Dallas Venture Deals

June 2025

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Howdy folks,

Welcome to the 24th edition of the Dallas Venture Deals newsletter. What better way to celebrate freedom this 4th of July than to acknowledge and reflect on the pace at which capital is flowing freely to and from companies in our region. Our market continues to heat up, and through just half of this year, we've amassed more than $1.4B, matching last year’s total in only six months.

Caris Life Sciences out of Irving led the charge with a $494M IPO, one of the largest national listings this year and a milestone moment for the region’s growing strength in life sciences. Aerones, with its Dallas footprint and Latvian roots, closed a $62M round to bring robotics and AI to the wind energy sector showing a strong signal for the future of energy tech in Texas.

DataBahn.ai raised $17M to help enterprises move faster and more securely in the cloud, while Guidehealth brought in $10M from Emory Healthcare to advance its AI-enabled value-based care platform. Nada continued making moves in the home equity space, combining a $9M venture round with the acquisition of $10M in home equity agreements to expand its fund.

On the investor side, North Texas capital continues to reach far and wide. Actium Group led a $15M investment in biotech startup Signify Bio, joined by the Gates Foundation and Eli Lilly.

Maverick Capital backed Boulder-based Infleqtion, a quantum tech company, in a $100M Series C. And AT&T Ventures took part in a $540M round for Cyera, the fastest-growing data security company on record.

From frontier tech to healthcare, and from Fort Worth to Plano, the DFW region continues to punch above its weight. As always, thanks for reading and staying close to the action.

Happy 4th of July. Long America. Long Texas.

Venture Deals

DFW-Based Company Fundings

Aerones (Dallas, TX & Riga, Latvia), the world’s leading provider of robotic inspection, maintenance, and AI-driven solutions for wind turbines raised a $62M funding round co-led by Activate Capital and S2G Investments (“S2G”), with additional participation from Carbon Equity and Overlap Holdings, alongside existing investors Lightrock, Blume Equity, Metaplanet, Change Ventures, and Extantia.
Caris Life Sciences (Irving, TX), a developer of AI-driven molecular profiling for cancer diagnosis and treatment selection, raised $494M in an IPO led by BofA Securities, J.P. Morgan, Goldman Sachs, and Citigroup.
DataBahn.ai (Dallas, TX), creator of a security-native data pipeline platform built for modern enterprise workloads, raised a $17M Series A led by Forgepoint Capital, with participation from S3 Ventures and GTM Capital.
eMotive Software (Fort Worth, TX), a developer of an ERP system for auto dealerships and independent lenders, raised a $2.75M Seed round.
EtiraRX (Dallas, TX), a biotechnology company committed to transforming the lives of patients with untreatable, therapy-resistant cancers, raised a $2.4M Seed round.
Guidehealth (Dallas, TX), an AI-enabled value-based care provider for health systems, raised a $10M strategic investment from Georgia-based academic health system Emory Healthcare.
OncoNano Medicine (Dallas, TX), a clinical-stage oncology company working to transform cancer therapeutics with nanotechnology, raised a $12.7M Series B round from undisclosed investors.
Signify Bio (Dallas, TX), a biotechnology company harnessing the human body for the production of in situ protein therapeutics, raised $15M of venture funding led by Actium with participation from Eli Lilly, Gates Foundation and others.
XPFlow (Dallas, TX), a provider of an AI-powered operating system for affiliate management tasks, raised a $3.5M in a Seed round.
Zevo (Dallas, TX), the first peer-to-peer marketplace for electric vehicle (EV) sharing, raised $6M across pre-seed and seed rounds from a small group of high-net-worth private investors.

DFW-Based Investor Transactions

Actium Group (Dallas, TX) led the $15M venture funding round for Signify Bio (Dallas, TX), a biotechnology company harnessing the human body for the production of in situ protein therapeutics. Additional participation from Eli Lilly, Gates Foundation and others.
Apex Fintech Solutions (Dallas, TX) co-led a strategic investment round for Bruce Markets (Chicago, IL), an Alternative Trading System offering secure overnight access to U.S. markets. The round was co-led by Fidelity Investments, Nasdaq Ventures, NH Investment and Securities, PEAK6 Investments, Robinhood, tastytrade, and Webull.
AT&T Ventures (Dallas, TX) participated in the $540M Series E for Cyera (New York, NY), the fastest growing data security company in history. The round was led by Georgian, Greenoaks, and Lightspeed Venture Partners, alongside existing investors Accel, Coatue, Cyberstarts, Redpoint, Sapphire Ventures, Sequoia Capital, and Spark Capital. This raise comes just six months after the previous round, and doubles the company’s valuation to $6B.
Balerion Space Ventures (Dallas, TX) participated in the $300M Series C for Impulse Space (Redondo Beach, CA), the in-space mobility leader. The round was led by Linse Capital with participation from DFJ Growth, Valor Equity Partners, Founders Fund, Lux Capital, RTX Ventures, DCVC, Airbus Ventures, Spring Tide, First Principles Group, Tamarack Global, and Trousdale Ventures.
Eagle Venture Fund (TX) participated in the $5M Series A for Rabitat ( New Delhi, India), a kids’ drinkware and foodware D2C brand. The round was co-led by RPSG Capital Ventures and DSG Consumer Partners, with participation from Capital A, Accurize Syndicate, Flair Writing Family Office, AG Ventures, as well as reputed angels.
Green Park & Golf Ventures (Dallas, TX) participated in the Series A for Vellum Health (Austin, TX), the mobile healthcare platform delivering advanced intravenous (IV) services at the bedside. The round was led by FCA Venture Partners, with participation from seed round angel investors.
Maverick Capital (Dallas, TX) participated in the $100M Series C for Infleqtion (Boulder CO), the only company actively commercializing atom-based quantum systems across computing, sensing, and precision timing. Additional investors include Glynn Capital, Counterpoint Global, S32, SAIC, Axial, Breakthrough Victoria, Caruso Ventures, Cyfr Capital, Golden Vision Capital, Global Frontier, In-Q-Tel, LCP, National Security Strategic Investment Fund, Olive Ventures, Overmatch, S Ventures, and the Wisconsin Alumni Research Foundation.
McKesson (NYSE: MCK) (Irving, TX) completed its acquisition of Core Ventures, a business and administrative services organization established by Florida Cancer Specialists & Research Institute (FCS). McKesson acquired an approximate 70% controlling interest for about $2.49B.
Nada (Dallas, TX) - Nada’s U.S. Home Equity Fund acquired $10M in Home Equity Agreements to expand diversified portfolio.
NGP (Dallas, TX) participated in the $135M Series B for PhysicsX (London, UK), a company accelerating industrial innovation with AI. The round was led by Atomico, with participation from Temasek, Siemens, Applied Materials, July Fund, General Catalyst, Radius Capital, Standard Investments, and Allen & Co.
Perot Jain (Dallas, TX) participated in the strategic investment round for Noteefy (Los Angeles, CA), the leader in demand and revenue management technology for golf and resort operators. The round was led by by Powerhouse Capital, with participation from Teamworthy Ventures, Phoenix Capital Ventures, and a syndicate of industry veterans across golf, travel, and hospitality.
Securonix (Plano, TX) announced the acquisition of ThreatQuotient (Ashburn, VA), a leader in threat intelligence and the force behind ThreatQ, the most innovative external threat intelligence platform
StaffDNA (Plano, TX) announced the acquisition of the per diem staffing business, including the active and passive candidate database of Kevala (Seattle, WA).