Archive for the ‘Success’ Category

Rosy Wellness Raises $1.2M To Grow Its Women’s Sexual Health Platform

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Dallas-based Rosy Wellness raised $1.2 million of a $1.5 million bridge funding round, bringing to $4.2 million, the amount raised to date. The startup currently has 6 full-time employees and about 20 contractors. Read more in Dallas Innovates.

Rosy Wellness

Grapevine’s Car Capital Announces Funding, Organizational Changes

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Grapevine-based, Car Capital, which enables franchise and independent dealers with its proprietary loan-approval technology, announced an $8.8M Series C, $50M in debt, and its relaunch into the Midwest and Southeast and expansion to Western states. 

https://www.prnewswire.com/news-releases/car-capital-announces-exciting-relaunch-new-management-and-capital-raise-301821926.html 

Frisco-based Threat Detection Secures Development Capital

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Netwrix, a Frisco-based visibility and governance company that does threat detection, entered into a definitive agreement to receive an undisclosed amount of development capital from Centerbridge Partners. Global private equity firm, TA Associates (TA), remains the majority shareholder, with

Mavenir Raises $100M to Accelerate Innovation and Sustainability in Telco Networks

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Mavenir Systems, a Richardson-based network software provider, raised $100M of development capital from Siris Capital Group to support its strategy of digitizing telco networks with cloud-native applications. This total follows last year’s $250 million fundraise. President and CEO Pardeep

Irving Mobile Healthcare Firm MedArrive Gets $8M in Funding To Help Reduce ER Visits, Hospitalizations

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MedArrive, an Irving-based mobile-integrated care management platform company, has received $8 million in new funding led by Cobalt Ventures, a wholly owned subsidiary of Blue Cross and Blue Shield of Kansas City (Blue KC).

https://dallasinnovates.com/irving-mobile-healthcare-firm-medarrive-gets-8m-in-funding-to-help-reduce-er-visits-hospitalizations/

 

Recuro Health Secures $47M in Series B Funding for its Digital Medical Home

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Coppell-based Recuro Health has closed a $47 million Series B investment round that includes both new and existing investors, including ARCH Venture Partners, the Flippen Group, GPG Ventures, 4D Capital, and others.

https://dallasinnovates.com/recuro-health-secures-47m-in-series-b-funding-for-its-digital-medical-home/

Dallas AI Platform for Data Entry Secures Seed Money

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Deep Cognition, a Dallas-based artificial intelligence platform for data entry processes, raised $1.2M of seed funding in the form of convertible notes from undisclosed investors. SEC FORM

Axis Security, a Plano-based cloud security platform, was acquired by Hewlett-Packard (NYS: HPQ) for $500M

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Axis Security, a Plano-based cloud security platform, was acquired by Hewlett-Packard (NYS: HPQ) for $500M. The company had raised approx. $103M from investors including Spark Capital, Ten Eleven Ventures, Canaan Partners and Cerca Partners. Read more at HelpNetSECURITY

 

Frisco Startup Homz Raises $50M in Funding for ‘Wellness-Centric’ Multifamily Housing

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Homz, a Frisco-based startup that says it’s the first national housing company to develop “wellness-centric” multifamily communities, announced Wednesday that it has raised $50 million in pre-seed funding. The round was led by Nanban Ventures, a Dallas-based venture capital firm

Park Cities Asset Management Acquires Elevate Credit Inc. for $67M

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Elevate Credit, a Fort Worth-based provider of online credit solutions, was acquired by Park Cities Asset Management for $67M. The company went public in 2017 at a valuation of $257M … read more at Dallas Innovates.