Colossal Raised $60M, Alto’s New HQ, and More DFW Tech News

Catch up on the latest news from the Dallas-Fort Worth tech scene.

Written by Cassidy Ritter
Published on Mar. 14, 2022
Colossal Raised $60M, Alto’s New HQ, and More DFW Tech News
DFW skyline
Photo: Colossal / LinkedIn

From genetic engineering companies bringing back woolly mammoths to a local fintech company landing among the nations top startup employers on a Forbes list, the DFW tech seen was busy last week. Catch up on the latest. This is the Built In DFW weekly refresh.

Blockmetrix gained $43M. Dallas-based bitcoin mining company Blockmetrix announced it raised a $43 million Series B round last week. The fresh funding comes nine months after the company launched and will be used to add more than 5,000 mining rigs to its facility. [Built In DFW] 

Alto is building a new HQ. Alto, a membership-based ridesharing company, is building a new 16,000-square-foot headquarters in the Design District. This is nearly 4x the size of the company’s current Dallas headquarters. Alto has 75 employees in Dallas and has experienced significant growth since launching in 2018. [Dallas Innovates]

DFW Tech Quote of the Week

“We’re making the path to de-extinction and species preservation a reality by bringing the planet one step closer to reversing the downward trend of ecosystem degradation and the staggering loss of biodiversity through cutting edge genetic tools. The technologies and solutions developed through our mammoth restoration project will not only return Arctic elephants to the tundra, but will target larger implications for conservation, science and humanity.” — Ben Lamm, Colossal co-founder and CEO

Colossal raised $60M. Coming off a fresh Series A round co-led by Thomas Tull and At One Ventures, Colossal aims to bring back woolly mammoths through genetic engineering. The tech company, with a presence in Dallas, Austin and Boston, will use the fresh funding to hire software engineers and biologists. Colossal says genetic engineering technology can also be used to enhance food production, animal and human health and more. [Business Wire]

Bestow landed on Forbes’ Best Startup Employers list. Fintech company Bestow ranked number 16 on Forbes’ list of America’s Best Startup Employers. The list ranks 500 U.S. startups founded between 2012 and 2019 based on employee satisfaction, employer reputation and growth. In addition to claiming this title, Bestow is actively hiring for more than 30 positions spanning its data and analytics, engineering and marketing teams. [Forbes]

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