Sent: Tue, 20 Feb 2024 02:27:45 +0000
To: [email protected]
Subject: Austin Weekly Deal Highlights – Feb 19th, 2024
Austin Weekly Deal Highlights
February 19th, 2024
Isn’t it crazy how 2021 was like 2 weeks ago, yet South By Southwest 2024 is only 17 days away? Make sure to either lock in your schedule, or lock in a trip outside of the city. Reminder that this conference draws in over 300k attendees, and it is quickly approaching!
Let’s see, what happened this week… Well, Elon Musk’s SpaceX has filed to change its incorporation from Delaware to Texas in what looks to be a move sparked by his CEO pay package. And what else… So, we of course we know Austin is the 10th largest city in the US and a major technology hub, but did you also know about its major automotive manufacturing presence?? After Tesla’s massive factory in eastern Travis County, this week we have reports that a major Toyota supplier is building a $100M facility. A diverse economy is a strong one, so love to see the continued investment in the sector.
Texas Weekly Deal Activity
- CesiumAstro, who provides out-of-the-box communication systems for satellites, UAVs, launch vehicles, and other space or airborne platforms, raised $30M in new equity funding. The new funding filing with the SEC follows a $60M venture round in 2022 that was co-led by Airbus Ventures and Forever Ventures. The company has raised approx. $120M to date.
- Sage Geosystems, a Houston-based developer of a geothermal system that stores and dispatches energy with pressurized water, raised $17M in a first close of its Series A round. Chesapeake Energy led, and was joined by Arch Meredith, Helium-3 Ventures and existing investors Virya, Nabors Industries, and Ignis Energy.
- Merit Medicine, an Austin-based provider of software that predicts increases in employer medical costs and health insurance claims, raised $2M in seed funding from LiveOak Ventures.
- Illumine-i, an Austin-based sustainable design and engineering firm, raised a $2M Series A round from Anicut Capital.
- Sapience Analytics, a Plano-based platform for workforce productivity and work-time trends, received an undisclosed amount of growth capital from private equity firm Kayne Anderson Capital. Existing investors include Orios Venture Partners, and Credit Suisse NEXT Investors.
- Dallas’ MB2 Dental, a leading dental partnership organization, raised a $2.3 Billion debt facility with KKR to fund acquisitions and growth
- The Woodlands-based medical device company Autonomix Medical grossed more than $11.1 million in its recent IPO. The company’s stock now trades on the NASDAQ under the symbol AMIX.
Austin News
- SpaceX, the rocket ship manufacturer founded by Elon Musk, files to move incorporation site from Delaware to Texas
- Tesla moves forward with plans to occupy nearly 1M square feet in Kyle
- Hanwha Advanced Materials LLC, a massive global automotive parts supplier that works with Toyota, is planning a major investment in Williamson County, with the intention of investing $100M into a 200,000- square-foot industrial building on 38 acres just outside the city limits of Georgetown.
- New $20M advanced manufacturing and robotics center planned near Tesla
- The U.S. Department of State’s Bureau of Educational and Cultural Affairs again recognized The University of Texas at Austin for being one of the colleges and universities with the highest number of students selected for the Fulbright U.S. Student Program.
- Apple inks lease for Westlake-area office building as the iPhone maker grows its headcount in Austin.
Thank you!
