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May 21, 2025 - Deals
South Loop Ventures Secures $21 Million Fund With Investments From Rice Management Company And Chevron Technology Ventures
South Loop Ventures, founded and led by Zach Ellis, recently closed its first fund at $21 million to boost Houston’s local tech ecosystem, with anchor investments from Rice Management Company and Chevron Technology Ventures. Launched in 2022, the firm focuses on seed and pre-seed rounds averaging $400,000, prioritizing founders of color and sectors aligned with Houston’s industrial strengths like healthcare, energy, space, and climate. Despite a challenging 24-month fundraising process, South Loop has made 13 investments so far and aims to back at least 30 startups nationwide, driven by Ellis’s mission to increase diversity and opportunity in venture capital while fostering Houston as a welcoming hub for tech talent.
INVESTORS: Rice Management Company, Chevron Technology Ventures, Texas Capital Bank, The Great Commission Foundation of the Episcopal Diocese of Texas & Mercury Fund
AMOUNT: $21,000,000
HQ: #Houston #Texas
#VentureCapital #SouthLoopVentures #ZachEllis #RiceManagementCompany #ChevronTechnologyVentures #TexasCapitalBank #TheGreatCommissionFoundationoftheEpiscopaDioceseofTexas #MercuryFund #TradedVC
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Price.com And Grifin Collaborate To Connect Cashback And Investing For MembersPrice.com and Grifin have partnered to connect cashback with investing, allowing users to automatically invest the cashback they earn into stocks of the brands they already shop from.
Under the partnership, Price.com Pro and Grifin members receive each other’s premium memberships at no additional cost (a value of over $100/year each).
✅ Unlimited cashback and savings at 100,000+ stores with Price.com
✅ Transfer your cashback into Grifin and invest in thousands of public companies starting with as little as $1
✅ Enjoy additional exclusive member benefits and offers across both platforms
Cashback earned through Price.com can be transferred into Grifin accounts and used to purchase stocks starting at $1, with users retaining full control over their investment choices.
The collaboration aims to bridge saving and investing by turning everyday purchases into opportunities for stock ownership.
FOUNDERS:
Price.com: RJ Jain (Founder & CEO)
Grifin: Aaron Froug & Bo Starr
HQ:
Price.com: Los Angeles, California
Grifin: Tampa, Florida
#Fintech #AI #Investing #Pricecom #TradedVC
Singularity Secures $80 Million Series A Funding At $400 Million ValuationSingularity, a Los Angeles-based defense technology company, has launched with an $80 million Series A funding round at a $400 million valuation. The financing was led by Khosla Ventures and Felicis, with participation from AE Ventures, NEA, Long Journey, Harpoon, Menlo Ventures, Y Combinator, Decisive Point, New Vista, Sunflower, Soma, and several prominent leaders from industry, the military, and Congress. Led by Co-Founder and CEO Jack Oswald and COO Shail Giroux, Singularity is focused on deploying counter-weapons at the scale, speed, and cost required by modern defense needs. Its manufacturing team, which includes talent from Tesla and Toyota, is developing an automotive-inspired assembly line designed to rapidly scale production beyond that of comparable U.S. systems.
FOUNDERS: Jack Oswald & Shail Giroux
INVESTORS: Khosla Ventures, Felicis, AE Ventures, NEA, Long Journey, Harpoon, Menlo Ventures, Y Combinator, Decisive Point, New Vista, Sunflower, Soma, General (Ret.) James McConville, General Jim Dickinson, Major General (Ret.) Volodymyr Havrylov.
ROUND: Series A
AMOUNT: $80,000,000
VALUATION: $400,000,000
HQ: Los Angeles, California
#VentureCapital #Singularity #JackOswald #ShailGiroux #TradedVC