Texas Weekly Deal Highlights
February 1, 2026
We’re still freezing, but not slowing! After a major January, with over $700M in venture activity (including yours truly’s MontyCloud Series B) and big M&A moves like ProsperOps’ acquisition by Flexera, we’re off to the races in February.
This week alone brought in over $400M in activity, but the biggest buzz is coming from a different arena: Austin is launching its new Arts District, and it kicks off with the grand opening of Laura Rathe Fine Art.
Add more beautiful to your life! Don’t miss it, make sure to register!
Austin Funding Activity
Ethos Technologies, a provider of tech-enabled life insurance, raised $200Min its initial public offering on the Nasdaq under the ticker “LIFE”. $513.38M raised to date.
Mythic, an analog compute-in-memory AI chip startup, raised $125M in an oversubscribed funding round led by DCVC with participation from New Enterprise Associates, Atreides Management, Honda Motors, Lockheed Martin, and others.
Gyde, an AI-native brokerage platform for insurance, health, and wealth services, raised $60M in a deal led by Lightspeed Venture Partners with participation from Optum Ventures, MVP Ventures, Virtue, Crystal Venture Partners, and others. $60M raised to date.
Virtuix, a developer of virtual reality omnidirectional treadmills and immersive VR hardware, completed its direct listing on the Nasdaq Stock Exchange and raised $11M in a deal led by Chicago Venture Partners through a private placement. $88.52M raised to date.
Jupiter Power, an Austin-based developer and operator of utility-scale battery energy storage systems, closed a $500M upsized corporate credit facility to advance its project pipeline across the U.S.
Austin-based Asto Consumer Partners Fund LP has invested $45M into Oats Overnight, one of the fastest growing companies in Phoenix. Asto Consumer Partners is led by Clayton Christopher, who has built, grown and sold Sweet Leaf Tea, Deep Eddy Vodka, Waterloo Sparkling Water and others.
Austin M&A Activity
Abrigo, a locally based risk management software developer for financial institutions, is acquiring South Dakota-based Journey Technology Solutions for an undisclosed amount. Abrigo’s last significant funding event was a strategic growth investment from Carlyle Partners in August 2021, alongside existing backer Accel-KKR.
Greater Texas Market
M Evo Global Acquisition II (Farmers Branch), a special purpose acquisition company targeting US critical minerals, raised $225M in its initial public offering on the Nasdaq Stock Exchange under the ticker symbol MEVOU. $225M raised to date.
Datatruck (Irving), a provider of freight marketplace logistics technology, raised $12M in a Series A led by Avenue Growth Partners with participation from AloqaVentures, IT Park Ventures, DOMiNO Ventures, and Silkroad Angels Club.
Ares Materials (Plano), a producer of industrial composite materials, raised $12M in a deal led by Black Diamond Ventures. $24.99M raised to date.
Origin (Houston), a provider of pelvic floor and women’s musculoskeletal physical therapy services, raised an undisclosed amount in a Series B led by SJF Ventures with participation from Blue Venture Fund, Gratitude Railroad, California Infrastructure and Economic Development Bank, and others.
DexMat (Houston), a producer of advanced conductive and carbon nanomaterials, raised $5M in a deal led by non sibi ventures with participation from Governance Partners, Tailwind Futures, BetterWay Ventures, and Capital Factory. $8M raised to date.
See you next week! —Mason & Joel
This edition was supported by Bradford Martin.
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