Yahoo Finance reported that it’s been a record-breaking third quarter for investors and startup companies in the Dallas area. In total, these companies received over $274 M of venture capital. This breaks previous quarterly records for both 2015 and 2016. Good news for local area startups – the 4th quarter still isn’t over, but this year’s venture capital already exceeded 2015’s total.
The Tech Wildcatters is a great example of this successful investing. They are a venture capital seed fund and nationally ranked accelerator that has exceeded their quarterly, and annual records. Founded in 2009, they remain the first and largest accelerator in Dallas.
During the first half of 2016, the Tech Wildcatters implemented the new Gauntlet Methodology to their accelerator program. From these process and organizational changes, some achievements include:
- Record amount of investment in startups
- Led and syndicated its first and second ever seed rounds
- Raised the most investment ever in company history
- Received the largest number of applications from startups and entrepreneurs
“We overachieved against key objectives, and delivered incredible value to our startups, mentors, and investors,” said Robert Brevelle, Managing Director of Tech Wildcatters. “These stellar results reflect the improvements we made across the board in our operations, staff, culture, and community. Mentor-investors such as Ricky, Deep Space Ventures, TIG Investments, and others played an instrumental role in that transition and success.”
“Dallas presents an undervalued opportunity for investors to get into early stage companies.” Ricky Tejapaibul, an investor that relocated from Pittsburgh to Dallas explained, “I see several companies coming through the Tech Wildcatters Gauntlet program, many of them relocated to Dallas to start or grow their businesses.”
Tejapaibul’s background includes leading advisory and Fortune 500 companies in the areas of finance and technology. His investment model has an emphasis on discovering resilient founders at a critical juncture. There, he helps develop a business model and technology to build a long-term, scalable business.
“I see the momentum continuing for Dallas-based companies to establish themselves on the map and gain attention from investors outside the region,” said Tejapaibul. “Now is the time to start looking at Dallas companies if you have not done so already.”
To read more about the LDFW coverage on the Tech Wildcatters, please click here.