Houston-based 'AirBNB for churches' startup completes Amazon accelerator, gathers fresh funding

now accelerating

Amazon's accelerator focused on founders of color has helped Houston startup ChurchSpace reach new milestones. Image via bookchurchspace.com

Houston startup, ChurchSpace, recently participated in the inaugural cohort of the AWS Impact Accelerator for Black Founders, which included a pre-seed fundraising campaign and a $125,000 equity-free grant from Amazon.

The startup, coined as the “AirBNB for churches” is a tech-enabled marketplace that has a mission to minimize low utilization rate of church real estate across the country. Per the website, ChurchSpace is accepting congregations on its waitlist and is expected to launch this fall.

The AWS Impact Accelerator strengthened ChurchSpace’s efforts of turning underutilized church real estate into on-demand event, worship, and kitchen space. The program provides high-potential, pre-seed startups the tools and knowledge to reach key milestones such as raising funding or being accepted to a seed-stage accelerator program.

"Being a part of the inaugural Aws Impact Accelerator has changed the trajectory and tech build of ChurchSpace," says Day Edwards, CEO and co-founder of the company. "From the grant, to have the tech stack and resources needed to build Version 2 of ChurchSpace to ensure Churches can share their space safely has truly been a blessing. Before AWS we weren’t clear on our fundraising strategy. Now after ending AWS we are clear, with a date to open our pre seed round, and even better we have investors waiting! I urge any female founder to definitely take the time to apply this is a life-changing opportunity for all start-ups."

As one of 25 startups selected for the program, ChurchSpace also received credits, extensive training, mentoring and technical guidance, as well as introductions to Amazon leaders and teams, networking opportunities with potential investors, and ongoing advisory support.

“For underrepresented founders, access is power. And as Black founders with an audacious mission to eradicate high church underutilization rates, the access to capital, mentorship and tech innovation support will create tidal waves of positive impact that reach far beyond our internal operations but spread to thousands of local communities across the nation,” says Emmanuel Brown, ChurchSpace co-founder and COO.

AWS recently announced its three-year, $30 million commitment to the program. Amazon is currently looking for female founders for the next cohort that is now open with the deadline date of August 26.

MassChallenge Texas alum, ChurchSpace was founded in 2020 by two Black millennial pastors’ kids who witnessed the crippling effects that large church financial overhead placed on church leaders. The marketplace allows churches to earn extra revenue while remaining compliant with IRS nonprofit regulations. ChurchSpace is expecting to launch in 10 states with over 6,000 waitlisted users.

“I want to congratulate a truly innovative and inspiring group of startups selected from thousands of applicants for this opportunity. On behalf of the entire team, we are honored to support them on their journey,” says Howard Wright, vice president of startups at AWS.

Day Edwards is the co-founder and CEO of Church Space, which was founded in 2020. Photo courtesy of Church Space

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Texas A&M awarded $1.3M federal grant to develop clean energy tech from electronic waste

seeing green

Texas A&M University in College Station has received a nearly $1.3 million federal grant for development of clean energy technology.

The university will use the $1,280,553 grant from the U.S. Department of Energy to develop a cost-effective, sustainable method for extracting rare earth elements from electronic waste.

Rare earth elements (REEs) are a set of 17 metallic elements.

“REEs are essential components of more than 200 products, especially high-tech consumer products, such as cellular telephones, computer hard drives, electric and hybrid vehicles, and flat-screen monitors and televisions,” according to the Eos news website.

REEs also are found in defense equipment and technology such as electronic displays, guidance systems, lasers, and radar and sonar systems, says Eos.

The grant awarded to Texas A&M was among $17 million in DOE grants given to 14 projects that seek to accelerate innovation in the critical materials sector. The federal Energy Act of 2020 defines a critical material — such as aluminum, cobalt, copper, lithium, magnesium, nickel, and platinum — as a substance that faces a high risk of supply chain disruption and “serves an essential function” in the energy sector.

