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News & Announcements

07/16/2012 – CivicScience Raises $2.86 Million From New Atlantic Ventures And Cox To Crunch Data From Online Polls

About a year ago, we first wrote about CivicScience, an online polling startup based in Pittsburgh that had just raised $1.2 million in seed funding from research firm The NPD Group, national polling company ALR, and The McClatchy Company director Kevin McClatchy, among others.

07/12/2012 – New Enterprise Associates Portfolio Co. 23andMe Acquires Cure Together

23andMe, a personal genetics company, has acquired CureTogether. CureTogether was launched in 2008 initially to help people who live in daily chronic pain.

07/11/2012 – ABS Capital Partners Leads $22.5M Financing for Athletes' Performance

Athletes’ Performance, a provider of performance training, nutrition and physical therapy for athletes, military and corporations, received a $22.5 million investment from ABS Capital Partners, a Baltimore based investor in later-stage growth companies.

07/11/2012 – CIT Announces 2nd Round Awards of the FY2012 Commonwealth Research Commercialization Fund

The Center for Innovative Technology (CIT) today announced 22 awards totaling $3.1 million for the second round of the FY2012 Commonwealth Research Commercialization Fund (CRCF).

07/10/2012 – Sonatype Secures $25 Million in Financing Led by New Enterprise Associates

Sonatype, the leader in component lifecycle management, today announced it has secured $25 million in financing led by New Enterprise Associates (NEA), with participation from existing investors Accel Partners, Hummer Winblad Venture Partners, Morgenthaler Ventures and Bay Partners.

07/10/2012 – Tom Dann Named Managing Director of Maryland Venture Fund

Maryland Department of Business and Economic Development (DBED) Secretary Christian S. Johansson today announced that Thomas S. Dann has been named Managing Director of the Maryland Venture Fund.

07/10/2012 – Oxford Finance Provides $10 Million Senior Credit Facility to LensAR

Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced it closed a $10 million debt facility with LensAR, Inc.

07/09/2012 – JMI Equity Backs Capsule Tech

Capsule Tech, Inc., a provider of medical device connectivity, received a strategic investment from JMI Equity, a Baltimore based growth equity firm focused on investing in growing software, Internet, business services and healthcare IT companies.

07/09/2012 – Core Capital Partners Join $4.75M Series B for KnowledgeTree

KnowledgeTree, a provider of cloud-based solutions that help companies “rule their documents,” announced the closing of a $4.75 million Series B round of venture capital investment.

07/09/2012 – At Augaroo, big data you can see and touch

Justin Langseth has been working to collect, manipulate and make sense of big data since before the term became mainstream vernacular in tech circles.

07/05/2012 – New Enterprise Associates Joins $6M Round For BenchPrep

BenchPrep, the world’s only interactive marketplace and learning platform that works across desktop, iPhone, iPad and Android devices, today announced that the company closed a successful $6 million venture capital round led by New Enterprise Associates (NEA) with participation from Revolution Ventures.

06/28/2012 – Novak Biddle Leads $5M Series A in Copiun

Copiun Inc., a provider of secure mobile collaboration solutions with end-to-end data governance, has closed the final tranche of its $5 million Series A funding led by venture capital firm, Novak Biddle Venture Partners.

06/28/2012 – Maryland Reviews Proposals from 37 Private Venture Firms for InvestMaryland Program

Following a meeting of the Maryland Venture Fund Authority, Maryland Department of Business and Economic Development (DBED) Secretary Christian S. Johansson and Maryland Venture Fund Authority Chairman Peter Greenleaf issued the following statement on the Authority’s progress in selecting private venture capital firms that will receive funds through the State’s InvestMaryland program.

06/28/2012 – Edison Ventures Invests $10M in Magnetic

Edison Ventures proudly announces leading $10M growth financing of Magnetic.

06/28/2012 – New Enterprise Associates Leads $25M Series C in Blue Jeans Network

New Enterprise Associates has led a $25 million Series C round for Blue Jeans Network, a provider of interoperable video conferencing services. Accel Partners and Norwest Venture Partners also participated.

06/27/2012 – SocialToaster Closes Series A Funding in the Amount of $1.975 Million

SocialToaster is pleased to announce the closing of its oversubscribed Series A funding round in the amount of $1.975 million.

06/26/2012 – NVTC Congratulates the 2012 Hot Ticket Awards Winners and Finalists! – Capital Connection’12 Presenters newBrandAnalytics and Sonatype, Sterling Company Broadsoft

Members of Northern Virginia's hottest technology scene gathered on Tuesday, June 26, for the 11th Annual Hot Ticket Awards at the home of NVTC President and CEO Bobbie Kilberg.

