venture capital

The Last Word: RevTech Ventures’ David Matthews on Conundrum Facing Venture-Backed Tech Companies

by | Feb 1, 2023
In a recent YouTube video, Matthews offers a quick RevTech Roundup on "The Conundrum of Venture-Backed Tech Companies." He notes that there have been over 100,000 recent layoffs by big tech companies, "All of a sudden there's a bumper crop of available talent," Matthews says. "But on the other hand, venture funding tightened by almost 60% last year, as VCs tightened their grip on their dry powder."
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Southlake VC Firm Gore Range Capital Names Entrepreneur-in-Residence
by | Jan 20, 2023

Gore Range Capital, which moved its headquarters from New York to Southlake in 2021, announced that David A. Hashemi, MD, MBA, a senior dermatology resident physician at Harvard Medical School, has joined the firm as entrepreneur-In-residence.

“We’re excited to have David join us. He brings a wealth of knowledge, curiosity, and energy to this opportunity and we look forward to his contributions,” Ethan Rigel, founding and Managing Partner of Gore Range Capital said in a statement....

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Legendary Dallas Innovator John Carmack Raises $20M for Artificial General Intelligence Startup Keen Technologies
by | Dec 16, 2022
Carmack—the former CTO of VR giant Oculus—has taken goggle-gazing to the next level, programmed Doom and Quake, and founded a Mesquite-based space tourism startup. Now he's on a mission he says "could change the course of human history": artificial general intelligence. Keen's focus on AGI could lead to "something that behaves like a human being or like a living creature, and that can then be educated in whatever ways that we need to," he says.

Carmack believes AGI will hit the market in less than a decade. enabling AIs to interact socially with each other—or with actual people.  
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RCS Secure Completes Series A Round, Rebrands as Third Wave Innovations
by | Nov 2, 2022
The fresh funding will allow the cybersecurity company to expand its customer base and invest in new parts of its core products and services, which include managed security, data, and IT services. Third Wave Innovations is eying growth. As the company puts it, "data security is no longer a luxury."
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New Age Capital Raises $25M for Debut Fund to Invest in ‘Historically Underfunded Founders’

by | Jul 14, 2022
Co-founded by Dallasite LaDante McMillon and Brooklyn-based Ivan Alo, New Age Capital has raised $25 million for its debut fund. Formed in 2016, New Age focuses on seed-stage rounds for startups with Black and Hispanic founders.

Looking ahead, New Age wants to be the “go-to institutional VC firm” in their space.
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Horned Frog Investment Network Aims to Boost Deal Flow in Fort Worth and Beyond
by | Jul 12, 2022
The Horned Frog Investment Network—which launched earlier this year through TCU's Neeley School of Business—aims to fund startups across the country and lift up Fort Worth's entire venture funding ecosystem.
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U.K. Report: Dallas Is One of the World’s 10 Most Resilient Cities
by | Jul 6, 2022
The 2022 London-based Savills Resilient Cities Index ranks 500 global cities. The Dallas region jumped up 11 spots on the list since 2016, thanks to its many assets and its recovery from the worst of the pandemic. Dallas' highest ranking on the list is in real estate investment, where it placed No. 3, behind only Los Angeles and New York City.
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From right: DRC's Jorge Varela (far right) moderated a panel of industry experts including biotech C-level executive Hua Tu, Health Wildcatters CEO and co-founder Hubert Zajicek, and LH Capital Director Matt Crommett.
‘From a Trickle to a Waterfall’: How Biotech’s Flow is Growing in DFW
by | May 24, 2022
"It takes time" to establish a track record, Jorge Varela says, and the region is starting to see a series of biotech successes and spinoffs that will elevate the region's profile as a biotech hub.

According to a panel of experts at Urban Land Institute's 2022 spring meeting, here are factors drawing biotech to DFW.
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Consumer Product-Focused Investor Eyes Opportunities in Dallas

by | Apr 26, 2022
Pitted Ventures, a newly formed Utah-based growth capital firm backed by a family of support companies, has tapped a local leader to help it bridge funding gaps for brands while providing wraparound services to help those business grow to the next stage. With Dallas as a hub, it aims to make typical investments of $750K to $1.5M starting this summer.
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Frisco EDC’s First Director of Innovation Will Focus on Startups, Tech, and Venture Capital
by | Mar 25, 2022
Entrepreneur Jasmin Brand will take on the newly created role. The goal? To make Frisco a “major national hub” for venture capital and innovation.
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Arlington’s First Rate Ventures Makes Second Investment from $25M Fintech-Focused Fund
by | Mar 10, 2022
Arlington-based First Rate, which provides technology and services to wealth management companies, launched its corporate venture arm First Rate Ventures in December. Now it's made its second investment—in New York-based RegAlytics, a regulatory data analytics company.
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Alto Expands Service to Silicon Valley as It Builds a New Dallas HQ and Aims to Go All‑Electric
by | Mar 8, 2022
Dallas-based ridesharing company Alto is entering its sixth market, after launching in Dallas and expanding to Houston, L.A., Miami, and Washington, D.C. With $60 million in funding since its 2018 launch, CEO Will Coleman talks about building a new HQ in the Dallas Design District, aiming to be in 25 metros over the next few years, and planning to be 100% electric by end of 2023.
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Follow the Money: Black in Tech Challenge Winners, Mark Cuban Invests in Tattoo Care Startup, the WNBA Gets New Backers, and More

by | Feb 18, 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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Farms of the Future: Alphabet-Backed Vertical Farming Startup Plans New Site in Arlington
by | Feb 16, 2022
New York-based Bowery Farming is a vertical farming startup that aims to lead "the next generation of agriculture." Valued at $2.3 billion and backed by Alphabet's VC investment arm GV, it will create 100 jobs at its new indoor farm in Arlington—where software, sensors, and machine learning will help things grow.
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With New Funding and CEO, This Southlake Biotech is Looking to Solve Kidney Disease
by | Feb 16, 2022
Renibus Therapeutics, which focuses on treatments for acute and chronic kidney diseases, announced closing a $35 million Series A funding round. Its new CEO, Frank Stonebanks, says "Renibus has arrived at a critical inflection point in its commitment to transform the prevention and treatment of kidney diseases."
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Fueled by a $132M Series B Raise, Indian Automation Startup Expands to North America with Frisco Offices
by | Feb 16, 2022
Addverb produces around 10,000 robots a year at its Noida, India, manufacturing facility. Now Addverb's CEO has a mission for his robots: to help address pandemic supply chain disruptions in the U.S.
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