Howdy folks,

Welcome to the 32nd edition of the Dallas Venture Deals newsletter. February may be the shortest month of the year, but it did not slow much down around DFW. From early-stage AI startups to growth equity and strategic acquisitions, the momentum across North Texas continues to build. We are seeing more founders tackle real operational problems in healthcare, cyber, lending, and manufacturing, and more capital ready to back them.

The biggest headlines this month came from the top of the market. Yendo secured a $200M funding commitment from i80 Group to scale its AI-enabled credit card products. Uptiq raised a $25M Series B to expand its AI agents inside banks and credit unions. On the corporate side, Texas Instruments announced a $7.5B acquisition of Silicon Labs, a major strategic move that underscores the depth of semiconductor and hardware leadership tied to Dallas. AT&T Ventures also participated in Apptronik’s now $935M+ Series A, one of the largest robotics financings in the country. These are meaningful, market-shaping transactions, and they all have strong DFW fingerprints.

We also want to congratulate our friend, Rogers Healy, on the successful acquisition of Rogers Healy and Associates by Compass — another meaningful outcome for a Dallas-based operator this month.

At the earlier stages, the pipeline remains healthy. Companies like Cydelphi and SpendRule closed new seed rounds, while American Drone Network, ILS Gummies, and KLOwen Orthodontics added growth capital. Meanwhile, local investors were active across nuclear energy, advanced batteries, robotics, digital assets, and sustainability. The throughline is clear. Dallas-Fort Worth continues to pair technical innovation with practical execution, building companies that solve real-world problems and attracting capital that is comfortable backing them.

Venture Deals

DFW-Based Company Fundings

American Drone Network (Dallas, TX), a platform that connects businesses with vetted commercial drone pilots and provides training, hardware, and operational support for drone programs, raised $1.85M from undisclosed investors.
Cydelphi (Dallas, TX), an AI-native digital forensics & incident response (DFIR) platform company that bolsters cyber resilience, emerged from stealth with a $3M Seed round led by Glasswing Ventures, with participation from Blu Ventures, Hyde Park Angels, and Merlin Group.
ILS Gummies (McKinney, TX), a full-service manufacturer of gummy products for both emerging and established supplement brands, received investment from Patriot Capital, Edgehill Management, ECP Growth, and Providence Investment Partners.
KLOwen Orthodontics (Richardson, TX), a producer of custom orthodontic appliances and digital treatment solutions, raised $8M from undisclosed investors and appointed Chris Bentson to its Board of Directors.
Oh YAAS (Dallas, TX), an experiential trading card company transforming collectibles into interactive experiences, raised a Series Seed round led by Charles & Potomac Capital (Dallas, TX).
Rogers Healy and Associates (Dallas, TX), one of the largest independent brokerages in Texas, employing more than 400 people and generating billions in annual sales, has been acquired by Compass, the nation’s largest real estate brokerage.
SpendRule (Dallas, TX), an AI-powered platform helping healthcare systems track their spending, raised a $2M Seed round led by Abundant Venture Partners with participation from MemorialCare Innovation Fund and Zeal Capital Partners.
Uptiq (McKinney, TX), which builds AI agents that automate lending and wealth workflows inside banks and credit unions, raised a $25M Series B led by Curql, with participation from Silverton Partners, 645 Ventures, Broadridge, Green Visor Capital, Live Oak Ventures, First Capital, Epic Ventures, Tau Ventures, and Evolution VC.
Yendo (Dallas, TX), a fintech company serving main street consumers, received a $200M funding commitment from i80 Group to fuel growth of AI-enabled credit card products.

DFW-Based Investor Transactions

American Heart Association Ventures (Dallas, TX) participated in the Series B financing for Cartwheel (Cambridge, MA), a trusted mental health platform for K-12 schools, students, families, and staff. The round was led by A-Street with participation from Citi Impact Fund, Britebound, Menlo Ventures, General Catalyst, Reach Capital, and Able Partners.
AT&T Ventures (Dallas, TX) participated in the $520M Series A-X extension for Apptronik (Austin, TX), a human-centered robotics company developing AI-powered robots to support humanity in every facet of life. The round included participation from existing investors B Capital, Capital Factory, Google, Mercedes-Benz and PEAK6, and new investors John Deere and Qatar Investment Authority (QIA). The extension round follows a $415M oversubscribed initial Series A raise in 2025, bringing the total Series A to more than $935M.
Balerion Space Ventures (Dallas, TX) participated in the $124M Series C for Machina Labs (Los Angeles, CA), a leader in advanced manufacturing and robotics. Additional investors include Woven Capital, Toyota’s growth-stage venture arm, Lockheed Martin Ventures, and Strategic Development Fund (SDF).
Caterpillar Venture Capital (Irving, TX) led the first close of the Series B for ElevenEs (Subotica, Serbia and Luxembourg), a manufacturer of advanced battery cells, developing sustainable solutions for industrial and energy storage applications. The round included participation from an affiliate of BST (HK) Ltd. a leading Hong Kong-based commodity trading house.
Charles & Potomac Capital (Dallas, TX) led the Series Seed round for Oh YAAS (Dallas, TX), an experiential trading card company transforming collectibles into interactive experiences.
ConsenSys (Fort Worth, TX) led a Strategic round for MYX (Singapore), an innovative decentralized perpetual exchange that achieves zero slippage through its unique Matching Pool Mechanism (MPM). The round included participation from Consensys Mesh and Systemic Ventures.
Lavni Ventures (Irving, TX) participated in the $3M pre-Series A funding for PadCare Labs (Pune, India), a sustainability startup that specializes in hygienic, decentralized, and eco-friendly sanitary pad disposal and recycling. The round was led by Rainmatter with participation from 3i Partners, 3one4 Capital, Brigade REAP, and PKRBCV Shroff Trust.
NGP (Dallas, TX) participated in the $33M Series A for Alva Energy (Cambridge, MA), the nuclear energy company making it faster and easier to safely boost power from existing nuclear reactors. The round was led by Playground Global with participation from Segra Capital, Mercator Partners, Alumni Ventures, 8VC, Logos, Australian energy specialist Simon Holmes à Court, and philanthropist and environmental activist Isabelle Boemeke.
Patriot Capital (Dallas, TX) announced a debt and equity co-investment in Flash-Rite (Maitland, FL), a provider of traffic safety and control services to municipalities, utilities, and event customers throughout Central Florida. Co-investors include Northcreek Mezzanine and the Clearwell Group.
Patriot Capital (Dallas, TX) invested in ILS Gummies (McKinney, TX), a full-service manufacturer of gummy products for both emerging and established supplement brands. Additional investors include Edgehill Management, ECP Growth, and Providence Investment Partners.
Sabre Corporation (NAS: SABR)(Southlake, TX) participated in the $1.5M Pre-Seed round for BizTrip AI, a maker of AI-powered travel management technology. The round was led by RRE Ventures, with participation from AI Fund, BAG Collective, BAG Ventures, Correlation Ventures, and angel investors.
Texas Instruments (NAS: TXN)(Dallas, TX) announced its $7.5B acquisition of Silicon Labs (NAS: SLAB)(Austin, TX), a leader in secure, intelligent wireless technology.
Uptown Agency (Dallas, TX) launches Uptown Brands investment platform to invest in select companies the agency serves, aligning capital with strategic marketing expertise and long-term brand-building support.
Vibrant Capital (Dallas, TX & Fort Worth, TX) announced its launch as an operator-led investment and company-building platform focused on turning artificial intelligence into “measurable results in the real economy.”