Companies from all over are attracted to Austin’s vibrant startup scene, and North Texas is no exception.
A recent NTX Inno roundup of North Texas startups to watch in 2022 included a handful of startups making headway in the Austin market.
Colossal
This company made headlines this fall due to the pedigree of its founding team and its head-spinning vision: to bring back the extinct wooly mammoth. The startup, which is split between Austin, Boston and Dallas, raised $15 million in September and was co-founded by Austin startup veteran Ben Lamm. The company has said it is four to six years away from birthing mammoth calfs — after 18 months of gestation in artificial wombs. In addition to Lamm and Andrew Busey, who co-founded Hypergiant, Conversable and Chaotic Moon together, Colossal Biosciences Inc. has on board the scientific chops of Dr. George Church, who is the Robert Winthrop Professor of Genetics at Harvard Medical School. Church will use gene-editing technologies to lead the startup’s science team. The company’s software and hardware development occurs in Austin.
Nada
Dallas-based residential real estate startup Nada has built a platform for buying and selling homes that removes commission fees, effectively making it more affordable for users to close on a home. The company, which was launched in 2019 and operates legally as Nada Holdings Inc., has raised $3.4 million in seed capital, led by VM Ventures. Nada has also launched an investment product called Cityfunds through a joint venture that will allow people to invest into large, diversified rental property portfolios. That venture is initially focused on Dallas, Miami and Austin.
Nickson
This furnishing subscription platform is planning to expanded to Austin and Houston in 2022. The company, which launched in 2017, raised $12 million in June to help make the expansion happen. Nickson Inc. CEO Cameron Johnson told NTX Inno at the time that the startup intends “to make a big splash in Austin” in the near future. Nickson’s platform has users take a style quiz upon onboarding, allowing the startup to fully furnish an apartment for them.
Now Cuisine
Dallas-based robotic food-service startup Now Cuisine Inc. is partnering with Austin-based burrito chain Freebirds in 2022 to pilot automated burrito bowl ordering stations in places like offices, college campuses and multifamily communities. The company is also in the early stages of raising its first round of outside funding, NTX Inno reports. The company was founded in 2018 and is led by CEO Adam Cohen.
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