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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.
Dude Perfect Instagram post announcing Dak Prescott as an owner of the Major League Pickleball team Frisco Pandas. [Image: Dude Perfect/Instagram]
Dak Prescott Partners with Dude Perfect as an Owner of Major League Pickleball’s Frisco Pandas
by David Seeley | Jun 2, 2023
When Dak Prescott is in a pickle, usually it's because an Eagles defensive lineman is chasing him around the backfield. But now the Dallas Cowboys QB has found a new pickle-related pursuit: He's become one of the owners of the Frisco Pandas, a Major League Pickleball franchise. The move comes just months after Frisco-based Dude Perfect became investors in the franchise, valuing the team at $5 million.
by David Seeley |
May 30, 2023
Dallas-based Rosy aims "to smash taboos around women's sexual health" by using technology to bridge gaps in care. In a Q&A with Dallas Innovates, Founder and CEO Dr. Lyndsey Harper talks about raising $4.2 million to date as a femtech startup; her plans for Rosy's growth; AI's place in women's sexual health; and more.
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by Lance Murray |
May 25, 2023
Sera—a SaaS service for small-to-large size HVAC, plumbing, and other field service businesses—said it closed the oversubscribed funding round with a market cap three times the value the company had at the close of its Series A round in November 2021.
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by Lance Murray |
May 25, 2023
Plano-based G.O.A.T. Fuel raised its "first-ever institutional round of funding in a space that’s becoming increasingly more competitive and despite growing market challenges."
The energy drink co-founded by NFL Hall of Famer Jerry Rice in 2020 is powered by natural caffeine, cordyceps mushrooms, green tea, electrolytes, BCAAs, and 10 essential vitamins.
The energy drink co-founded by NFL Hall of Famer Jerry Rice in 2020 is powered by natural caffeine, cordyceps mushrooms, green tea, electrolytes, BCAAs, and 10 essential vitamins.
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Illustration: greenbutterfly/iStock
Frisco Cybersecurity Firm Netwrix Gets Strategic Investment from Centerbridge Partners
by Lance Murray | May 23, 2023
Frisco-based Netwrix announced it has received a strategic investment from Centerbridge Partners LP, a global multi-strategy private equity firm.
Netwrix, a cybersecurity vendor, said that TA Associates, a leading global private equity firm, remains the majority shareholder, with members of Netwrix’s senior management team and Updata Partners retaining minority positions in the business....
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by Lance Murray |
May 23, 2023
The partnership with Crow Holdings Capital and a global institutional investor allows Crow Holdings to expand its retail investment strategy of acquiring small-format, convenience-oriented, open-air, food and service shopping centers. CEO Michael Levy says the partnership "serves as a powerful endorsement of CHC’s investment strategy in this attractive segment of the retail real estate market."
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by Lance Murray |
May 23, 2023
Dallas-based CBRE Group Inc.’s property management group has formed a global strategic partnership with Deepki that will bring Deepki Ready, one of the world’s most extensive landlord-focused real estate sustainability data-intelligence platforms, to the commercial properties CBRE manages for investors worldwide....
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by Lance Murray |
May 23, 2023
Beginning this fall, the grant will cover tuition and fees for candidates entering the rigorous, two-year Master of Educational Leadership program with a STEM concentration. Candidates will be drawn from Cedar Hill, Dallas, DeSoto, Duncanville and Lancaster independent school districts.
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[Photo: Evgeniya Shihaleeva/istockphoto]
Angel Investing for Startups Built on Faith
by Nicole Ward, DRC Data Journalist | May 23, 2023
Lion's Den DFW recently brought together students, founders, and investors at Dallas Baptist University for a unique pitch competition. With DBU's Patriot Angel Network and Beyond Angels joining forces, the event highlights the growing influence of faith-driven businesses, where purpose and profit align for a higher plane of success.
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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.
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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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Amy Kruse is general partner and chief investment officer at Satori Neuro. [Photo: Satori Capital]
Satori Capital Raises $10.3M for Satori Neuro Fund, Following Mental Health Venture Launch
by Quincy Preston | May 16, 2023
The funding builds on the Dallas-based investment firm's launch of Satori Neuro in February. Managing Partner and Chief Investment Officer Dr. Amy Kruse will identify and seize opportunities that address “the world’s most critical mental health challenges."
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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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