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Super PAC Men: How political consultants took a Fort Worth oilman on a wild ride

The head of a Texas oil dynasty joined the parade of wealthy political donors, aiming to flip the Senate to Republicans. By the time consultants were done with him, the war chest was drained and fraud allegations were flying

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Bridge collapse on I-35 north of Austin

SALADO, Texas (AP) — Emergency crews are responding to a reported bridge collapse along an interstate in Central Texas.

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Bon Appétit: New French restaurant dishes out the finest in Fort Worth

Barely open six months, Le Cep, a contemporary French restaurant proffering fine dining, is stirring up Fort Worth’s culinary scene.

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Latin-inspired restaurant set to open in downtown Fort Worth

Downtown Fort Worth’s dining scene is about to get spicier with the opening of a new restaurant featuring Latin-inspired coastal cuisine.

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Amazon begins Prime Now program in Dallas area

If you just have to have it now, as in one hour, you can, at least in the Dallas area, as Amazon.com Inc. announced Thursday it will offer Prime Now.

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Fort Worth angel network makes largest investment

 

Members of Cowtown Angels, a program of nonprofit technology incubator Tech Fort Worth, have closed a $5 million investment in Encore Vision Inc., a TechFW client.
The investment included $750,000 from members of the Cowtown Angels. This is the first investment by the organization in a TechFW client company and the largest investment to date for the Fort Worth-based angel network, which launched in September 2012.


The Cowtown Angels program connects local “angel investors” with companies in the area needing startup capital. The group, which has grown to 23 members in just 16 months, previously had invested more than $2 million in six early-stage companies in a variety of industries. The largest previous investment was $620,000 in Wisegate Inc., in May 2013.
“This is one of the largest angel rounds ever in a TechFW client, and the first time the Cowtown Angels have participated, so this is a big win-win for the local entrepreneurial community,” said Darlene Boudreaux, executive director of TechFW
Encore Vision is developing Dioptin, a patented prescription eye drop treatment for presbyopia, the eye condition that afflicts most people by the age of 40, requiring them to wear reading glasses. Dioptin is a proprietary pro-drug comprised of “naturally” occurring bio-compounds found in the living human crystalline lens. A major goal for Dioptin treatment is to give those with presbyopia freedom from, or reduced dependence on, their bifocals or reading glasses.
The company will use the funds to further the development of its product and complete Phase 2 clinical trials.
“Cowtown Angels has played a pivotal role in this funding round for Encore Vision,” said Bill Burns, president and CEO of Encore Vision. “Along with Tech Fort Worth’s help, we look forward to having members of the Cowtown Angels participate in this ‘first-in-class’ pharmaceutical product development program.” - Betty Dillard

bdillard@bizpress.net

 

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