Follow the Money: Fuse Medical Raises $3.27M, MedHab Gets $914K, Truck Yard Hauls in $4.2M

From Arlington Surgery Center LLC to a pair of Irving-based electronics companies, here are some of the deals involving companies and investors with North Texas ties.

Bios Partners

FUSE MEDICAL RAISES $3.27M IN EQUITY FUNDING

Fuse Medical Inc., a Richardson-based provider of innovative products for surgeons, said in a new Form D filing that it has raised all $3,276,488 of an equity funding round.

Founded in 2011, Fuse provides a variety of orthopedic impants including internal and external fixation products, upper and lower extremity plating, total join reconstruction, soft tissue fixation and augmentation for sports medicine procedures, full spinal implants for trauma, degenerative disc diease, and deformity indication. The company also offers biologics.

Earlier this month, Fuse Medical announced that it had completed the acquistion of Palm Springs Partners LLC, a manufacturing company in the spinal fusion device market and a full-service medical device and distribution company.

MEDHAB RAISES $914.7K IN EQUITY FUNDING ROUND

Mansfield-based MedHab LLC said in a new regulatory filing that it has raised $914,770 of a $3 million equity funding round.

Founded by Johnny Ross in 2008, MedHab is a device company specializing in the development and delivery of wearable devices employing remote technology. It has developed three wearable products specific to three individual markets, including health care, wellness, and sports performance, according to the company’s website.

Earlier this year, MedHab introduced its wearable fall detection technology called MyNotifi, which aims to mitigate the dangers associated with falling.

“MedHab is currently raising a Series E round of funding. To date, we have raised $1.5 million of the $3 million round,” Ross told Dallas Innovates via email. “The funds from this round will be used in three main buckets…marketing, developmental, and sustaining engineering, and business operations.” 

MyNotifi is gaining traction, Ross said.

“Both AARP and AMAC have vetted MyNotifi and approved us to advertise through their channels. Comfortkeepers, one of the largest caregiver organizations in the U.S., has agreed to be a reseller of MyNotifi by offering to their customer base,” Ross told Dallas Innovates. “The National Stroke Association has also agreed to a collaborative effort to promote MyNotifi to their customers.”

Ross said MedHab soon hopes to close deals with the National Parkinson’s Foundation and with Right At Home.

“Last week, HSN informed us that they would like us on their network in mid to late September,” Ross said. “These are significant accomplishments to which we are both very proud and honored.” 

According to the filing, the minimum investment in the round is $6,000.

TRUCK YARD CREATORS RAISING $4.2M FOR LOCATION IN THE COLONY

The Dallas Business Journal reported that the people behind the Greenville hangout Truck Yard are raising up to $4.2 million to open a location in The Colony, citing a regulatory filing. The publication said that the popular beer garden was created by Jason Boso, who also founded Twisted Root Burger Co.

According to the DBJ, the new Truck Yard will be in Warren Buffett’s Grandscape development. It is scheduled to open in the fall.

OTHER FUNDING

Arlington Surgery Center LLC has raised all of a $224,000 equity offering, according to an amended filing with the U.S. Securities and Exchange Commission. The center offers ophthalmology, laboratory, EKG, radiology, and pharmacy services. 

Real estate firm Encore Enterprises’ restaurant unit has raised $3.8 million, ostensibly to invest in more Five Guys hamburger restaurants, according to a regulatory filing. The Dallas Business Journal said Encore acquired 10 Five Guys stores in the Denver area last year and opened more in California and Oklahoma.

MERGERS & ACQUISITIONS

AT&T COMPLETES ALIENVAULT ACQUISITION

AT&T Inc., the Dallas-based tech giant, announced Wednesday that it has completed its previously announced acquisition of San Mateo, California-based AlienVault, a developer of commercial and open source solutions to manage cyber attacks.

No financial terms were released on the deal, which AT&T said accelerates its vision for giving businesses of all types and sizes access to more effective cybersecurity solutions.

CALIFORNIA FIRM ACQUIRES 2 IRVING ELECTRONICS COMPANIES

Two Irving-based electronics companies that develop products for the satellite communications industry has been bought by Palo Alto, California-based Communication & Power Industries, the largest maker and rebuilder of electronic devices—primarily vacuum tubes—in the U.S.

The North Texas companies are Orbital Systems Ltd. and Quorum Communications. Terms of the deal were not disclosed, according to Texas Tech Pulse.

According to its website, Orbital Systems designs and makes antenna positioners and complete front end systems “that meet the high performance, accuracy, and high reliability needs of demanding tracking applications such as Earth Observation Satellites (EOS) Direct Broadcast (DB), Telemetry and Control (TT&C), UAV/RPV tracking, RADAR, Search & Rescue (SARSAT), and general Satellite uplink and downlink applications.”

Quorum provides satellite microwave receivers, down converters, antenna systems, and communications products to customers around the world.

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