With the year coming to an end, DFW startups and tech companies are rushing to close funding rounds while others are getting a head start on the new year announcing plans for the coming months. Catch up with the latest. This is the Built In DFW weekly refresh.
Momentum Technologies secured $20M. With a shortage of lithium-ion batteries, Tailwater Capital is investing in Momentum Technologies, a Dallas-based company that recycles used batteries. Momentum uses its patented Membrane Solvent Extraction (MSX) technology to separate metals from electrics not only to reduce waste but also to repurpose the metals. The fresh capital will be used to build Momentum’s first two battery recycling plants. [Built In DFW]
IDonate brought in $15.2M. On the heels of its Series B funding round led by MissionOG, iDonate will ramp up sales and marketing for its donation platform. The Plano-based company was founded in 2010 and helps nonprofit organizations process donations from individuals through mobile, web and text means. The platform also facilitates non-monetary donations. Since launching, iDonate has raised $42.7 million in funding and has partnered with the Midwest Food Bank, Jewish Federations and Jefferson University. [Built In DFW]
DFW Tech Quote of the week
Match Group announced plans to reach carbon neutrality. Match Group, the parent company of popular dating apps Tinder, Hinge and OkCupid, said it will be a carbon-neutral company by March 2022 through the purchase of carbon offsets. Offsets are a method to invest in environmental projects that will remove CO2 from the atmosphere. The announcement from Match Group comes after it listed environmental sustainability as a key issue in its 2021 Impact report. The company has also taken other green initiatives such as outfitting its LA office with over 40,000 plants to create natural shaded areas. [Built In DFW]
Prolucent Health raised $11.5M. With the Series A funding round, Prolucent Health is looking to onboard 40 new employees to its sales, marketing and client services teams as it continues expanding its medical worker-focused jobs platform. Prolucent was launched in 2019 and helps medical employers find qualified candidates. The platform can also be used by workers themselves to search of both part-time and full-time employment as well as contingent positions. The company has also been looking to add a new advising feature to its platform that would mentor employees in search of employment in the medical field. [Built In DFW]
Real estate entrepreneur launched Common Dwelling. Ty Lee, a DFW real estate entrepreneur and managing director of Common Ground Captial, announced the launch of a new startup. Common Dwelling will use crowdfunding to help non-accredited individuals purchase properties as real estate investments. Investments start at just $100. The startup will purchase single-family homes and rent them for three to five years. [NTXInno]
MassChallenge announced its latest pitch competition. Masschallage, a zero equity accelerator program, is launching a pitch competition in Dallas on January 27. The live, in-person competition will take place at Pegasus Park. Winners of the challenge will earn a spot in the MassChallenge 2022 Global Early-Stage Program, a mentorship program for early-stage startups. Applications for the competition go live on December 31. [Dallas Innovates]