Dallas Venture Deals

April 2025

Visit dallasventuredeals.com to find past newsletters and reach us.

Howdy folks,

Welcome to the 22nd edition of the Dallas Venture Deals newsletter. Through just four months of 2025, DFW startups have already raised as much venture capital as they did in the three quarters of last year — putting us on pace to shatter 2024’s $1.4B total. The bar has been set high, and we're just getting warmed up here in DFW….

This month alone, Spark Biomedical lit up a $15M Series A to power its neurostimulation tech, Tapcheck cashed in with a $200M credit facility to modernize payroll, and GenrAb banked $5.6M to protect the brain — all built right here in Dallas. Whether it’s fintech, biotech, or even dog hydration (LYX, we see you), North Texas continues to build the companies of the future.

Thanks for reading, sharing, and staying plugged into the stories driving DFW’s innovation economy. Our goal is simple - to shine a light on DFW's venture capital activity and fuel the growth taking place in our great region.

Venture Deals

DFW-Based Company Fundings

Caban (Plano, TX), a provider of alternative energy solutions for critical infrastructure, raised a $50M funding round led by Ember Infrastructure Management.
Datatruck (Irving, TX), a next-gen AI-powered freight logistics platform that automates operational and financial workflows, raised a Seed round from DOMiNO Ventures.
Humach (Frisco, TX), an AI customer experience company, acquired Markets EQ, a provider of AI-powered voice analytics solutions to Wall Street.
GenrAb (Dallas, TX), a developer of neuroprotective therapies, raised $5.6M of seed funding led by Actium with participation from Research Bridge Partners, Salem Partners, GPG Ventures, and Maytal Capital.
Go To Green (Van Alstyne, TX), a provider of a directional evacuation system, received an investment from Wonder Fund North Dakota, an investment program directed by O’Leary Ventures, Kevin “Mr. Wonderful” O’Leary’s investment firm.
LYX (Fort Worth, TX), a vet-formulated electrolyte water enhancer designed to keep your dog hydrated and energized, raised capital from Morrison Seger Venture Capital Partners.
Spark Biomedical (Dallas, TX), an innovator in drug-free wearable neurostimulation technology, raised a $15M Series A led by Waco-based WAVE Ventures and supported by New York’s Pathway to Cures
Tapcheck (Plano, TX), an employee payroll solution, raised a $25M Series A extension round led by PeakSpan Capital and a $200M credit facility from Victory Park Capital.

DFW-Based Investor Transactions

Actium (Dallas, TX) (Lead Investor), GPG Ventures (Dallas, TX), and Maytal Capital (Dallas, TX) invested in the $5.6M Seed round for GenrAb (Dallas, TX), a developer of neuroprotective therapies. Additional investors include Research Bridge Partners and Salem Partners
Balerion Space Venture (Dallas, TX) participated in the $30M Series A for Northwood (Los Angeles, CA), a company that builds and operates ground stations that communicate with satellites to download and process data. The round was led by Alpine Space Ventures and Andreessen Horowitz, with participation from Also Capital, Founders Fund, Box Group, Banter Capital, and Humba Ventures.
Eagle Venture Fund (Fort Worth, TX) announced the closing of the Eagle Freedom Fund at $18M, the first investment fund dedicated to investing in tech innovation to fight human trafficking.
Goldcrest Capital (Dallas, TX) co-led a $30M Series B for Arena AI (New York, NY) the developer of a cutting-edge artificial intelligence platform for hardware testing and optimization. The round was co-led by Initialized and Fifth Down Capital with participation from Peter Thiel’s Founders Fund, Shield Capital and Garuda Ventures.
Morrison Seger Venture Capital Partners (Dallas, TX) invested in LYX (Fort Worth, TX), a vet-formulated electrolyte water enhancer designed to keep your dog hydrated and energized.
Morrison Seger Venture Capital Partners (Dallas, TX) invested in Slate Milk (Boston, MA), a brand of lactose-free, all-natural, chocolate milks and lattes with decreased sugar and protein content.
Morrison Seger Venture Capital Partners (Dallas, TX) invested in xAI (San Francisco, CA), a company working on building artificial intelligence to accelerate human scientific discovery.
Perot Jain (Dallas, TX) participated in the $15M Seed round for Scout AI (Sunnyvale, CA), a startup building the AI foundation model for defense robotics, with a focus on vision-language-action (VLA) capabilities for military applications. The round led by Align Ventures and Booz Allen Ventures with participation from Draper Associates, Decisive Point Ventures, Sigmas Group, Evolution VC, BVVC, Habitat Partners, Piedmont Capital Investments, FJ Labs, Revelry Venture Partners, Monte Carlo Capital, Expansion VC, and Gaingels.
Renn Global Entrepreneurs Fund (Dallas, TX) participated in the $6.7M Seed round for Plug (Santa Monica, CA), a provider of an EV-exclusive wholesale online auction platform. The round was led by Floodgate, Autotech Ventures and A* with participation from Leap Forward Ventures, Cleo Capital, Toba Capital and ODF.
Scientific Health Development (Dallas, TX) participated in the $7M Series A for SecondWave Systems (St. Paul, MN), a clinical stage medical device company. The round was led by Treo Ventures and a major healthcare strategic, with participation from the University of Minnesota’s Discovery Capital and SSBCI funds.