06/22/2012 – Novak Biddle Venture Partners raising sixth fund

Bethesda-based Novak Biddle Venture Partners is setting out to raise its sixth fund, said co-founder Jack Biddle, its first such effort since the early-stage venture firm raised $227 million six years ago.

06/19/2012 – NEA Joins $47 Million Round in SmartDrive Systems

SmartDrive Systems has raised $ 47 million in additional venture funding led by Oak Investment Partners and New Enterprise Associates.

06/12/2012 – Hercules Technology Growth Capital Announces Quarter-to-Date Q2 2012 Portfolio Update with New Originations Totaling over $100.0 Million

Hercules Technology Growth Capital, Inc. (NYSE: HTGC), a leader in customized debt financing for entrepreneurial venture capital and private equity-backed companies in technology-related markets including cleantech and life science, today announced its quarter-to-date Q2 2012 portfolio update.

06/11/2012 – CIT GAP Funds Makes Second Investment in OhMyGov Inc.

The Center for Innovative Technology announced today a second round of investment to OhMyGov Inc., a technology firm based in Alexandria, Va., that provides software to help government agencies, associations, elected officials and political organizations monitor public dialogue and measure the influence of their strategic marketing and communications strategies.

06/08/2012 – Fashion Web Start-Up Raises $36 Million

Everyone loves a bargain, but some shoppers just want access. At least that’s the thesis behind Moda Operandi, a New York-based start-up that has raised $36 million from venture capital firm RRE Ventures, and several strategic investors, including IMG and LVMH Moët Hennessy Louis Vuitton.

06/07/2012 – Deal Alert: J. Moore Partners Advises Manticore Technology on its Merger with Sales Engine International

We are pleased to announce the successful merger of Manticore Technology, a leading SaaS marketing automation software platform with Sales Engine International, a top B2B integrated marketing and sales acceleration company under the Sales Engine International name.

05/24/2012 – Scoutmob Attracts Investors and Partners by Saying It’s Not a Daily Deals Company

Scoutmob was able to attract $3.25 million in new funding and a major new payments partner by pitching itself as a mobile company and not as a fledgling competitor in the daily deals space.

05/24/2012 – Record Attendance, Powerful Agenda makes 25th Capital Connection a Big Hit

Capital Connection’12 and its TechBUZZ program, a nationally recognized technology industry conference, featured a day filled with powerful speakers, compelling company presentations and dynamic networking that captivated a capacity crowd of nearly 1100 attending both events. From an investor panel discussing the health of the marketplace and 26 game-changing company presentations to a glimpse into the life of the ultimate entrepreneur, Steve Case and culminating in the TechBUZZ Showdown competition between the three “Best of the BUZZ” companies, the 25th Anniversary of Capital Connection’12 is one for the record books.

05/23/2012 – TechBUZZ Audience Votes 3 Companies as “Best of the BUZZ”

Capital Connection’12, a nationally recognized technology industry conference, debuted 28 emerging technology start-ups on the TechBUZZ stage and three earned the title of “Best of the BUZZ” and head to the Main Stage Thursday afternoon to compete in the TechBUZZ Showdown. Real-time audience feedback through a mobile application made possible the immediate selection of the “Best of the BUZZ” companies that will introduce their breakthrough companies to a powerful and influential audience at the Capital Connection’12 finale.

05/22/2012 – 24 Sterling Companies Share Spotlight Celebrating 25 years of Capital Connection

Capital Connection’12, a nationally recognized technology industry conference, will pay tribute to 24 successful businesses singled out as market maker companies with a special “Sterling Company” award. The companies were selected unanimously by some of the country’s top private investors for stellar performance and will join in the 25th Anniversary celebration of the Capital Connection conference.

05/22/2012 – Reznick Group, J.H. Cohn LLP Announce Merger

Reznick Group, P.C., and J.H. Cohn LLP, two of the top-20 ranked accounting, tax and consulting firms in the United States, today announced plans to merge and become the 11th largest firm in the country with more than 2,000 employees, 25 offices and combined revenues of more than $450M.

05/21/2012 – Capital Connection & Startup America Team Up for Mid-Atlantic Challenge Contest

Capital Connection’12, a nationally recognized technology industry conference, joined forces with the Startup America Partnership to offer a coveted spot as the 28th seed stage company to compete in TechBUZZ on May 23. The Startup America TechBUZZ Challenge Contest was held last week and the finalist was named at an event held Saturday afternoon, May 19.

05/18/2012 – Capital Connection Hosts CXO Roundtables Featuring Top Industry Leaders

Capital Connection’12, a nationally recognized technology industry conference, will present one of its main attractions of the Capital Connection program with its Peer-to-Peer Sessions. The CXO Roundtables are one of the highlights of Capital Connection each year and are made available to pre-registered attendees.

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