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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.
Virtual Meeting Platform Scoot Emerges from Preciate Rebrand, Secures $12M in Funding
by Lance Murray | Feb 22, 2023
"Scoot is a fun name, and it reflects the energy our product brings into meetings," founder and CEO Ed Stevens said. The dynamic virtual meeting startup will use the funding for product development and scalability to serve "a growing set of global customers."
by Glenn Hunter |
Feb 22, 2023
The Dallas-based startup’s “conversational analytics platform” for interviewing and hiring gets an investment boost from the former co-CEO at Warburg Pincus. HireLogic’s platform uses AI to listen to in-person or remote job-candidate interviews and provide transcribed, “smart” synopses of the conversations.
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by David Seeley |
Feb 21, 2023
The Dallas Museum of Art is planning a major $150-$175 million expansion that will add flexible gallery spaces, reorganized entrances and circulation, and a reapportioned interior. But first all that needs to be designed. So the DMA has launched a Reimagining the Dallas Museum of Art International Design Competition. “This is a pivotal moment for the DMA," says its director, Dr. Agustín Arteaga.
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by Glenn Hunter |
Feb 21, 2023
NBA legend Michael Jordan turned 60 on February 17. To mark the occasion, Jordan and Jordan Brand awarded Beyond the Ball and 47 other U.S. nonprofits a total of $2.3 million in grants. Beyond the Ball aims to prepare Gen Z youth of color to “innovate, lead, and change the world” through STEM, career exploration, and sports intelligence. Its founder and CEO, Erica Molett, says the grant "will enable us to take our youth programming to the next level."
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Last year, Highlander Partners acquired another drone defense company, Liteye Systems [Photo: Liteye]
Dallas’ Highlander Partners Acquires Idaho Drone Defense Company
by Lance Murray | Feb 16, 2023
Dallas-based private investment firm Highlander Partners has acquired Black Sage Technologies, a provider of drone defense systems and technologies, from Acorn Growth Companies, a private equity firm exclusively investing in aerospace, defense, intelligence, and space.
Idaho-based Black Sage Technologies is a leader in the C-UAS market, providing cutting-edge solutions to defend against drone threats in both military and commercial environments....
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by Lance Murray |
Feb 16, 2023
Middle Market private equity firm Pharos Capital Group has sold its majority stake in portfolio company MOTION PT Group to Confluent Health.
Pharos is headquartered in Dallas and Nashville. No financial details were disclosed.
MOTION is a physical therapy, occupational therapy, and speech therapy company with 59 clinic locations across Connecticut, Maryland, Massachusetts, and New York....
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by Lance Murray |
Feb 15, 2023
Dallas-based Financial Strategies Acquisition Corp. has acquired Texas-based preclinical pharmaceutical company Austin Biosciences Corp.
Financial Strategies is a special purpose acquisition company led by CEO Alexander V. Schinzing. It said that upon the deal’s closing, Austin Biosciences will become a wholly owned subsidiary of the company.
Earlier this month, Financial Strategies announced that its board approved an extension of the period of time available to consummate the deal by one month from Feb....
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by David Seeley |
Feb 15, 2023
The Dallas-based diversity, equity, inclusion, and belonging tech startup raised the $5 million in a round led by Seyen Capital, adding to $5.5 million previously raised by the startup. A new EVP and five VPs have been added to Kanarys' senior leadership team, which plans to use the funding to further expand Kanarys' tech platform.
"This funding, along with the hiring of leading industry experts, will catapult us towards fulfilling our mission," says co-founder and CEO Mandy Price—one of fewer than 20 Black female founders who've raised more than $10 million.
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Mustang Plaza at Williams Square in Irving. [File photo]
Alkegen Agrees to Sell Thermal Acoustic Solutions Unit to Regent LP
by Lance Murray | Feb 14, 2023
Alkegen moved its corporate headquarters from New York to Dallas as it rebranded in January 2022. Its latest deal aligns with the company's long-term strategy to advance its growing portfolio of innovative technologies dedicated to sustainability and human health.
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by Lance Murray |
Feb 13, 2023
Las Colinas-headquartered Voz Media has bought the Mega TV business from Miami-based Spanish Broadcasting System Inc. for $64 million.
Voz Media, a conservative Spanish-language news startup, was founded in 2022 to serve the “growing and increasingly influential Hispanic community” in the United States....
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by Lance Murray |
Feb 13, 2023
Check out these 31 deals—and North Texas newest unicorns. Last month, two of the three newly minted unicorns in the U.S. were from Dallas.
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by Lance Murray |
Feb 13, 2023
North Texas had its share of big exits in 2022 with UPS acquiring Delivery Solutions, Netflix buying Boss Fight Entertainment, Monster acquiring Deep Ellum Brewing Company, and CVS Health winning the bidding war to acquire Signify Health.
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Rendering of $1B Graphic Packaging International facility to be built in Waco. [Video still: GPI]
International Company Is Investing $1B To Build Recycled Paperboard Plant in Waco
by Lance Murray | Feb 9, 2023
The announcement by Atlanta-based Graphic Packaging International is Waco's largest economic development announcement to date. CEO Mike Doss says his company is investing in a recycling pulper for the facility that can transform '15 million paper cups a day" into "high-quality, low-cost coated recycled paperboard."
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by David Seeley |
Feb 8, 2023
We caught up with Batiz, one of Forbes’ richest self-made women, who has a new course on how to “master the game of life”—AliveOS.
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by Lance Murray |
Feb 8, 2023
Half the funding came from the Department of Labor, with the other $500K coming from the Department of Education. The innovative teacher residency apprenticeship program is designed to help solve teacher shortages by building a steady pipeline of well-trained teachers. Open to students enrolled in Dallas College’s bachelor’s degree in education program, it allows educators of tomorrow to begin earning while still training.
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by Lance Murray |
Feb 7, 2023
OVA is a pioneer in AI-enabled immersive software technology development. It works with industry leaders from around the world who are looking to transform their business with spatial and immersive computing, AI, augmented reality, mixed reality, and virtual reality.
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