Howdy folks,

Welcome to the 35th edition of the Dallas Venture Deals newsletter.

May was a strong month for exits around North Texas, with two companies heading to the public markets. Irving-based Breeze Acquisition Corp. II priced a $125M SPAC on Nasdaq (BREZU), targeting healthcare, robotics, and AI. A day later, Global Medical Response went public on the NYSE in a $479M IPO (GMRS).

DFW capital stayed active on the private side too. RA Capital led a $30M Series A into Secretome Therapeutics to advance its Duchenne-associated cardiomyopathy program, and Onramp Bitcoin raised a $12.5M Series A at a $135M valuation to scale its multi-institution Bitcoin custody platform.

Plenty to cover this month. Let's get into it. Stay cool out there.

Venture Deals

DFW-Based Company Fundings

Absolute Recomp (North Richland Hills, TX), an operator of fitness centers offering 24/7 access and strength training across DFW, raised $10M from undisclosed investors.
ANSpect Technologies (Irving, TX), a developer of signal processing semiconductors for digital communication networks, raised $1.025M in a Seed from undisclosed investors.
Breeze Acquisition II (Irving, TX) (NAS: BREZU), a special purpose acquisition company targeting businesses in healthcare, biotechnology, advanced manufacturing, robotics, and AI, completed its initial public offering of 12.5 million units at $10.00 per unit, raising $125M, with underwriters subsequently partially exercising their over-allotment option to bring total gross proceeds to $140M. IB Capital LLC and I-Bankers Securities, Inc. served as book-running managers.
EtiraRx (Dallas, TX), a developer of small-molecule therapeutics for therapy-resistant cancers, raised $2.28M from undisclosed investors.
Global Medical Response (Lewisville, TX) (NYSE: GMRS), a provider of air and ground ambulance, mobile healthcare, and disaster response services, raised $479M in its IPO.
Oaklin Lane (Plano, TX), a provider of pediatric speech, occupational, and physical therapy services, raised $3.24M in a Seed from undisclosed investors.
Onramp Bitcoin (Dallas, TX), a provider of multi-institution Bitcoin custody and financial services, raised $12.5M in a Series A led by Early Riders
Secretome Therapeutics (Plano, TX), a biotech company advancing therapies derived from neonatal cardiac progenitor cells (nCPC), raised a $30M Series A from RA Capital Management, a multi-stage investment manager focused on public and private healthcare, life sciences, and planetary health companies.

DFW-Based Investor Transactions

Cowtown Angels (Fort Worth, TX), celebrated the exit of Strategic Thermal Labs (Georgetown, TX), a specialist in advanced liquid-cooling technologies. Strategic Thermal Labs was acquired by Vertiv (NYSE: VRT)(Columbus, OH), a leader in critical digital infrastructure and continuity solutions.
Rogers Healy and Morrison Seger Venture Partners (Dallas, TX) participated in the $13M Series A for MOSH (Los Angeles, CA), a brain health nutrition brand. The round was led by Main Street Advisors with additional participation from Great Circle Ventures, PCG, and Tonic Ventures
Morrison Seger Venture Partners (Dallas, TX) invested in Athena (San Juan, Puerto Rico), an AI-powered executive delegation platform pairing professionals with full-time assistants and coaching to help them reclaim time and increase output.
Morrison Seger Venture Partners (Dallas, TX) invested in Escondido TexMex (Dallas, TX), a neighborhood Tex-Mex restaurant concept known for its resort-style patio, homemade tortillas, and fresh margaritas, currently expanding with a second Dallas location on Greenville Avenue.
Morrison Seger Venture Partners (Dallas, TX) invested in Throne Science (Austin, TX), a health tech company whose AI-powered toilet-mounted sensor passively tracks gut health, hydration, and urinary function with every flush.
Silent Ventures (Dallas, TX) led a $5M pre-seed round for Furientis (Los Angeles, CA), a defense technology startup developing cost-effective defensive munitions. The round included participation from Bessemer Venture Partners, SV Angel and others.
TimelyCare (Fort Worth, TX) acquired Alongside (Seattle, WA), a clinician-designed AI coaching platform developed over several years in partnership with hundreds of schools to support students through everyday challenges.
Wagmi Ventures (Irving, TX) participated in the $3.8M strategic investment round for IOTrader, a project on the BNB Smart Chain. The round was led by Animoca Brands and ViaBTC Capital, with participation from Everwood Capital, CANDAQ, Credit Scend, and Web3 Labs.
Wagmi Ventures (Irving, TX) participated in the $2M funding round for Tomoland, a mobile-first UGC platform that merges AI-powered creation, social interaction, and true IP ownership. The round was led by Sky9 Capital, with participation from Aureus Dealers, alongside angel investors from Meta, Depinx Capital, Netease, and Virtuals.
What if Ventures (Dallas, TX) participated in the $100M Series B for Thea Energy (Kearny, NJ), a technology company advancing the stellarator for the commercialization of an abundant source of baseload fusion power. The round was led by U.S. Innovative Technology Fund with participation from General Innovation Capital Partners, Linse Capital, Calm Ventures, Climate Capital, Divergent Capital, Emerald Technology Ventures, Gaingels, Idemitsu Kosan, Overlay Capital, and Timescale Ventures.