Dallas Venture Deals

February 2025

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Howdy folks,

Welcome to the 20th edition of the Dallas Venture Deals newsletter. We appreciate all the feedback and engagement. While it was a lighter month by way of absolute transaction volume, February was ACTION-packed on the deal front, as Dallas' very own Hunt Energy Enterprises doubled down on ACT-ion Battery Technologies, investing in their latest Series A. Dallas has seen its share of banks find refuge in North Texas, with the latest being data center company DataBank, which raised $250M in new funding after a whopping $2B last October. The future is bright for the builders and backers here in Dallas-Fort Worth. Here's to the next 10 months of 2025.

Venture Deals

DFW-Based Company Fundings

ACT-ion Battery Technologies (Dallas, TX), a Hunt Energy Enterprises' spinout in the lithium-ion battery cathode active materials field, raised a $7.5M Pre-Series A round led by BASF Venture Capital with participation from Hunt Energy Enterprises, Mirae Asset Capital, Arosa Capital Management, and LG Technology Ventures.
Brother's Bond Bourbon (Plano, TX), an award-winning American whiskey brand founded by co-creators, longtime friends, and whiskey experts, Ian Somerhalder and Paul Wesley, raised a $7.5M funding round.
DataBank (Dallas, TX), a provider of enterprise-class edge colocation, interconnection, and managed services, announced a $250M equity investment from New York-based TJC LP, as well as a $600M secondary share offering.
DerbySoft (Dallas, TX), an innovative global technology company dedicated to accelerating travel commerce acquired Arise (San Francisco, CA), an AI automation platform specializing in travel agent–hotel communication and commission reconciliation.
SuperOps (Chennai, India & Dallas, TX), an AI-driven IT platform transforming operations for IT service providers and internal IT teams, raised a $25M Series C led by March Capital, with participation from Addition and Z47.

DFW-Based Investor Transactions

American Heart Association (Dallas, TX) participated in the $4M funding round for SimpliFed (Ithaca, NY), a leader in virtual maternal healthcare. The round was led by Morningside with participation from The Artemis Fund, Cultivation Capital, The Venture Collective, Empire State Development, Waterline Ventures, and previous Angels.
Caladan Capital (Dallas, TX) invested in Digital Harmonic (Columbia, MD), a company specializing in advanced video, signal, and image processing technologies.
Caladan Capital (Dallas, TX) participated in the $5M Seed round for Imua (San Francisco, CA), a provider of a purpose-built L1 blockchain for shared security.The round was led by Draper Dragon, No Limit Holdings, and Paramita Capital with additional participation from Reforge Capital, Tané Labs, Syntax Capital, MH Ventures, 57 Blocks, Lecca Ventures and others.
Goldcrest Capital (Dallas, TX) co-led a $10M Seed Round for Junevity (San Francisco, CA), a biotechnology cell reset therapeutics company. The round was co-led by Godfrey Capital.
Green Park & Golf Ventures led a $5M Seed Round for Affineon Health (Denver, CAO), a leader in AI-powered solutions to streamline the inbox for healthcare physicians and providers. Additional participation from AI Fund, and several other new investors.
Maverick Capital (Dallas, TX) participated in the $21.5M Seed Round for AheadComputing (Portland, OR), a developer of microprocessor cores. The round was led by Eclipse, with participation from Fundomo, EPIQ Capital Group, and CPU architect and current Tenstorrent CEO Jim Keller.
NGP (Dallas, TX) participated in the $500M Series C-1 for X-Energy (Rockville, MD), a leader in advanced nuclear reactor and fuel technology. The round was led by Amazon, with participation from Citadel Founder and CEO Ken Griffin, affiliates of Ares Management Corporation (“Ares”), and the University of Michigan.