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The Venture Codex

Texas Atlantic Capital

4141 Southwest Fwy Ste 340, Houston, Texas, 77027, United States

Overview

From its active funds TAC currently invests in Europe and the USA. They invest in all stages (seed, early and growth) of start-ups with capable teams and scalable business models. Their investment sizes go from as low as $200,000 to as much as $15 milion per transaction. They like opportunities in e-commerce, Internet, digital life and software domains. They like to create and shape new markets. They are unconventional, caring and driven, and very fast. They are honest and fair in their daily dealings and in their transactions. They honor their commitments and deliver on their promises, on time. They see it their mission to provide entrepreneurs with the resources required to grow their companies and they exclusively partner with teams who share their values.

Total investments
3
Lead investments
1
Investments · 12mo
0
Active investors
0

Sector focus

  • Finance
  • Financial Services
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Investment portfolio

  • Pop Meals

    Led · Series A · Jan 2018

    Dahmakan is a Malaysian full-stack food delivery startup that creates and delivers its own meals using cloud kitchens. Its platform centers on an operating system that controls nearly every step of operations, from recipe development to last-mile delivery, and it operates satellite hubs located around cities to be closer to customers. Instead of delivering from restaurants, Dahmakan offers about 40 menu options each week drawn from a database of 2,000 dishes, selecting menus based on customer data and market research. Customers pick from a schedule of delivery times and menus are tailored using preferences and spending-habit data. The company was launched by former Foodpanda executives and was the first Malaysian startup to participate in Y Combinator. Financially, Dahmakan has raised $18M in a Series B, bringing total funding to about $28M. The startup positions its vertically integrated model as a way to reduce delivery costs and serve growing demand for food delivery in Southeast Asia. dahmakan is a Malaysia-based cloud kitchen and food delivery startup. The company operates cloud kitchens and provides food delivery services. It has announced a $5 million Series A funding round. The round was backed by both existing and new investors, and the article specifically names Partech Partners and China’s UpHonest Capital. The article does not disclose revenue, user metrics, prior rounds, or use of proceeds. Dahmakan operates an end-to-end food delivery service that cooks all dishes in-house and dispatches them to customers on scheduled delivery windows. The company markets healthier meal options and offers a Prime package for bulk meal purchases as well as business catering. On the tech side it has invested in logistics and AI, building the Dahmakan Intelligent Operator System (DIOS), a self-learning system to manage fleet and demand. Dahmakan says it is unit profitable and reports month-to-month sales growth of about 20% ongoing since launch. The startup was founded in 2015 by a trio of ex-FoodPandas (co-founder Jessica Li among them) and is based in Kuala Lumpur. It plans to use new funding to develop technology and explore expansion across Southeast Asia, with Indonesia and Thailand under consideration. Dah Makan operates a subscription-leaning, full-stack meal delivery service with fixed lunch and dinner menus and optimized delivery routes to control quality and costs. The service accepts last orders 45 minutes before time slots and pushes bulk credit packages (e.g., 5/20/50 meals for 99/379/999 MYR). The company processes more than 1,000 daily orders and says it is profitable on every order at the unit level, though marketing and overhead are not included in that claim. Dah Makan Prime accounts for the majority of current revenue. The team plans heavy investment in technology—routing, clustering, and rider-allocation learning—to improve operations. Management is targeting expansion into other parts of Southeast Asia before year-end while focusing this round on Kuala Lumpur rather than a Malaysia-wide roll-out.

