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Check back regularly for news, coverage, and announcements about MAVA.


News & Announcements

04/16/2013 – Revolution, Grotech, TDF join $27.5m funding for New York's Booker

New York-based Booker, the cloud-based service management platform formerly known as GramercyOne, landed a big Series B Tuesday morning. Joining in the $27.5 million financing were three D.C. area firms: Revolution Ventures, Grotech Ventures and TDF Ventures, all existing investors.

04/16/2013 – Angel investing shifted slightly in 2012

Amid reports of an angel funding boom that threatens to become a Series A crunch, a new report shows early stage investing in 2012 was relatively calm, according to the Silicon Valley Business Journal.


Nearly 150 Baltimore-area technology business starters and business builders gathered in downtown Baltimore at the Legg Mason Tower to share ideas and connect with one another, a testament to the dynamic and tech entrepreneurial community in the greater Baltimore region.

04/15/2013 – Two Baltimore startups among InvestMaryland Challenge winners

Two Baltimore companies took top honors in the state’s first InvestMaryland Challenge.

04/12/2013 – Virginia to Launch New Cyber-Security Accelerator at CIT

The state of Virginia plans to launch a new cyber-security accelerator at Herndon's Center for Innovative Technology (CIT).

04/12/2013 – InvestMaryland Challenge Winners to be Announced Monday Night; Social Toaster a finalist

Maryland Gov. Martin O'Malley on Monday night will announce the three $100,000 winners of the state's inaugural InvestMaryland Challenge, a national seed- and early-stage business competition.

04/11/2013 – NEA leads $16m investment in orphan drug accelerator

New Enterprise Associates is betting on an accelerator concept to solve the de-risking riddle inherent to orphan drugs — that is, those targeting rare diseases — and identifying promising orphan drug candidates and bringing them to market.

04/11/2013 – I won the SXSW best pitch contest and all I got was this dumb tattoo

Founding a startup means going all in no matter what. At least, that’s what Danny Boice, CTO of Speek, discovered when he pulled a pitch-winning stunt at SXSW.

04/10/2013 – Maryland Tedco names Stifel exec to oversee four VC funds

The Maryland Technology Development Corp. has named a Stifel Nicolaus Weisel executive to manage the organization’s four venture capital funds, the Baltimore Business Journal reports.

04/10/2013 – Chevy Chase-Based New Enterprise Associates Invests in WellTok

New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, said on Wednesday it has taken part in a new $18.7 million round of funding for Denver-based WellTok, developer of the CafeWell social health network.

04/10/2013 – CIT Project to Help Improve Broadband on Native American Lands

Following a feasibility study last year highlighting the gaps in broadband availability on Native American tribal lands, the Herndon-based Center for Innovative Technology (CIT) said it has launched a project aimed at helping Virginia tribes improve broadband coverage.

04/09/2013 – Burlingame-Based Cleave Raises $10 Million from NEA

Cleave Biosciences, a Burlingame-based developer of drugs targeting difficult-to-treat cancers, said on Tuesday it has landed a new $10 million investment from New Enterprise Associates (NEA), increasing its first round to $54 million.

04/09/2013 – Columbia-Based Sourcefire Names John Becker as New CEO

Sourcefire, the Columbia-based developer of cybersecurity tools, has named John Becker as its new CEO.

04/09/2013 – Christopher College to Head Newly Launched TEDCO Capital Partners

The Maryland Technology Development Corp. (TEDCO) on Tuesday named Christopher College as managing partner for its newly established TEDCO Capital Partners, which will manage the organization's family of venture capital funds.

04/09/2013 – Employers Face Liability Risks for Distracted Driving

Aegis Mobility was founded in 2006 to address the problem of mobile phone use in vehicles.

04/08/2013 – Basho Announces Initial Speaker Line-up for RICON East, a conference dedicated to Distributed Systems, NoSQL, and Cloud Storage in New York City

Basho, the worldwide leader in distributed database and cloud storage software, announced today the initial speaker line up for RICON East.

04/08/2013 – Firm assesses employees’ relationships

A Maritime company has devised a platform that will allow businesses to take stock of their relationship capital. Introhive, a venture-funded company founded in 2012, officially launched its relationship analytics tool at a conference in San Francisco, Monday.

04/08/2013 – Speek eases conference calling hassles for Windows Phone

If that headline sounds familiar, it's because I wrote a similar one back in January about Speek for iOS. It's an app that brings conference-call creation and management to your smartphone.

04/08/2013 – Novartis to set up business services centre in Dublin

Swiss pharmaceutical company Novartis is to establish a business services centre at its Beech Hill campus in Dublin.

04/08/2013 – Introhive Delivers Industry’s First Relationship Capital Platform

Introhive, the relationship capital company, today announced the latest version of its platform.

04/08/2013 – Sixteen Area Start-Ups Selected to Highlight TechBUZZ Spring 2013

MAVA is shining the light on East Coast innovators and company-builders at its TechBUZZ Spring 2013, with a group of 16 start-ups selected to take the public stage to share their stories with investors, technology executives and fellow entrepreneurs. TechBUZZ Spring 2013 will be held at the Bethesda Blues and Jazz Supper Club on April 23.

04/04/2013 – CIT GAP Funds invests in VividCortex

Herndon-based Center for Innovative Technology said Thursday that its CIT Gap Funds has closed an investment in Charlottesville-based VividCortex.

04/04/2013 – Report: U.S. Venture Capital Fundraising May Rebound in 2013

Following a down year for U.S. venture capital in 2012, the slump in fundraising could be over, at least for some companies.

04/04/2013 – Arlington-Based In-Q-Tel Invests in Redlen Technologies

In-Q-Tel (IQT), the Arlington-based venture fund backed by the Central Intelligence Agency (CIA), said on Thursday it has invested in Canada's Redlen Technologies as part of a larger technology development deal. Financial terms were not disclosed.

04/04/2013 – Tech Companies Love Dublin's Tax Rates

Dublin’s Grand Canal Square, just south of the River Liffey, is known as Googletown.

04/04/2013 – Investment in second medical devices plant in Ireland

Significant growth in its healthcare business has prompted Nypro Healthcare in Ireland, a subsidiary of US-based Nypro (Clinton, Massachusetts; to invest in an additional manufacturing plant.

04/04/2013 – CloudeAssurance's Quarterly Independent Cloud Security Benchmark Study Names Top 10 Cloud Service Providers

CloudeAssurance, Inc. - an eFortresses Company last month released its second quarterly Cloud Security Benchmark: Top 10 CSPs and added this report to its cloud security rating system platform: CloudeAssurance. This platform enables safe and secure adoption of Cloud Computing!

04/03/2013 – BA Insight Raises $4.5 Million; Federal Offices in Reston; Osage Venture Partners and Paladin Capital Group participated

BA Insight, a New York-based developer of enterprise search technology with federal offices in Reston, said on Wednesday it has raised $4.5 million in a new round of funding.

04/03/2013 – Just how useful is Grade D.C.?

At his news conference Tuesday morning, Mayor Vincent C. Gray rolled out his latest batch of agency grades — the product of a nearly year-old partnership with local research firm newBrandAnalytics.

04/03/2013 – NEA leads $37M round in cloud startup

Chevy Chase-based New Enterprise Associates is leading a new $37 million funding round in MuleSoft, a San Francisco startup offering an extensive platform for companies who seek to integrate APIs and data from other companies, VentureBeat reported.

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