Follow the money: North Texas tech companies raised nearly $264M in September - Dallas Business Journal

In September, at least 27 companies raised new funds totaling nearly $264 million.

M&A activity last month was also hot, with 17 deals involving local companies taking place, along with Lewisville-based blank check company upping its proposed IPO deal size from $50 million to $100 million. The McKinney-based health care services delivery startup has landed a $500,000 interest-free, five-year loan from software giant Microsoft - the first investment from the company's $50 million commitment last year to invest in Black-owned partner companies. The Los Angeles-based company, which was built by startup Zelos Gaming, focuses on packaging video clips from the company's game streaming partners. The blank check company initially announced plans to merge with the company in March. The SPAC raised $300 million in its initial public offering in May 2020, and a private investment in public equity of $330 million, which it expects will carry the company through its first expected cash flows in 2024. According to the agreement, original investors in the SPAC will own about 12% of the combined company, and PIPE investors would own 11%. If approved, DeepGreen would be renamed The Metals Company.


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