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News & Announcements

11/19/2012 – CIT Invests $100,000 in Lewis and Clark Pharmaceuticals

The Herndon-based Center for Innovative Technology (CIT) said on Monday it has invested $100,000 in Charlottesville-based Lewis and Clark Pharmaceuticals, which focuses on adenosine-based compounds.

11/19/2012 – IntroHive replaces cold calls with warm introductions

His startup, IntroHive Inc., is powered by a number of former RIM employees, and is comfortably backed, in part, by former RIM executives.

11/16/2012 – What Is: Legal Trivia? Winner: Wilson Sonsini

Last night, 11 teams of attorneys gathered at Kirkland & Ellis in the sixth annual Lawyers for Literacy trivia challenge, benefiting educational nonprofit Everybody Wins! DC.

11/15/2012 – Intarcia Therapeutics Raises $210 Million, NEA Participated

Planning to relocate from California to the Boston area, Intarcia Therapeutics, a privately held biotechnology company, announced it has raised a total of $210 million in two separate financing deals, including $160 million in proceeds from a preferred stock private placement and $50 million in private debt. Investors in these financings included existing investors New Enterprise Associates...

11/15/2012 – Developer of sensitive devices to detect diseases, proteins gets In-Q-Tel funding

Biotech firm Quanterix raised $18.5 million in a funding round joined by CIA venture capital wing In-Q-Tel, the company announced.

11/15/2012 – Chevy Chase-Based NEA Increases Investment in Vuclip

New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, said it has increased its investment in Vuclip, a Silicon Valley-based developer of mobile video services.

11/14/2012 – San Francisco-Based Spruce Media Lands $15M in Debt Financing from Square 1 Bank

Spruce Media, a San Francisco-based developer of marketing technology used by advertisers, agencies and trading desks on Facebook, said on Wednesday it has secured $15 million in debt financing from Square 1 Bank.

11/14/2012 – Goodbye Pie Charts: Tech Bisnow Feature on Zoomdata

We thank the TV show 24 for our obsession for seeing things happen in real time. Whatever his motivation, Justin Langseth is doing the same with big data, via his recent spin-off of Zoomdata.

11/14/2012 – University of Maryland's Dingman Center Takes Cupid's Cup National

The University of Maryland's Dingman Center for Entrepreneurship said it will for the first time expand its annual Cupid's Cup Business Competition to the national stage.

11/13/2012 – Zoomdata Raises $1.1 Million Seed Funding

Zoomdata, a Reston-based developer of a big data visualization app, said on Tuesday it has landed $1.1 million in new seed funding from a group of angel and institutional investors.

11/13/2012 – GramercyOne Changes Its Name to Booker to Align With Strategic Direction and Focus on Service Businesses

GramercyOne, a service management platform (SMP) that unifies operations and automated marketing on a single cloud-based system, changed its name to Booker, to simplify its brand and align with the company's focus on helping service-based businesses run and grow successfully.

11/13/2012 – SocialToaster FANACTIVE: Helping NFL, NBA, & NHL Teams Use Social Media to Connect With Fans

SocialToaster, the social marketing platform, announced today the launch of SocialToaster FANACTIVE.

11/13/2012 – Piedmont RIA Makes Capital Investment In Speek, Inc.

Piedmont RIA through its affiliate Militello Capital, is pleased to announce it made a venture capital investment in Dulles, Virginia based Speek, Inc.

11/13/2012 – Raise Money Off Their Bravado; co-organized by Grotech Ventures Julia Taxin

Everyone in DC thinks they’re smart, so why not monetize that ego? 75 know-it-alls got together at Acre 121 last night to test out their trivia prowess and raise money for Cystic Fibrosis Research and the MEB Foundation.

11/13/2012 – Greenbelt-Based TRX Systems Raises $2M, Maryland DBED participated

TRX Systems, a Greenbelt-based developer of tracking systems that provide precise location data on people operating in areas without access to GPS, said it has raised $2 million in its first round of funding...

