For some people, January is a reset month. Others think that if you start the month strong there is good fortune to come throughout the year. If the latter is true, there will be plenty of news coming from DFW tech companies in 2022.
In January, four companies raised a combined $463 million. While some companies raised significantly more capital than others, each funding round hinted at growth and innovation in DFW. Keep reading to see who led the way and how this fresh capital will be spent.
#4. $4 million, January 11
In an oversubscribed seed funding round Skyven, an energy-as-a-service (EaaS) company, secured $4 million to advance its thermal energy heating system and to continue investing in other decarbonization projects across the country. Founded in 2013, the company uses AI and data to seek out decarbonization opportunities and uses this information to create a roadmap for the new project. Skyven also monitors and provides support for the project for the next several years.
#3. $8.5 million, January 26
With no-code platforms being incredibly popular, Vajro is looking to expand its own platform after raising a recent $8.5 million Series A round led by Five Elm Captial. Vajro was founded in 2018 and lets users build an e-commerce application in under an hour without having to write a line of code. The platform also features integration fintech ecosystems such as Klarna. According to the company, the new capital will be used to double Vajro’s headcount over the next year and to build out its sales and marketing teams.
#2. $156 million, January 11
Car Captial is a fintech startup whose platform is used by automotive dealers across the country to instantly approve car loans for individuals looking to buy a vehicle. In January, the company announced it secured two investments — a $150 million credit facility and a $6.12 million equity investment from Fortress Investment Group. Car Captial is currently licensed to operate in 11 states. The new funding will be used to expand its platform into more states and to partner with additional dealerships.
#1. $295 million, January 26
Dallas tech unicon o9 Solutions is starting the year strong with a huge $295 million investment from General Atlantic, BeyondNetZero, Generation Investment Management and KKR. This fresh capital brought the company’s valuation to $2.7 billion. O9 is the creator of the Digital Brain platform, which uses analytics and data to predict supply chain strains and allows customers to plan accordingly. O9 plans to use its new capital to expand into new markets. The company currently has several openings for engineers, technical architects, data scientists and account executives on its website.
