Happy Sunday! Hope tax weekend treated you gently.
Just one Austin deal this week, but it’s an interesting one. Parachute’s premise is “get paid for your plasma, and book it in our app.” The company pulled in $38M and is now up to $148M in total funding.
Meanwhile, Greater Texas stayed on brand: three Houston-area deals, all industrial or energy tech, led by a $29M Series A for Nanotech Materials in Katy.
Ont
-
Parachute, a consumer marketplace that lets people book plasma donations through an app and get paid, raised $38.15M in a deal from undisclosed investors. $148.75M raised to date.
-
Algo8 (Houston), a developer of AI-powered optimization solutions for industrial operations, raised $2.02M in a deal led by Chemelex. $2.92M raised to date.
-
NOC Energy (Houston), an energy technology company focused on optimizing oil and gas operations, raised $2.7M in a deal led by 360 Capital with participation from SOSV and Desai Ventures. $2.7M raised to date.
-
Nanotech Materials (Katy), a developer of advanced materials designed to improve energy efficiency and thermal performance, raised $29.4M in a Series A led by HPI Real Estate Services & Investments with participation from Milliken & Company and GOOSE Capital. $43.8M raised to date.
See you next week! —Mason & Joel
This edition was supported by Bradford Martin.
Subscribe to Joel Trammell’s CEO Newsletter, Managing the Future.
