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News & Announcements

07/24/2014 – Decision Lens raises $6.5M in debt and equity

Decision Lens, an Arlington company that provides decision-making software to government agencies, pro sports teams, pharma and other customers, announced on Thursday a $6.5 million debt and equity raise.

07/17/2014 – Multiplier Capital, LP closes first fund at $227 million

Multiplier Capital, a venture debt fund with established excellence in growth capital lending, today announced the final closing of its first fund, Multiplier Capital, LP, with investable capital of approximately $227 million.

07/17/2014 – BetterDoctor Closes $10 million Series A led by New Enterprise Associates

Promising news for any unlucky american in immediate need of a doctor: BetterDoctor, the San Francisco based healthcare tool and online doctor search service, has closed a $10 million Series A funding round led by New Enterprise Associates and participated by existing investors including SoftTechVC and Finnish venture capital firm Lifeline Ventures.

07/17/2014 – Baltimore-area companies raise $29.5M in venture capital during second quarter

Baltimore-area companies took home 12 percent of the money venture firms invested in the Baltimore-Washington, D.C., region in the second quarter.

07/17/2014 – Latisys Positioned in New Gartner Magic Quadrant for Cloud-Enabled Managed Hosting, North America

Company Achieves First Ever Placement, Based on Completeness of Vision and Ability to Execute

07/15/2014 – Motionsoft, maker of fitness club software, raises $10M Series B

Motionsoft, which sells check-in, billing and other management software to fitness clubs, on Tuesday announced a $10 million Series B funding led by Alexandria-based Route 66 Ventures.

07/14/2014 – Edison Ventures Changes Name to Edison Partners

Edison Ventures, the New Jersey-based venture capital firm with offices in McLean, said on Monday it has changed its name to Edison Partners.

07/02/2014 – Paladin Capital Group Appoints Former NSA Executive Chris Inglis

Paladin Capital Group is pleased to announce that the former Deputy Director of the NSA Chris Inglis has joined Paladin as a Venture Partner.

07/01/2014 – Acentia Subsidiary Awarded IRS Data Systems Support Contract

An Acentia subsidiary has won a five-year, $68 million contract to provide information technology services to the Internal Revenue Service‘s data delivery organization.

06/27/2014 – Pharmacy Pricing & Benefits Analysis Platform Truveris Raised Another $12.75M

Truveris, a leading platform for pharmacy pricing and benefits analysis, today announced it raised $12.75 million in a Series C Round financing.

06/26/2014 – BlockScore Lands $2M In Funding For Making I.D. Verification Easier

In 2012, about 7 percent of all people aged 16 or older in the U.S. experienced identity theft, with their financial losses totaling $24.7 billion. Christopher Morton is familiar with the crime because in 2007, he had his identity stolen.

06/25/2014 – Optoro Wins NVTC Hottest VC Deal Award

The Northern Virginia Technology Council (NVTC) honored Optoro with the Hottest VC Deal award at their annual Hot Ticket Awards.

06/24/2014 – SIM Partners Secures $8M in Series A Funding

SIM Partners said that it has raised $8M in Series A funding led by River Cities Capital Funds and Jump Capital.

06/24/2014 – RedOwl Analytics Announces $4.6 Million of New Funding

RedOwl Analytics, a company that applies analytics to internal corporate data streams for proactive risk oversight, announced the closing of their Series A financing with $4.6 million of new funding.

