Follow the money: North Texas startups raised more than $135M in August
By Kevin Cummings – NTX Inno Staff Writer
In late July, Abe Minkara, a former Mark Cuban Companies exec and Legacy Knight founding partner, told the Dallas Business Journal that “there’s a lot of opportunity to become an entrepreneur in Dallas right now… there’s still a lot of capital out there.” That statement seems prescient with all of the startup and investor funding that took place in August.
Last month at least 12 startups and tech companies raised funding totaling more than $135 million in investments. That amount was led by a $32.5 million private stock sale by Applied Blockchain and a $31.9 million Series A round for Veryable.
Investors mirrored the fundraising activity pulling in more than $396 million for investment vehicles. Other firms like Fort Worth’s biotech-focused Bios Partners and emerging tech firm Dallas Venture Partners announced new funds.