Texas Weekly Deal Highlights
April 5, 2026
Happy Easter!
Did you hear that Austin’s city council passed a resolution this week making it easier for residents to run small businesses from their front yards? It means less red tape for people selling artisanal goods, running garden stands, doing small-scale repairs, etc. It’s good to see the spirit of entrepreneurship alive and well in the capital city.
At the other end of the capital spectrum, the city’s venture market had a typically busy week, with deals ranging from a $1.5M seed to a $1.75B defense raise.
Let’s get into it.
Austin Deals
Saronic, a developer of autonomous surface vessels for defense applications, raised $1.75B in a Series D led by Kleiner Perkins with participation from Advent International, Bessemer Venture Partners, BAM Elevate, DFJ Growth, 8VC, and Caffeinated Capital. $2,595M raised to date.
Axzon, a developer of battery-free wireless sensors for real-time industrial and supply chain monitoring, raised $1.5M from undisclosed investors. $11.4M raised to date.
Coder, a developer of cloud-based software development environments, raised $90M in a Series C led by Kohlberg Kravis Roberts with participation from Uncork Capital, Qube Research & Technologies, and others. $172.8M raised to date.
Easy Street Capital, a provider of financing solutions for real estate investors, raised $69.56M from undisclosed investors. $69.56M raised to date.
Fields Good, a producer of better-for-you functional cookies designed to support focus, energy, and sleep, raised $1.83M from undisclosed investors. $1.83M raised to date.
Insight Health AI, a developer of AI-powered healthcare analytics tools, raised $11M in a Series A led by Standard Capital with participation from ElevenLabs, Invariantes Fund, Wedbush Ventures, MKT1, Kindred Ventures, 43, RTP Global, Eudemian Ventures, and Pear. $11M raised to date.
Mars Men, a developer of men’s wellness and grooming products, raised $27.5M in a Series A led by L Catterton with participation from other undisclosed investors. $27.5M raised to date.
Rosella, a provider of AI-powered commercial insurance brokerage services, raised $3.7M in a deal led by Peak XV Partners with participation from Intact Private Capital. $3.7M raised to date.
Supra Elemental Recovery, a developer of mineral extraction and recovery technologies, raised $2M in a deal led by Crucible Capital with participation from Rio Tinto, Climate Capital, Portmanteau Ventures, Founders Factory, and The University of Texas at Austin. $2M raised to date.
Greater Texas Market
Latitude (Spring), a developer of financial infrastructure software for digital assets, raised $8M in a deal led by New Enterprise Associates with participation from Paxos, Solana, Coinbase Ventures, Bitso, and Faction Ventures. $8M raised to date.
See you next week! —Mason & Joel
This edition was supported by Bradford Martin.
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