It was another busy week for tech in the DFW metro, with a software company calling Plano home and a sexual wellness app raising capital. Catch up on the latest. This is the Built In DFW weekly refresh.
LiveOak got $210M. The Austin-based VC firm announced the funding along with news that it will continue investing in early-stage, Texas-focused startups. The funds will be distributed to innovative startups in amounts ranging between $1 million and $5 million. In Dallas, LikeOak has participated in funding rounds for AmplifAI, Mavenir and Take Command Health. [Built In DFW]
Southlake medtech startup raised $7M. Launched in 2020, AvodahMed offers socially-distanced medical solutions for patients and doctors. Its platform offers doctors the ability to conduct virtual checkup with patients and real-time language services. AvodahMed also uses AI to monitor patient data and manufactures sensors to detect patients’ vitals. The company will use its latest funds to expand its digital platform. [Built In DFW]
DFW TECH QUOTE OF THE WEEK
13 DFW companies featured on the Deloitte 2021 Technology Fast 500 list. Consulting firm Deloitte announced North America’s fastest-growing tech companies, with Dallas area companies featured heavily. The list ranks companies based on their revenue growth over the past three years. This year, Compass Datacenters, o9 Solutions, Brainvire Infotech, Aligned and Crayon were ranked as the top five fastest-growing companies in the DFW metro. [Built In DFW]
Origina opened its U.S. headquarters in Plano. The Dublin-based software company provides third party support for IBM software and has offices in Dublin and London. The company’s new Plano location will act as its U.S. headquarters. CEO Tomás O’Leary stated that Origina will build out a team of 80 employees to staff the Plano office. [Built In DFW]
Female wellness startup secured $2M. Dallas-based Rosy Wellness is a digital platform for sexual education. The app provides videos, classes and sex coaching with the goal of empowering women to talk about sexual health issues. The new capital was secured in a seed funding round led by Austin-based VC True Wealth Ventures. Rosy Wellness will use the new funds for future development of its mobile app and to grow its team. [GlobeNewswire]