06/23/2014 – Scivantage Raises $20M to Fuel Continued Growth and Product Innovation

ORIX Ventures, Comerica Bank, BBH Capital Partners and Edison Ventures Lead Latest Round to Support Client Demand and Strategic Partnerships

06/23/2014 – EY Announces EdgeConneX CEO Randy Brouckman Is an EY Entrepreneur Of The Year™ 2014 Award Winner in Greater Washington

Award Recognizes Entrepreneurial Excellence in Technology and Biotechnology Category

06/20/2014 – Ernst and Young Entrepreneur of the Year Awards Greater Washington Revealed: ECS Federal, Matchbox Among Winners

To the tune of a live jazz band playing the Daft Punk song “Get Lucky”, the 2014 Ernst and Young Entrepreneur of the Year Awards of Greater Washington winners were last night unveiled at the Ritz Carlton Tysons Corner

06/17/2014 – VeloCloud Networks Announces $21 M in Funding Led by NEA, Venrock and The Fabric

VeloCloud Networks, Inc., a pioneer in Cloud-Delivered WAN, today announced it has raised $21 million in funding led by leading venture capital firms New Enterprise Associates (NEA) and Venrock as well as incubator firm, The Fabric.

06/17/2014 – Oxford Finance Closes $6.1 Million Senior Credit Facility with Synergy Health Centers

Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced that a $6.1 million round of financing was provided to Synergy Health Centers ("Synergy").

06/17/2014 – River Cities Capital Funds leads an $8M tech round

River Cities Capital Funds, a national venture capital firm that splits its headquarters between Cincinnati, Ohio and Raleigh, led an $8 million investment round in social marketing automation firm SIM Partners.

06/17/2014 – MEDIA ADVISORY: 20 Startups to Present at TechBUZZ Summer 2014

300+ angel and venture investors, corporate partners, entrepreneurs and business advisors will gather to see 20 technology or tech-enabled companies present their innovative businesses at the Mid-Atlantic Venture Association’s (MAVA) TechBUZZ for summer 2014.

06/16/2014 – MAVA Announces CEOs Blake Hall and James Quigley to Speak at TechBUZZ Hosted at AOL Fishbowl

MAVA today announced two Keynote Speakers, CEOs Blake Hall of ID.me and James Quigley of Canvas, to join the program during TechBUZZ-Summer 2014.

06/13/2014 – Square 1 Bank Provides $1.5MM Credit Facility to Education Elements

Square 1 Bank announced that it has provided a $1.5 million credit facility to new client Education Elements, Inc., a nationally recognized personalized learning solutions company that partners with districts and schools to transform teaching and learning through integrating technology and pedagogy in the classroom.

06/13/2014 – Astea Announces $3 Million Credit Facility from Silicon Valley Bank

Astea International Inc. (NASDAQ:ATEA), a global provider of service management and mobile workforce solutions, today announced that it has obtained a two year revolving line of credit for working capital needs from Silicon Valley Bank (SVB) for $3 million.

06/11/2014 – Oxford Finance Closes $4MM Debt Facility With IntelliCyt

Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced the closing of a $2.5 million senior secured term loan agreement and a $1.5 million revolving line of credit with IntelliCyt Corporation ("IntelliCyt").

06/11/2014 – RuiYi Closes $4 Million Venture Loan from Silicon Valley Bank

RuiYi, Inc., a global therapeutic innovation leader, announced today the close of a $4 million debt financing from Silicon Valley Bank to advance a pipeline of novel monoclonal antibodies (mAb) targeting G protein coupled receptors (GPCRs).

06/10/2014 – Biotech company Cellphire earns $1M State investment

In their usual state, platelets don’t have a very long shelf life.

06/09/2014 – River Cities Capital closes largest fund to date, celebrates 20th anniversary

River Cities Capital Funds (RCCF), a growth equity firm investing in high-potential health care and IT companies, announced today the final closing of its fifth fund.

06/09/2014 – XebiaLabs Raises $12m in Growth Equity Round by Updata Partners

Leading delivery automation vendor XebiaLabs today announced it has closed a $12 million growth equity investment by Washington, D.C. based Updata Partners.

06/06/2014 – Senseonics nets $20M, starts trials for connected, embedded continuous glucose monitor

Germantown, Maryland-based continuous glucose monitor developer Senseonics raised $20 million from existing investors Anthem Capital, Delphi Ventures, Greenspring Associates, Healthcare Ventures, and New Enterprise Associates.

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