capital investments of roughly $11 million, the firm said.
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UT Dallas received $40 million from the Harry W. Bass Jr. Foundation that will create new opportunities for students, faculty and the broader community. In recognition of the gift, the School of Arts, Humanities, and Technology, is now the Harry W. Bass Jr. School of Arts, Humanities, and Technology. [Photo: UTD]
UT Dallas Arts School Gets New Name with $40M Bass Foundation Gift
by Lance Murray | May 9, 2023
The School of Arts, Humanities, and Technology at the University of Texas at Dallas will now be called the Harry W. Bass Jr. School of Arts, Humanities, and Technology following a $40 million gift to the university from the Harry W. Bass Jr. Foundation. “The impact of this gift cannot be overstated,” says Bass School Dean Dr. Nils Roemer.
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by Lance Murray |
May 9, 2023
Founded in 2008, Managed Lab Services delivers cutting-edge laboratory support solutions to keep labs operating optimally, including vendor-managed inventory, lab support, project management, and IT operations. Flagship said it also recently acquired Biotechnical Services, an independent lab services company that specializes in lab equipment repair, calibration, and maintenance.
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by Lance Murray |
May 8, 2023
From its scrappy beginnings in Texas in 2007, MB2 Dental has grown into a nationwide network of over 550 practices across 38 states. The organization's doctor partners are also shareholders, giving them financial freedom and a say in decision-making for patient care. With a record-breaking $20M fundraising round and a new $150M debt facility, the DPO is poised for more growth.
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by David Seeley |
May 5, 2023
Hypergiant Galactic Systems Founder and Board Member Ben Lamm—who's also the co-founder and CEO of Texas-based Colossal Biosciences—tweeted out six rocket emojis to congratulate the Hypergiant team.
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[Image: Saklakova/istockphoto]
AT&T and DFW Airport Wireless Partnership To Take Off: Private 5G Network, Public Wi-Fi Upgrades Included
by Lance Murray | May 4, 2023
A new enhanced wireless platform will improve service for those who are leaving on a jet plane or working at Dallas Fort Worth International Airport.
DFW Airport announced a new partnership with Dallas-based AT&T to provide the airport with a comprehensive wireless platform (CWP) to enhance connectivity and critical infrastructure. AT&T will invest $10 million in upgrades. ...
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by Lance Murray |
May 3, 2023
Improving, a Dallas-based modern digital services company, has acquired Jump Analytics, a technology firm specializing in advanced analytics and corporate performance management, with offices throughout Canada. Improving said the transaction is expected to increase its annualized revenue exceeding $290 million and will further its geographic reach throughout North America.
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by Lance Murray |
May 2, 2023
As telcos around the world make the shift from hardware-based to software-based networks, Richardson-based Mavenir is leading the charge toward this major industry transformation. President and CEO Pardeep Kohli says the new capital “will allow us to accelerate our capabilities in automation, sustainability, and use of AI as we enable our customers to efficiently deploy and operate Open RAN based end-to-end cloud-native networks."
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by Lance Murray |
Apr 28, 2023
Addison-based Stealth Monitoring has acquired Caliber Communications and Syncro Monitoring (collectively called Caliber), further expanding its capabilities as a leader in technology-driven commercial video surveillance.
Stealth and Caliber, based in Stoney Creek, Ontario, are both leading video surveillance businesses focused on designing, installing, and providing proactive remote video monitoring solutions and related services to commercial, construction, financial, industrial, real estate, retail, transportation, and logistics, and utility businesses throughout the United States and Canada....
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