What companies are finding funding or having a big exit? From startup investments to grants and acquisitions, Dallas Innovates tracks what’s happening in North Texas money every Thursday. Sign up for our e-newsletter to stay in the loop.
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Computing company Nimbix raises $4M in debt financing
Nimbix Inc., the Richardson-based high-performance computing and super-computing platform, raised $4 million in debt financing, according to a report in Crunchbase.
The funding brings Nimbix’s total to $19.5 million in five funding rounds since 2012, Crunchbase said.
VentureDeal tweeted that Nimbix is still seeking $1 million in the round.
Energy Spectrum Partners seeking $1.3B for its 8th fund
Dallas-based Energy Spectrum Partners has raised more than $867 million for its eighth fund with a target amount of $1.3 billion, according to an SEC filing.
Energy Spectrum is a private equity firm that invests in lower-middle-market companies that acquire, develop and operate midstream energy assets in North America, according to PE Hub.
Caregiver Inc. gets $82M in senior credit facility
Caregiver Inc., a Fort Worth-based behavioral health company has received an $82 million senior credit facility from White Oak Healthcare Finance.
New York City-based White Oak was the sole lender and administrative agent for the funding. Caregiver is backed by both DW Healthcare Partners and Council Capital.
“As a leading healthcare lender, we believe in the mission of the company and the importance of the services it provides to this population,” White Oak Managing Director Ross Eldridge said in a release.
Caregiver provides residential and long-term support services to people with intellectual and developmental disabilities, which allows them to live fulfilling live fully integrated into local community settings, the company said.
FieldPulse raises $2.2M to bolster growth, drive disruption
Dallas-based tech firm FieldPulse has raised $2.2 million that will help the company build on its growth and continue driving disruption as legacy contractors go to digital platforms, Pulse 2.0 reported.
With FieldPulse’s cloud-based digital hub, contractors can manage their business via an integrated web and mobile app.
The funding was led by New York-based Capri Ventures and Apple Core Holdings. According to Pulse 2.0, FieldPulse this year saw user growth in the high triple figures and made major additions to its product and service lines. Also, FieldPulse announced with platforms such as GPS Inside.
Labora Group invests in Made In Cookware’s $5M seed round
The Dallas-based family office Labora Group is among the investors in a $5 million seed round for Made In Cookware, a premium cookware brand that is headquartered in Austin.
The funding will be used to ramp up the company’s marketing efforts and expand its line of stainless steel and carbon steel products, the Austin American-Statesman reported. The Labora Group is a single family office that manages the affairs of the Mackie Family, according to Crunchbase.
Nonprofit EMPOWER Series gets $60K grant from Comerica foundation
The Comerica Charitable Foundation has given Dallas-based EMPOWER Series a $60,000 grant.
EMPOWER Series, Inc. is a 501(c)3 nonprofit organization that said it envisions a world in which everyone is thriving. EMPOWER’s s mission is to positively impact the world by inspiring people to thrive in every area of their lives.
Each event that the nonprofit holds provides hope, inspiration, education, and connections to resources to help people achieve their goals. EMPOWER Series’ services include financial coaching and counseling, along with financial literacy and self-development workshops, lunch-n-learns, and networking events for students and adults.
Comerica is a Dallas-based financial services and banking company.
Anonymous invests $1M in India-based Kloudboxx & Krosswork
Richardson-based mobile social network Anonymous has invested $1 million in Kloudboxx & Krosswork, an analytics, SaaS, and coworking company in Bangalore City, Karnataka, India.
Kloudboxx is an all-in-one marketing automation platform that provides business owners with data and real-time analytics that turns Wi-Fi into a marketing tool. Krosswork turns cafes and restaurants into coworking spaces, according to Crunchbase.
Software provider ActivTrak raises $20M for Dallas office, Austin HQ
Austin-based ActivTrak has raised $20 million in Series A funding that it said will be used to maintain its office in Dallas and establish a headquarters in Austin.
ActivTrak, a provider of cloud productivity monitoring software, said the funding came from Elsewhere Partners, and Austin venture capital and private equity firm.
MERGERS & ACQUISITIONS
Graco annouces deal to acquire California advanced materials supplier
Graco Supply Co., the Fort Worth-based distributor of chemicals, specialty materials, and consumables to the aerospace and defense industries, announced it has entered into an agreement to acquire E.V. Roberts, a California-based supplier of advanced engineered materials for aerospace, composites, electronics and other advanced manufacturing industries.
The acquisition will create the largest aerospace-focused specialty chemicals distributor in North America, the companies said in a release.
No financial terms of the deal were released.
Sentrics expands senior living tech services with SeniorTV acquisition
Dallas-based Sentrics announced that it has acquired Akron, Ohio-based SeniorTV, expanding its suite of services to senior living communities.
Sentrics provide integrated technologies to the senior living industry and SeniorTV is the leading provider of affordable television entertainment, community-specific programming, and internet and Wi-Fi solutions for senior living commmunities. No financial details of the acquistions were released.
Hoonuit acquires Plano-based tech firm Mizuni
Mizuni, the Plano provider of data integration and data warehouse solutions, has been acquired by Hoonuit, a Minnesota-based provder of data management and professional learning solutions.
No financial details of the acquisition were released, but Hoonuit said that would maintain an office in Plano.
Mizuni has a long history of helping K-12 school districts in Texas, Oklahoma, and other states manage their data. Together, Mizuni and Hoonuit serve roughly 1,500 education agencies and support more than 13 million students across the country.
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R E A D N E X T
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Dallas-based Hunt Perovskite Technologies, part of Hunt Consolidated Inc, is one of the 22 selected for a new program from the DOE dedicated to making perovskite photovoltaic devices commercially available. If validated, the tech could make solar cells more efficient at a lower cost—but first, the projects have to overcome the issue of it being too unstable to commercially use.
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The energy-as-a-service company aims to reduce industrial emissions through AI and an IoT platform that identifies areas to lower fuel consumption.
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Perot Jain-backed Booster was founded in 2014 out of Fort Worth's AllianceTexas, before moving its HQ to San Mateo, California. Booster has raised over $108M in funding, and now operates in California, Texas, Tennessee, and Washington, D.C. By partnering with REG, it aims to help fleets switch to renewables, cutting carbon emissions in the fight against climate change.
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Plano-headquartered Ericsson and MIT are joining forces for mobile breakthroughs in both 5G and 6G. Together, they'll explore how lithionic chips could enable neuromorphic computing and how "zero-energy" devices could be powered by radio signals—delivering ultra-fast speed, low latency, and superb reliability.
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Plus: Richardson's VOSS Solutions Lands $15M, Acquires Irving's LayerX
