The Daily Dealflow

Can Texas Really Rival Wall Street?

Hi, and welcome to a new edition of The Daily Dealflow — the 5-minute briefing that gives you clear context on capital flows and market-moving trends across the Americas, from Silicon Valley to Buenos Aires. Let's dive in.

🏆 Deal of the Day

The Texas Stock Exchange (TXSE) completed its full launch on July 31, marking the first new major U.S. stock exchange in decades to bring trading and listings onto a single integrated platform – The Investor Society.

Why This?: A credible third national listings venue — backed by the biggest names on Wall Street — could reshape where companies across the Americas choose to go public starting in 2027.

Positive Context:

TXSE opened with more than 50 member firms, the broadest day-one participation of any U.S. exchange launch in half a century, built on a custom order-matching engine developed in just 18 months.
Backers include BlackRock, Goldman Sachs, JPMorgan, Citadel Securities, Charles Schwab, and Fortress, alongside Michael Dell's family office — over $250M raised to date.

Yes, but:

Prior challengers like IEX and the Long-Term Stock Exchange won SEC approval and volume but never dented NYSE/Nasdaq's grip on IPOs, the business that actually matters.
TXSE's stricter listing standards would exclude roughly 1,700 currently listed companies, narrowing its near-term pool of switchers before IPOs even begin in 2027.

Zoom in: TXSE is branding itself around a "Boom Belt" — a Texas-to-North Carolina corridor it says drove 57% of U.S. job growth over the past five years.

"Today is a watershed moment for the state of Texas and America's capital markets," said James H. Lee, Chairman and CEO of TXSE – The Investor Society.

💰 Venture Capital

WashWise (US) – $1.2M, Pre-Seed, fabric-refresher spray platform designed to freshen garments between washes.

Kesh (Brazil) – $110M, growth round (equity + FIDC receivables financing), payroll-linked lending platform that returns 100% of interest as merchant cashback – NeoFeed.

Plantible Foods (US) – $35M, growth round (USDA-guaranteed debt + equity), duckweed-derived RuBisCO protein ingredient for egg- and dairy-replacement applications – AgFunderNews.

SiteVue AI (US) – $7.5M, Seed, AI-camera vision analytics platform for factory-floor safety, quality, and efficiency monitoring – The Investor Society.

hiSofi (Uruguay) – $1M, growth round, WhatsApp-based conversational debt-collection platform expanding across Latin America – Startups Latam.

Remedium Bio (US) – $10M, Series A (initial close), Eli Lilly-backed adjustable gene-therapy platform that turns fat cells into long-term protein factories – FinSMEs.

GP stakes began as a niche investing strategy but is now a $100bn+ asset class. It’s become an increasingly important source of permanent growth capital for leading alternative asset managers.In this strategy, managers take minority stakes in other GPs, typically around 10–25% of the firm. In return, they get exposure to carried interest, management fees, and the long-term growth of the PE firm. Source: Philip De Vusser, COO @Gain.

🏛️ Private Equity

Bowman Consulting Group (US) – ~$1.0B enterprise value, going-private buyout at $43.00/share (58% premium), national infrastructure engineering services platform – TradingView.

DBM Global (US) – $650M, cash-and-stock acquisition by IES Holdings from INNOVATE Corp, steel fabrication and construction services provider – MarketScreener.

Grande Lakes Orlando Resort (US) – $1.38B, hotel acquisition by Ryman Hospitality Properties from Trinity Investments – GlobeNewswire.

VSS Capital Partners (US) invested in Cordoba, an LA-based provider of engineering, construction and program management services.

Fenway Sports Group is expected to sell around a one-third stake in Liverpool FC to a consortium that includes Amit Bhatia, Jeff Bezos, and Eduardo Saverin, per Sky News.

📈 Public & Capital Markets

Opening Market Figures, Tue 11 Aug, 2026.

Embraer (Brazil) – $2.2B Q2 revenue (record for the period, +23% YoY), record $34.5B order backlog, earnings release – Rio Times.

USA Rare Earth (US) – Q2 2026 earnings, $5.8M revenue, advancing its pending $2.8B acquisition of Brazil's Serra Verde rare-earth mine – StockTitan.

Archer Aviation (NYSE: ACHR) agreed to acquire Wisk Aero, SkyGrid and Insitu from Boeing (NYSE: BA).

GameStop (NYSE: GME) "is considering withdrawing" its $56b takeover bid for eBay (Nasdaq: EBAYT), instead proposing a strategic partnership that would include a board seat.

Lyntris, a defense-tech rollup backed by Trive Capital, set IPO terms to 24m shares at $19-$22. It would have a $2.4b market cap, were it to price in the middle, and plans to list on the NYSE (LYNX).

📅 ICYMI

The Odyssey became Christopher Nolan’s highest-grossing movie ever, with $1.104 billion worldwide, beating his previous high of $1.085 billion for 2012’s The Dark Knight Rises.

More than 58% of US searches now end without a single click to another website, as AI-generated answers increasingly satisfy queries on the results page.

Of all the times you don’t want your call answered by an AI agent, dialing 911 has gotta top that list. But dispatchers in New Orleans will rely on an AI tool to help triage incoming calls.

Flying is terrible these days, and there’s a simple explanation: Airlines really don’t want you to buy their economy tickets, so they make life as difficult as possible.

Spotify’s new feature could destroy the podcast industry.

To comfortably afford a home at the US median price, Americans need to earn ~$110k/year, per a Redfin report. The average US household undershoots that mark by ~$22k/year.

See you tomorrow,

Jose Kont
The human behind The Investor Society.

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