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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.
An HTeaO location in Tyler. [Photo: HTeaO]
Fort Worth-Based HTeaO Gets Growth Investments from Two Dallas PE Firms
by David Seeley | Jan 12, 2023
Fort Worth-based HTeaO is quenching thirsts with "ultra-premium" iced teas and coffee at 68 locations in five states, with 93 units currently under construction. This week, Dallas-based Crux Capital and Trive Capital both decided to have a taste—by getting a minority stake in the company. HTeaO currently offers 26 flavors of fresh-brewed iced tea, from Root Beer to Sweet Blueberry Green to Sweet Turbo Citrus Energy Tea and more.
by Lance Murray |
Jan 11, 2023
Requiring virtually zero data training and achieving a 90% correct answer rate, Inbenta's solutions are fully configurable, deployable within seconds, interoperable across multiple platforms, and perpetually advancing through billions of customer interactions across 35 languages, the company said.
"Inbenta's conversational AI is a game changer for any business that has to handle customer inquiries, whether simple questions or more complicated tasks," says CEO Melissa Solis.
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by Lance Murray |
Jan 11, 2023
Dallas-based Integrity Marketing said the acquisition is one of the largest transactions in its history, and will accelerate its strategy by strengthening its holistic offerings for financial planning and amplifying its wealth management expertise.
The $40 billion figure is double what Integrity had under management and advisement just two years ago.
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by David Seeley |
Jan 11, 2023
ShiftKey raised $300 million in the funding round, according to Axios, making the company North Texas' newest double unicorn. ShiftKey's platform enables healthcare professionals to browse, bid on, and work nearby shifts to cover for absentee workers—helping to grow a strained healthcare labor pool nationwide.
"What a way to kick off 2023!" Founder and CEO Tom Ellis said on LinkedIn today. "Growth—not for the sake of growth, but IMPACT."
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Harvest Returns Helps Idaho-based American Beef Ranch Raise $470K
by Lance Murray | Jan 10, 2023
Harvest Returns, a Fort Worth-based crowdfunding platform, recently helped American Beef Ranch complete a $470,000 raise.
According to Harvest Returns, the Idaho-based ranch aims to raise high-quality grass-fed, grass-finished beef and lamb.
A fifth-generation rancher, owner, and operator, Jesse Nelson has worked the ranch for over 10 years giving him an advantage in understanding how and where certain improvements are to be implemented, Harvest Returns said....
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by Lance Murray |
Jan 10, 2023
Medix Infusion creates access to infusion therapy for patients in rural, suburban, and other underserved markets. The company says it will use the funds to support organic growth and acquire the infusion operations of the Center for Neurology and Spine, a national leader in the treatment of neurological disorders that serves patients across five infusion suites in Arizona.
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by Lance Murray |
Jan 9, 2023
The grant will benefit HPISD's Moody Innovation Institute and its STEAM and MAPS initiatives, and expand the institute's programs to include the Moody Education Solutions Accelerator. Programs benefiting from the grant include those for mathematics education in grades K-8 and for dyslexia across the HPISD curriculum.
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by Quincy Preston and Lance Murray |
Jan 9, 2023
Worlds' platform brings AI-based automation directly into the ground-floor operations of large industrial companies—with IoT sensors, people, and processes all coming together inside a live digital twin. Companies can then reimagine their operations in ways that were previously impossible, co-founder and CEO Dave Copps says.
"We're fortunate because what we built is the right thing to have at the right time," Copps told us. "I think we're really in the catbird seat right now."
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[Image: Andrey Suslov/iStockphoto]
Exponential Technology Group Buys Australian Tech Business Braemac
by Lance Murray | Dec 29, 2022
As a subsidiary of TTI Inc., XTG and its parent company, Mansfield-based Mouser, are part of the Berkshire Hathaway family of companies run by billionaire Warren Buffett.
Braemac, based in Sydney, Australia, has 17 offices globally and offers support from design through to product realization.