  • Dropoff

    Participated · Series A · Jun 2015

    Dropoff offers same-day, local courier services with a proprietary logistics software platform that provides real-time tracking, route optimization, and integrations with customers' logistics systems. The company serves healthcare customers with HIPAA- and OSHA-certified couriers for critical blood and lab testing deliveries, and also works with retail/ecommerce and industrial clients. Dropoff reports a presence in 40+ cities across 20+ states and emphasizes enterprise visibility and operational efficiency. The company has received growth-stage funding from Fulcrum Equity Partners, Greycroft Partners and Wild Basin Investments. Dropoff intends to use recent financing proceeds for general working capital purposes and acquisitions to expand its footprint and offerings. Leadership cites continued market-share expansion driven by its technology and vetted driver network. Dropoff is an Austin, Texas–based, technology-backed same-day delivery solution for businesses, led by CEO Sean Spector. The company leverages professional delivery agents and a technology platform offering real-time tracking and confirmations, pricing, flexible delivery options, and APIs. Dropoff works with brands across multiple industries, including Sprinkles, Whole Foods, Neiman Marcus, Zazzle, Airbnb, JW Marriott, and McKesson. It recently expanded to San Diego, Fort Worth, and Nashville, bringing the total number of cities it serves to 15. The company plans to use new funding to grow local market teams, increase staffing at its headquarters, and expand to 50 markets. Financially, Dropoff completed an $8.5M Series B to support these growth initiatives. Dropoff operates a same-day B2B delivery platform with web and mobile interfaces and an API that integrates with warehouse and e-commerce systems. The service provides price estimates, real-time tracking of delivery agents, delivery windows, and proof-of-delivery signatures to meet enterprise logistics needs. Dropoff launched in Austin in November of last year and expanded to Houston in January; since then it has completed tens of thousands of deliveries for hundreds of customers. Its deliveries range from legal documents to office groceries, and one of its largest customers is CVS, which uses Dropoff to deliver medicine and medical supplies across Texas. The company is focused exclusively on business-to-business delivery and aims to become a national same-day business delivery provider. The new funding will be used to open additional cities, beginning with Dallas and San Antonio. Dropoff provides businesses with a web and mobile dashboard to book couriers, review prices before starting, receive reliable ETAs, and track packages in transit. The company focuses on serving businesses rather than consumers, targeting industries including legal, real estate, accounting, healthcare, food and grocery, hospitality, and retail. Dropoff is operating in Austin and plans to expand to other metropolitan areas soon. It positions itself against competitors such as Uber Rush, TaskRabbit, Postmates, and WunWun by specializing in business use cases and industries outside typical grocery delivery. Couriers working with Dropoff reportedly make about $20 per hour on average, and Dropoff pays couriers between 66% and 50% of fares depending on segment and delivery type (on-demand, scheduled, or routes), compared with an industry-standard 50/50 split. Financially, Dropoff has raised a total of $1.85 million in seed funding from Austin Ventures, Silverton Partners, Mucker Capital, and others.

  • Quandoo

    Participated · Series C · Jul 2014

    Quandoo offers Quandoo Premium, a cloud-based reservation and inventory management system that runs on Android tablets and is designed to be intuitive for restaurant staff. The product manages restaurant inventory in real time and positions itself as an alternative to incumbents by not relying on fees from converting a restaurant's own website traffic into reservations. In the year and a half since launch, Quandoo says it has built a network of more than 3,000 partner restaurants across eight countries and served 1.5 million diners. The company plans to use new financing to expand its presence in Germany, Austria and Italy across Europe and to launch in APAC and Latin America. Founders Philipp Magin (CEO) and Ronny Lange were part of the team that founded CityDeal, which was acquired by Groupon in 2010. Quandoo targets markets with low adoption of cloud booking platforms, seeking greenfield opportunity as reservations shift online. Quandoo operates a marketplace and provides reservation and yield-management systems for restaurants. The platform offers modules including a reservation management system, tools for utilization control and a cash-register system. It helps local businesses acquire new customers and maintain existing ones. Launched in January 2013 and based in Berlin, the company is led by CEO Philipp Magin and a founding leadership team. It is available in Germany, Austria, Switzerland, Italy, Turkey and the Netherlands and is used at over 1,000 restaurants. The company is hiring.

Team

No current team members are available.