HVAC rental business, aesthetics company among those raising millions in DFW

Welcome back to Form D Friday, where we take a look at regulatory filings in North Texas to see which businesses and firms are raising capital for a new project, investment idea or other venture.

Although the filings don’t have many details, they provide a glimpse at what businesses and investors might be planning.

If you have tips or comments about new fundraises, send me an email at hwilen@bizjournals.com.

Novaestiq Corp.: $3.52 million

Southlake-based Novaestiq Corp. has raised more than $3.5 million in debt, stock options and warrants, according to an April 16 federal filing.

The company, which produces aesthetic and dermatology products, has raised $7.35 million to date with a target of accumulating $10 million in total for a seed round, the filing shows. Los Angeles-based investment banking firm Salem Partners LLC is acting as exclusive financial advisor for the financing round, according to a Jan. 8 press release.

Novaestiq is led by CEO and President Miles Harrison. Humberto Antunes, a partner at New York-based venture capital firm Gore Range Capital, is listed as an executive officer and director of the company, according to the filing. Ethan Rigel, managing partner at Gore Range Capital, is also identified as an executive officer.

Rescue Cooling Inc.: $2.4 million

Grapevine-based Rescue Cooling has raised $2.4 million in equity for a seed funding round, according to an April 16 federal filing.

The company, founded by Matthew Burton in 2021, rents out portable heating, ventilation and air conditioning units for customers ranging from residential homes to schools, businesses and restaurants.

Burton previously co-founded Grand Prairie-based Adonis Auto Group LLC, a used car sales company that also provides auto repair and financing.

Joint Venture Equity Partners: $4.2 million

Fort Worth-based commercial real estate investment firm Joint Venture Equity Partners has raised $4.2 million in equity from 42 investors for an entity titled "JVEP San Pedro Office LLC," an April 18 federal filing indicates.

Joint Venture Equity Partners intends to raise $4.4 million in total, according to the filing.

The firm also raised more than $2.4 million from 22 investors for a separate entity titled "JVEP Broadmoor Plaza Retail LLC," according to another filing. For that entity, JVEP intends to raise a total of $2.5 million.

Founded by Principal Elizabeth Roll in 2019, JVEP offers direct investments in commercial real estate to fee-only financial advisors, family offices and select high-net-worth individuals. The firm invests in multifamily, industrial, retail, office, land, senior housing and student housing, according its website. The firm makes equity investments ranging from $2 million to $8 million.