Quantcast

Welcome Group nets $200 million, plus more top funding news for Houston-based companies

Photo: Welcome Group/Facebook
By Hoodline - Published on August 19, 2019.

Houston-based manufacturing and web design company Welcome Group has secured $200 million in debt financing, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Aug. 9, and it's being financed by Global Atlantic.

#Ad

According to its Crunchbase profile, "Welcome Group, LLC, a Houston-based single-tenant industrial owner and development firm, owns over 85 industrial buildings in Texas comprising approximately four million square feet. Welcome Group specializes in single-tenant office, lab, industrial and manufacturing facilities, and also offers Build to Suit and Design Build services for new properties."

The 41-year-old company also raised a $300 million private equity round earlier this year.

In other local funding news, consumer lending company Spruce (formerly Apartment Butler) announced a $3 million funding round on July 17, led by Fitz Gate Ventures.

According to Crunchbase, "Spruce is a mobile-first concierge platform for apartments. We partner with communities to offer home services to residents, such as pet sitting, housekeeping, laundry and dry cleaning. By leveraging the scale of larger communities, we are able to provide residents with better service and prices than they could achieve on their own."

Founded in 2016, the company has raised three previous rounds, including a $2 million round in 2018.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.

Jun 30, 2020
Houston

Top Houston news: 4 retired priests test positive for virus; homeless man fatally struck by vehicle

Here's the most recent top news in Houston; see what headlines are trending among local readers, with links to full articles. Read More

Jun 30, 2020
Houston

Apartments for rent in Houston: What will $2,200 get you?

Curious just how far your dollar goes in Houston real estate? From budget apartments to luxury apartments, here's what you can get locally by price point, with photos and amenities. Read More

Jun 30, 2020
Houston

MDK Noodles makes Sharpstown debut, with noodles and more

Have you tried this new neighborhood Korean spot, offering noodles and soups? What did you think? Read More

Jun 30, 2020
Houston

Houston's 4 best spots to score sushi, without breaking the bank

Here's a rundown of top affordable sushi sources in the city, with ratings, photos and more. Did your favorite make the cut? Read More