11/13/2012 – Two Baltimore startups awarded $600,000 under InvestMaryland; Bambeco awarded $400,000

Maryland awarded $1.1 million in three startups as part of a new venture capital program. Bambeco, an eco-friendly home decor and furniture retailer in South Baltimore, awarded $400,000.

11/13/2012 – New Enterprise Associates Joins $28 Million In Series B For Cardioxyl Pharmaceuticals

Cardioxyl Pharmaceuticals, Inc. announced that it has raised $28 million in a Series B financing led by OrbiMed Advisors. New investor Osage University Partners joined OrbiMed and returning investors New Enterprise Associates (NEA) and The Aurora Funds in the financing.

11/12/2012 – Wide Receiver Torrey Smith Endorses Energy Tech Startup

Wide receiver Torrey Smith and Energy Tech Startup have joined forces to help save Marylanders up to 20% on their electric bills.

11/12/2012 – TroopSwap launches military authentication tool, partners with Under Armour

McLean-based TroopSwap Inc., as part of a huge strategic shift, is looking to solve that problem. Coinciding with Veterans Day, the startup is launching Troop ID, an authentication tool that opens up a large cross-section of retail brands as potential customers. Baltimore-based Under Armour Inc. is the first to publicly make use of the technology.

11/09/2012 – Aegis Mobility Acquires ZoomSafer; Industry Leaders Combine Forces to Provide Distracted Driving Solutions

Aegis Mobility announced today the acquisition of ZoomSafer, Inc. for an undisclosed sum.

11/09/2012 – Md.-based Greenspring Associates Leads $12 MM Funding in Intronis

Intronis, a provider of cloud backup services, announced it has raised $12 million of venture capital in a deal led by Owings Mills-based venture capital firm Greenspring Associates, with participation from OpenView Venture Partners and the company's executive management team.

11/07/2012 – FCEDA hires Brickwork India to run its Bangalore marketing office

The Fairfax County Economic Development Authority (FCEDA) said it has hired Brickwork India to run its Bangalore marketing office and work with Indian companies considering expansion to the U.S. Brickwork India offers remote executive assistance, research and consulting and IT.

11/06/2012 – Meet The 'Obama Startup' That's Taking On Microsoft And NationalField

It turns out, some political campaigns are good for more than negative TV ads. Obama's last campaign gave rise to a hot startup, NationalField, with a little help from Facebook cofounder Chris Hughes.

11/06/2012 – CIT Extends Deadlines for Apps4VA High School, Open Competitions

The Herndon-based Center for Innovative Technology (CIT) and Virginia Department of Education on Tuesday extended the deadlines to submit software apps for their Apps4VA High School and Open Competitions.

11/05/2012 – Small businesses tap into cloud for efficiency (Speek)

John Bracken founded, a Washington, D.C.-area start-up that enables cloud-based teleconference calls, to ease the cumbersome task of rounding up attendees and dialing on speakerphones.

11/05/2012 – In Superstorm Sandy, GramercyOne Carries on Through the Cloud

In the wake of Superstorm Sandy, an event that impacted local businesses up and down the eastern seaboard, we asked Josh McCarter, CEO of GramercyOne, how his company stayed on track to maintain support and continuity of service for those local business customers.

11/01/2012 – Chevy Chase-Based NEA Names Dayna Grayson as a Partner

New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm focused on information technology, healthcare and energy technology companies, on Thursday named Dayna Grayson as a partner.

10/31/2012 – NEA Sells Millennial Media Shares for $21.5 Million

New Enterprise Associates has followed Bessemer Venture Partners in selling shares of the mobile advertising firm Millennial Media Inc. (NYSE: MM).

10/31/2012 – A tool for effortless conference calls: Speek

I spend a lot of time on conference calls, and getting on the call is often the most difficult part of the meeting. Speek is a painless Web-based conferencing tool...

10/30/2012 – Social Toaster FANS the Internet Megaphone Effect

If you are into this space check out Baltimore, MD-based SocialToaster. The company bills itself as a social media amplification company. They are about to make some noise that might make you want to virtually shout.

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