Dallas Venture Deals

July 2025

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Howdy folks,

Welcome to the 25th edition of the Dallas Venture Deals newsletter. We hope y’all had a safe and joyful Fourth of July. Before we dive into this month’s venture activity, we want to pause and acknowledge the catastrophic flooding that hit the Texas Hill Country earlier this month.

Many of us have deep ties to the region. It’s where memories are made tubing down the Guad and gathering with family under the cypress trees. Jonathan’s nieces and nephews spent much of the summer there, so the stories of lives lost, rescues by boat and helicopter, and whole communities turned upside down struck a personal chord.

As always, Texans stepped up. First responders, volunteers, neighbors… grit, heart, and community are just part of the DNA around here.

If you’re looking for a way to lend a hand, the Kerr County Flood Relief Fund is doing important work on the ground. We’ll match donations up to $500. Just send us your receipt, and we’ll do the rest.

Because here in Texas, when things get tough, we get tougher.

Now back to the business of building the future.

North Texas companies continued to draw serious attention this month. Apollo Information Systems-backed iCounter launched with a $30M Series A to combat cyber threats, while Lapis Carbon Solutions received follow-on funding to power the energy transition. Rare Candy brought new venture flavor to Grapevine, and up in Plano, Emergent Connext closed an oversubscribed $5M round to modernize rural connectivity.

On the investor side, Dallas-based firms made bold moves across sectors, from Goldcrest’s bet on energy computing to SHD Partners backing a game-changing medical device for cancer patients, North Texas investors continue showing up on the cap tables of the world’s most ambitious companies.

The pace is steady, the dollars are big, and the future is still being built right here in DFW.

Long DFW. Long Texas.

Venture Deals

DFW-Based Company Fundings

Billee Technologies (Dallas, TX), a utility management platform for the multifamily industry, raised a $9.15M Seed round led by RET Ventures.
Brazos Safety Systems (Fort Worth, TX), a provider of cloud-based flight safety software, raised growth capital from Altaline Capital Management.
Emergent Connext (Plano, TX), the nation's first carrier-grade rural IoT network and solutions integrator, raised an oversubscribed $5M Seed round co-led by Bob Trogele (CEO of Verdelis Investments/ProAgInvest) and Jim Timmer (telecom & digital infrastructure executive), with additional participation from 20+ agriculture and telecom investors.
iCounter (Dallas, TX), a cyber risk intelligence provider enabling companies to counter targeted cyber-attacks through precision risk intelligence, was publicly launched by Apollo Information Systems (Dallas, TX) and raised a $30M in Series A led by SYN Ventures.
Lapis Carbon Solutions (Dallas, TX), a partner for energy-intensive industries wanting to achieve their carbon goals through the delivery of carbon capture, utilization, and storage (CCUS) projects, received its second investment from Cresta Fund Management (Dallas, TX).
Nexii (Dallas, TX), a leading manufacturer of precision wall and roof systems for commercial and industrial buildings, received an equity investment from Nucor Corporation (NYSE:NUE).
Rare Candy (Grapevine, TX), a digital collectibles marketplace, raised an undisclosed amount from Konvoy Ventures and others

DFW-Based Investor Transactions

1845 Venture Studio (Dallas, TX) was launched by Trey Bowles and Ryan Brown to boost DFW startups.
Cresta Fund Management (Dallas, TX) made its second investment in Lapis Carbon Solutions (Dallas, TX), a partner for energy-intensive industries wanting to achieve their carbon goals through the delivery of carbon capture, utilization, and storage (CCUS) projects.
Dallas Venture Capital (Irving, TX) co-led the $5M Series A for iTuring.ai (Bangalore, India), an enterprise-grade AI/ML platform for the Banking, Financial Services & Insurance (BFSI) sector. The round was co-led by Mela Ventures.
Eagle Venture Fund (Southlake, TX) invested in Implicit Good, an elite investigative services firm using proprietary methodologies and cross-sector expertise to bring justice within reach for vulnerable populations such as the exploited and trafficked.
Goldcrest Capital (Dallas, TX) co-led the $13.5M Seed round for Unblock, the energy infrastructure company turning stranded energy into computing power. The round was co-led by Collaborative Fund with participation from Pampa Energia, Grupo Sielecki, FJ Labs, NYDIG, Luxor Technology, Sunna Ventures, and prominent Latin American entrepreneurs.
Harlow Capital Management (Dallas, TX) participated in the $2.5M Seed round for Bifrost Electronics (Boulder, CO), a deep tech company working at the intersection of quantum information and infrastructure. The round was led by Caruso Ventures.
Interlock Partners (Dallas, TX) participated in the $38M Series A for Honor Education (San Francisco, CA), the learning platform and solutions provider transforming how individuals and organizations build skills, mindsets, and cultures. Additional investors include Alpha Edison, Wasserstein & Co, Audeo Ventures, New Wave Capital, and others.
Rosewood Private Investments (Dallas, TX) sold its portfolio company Eagle Fire (Richmond, VA), a mission-critical fire and life safety services provider, to Cobepa S.A., a privately held investment company. As part of the transaction, Rosewood will remain invested in the business as a minority shareholder.
SHD Partners (Dallas, TX) participated in the $11M Series A for Cooler Heads (San Diego, CA), a pioneering medical device company behind Amma™, the only FDA-cleared Portable Scalp Cooling System. The round was led by Mutual Capital Partners, with participation from Crescent Ridge VC, Cal Innovation Fund, NuFund, Robin Hood Ventures, Golden Seeds, HIP VC, and an unnamed strategic investor.
Silent Ventures (Dallas, TX) participated in the $131M strategic funding round for Armada (San Francisco, CA), the hyperscaler for the edge. Additional investors include Pinegrove, Veriten, Glade Brook, Founders Fund, Lux Capital, Shield Capital, 8090 Industries, M12 (Microsoft's Venture Fund), Overmatch, Felicis, and Marlinspike.
Westcott Investment Group (Dallas, TX) participated in the $15M Series A for Ekho (New York, NY), a platform for online vehicle purchases to OEMs and auto dealers. The round was led by Activant Capital, with participation from JPMorgan Payments, Winnebago Industries, Y Combinator, RiverPark Ventures, Funding Secured (the Tesla alumni fund), Steve Rayman (auto dealer operator), Severin Hacker (CTO, Duolingo), Billy Blaustein (launched Tesla Direct Delivery), and Jimmy Douglas (former Tesla executive).