Roundup: New Funds at Wisegate, Savara, Besomebody, & Dallas startups

6/17/14Follow @angelashah

[Updated 6/17/14 1:10 pm. See below.] Another week, another slew of startup financings in Texas. Here’s the latest news:

—The Dallas Entrepreneur Center announced that Comerica Bank has funded a $50,000 pitch contest in North Texas. The DEC, a co-working space as well as incubator and accelerator, was founded a year ago by Trey Bowles, an Xconomist, in order to create a hub of startup activity in Dallas. Applications will be accepted starting July 1, and the pitch contest is scheduled for November, with four finalists presenting in front of a panel of celebrity judges.

Wisegate, an online community of tech workers, raised $1 million last week. [An earlier version had an old membership number.] The Austin, TX-based company was founded in 2010 and sells $5,500 annual memberships to IT professionals for a secure online community to exchange ideas and solve problems.

Savara Pharmaceuticals raised $4.5 million in debt financing last week. The Austin-based biotech is developing an inhalable antibiotic to treat cystic fibrosis, a genetic condition affecting about 30,000 Americans that causes the buildup of thick mucus in the lungs and disrupts breathing.

Besomebody has raised $1 million in seed funding from The E.W. Scripps Company, a Cincinnati, OH-based media technology firm. Besomebody is based in Austin and plans to use the money to develop a mobile-based platform that highlights “passion-related” content such as inspirational talks and readings, as well as connect people with similar interests to create what the startup calls “passionaries.”

Angela Shah is the editor of Xconomy Texas. She can be reached at ashah@xconomy.com or (214) 793-5763. Follow @angelashah

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