Mar 17, 2014

Submit to Hacker News A summary of the news-in-brief from Texas’s innovation community in the last week. (Yes, there was more going on than just South By Southwest:) — Bio2 Medical has raised $5.8 million out of a possible $7.5 million equity financing round from 10 investors, according to a filing with the Securities and Exchange Commission on Thursday. The San Antonio, TX-based medtech company develops medical devices for the treatment of pulmonary embolism. —Oxane Materials has raised $10 million of a proposed $27 million debt financing, according to an SEC filing Thursday. The Houston company focuses on nanoproducts in the oil and gas industry, specifically an agent that holds hydraulic fractures open and could make drilling easier in more difficult well environments. —Alkami Technology reported to the SEC Wednesday that it has raised $9.6 million out of a proposed $14 million in equity financing. The company, which is based in Plano, TX, develops software to create e-banking platforms for the financial services industry. —Illumitex, an Austin, TX-based manufacturer of LED lighting for the horticulture industry, reported to the SEC that it has raised $2 million of a planned $4.5 million equity round. Angela Shah is the editor of Xconomy Texas. She can be reached at ashah@xconomy.com or (214) 793-5763. Follow @angelashah Share or Leave a Comment