Archive for June, 2019

Archeio Technologies Acquired By Quorum Software

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Irving-based Archeio Technologies, a provider of oil and gas document classification and smart search technology, has been acquired by Quorum Software, a Houston-based firm. No financial details of the deal were released.
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MoneyGram Receives $50M Investment From Ripple

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Dallas-based MoneyGram International Inc. has received a $50 million investment commitment as part of a strategic agreement with Ripple, a provider of enterprise blockchain solutions for global payments. MoneyGram is one of the world’s largest money transfer companies, with more …

Medical Device Company 4WEB Medical Raises Funding Round

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4WEB Medical, a Dallas, TX-based orthopedic device company, closed a round of financing of undisclosed amount. SWK Holdings Corporation provided the financial resources. Founded in 2008 by Jessee Hunt, CEO, 4WEB Medical focuses on developing innovative implants utilizing its proprietary …

Sports & Entertainment Marketing Company 4FRONT Gets Big Investment

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4FRONT, a Dallas-based sports and entertainment marketing company, has received a high-seven figure minority investment from Global Sports Commerce, according to a report by FinSMEs. The exact amount of the investment was not released. Global Sports is a Singapore-based sports …

Cybersecurity Firm Critical Start Gets $40M Minority Investment

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Plano-based cybersecurity company Critical Start announced that it has received a $40 million minority investment from the private equity firm Bregal Sagemount that will hasten its expansion and help build its team. Founded in 2012 by CEO Rob Davis, a …

Metropolis Truck Yard Partners Gets $1.4M In Equity Offering

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Dallas-based Metropolis Truck Yard Partners LP said in a filing with the U.S. Securities and Exchange Commission that it has raised $1.4 million of a $2.4 million equity offering. The form D was submitted by Benjamin Muchoki, managing partner at …

Alkami Technology Closes $55M Series E Funding

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Alkami Technology, a fast-growing Plano-based provider of cloud-based digital banking solutions to U.S. credit unions and banks, announced it closed on a $55 million Series E round. Led by General Atlantic and MissionOG, other existing investors-S3 Ventures and Argonaut Private …

KoiReader Technologies Raises $60K Seed Round

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Dallas-based KoiReader Technologies raised $60,000 in seed funding, bringing its total funding to $510,000 over three rounds, according to a report in Crunchbase. The total includes another seed round this year and a pre-seed round in 2015. KoiReader’s technology provides …

Hypergiant Industries Gets Funding From Sumitomo and Perot Jain

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Hypergiant Industries, a Texas-based industrial artificial intelligence company, announced Wednesday that it secured funding from Sumitomo Corp. of Americas and Dallas-based Perot Jain.
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Pei Wei Gets Bought By California Company

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Irving-based Pei Wei Asian Diner has been bought by California-based PWD Acquisitions from Centerbridge Partners LP. No terms of the deal were released. A fast-casual dining chain, Pei Wei moved its headquarters from Arizona to Irving in 2017. The move …