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![Barnston Agtech showed off its swarm farming robotic driverless tractors at the Barnstorm R&D Center in a recent YouTube video. [Video screenshot]](https://s24806.pcdn.co/wp-content/uploads/2022/12/Barnstorm-AgTech-Swarming-Robot-Tractors-360x203.jpg)
by Lance Murray |
Dec 28, 2022
Barnstorm Agtech, a Canadian startup developing driverless robotic tractors known as 'Barnstormers,' has closed on a $217,500 equity capital raise through Fort Worth-based Harvest Returns' investment platform.
The company, co-founded by a fourth-generation farmer and a robotics expert, plans to deploy 'swarms' of the tractors as a service to farmers in the U.S. Midwest and Canadian Prairies to address chronic labor scarcity and other "pain points" of traditional tractor systems.
The company, co-founded by a fourth-generation farmer and a robotics expert, plans to deploy 'swarms' of the tractors as a service to farmers in the U.S. Midwest and Canadian Prairies to address chronic labor scarcity and other "pain points" of traditional tractor systems.
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by Lance Murray |
Dec 22, 2022
Dallas-based Century Golf Partners and Japan-based HKI America have teamed up to buy the storied Four Seasons Golf & Sports Club of Las Colinas.
Century Golf Partners, one of the world's leading golf and club ownership and management teams, was founded in 2005 for the purpose of acquiring and managing private clubs, public courses, and golf resorts and is the partnership’s managing partner. Financial terms of the deal were not disclosed.
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by Lance Murray |
Dec 22, 2022
Fifteen North Texas projects have secured at a total of $26,597,414 in funding as part of the bipartisan federal Omnibus spending package, U.S. Rep. Colin Allred (Texas District 32) of Plano announced....
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Sky Sapience HoverMast tethered hovering drone. [Photo: Sky Sapience]
COMSovereign Sells Sky Sapience Tethered Drone Unit for $1.8M Cash
by Lance Murray | Dec 22, 2022
COMSovereign Holding Corp., the Dallas-based developer of 4G LTE Advanced and 5G communication systems and solutions, is selling its Israel-based Sky Sapience tethered drone unit to Titan Innovations for $1.8 million. The deal will allow COMSovereign to refocus efforts on its 4G LTE and 5G wireless connectivity solutions, the company said.
"Sky Sapience's proprietary fiber optic tether technology makes it an ideal platform for military, borders, and civilian applications," said Titan Innovations CEO Yahav Regev.
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by Lance Murray |
Dec 16, 2022
Founded in 2019 by Mark Bunting, Grata is a first-of-its-kind online platform for consumers to convey recognition directly to a brand's frontline employees in real-time. The company said that investors who have joined to support the success of Grata include Capital Factory, Clutch, Hall Group, and Perot Jain.
The startup has assembled a team of entrepreneurial veterans and industry experts including Patrick Brandt, Wesley Bryan, Allison Swope, and John Rabara.
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by Quincy Preston |
Dec 15, 2022
Dallas-based Drive Shack Inc., creator of the modern mini-golf brand Puttery, plans to voluntarily delist from the NYSE in order to focus on running the business and achieving growth.
Entertainment venues and "competitive socializing" are a driver of that growth: Puttery has expanded to five locations since its debut in North Texas in 2021. "Going dark" will allow management and employees to focus on running the business and achieving growth—without the distractions of being a publicly traded company, it says.
Entertainment venues and "competitive socializing" are a driver of that growth: Puttery has expanded to five locations since its debut in North Texas in 2021. "Going dark" will allow management and employees to focus on running the business and achieving growth—without the distractions of being a publicly traded company, it says.
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Six Pillars Partners Leads Recapitalization, Merger to Form ‘Largest Gaming-Focused Creative Agency’
by Lance Murray |
Dec 14, 2022
Addison-based Six Pillars Partners led the recapitalization and merger of two independent marketing agencies, Red Square Agency and Foundry, to form Good Giant.
As a newly combined platform, Good Giant is the largest gaming-focused creative agency in the country, according to a news release....
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