Author: harrisondfw

Flows of capital to Dallas-area startups are off to a rapid start in 2023, a trend that mirrors last year's before venture support plummeted amid economic uncertainty at the end of the year.Since Jan. 1, at least five companies founded in North Texas have attracted significant investment, including the region's newest “unicorn” (awarded to a startup that reaches a valuation of $1 billion). This includes a $300 million round with a label.Previous investment transactions include:Dallas-based ShiftKey has donated $300 million to a technology company that connects qualified professionals with healthcare companies seeking open shifts. Investors include Lorient Capital, Ares Management,…

Dallas Venture Capital on Friday announced the launch of the Rs 3,500 crore DVC India fund and a partnership with tech startup incubator T-Hub.The fund’s focus will be on startups in the enterprise technology and B2B SaaS space. T-Hub’s backing will enable the fund to identify and invest in fast-growing, innovative startups. According to the US and India-based venture capital firm, startups will be supported in developing innovative technologies that meet global market needs, increasing the efficiency of their IT infrastructure and team productivity, resulting in improved top-line performance.According to a T-Hub announcement, DVC India Fund has already invested in…

Envision Dallas received a $1 million donation from Dallas residents Larry and Susan Kimbler. This donation will be used to renovate a new facility to meet the needs of more than 150,000 North Texans facing vision loss and a lack of available services. Larry Kimbler is a former president of the American Foundation for the Blind and a member of the Envision Board of Directors. Envision is one of the largest service providers and employers for the visually impaired in Texas. Envision Dallas said its purpose is to provide life-changing opportunities to people who are often overlooked. “I'm excited to…

The owners of the sprawling Dallas Market Center complex north of downtown are looking to the future with a potential redevelopment plan.Founded in the 1950s by legendary Dallas developer Trammell Crowe, Dallas Market Center spans more than 40 acres on Stemmons Freeway at Wycliffe Avenue.With nearly 5 million square feet of space in four large buildings, this wholesale trade complex attracts millions of visitors annually.The property's future could include further construction to make it a major employment center for Dallas.D-FW Real Estate NewsGet the latest news from Steve Brown and the Business staff.Dallas architect Kogan has created a “mixed-use development…

The owners of the sprawling Dallas Market Center complex north of downtown are looking to the future with a potential redevelopment plan.Founded in the 1950s by legendary Dallas developer Trammell Crowe, Dallas Market Center spans more than 40 acres on Stemmons Freeway at Wycliffe Avenue.With nearly 5 million square feet of space in four large buildings, this wholesale trade complex attracts millions of visitors annually.The property's future could include further construction to make it a major employment center for Dallas.Dallas architect Kogan has created a “mixed-use development master plan” for the property, which includes millions of square feet of proposed…

It was a year in which the Texas economy continued to be crushed. Or so we thought.After recovering all of its pandemic-related job losses by November 2021, the state continued strong growth through most of 2022, adding workers at more than twice the normal pace.In August, the Dallas Fed predicted Texas would add more than 674,000 jobs for the year, after raising its monthly employment forecast several times.This was before the significant downward revision based on the quarterly employment report. That was also before the spike in interest rates started cutting deeper into the housing market and other parts of…

(TNS) — Even if you've heard it before, there's another reason to be thankful. That means the local job market is crushing the market again.Dallas-Fort Worth, Texas, added a seasonally adjusted 19,500 jobs in October, the largest monthly increase since May, according to data from the U.S. Bureau of Labor Statistics.When you take a longer view, the numbers are even more impressive. In the 12 months ending in October, D-FW added 255,000 jobs. This is far above historical pace and above last year's pace as the economy was recovering from the pandemic.In the decade before the coronavirus outbreak, North Texas…

The Dallas Police and Fire Pension System Fund faces a $3 billion unfunded liability, city officials were informed this week.City Council members learned Tuesday that a 2017 legislative plan to resolve decades of problems with the fund was not as successful as the city had hoped. As it stands, the pension fund that provides retirement, death and disability benefits to Dallas police and fire rescue personnel will remain fully funded for another 68 years if nothing changes, according to the council's presentation to Government Performance and Financial Management. This means that they will not be covered. Committee.“A viable solution would…

Starship Robots' seasonal robots now roam US campuses and UK citiesSan Francisco (October 31, 2022) — Halloween is here and that means candy, costumes, and walking pumpkins. If you scratch your head at that last one, you may not have visited the many university campuses and cities in the US, UK, and Europe where “Pumpkinbots” make deliveries. For a limited time, these orange bots are making deliveries, courtesy of Starship Technologies, the world's leading provider of automated delivery services.Although numerous sightings have already been reported, many Pumpkinbots have escaped and remain missing. Starship Technologies is offering a reward to anyone…

Almaden Genomics Chief Scientific Officer Mark Knitomi (left) and Almaden Executive Chairman Tricia D'Cruz [Photos: Almaden Genomics] Catalyze Dallas Holdings is making its first foray into the biotechnology space with the launch of its latest portfolio company. A Dallas-based venture development firm specializing in commercializing technologies acquired from Fortune 100 companies has launched Almaden Genomics. The company's newly released platform aims to “democratize and accelerate bioinformatics by breaking down barriers in biotechnology research and development.” Almaden was part of IBM Research before becoming an independent company under the ownership of Catalyze Dallas. “Personalized medicine, which takes a patient's genetic makeup…