“DOE is helping reduce the nation’s dependence on foreign supply chains through innovative solutions that will tap domestic sources of the critical materials needed for next-generation technologies,” says U.S. Energy Secretary Jennifer Granholm. “These investments — part of our industrial strategy — will keep America’s growing manufacturing industry competitive while delivering economic benefits to communities nationwide.”

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This article originally appeared on EnergyCapital.

Biosciences startup becomes Texas' first decacorn after latest funding

A Dallas-based biosciences startup whose backers include millionaire investors from Austin and Dallas has reached decacorn status — a valuation of at least $10 billion — after hauling in a series C funding round of $200 million, the company announced this month. Colossal Biosciences is reportedly the first Texas startup to rise to the decacorn level.

Colossal, which specializes in genetic engineering technology designed to bring back or protect various species, received the $200 million from TWG Global, an investment conglomerate led by billionaire investors Mark Walter and Thomas Tull. Walter is part owner of Major League Baseball’s Los Angeles Dodgers, and Tull is part owner of the NFL’s Pittsburgh Steelers.

Among the projects Colossal is tackling is the resurrection of three extinct animals — the dodo bird, Tasmanian tiger and woolly mammoth — through the use of DNA and genomics.

The latest round of funding values Colossal at $10.2 billion. Since launching in 2021, the startup has raised $435 million in venture capital.

In addition to Walter and Tull, Colossal’s investors include prominent video game developer Richard Garriott of Austin and private equity veteran Victor Vescov of Dallas. The two millionaires are known for their exploits as undersea explorers and tourist astronauts.

Aside from Colossal’s ties to Dallas and Austin, the startup has a Houston connection.

The company teamed up with Baylor College of Medicine researcher Paul Ling to develop a vaccine for elephant endotheliotropic herpesvirus (EEHV), the deadliest disease among young elephants. In partnership with the Houston Zoo, Ling’s lab at the Baylor College of Medicine has set up a research program that focuses on diagnosing and treating EEHV, and on coming up with a vaccine to protect elephants against the disease. Ling and the BCMe are members of the North American EEHV Advisory Group.

Colossal operates research labs Dallas, Boston and Melbourne, Australia.

“Colossal is the leading company working at the intersection of AI, computational biology, and genetic engineering for both de-extinction and species preservation,” Walter, CEO of TWG Globa, said in a news release. “Colossal has assembled a world-class team that has already driven, in a short period of time, significant technology innovations and impact in advancing conservation, which is a core value of TWG Global.”

Well-known genetics researcher George Church, co-founder of Colossal, calls the startup “a revolutionary genetics company making science fiction into science fact.”

“We are creating the technology to build de-extinction science and scale conservation biology,” he added, “particularly for endangered and at-risk species.”

Houston investment firm names tech exec as new partner

new hire

Houston tech executive Robert Kester has joined Houston-based Veriten, an energy-focused research, investment and strategy firm, as technology and innovation partner.

Kester most recently served as chief technology officer for emissions solutions at Honeywell Process Solutions, where he worked for five years. Honeywell International acquired Houston-based oil and gas technology company Rebellion Photonics, where Kester was co-founder and CEO, in 2019.

Honeywell Process Solutions shares offices in Houston with the global headquarters of Honeywell Performance Materials and Technologies. Honeywell, a Fortune 100 conglomerate, employs more than 850 people in Houston.

“We are thrilled to welcome Robert to the Veriten team,” founder and CEO Maynard Holt said in a statement, “and are confident that his technical expertise and skills will make a big contribution to Veriten’s partner and investor community. He will [oversee] every aspect of what we do, with the use case for AI in energy high on the 2025 priority list.”

Kester earned a doctoral degree in bioengineering from Rice University, a master’s degree in optical sciences from the University of Arizona and a bachelor’s degree in laser optical engineering technology from the Oregon Institute of Technology. He holds 25 patents and has more than 25 patents pending.

Veriten celebrated its third anniversary on January 10, the day that the hiring of Kester was announced. The startup launched with seven employees.

“With the addition of Dr. Kester, we are a 26-person team and are as enthusiastic as ever about improving the energy dialogue and researching the future paths for energy,” Holt added.

Kester spoke on the Houston Innovators Podcast in 2021. Listen here

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