Archive for March, 2021

Denton cargo bicycle company Bunch Bikes receives $100K investment

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After going on Shark Tank to pitch Bunch Bikes, founder Aaron Powell has garnered $100,000 in equity with an additional $150,000 as a loan from “Shark” Barbara Corcoran. As part of the deal Corcoran will have a 15 percent stake …

Dallas-Based Digital Health Solutions Company Recuro Raises $15M Series A Round to Build Its Growth

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Recuro Health, a Dallas, TX-based integrated digital health solution provider, closed a funding round of undisclosed amount. The round was led by OLSF Ventures with participation from Cortado Ventures, 1843 Capital and Sage Venture Partners.

https://dallasinnovates.com/dallas-based-digital-health-solutions-company-recuro-raises-15m-series-a-round-to-build-its-growth/

 

Dallas company, Instil Bio, could raise over $300M in initial public offering

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Instil Bio in Dallas has laid out a price range for its initial public offering – and it could mean hundreds of millions of dollars and a valuation of over $2 billion. The biopharmaceutical company anticipates the IPO price will …

Irving’s RumbleOn Reaches Agreement to Acquire, Merge With the Country’s Largest Powersports Retailer

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The deal, valued at $575.4 million, will combine RumbleOn, an ecommerce platform for new and pre-owned motorcycles, with powersports retail giant RideNow. What will result is a first-of-its-kind omnichannel platform for powersports—a more than $100 billion industry—in North America.
dallasinnovates.com/irvings-rumbleon-reaches-definitive-agreement-to-acquire-merge-with-the-countrys-largest-powersports-retailer/

Yum! Brands to Acquire Kvantum’s Leading Artificial Intelligence-Based Consumer Insights and Marketing Performance Analytics Business

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Yum! Brands, Inc.today announced that it has entered into a definitive agreement to acquire the leading artificial intelligence-based consumer insights and marketing performance analytics business of Kvantum, Inc. By acquiring the Kvantum business, Yum! and its KFC, Pizza Hut, Taco …

Capital One Ventures Invests $24M in Addison Cybersecurity Company Securonix Through Strategic Partnership

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Capital One Ventures has announced a $24 million investment in Securonix, Inc., a leader in the next-gen security information and event management (SIEM) industry. Along with the two companies’ strategic partnership, Jay Emmanuel, a Partner at Capital One Ventures, is …

Gray leading group of investors in $40 million round for Dallas-based Envy Gaming

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Gray Television, Inc. and Envy Gaming, an esports and entertainment company based in Dallas, jointly announced today that Gray is leading a $40 million investment round for the organization. As the lead investor in Envy’s Series C round, Gray will …

Astrapi Corporation awarded a United States Air Force (USAF) AFVentures Phase I contract

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Astrapi Corporation has been awarded its second Phase I SBIR contract from the United States Air Force. This is in addition to a USAF Agility Prime STTR Phase I also recently awarded to Astrapi. The new contract, awarded through AFVentures, …

Gozova, Fort Worth Moving-On-Demand App, Expands Aggressively After VC Deal

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It’s been almost a year since Gozova – an early-growth, on-demand Fort Worth company whose app pairs movers and crews to businesses and people who need items picked up and delivered or stored – secured $500,000 in seed capital from …

Dallas Medtech Phynd Acquired by Symplr

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Dallas-based medtech company Phynd Technologies was acquired by symplr, a leading global healthcare governance, risk management, and compliance software-as-a-service company. The acquisition was backed by Clearlake Capital Group and SkyKnight Capital, and the transaction cost was not disclosed. Phynd had …