Follow the Money: Texas Standard Raises $500K, DCS Global Gets Growth Investment

From Viziv Technologies raising another $576,000 for energy technology and Stryve Foods raising $10 million, here's a look at recent funding and acquisitions involving companies and firms with North Texas ties.

TEXAS STANDARD RAISES $500K IN SEED FUNDING

Dallas-based clothier Texas Standard announced this week that it has raised $500,000 in a seed funding round — capital that will help the company with production and growing its staff.

“We are looking to hire across the board, and at the end of the day, are looking for great additions to the team,” co-founder Drew Bagot told Dallas Innovates via email. “Particularly, we’re seeking individuals with apparel production and design experience. Additionally, creative talent is becoming a key area of interest for us.”

Texas Standard recently hired apparel industry veteran Byron Bradshaw, an alumni of GQ magazine, John Varvatos, and Mizzen+Main. He will serve as a vice president leading retail expansion and product development. 

The retail startup from Drew Bagot and his wife, Christine, was started in 2016 as a brand to epitomize Texas. In addition to ecommerce sales though its website, its products are now available in more than 20 brick-and-mortar retail stories in Texas.

TRITIUM PARTNERS MAKES GROWTH INVESTMENT IN DCS GLOBAL

Dallas-based DCS Global, a provider of revenue cycle managament software, announced that it received a growth investment from Tritium Partners. 

The size of the investment was not released, but DCS said the money will help it increase the availability of its admission and financial-clearance solutions for health-care providers who want to benefit from accelerated reimbursements, reduced denials, enhanced patient experience, and increased preservice collections.

Tritium Partners is an Austin-based private equity firm that focuses on buyouts of growth companies in the lower middle market.

VIZIV TECHNOLOGIES RAISES $576K IN EQUITY RAISE

Waxahachie-based Viziv Technologies announced in a new filing that it raised another $576,000 in an equity only raise targeted at $15 million.

Earlier this month, Viziv said it raised $500,000 in an another equity funding round, the company announced in a new filing with the SEC. In May, Viziv filed a Form D reporting it had raised $500,000 in an equity financing offer.

Viziv, formerly Texzon Technologies, is a pioneer in the field of electromagnetic wave propogation, power storage, and electricity distribution via wireless power systems. It proposes utilizing an electromagnetic phenomena known as the Zenneck surface wave, which is long theorized but as yet undemonstrated — to distribute electric power around the world.

In April, the company announced that it had raised $720,000 of the $15 million offering, and it finished a VC funding round in December, raising $641,562. Since 2016, Viziv has raised more than $26 million in venture funding in multiple rounds, including a $12.52 million round in November 2017.

STRYVE FOODS RAISES $10M IN EQUITY OFFERING

Plano-based protein snacks startup Stryve Foods LLC said in a new filing that it has raised $10 million of a $12.5 million equity offering. 

Earlier this year, Stryve reported raising $1.25 million of another $8 million funding round.

In January, Stryve announced it had acquired the assets of Biltong USA, one of the nation’s first makers of biltong, a lean, dried beef that is cut in strips.

GREY ROCK CLOSES THIRD FUND AT $232.5 MILLION

Grey Rock Energy Partners, a Dallas oil and gas investment firm, has closed its third oversubscribed fund at $232.5 million. According to PE Hub Network, the fund’s limited partners are repeat investors.

The firm targets upstream oil and gas companies, or ones that locate and produce the resources, in the Permian, Eagle Ford, Oklahoma Scoop, Bakken, and Haynesville shales.

MORE INVESTMENTS

Dallas-based RefineRE, a provider of an SaaS solution for commercial real estate occupiers and brokers, announced that earlier this year it raised $50,000 in the form of a convertible note. RefineRE was founded in March 2017 by Ryan Turner and was a member of fall 2017 class at Dallas-based Tech Wildcatters.

Addison-based U.S. Freedom Capital, which helps foreign investors gain a green card in the U.S. through real estate investments here, is raising up to $1.5 million for another fund, the Dallas Business Journal reported. The publication said Eduardo Aguirre, former director of U.S. Citizenship and Immigration Services under President George W. Bush, is on the firm’s board of advisers.

Dallas-based Curative Ventures was one of eight investors in a $75 million Series B funding round for iTeos Therapeutics, a Belgium-based biotechnology company that specializes in turmor immunology, cancer immunotherapy, and drug discovery. Curative Ventures raised more than $2.1 million as part of the funding round for the cancer drug maker. Curative Ventures is a capital and talent partner to category-defining biotech companies that are developing new therapies to dramatically improve patient outcomes.

The DBJ reported that Fortress United, an internal partnership of the private equity segment that’s tied to Caroline Hunt’s estate, reported an additional $30 million of funding raised as part of a deal to build out its nutritional supplement-making company. The DBJ said that in November, Rosewood Investments took a majority stake in East Texas’ ProTec Laboratory. The money raised by Fortress was used to fund that deal.

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