ROLLKALL TECHNOLOGIES RAISES $950K IN EQUITY FUNDING
Irving-based RollKall Technologies LLC announced in a Form D filing that it raised $950,000 of a roughly $1.5 million equity-only funding round that the company said will allow it to speed development and enable targeted acquisitions.
Co-founded by Benjamin Poch and Chris White, RollKall Technologies offers a platform that connects police officers with coordinators, security firms, and business that are looking to hire law enforcement officers for off-duty work.
“While RollKall has been around since 2013, this was our first round of funding.”
“While RollKall has been around since 2013, this was our first round of funding,” Poch told Dallas Innovates via email. “Up until this point, we bootstrapped development and grew relatively organically. As the company grew, and we received more requests for access to the platform by law enforcement agencies, we decided to raise a round of funding to expedite development and make a few targeted acquisitions.”
According to Poch, RollKall works with thousands of police officers from more than 900 law enforcement agencies in the U.S. The company’s new payment platform, RKPay, will be releasing soon.
RKPay streamlines the payment of officers by businesses or security agencies, and handles the paperwork that is typically associated with hiring officers as independent contractors.
“By removing some of the barriers of working with officers, while also ensuring compliance by an officer’s respective department, we believe we will be able to increase the market size of the already substantial off-duty market,” Poch said.
ARCADE’S RECENT FUNDING RAISES TOTAL TO $1.5M
Dallas-based startup Arcade has raised $1 million from investment groups, bringing its total funding to roughly $1.5 million.
CEO Dave Cherrie told the Dallas Business Journal that the funding will help Arcade with sales and marketing as it grows.
Among the investors are Dallas-based retail accelerator RevTech and Austin-based ATX Seed Ventures.
Arcade uses gamification techniques and modern social services to boost salespeople by allowing managers to set up challenges where employees earn points, badges, and rewards.
HARVEST GOLD SILICA RAISES $200K
Palmer-based Harvest Gold Silica said in a filing with the U.S. Securities and Exchange Commission that it has raised $200,000 of a $5 million offering.
On its website, Harvest Gold Silica said its product “is derived from naturally occurring minerals in gold telluride quartz-rich vein deposits and is further purified through a scientific process guaranteeing silica and a broad spectrum of nutrients.” It said the nutrient-rich compound has been shown to retain up to 40 percent more water, providing a plant’s root system with extended contact with all nutrients and fertilizers that results in as much as double the yield versus untreated soils.
NGP SAYS IT’S RAISED $3.2B FOR ITS 12TH FUND
NGP Natural Resources, an Irving oil and gas private equity firm, said in a SEC filing that it has raised $3.2 billion for its 12th fund.
The DBJ reported that NGP registered the fund about a year ago, aiming to raise $5.3 billion. NGP and Pearl Energy invested roughly $100 million earlier this year into a new Dallas company that collects and processes oil and gas.
MERGERS & ACQUISITIONS
XOME ACQUIRES ASSURANT MORTGAGE SERVICES
Lewisville-based Xome announced that it has acquired North Richland Hills-based Assurant Mortgage Solutions Group from Assurant Inc. in a deal valued at $35 million.
Xome, a subsidiary of WMIH Corp., is a provider of services to mortgage servicers, originators, real estate professionals, financial institutions, and homebuyers. The company said the deal will grow its third-party client portfolio across its valuation, title, and field services business, Texas TechPulse reported.
HOUSTON FIRM ACQUIRES ZOGG BENEFITS
Dallas-based professional employer organization Zogg Benefits has been acquired by G&A Partners of Houston.
The Zogg acquisition is G&A’s fourth acquisition of the year, according to a news release. No financial details of the acqusitiion were released.
A PEO is a firm that provides a service under which an employer can outsource employee management tasks including payroll and workers’ compensation, employee benefits, recruiting, risk and safety management, as well as training and development. As part of the deal, G&A will retail all of Zogg’s corporate employees.
With the acquisition of Zogg, G&A will serve nearly 45,000 worksite employees and more than 1,300 clients across the U.S. and Latin America.
MYCON ACQUIRES GRAPEVINE CONSTRUCTION FIRM
MYCON General Contractors of Dallas has acquired Grapevine-based Pavlovich Construction Services.
MYCON said the deal will support its growth in the industrial and manufacturing sectors, according to the Fort Worth Business Press. No financial details were released.
MYCON said that firm principals at Pavlovich will join MYCON. Among them are Roger Pavlovich, who will be vice president, and Justin Swaim, LEED AP, will be project director.
RCH Energy, a Dallas oil and gas private equity fund, has raised $200 million a filing with the federal government shows. It will use the money to target midstream companies. The fund was started by Robert Raymond, the son of former ExxonMobil CEO Lee Raymond, the DBJ reported.
Citing a filing, the DBJ reported that hedge fund Johkim Capital Partners has reached $62.3 million raised from investors. Johkim Capital was funded in May by Stride Capital Group, and focuses on bringing “equity-like returns with half the volatility” by investing in the credit market, according to the Business Journal.