3 Things: DFW Startups Lure $72.6M in Capital

capital

A scouring of the Internet netted stories on investment capital among DFW startups, the UT System’s winning performance for patents, and Mary Kay picks a site for its new facility.

DFW area startups attracted $72.6 million in venture capital in the second quarter of 2016, putting them on track to raise more investment money this year than the past two years, the Dallas Morning News reported. The data was released Friday in the MoneyTree Report by PriceWaterhouseCoopers and the National Venture Capital Association and was based on data from Thomson Reuters. Find out more here.

The University of Texas System has earned the top spot among the world’s top universities that receive U.S. patents for their inventions. The system was ranked fourth in 2015. Breakthroughs in technology and medicine were credited as reasons for the rise. The system has two major universities in DFW, the University of Texas at Dallas in Richardson, and the University of Texas at Arlington. The system’s UT Southwestern Medical Center also is in Dallas. You can read more here.

Mary Kay, the Addison-based innovator in the direct-sales cosmetics industry, has picked a site in Lewisville to build the new $100 million, 470,000-square-foot manufacturing and research and development facility it announced last year. The location is a 26.2-acre site on the northeast corner of Denton Tap Road and Vista Ridge Mall Drive, according to the Dallas Business Journal. Discover more here.

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