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[Illustration: Svetlana Brovkova via iStock]
Follow the Money: ParkHub Acquires Parking Software Startup, UpSmith Raises $3.3M, Maverick Bancshares Seeks $17M for new Fort Worth Bank, and More
by Kevin Cummings | Oct 28, 2022
In this week’s North Texas deal flow, you’ll also find news about Taysha Gene Therapies landing a $50M investment; music tech startup MAX’s Series B raise; Dallas Venture Capital’s latest investment; Tyler Technologies’ $68M acquisition of Rapid Financial Solutions; NaturalShrimp hitting the Nasdaq Capital Market; and more.
by Dallas Innovates | Staff Report |
Oct 27, 2022
Dallas-based MyndVR is a leading provider of virtual reality solutions for seniors and “active agers." Using gaze-based navigation with VR headsets, users can interact with MyndVr's immersive C.A.R.E. VRx app, which blends voice-based, guided imagery with 360-degree visuals of forests, lakes, beaches, and more.
Writing in a Nasdaq post, Brickler and Werth cite the federal Access to Prescription Digital Therapeutics Act of 2022 as a key opportunity for investors.
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![R.A. Session II, president, CEO, and founder of Taysha Gene Therapies [Background image: Olena Yepifanova via iStock]](https://s24806.pcdn.co/wp-content/uploads/2020/04/TayshaGene-Session-970-1-360x203.jpg)
by Kevin Cummings |
Oct 25, 2022
The investment by Tokyo-based Astellas Pharma gives it a 15% stake in Taysha and positions it to potentially purchase the company, according to the Dallas Morning News. The Dallas-based biotech firm's pipeline includes the "first-and-only" gene therapy in clinical development for Rett syndrome and a Phase 1/2 development of a treatment for an inherited nervous system disorder that's awaiting regulatory feedback.
“We believe this investment not only further validates the potential of our technology platform, but also reinforces the therapeutic and market opportunity of our two lead clinical assets,” Founder and CEO R.A. Sessions II says.
“We believe this investment not only further validates the potential of our technology platform, but also reinforces the therapeutic and market opportunity of our two lead clinical assets,” Founder and CEO R.A. Sessions II says.
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by Kevin Cummings |
Oct 17, 2022
In this week’s North Texas deal flow, you’ll also find news about Mavenir’s $155M raise, Pinnacle Realty Advisors raising $5M for ‘brokerage-as-a-service’ platform, Exela Technologies taking its European business unit public, American Airlines’ hydrogen fuel distribution investment, and more.
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Brad Heppner, founder and CEO of The Beneficient Company Group. [Video still: Beneficient]
Dallas Financial Services Firm Beneficient Company Group to Go Public in $3.5B SPAC Deal
by Kevin Cummings | Sep 21, 2022
Founded in 2003, Beneficient aims to be listed on the Nasdaq via a merger with San Francisco bank-check company Avalon Acquisition Inc. The deal values Beneficient—whose end-to-end platform provides liquidity, data custody, and trust services for alternative asset holders—at $3.5 billion.
“We're working to democratize the industry starting with a simple, secure, rapid and cost-effective solution to what we saw as the most foundational and pressing need: liquidity," says founder and CEO Brad Heppner.
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by Dallas Innovates | Staff Report |
Sep 1, 2022
Founded in 2021, Dallas-based VRGL is an automated data and analytics platform for wealth management firms. Aimed at streamlining time to revenue and increasing initial check sizes, the platform can present a "complete and transparent view" of a prospect's entire portfolio within minutes—serving a need that's "ripe for innovation and disruption," one investor said.
“The VRGL team quickly took a one-firm product and turned it into a platform every advisor can use,” two other investors added in a joint statement.
“The VRGL team quickly took a one-firm product and turned it into a platform every advisor can use,” two other investors added in a joint statement.
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by Kevin Cummings |
Jul 29, 2022
Plus: Southlake SPAC to take financial services firm public; real estate startup Nada Closes $8.1M seed round; Southlake PE firm is raising two biotech-focused funds; Jones family-backed investment firm acquires travel software company; and more North Texas deals.
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by Kevin Cummings |
May 31, 2022
Plus, Fort Worth-based Harvest Returns looks to raise $2.5 million; Sentiero Ventures invests in Geminus.ai; Frisco firm launches two ETFs on Nasdaq; and more North Texas deals.
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Bernard Kim [Images: Match Group, Kathy Schuh Photography]
Mobile Game Company President Is Named New CEO of Match Group
by Kevin Cummings | May 3, 2022
Match Group CEO Shar Dubey is leaving her post May 31, but will stay on with the company as a board director and advisor. The move will allow more time for what she calls "the give back" chapter of her life.
Incoming CEO Bernard Kim currently serves as the president of mobile game maker Zynga, where he is credited with boosting Zynga’s market cap since 2016, leading to Zynga’s pending $12.7 billion acquisition by Take-Two Interactive.
Incoming CEO Bernard Kim currently serves as the president of mobile game maker Zynga, where he is credited with boosting Zynga’s market cap since 2016, leading to Zynga’s pending $12.7 billion acquisition by Take-Two Interactive.
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by Kevin Cummings |
Apr 28, 2022
Colorado-based Riot Blockchain, one of the world's largest publicly traded bitcoin mining companies, announced plans to develop a 265-acre site in Corsicana—about an hour south of Dallas—adding to its growing presence in the Lone Star State.
At full capacity, the development is expected to have one gigawatt of capacity—enough energy to power around 750,000 households.
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by Kevin Cummings |
Apr 6, 2022
Coppell-based Dave & Buster's is set to acquire Dallas-based Main Event Entertainment, which will continue to operate as a distinct brand. The combination of the family entertainment innovators is a "transformational opportunity," the companies say.
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by Kevin Cummings |
Mar 21, 2022
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.
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Josh Smith, CEO and co-founder of Solovis. [Photo: Courtesy Solovis]
Nasdaq Acquires Irving-based Fintech Startup Solovis
by David Kirkpatrick | Mar 10, 2020
Solovis, founded to help asset allocators make better investment decisions, will be available through Nasdaq’s eVestment group, broadening eVestment’s capabilities. Solovis, which grew by 300 percent in 2018, will continue to operate out of its offices in Irving.
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by Lance Murray |
May 2, 2019
You’ll also find news about OncoNano, Mark Cuban, Revint Solutions, Payment Partners, ESO, and eCore Software in this roundup of funding, merger, and acquisition activity involving investors and companies with ties to North Texas.
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by Lance Murray |
Oct 24, 2017
The Allen-based manufacturer is in the midst of constructing a new headquarters campus in the city as it prepares an IPO.
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