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News & Announcements

11/01/2013 – Silver Spring-Based ReelGenie Debuts Video Storytelling Technology

In a major milestone for the Silver Spring-based startup, ReelGenie on Friday officially debuted its video storytelling technology through a partnership with photo merchandising company York Photo.

10/31/2013 – Jibe, Silicon Valley Bank Close $4MM Credit Facility

Jibe, Inc. closed a $4 million credit facility from Silicon Valley Bank lending greater viability to Jibe’s position as one of the fastest-growing technology innovators in the recruiting and human capital management (HCM) market and will be used to continue the company’s rapid expansion and growth.

10/30/2013 – Horizon Technology Finance Leads $6 Million Venture Loan Facility for Nanocomp Technologies

Horizon Technology Finance Corporation today announced it led a $6 million venture loan facility for Nanocomp Technologies, Inc.

10/29/2013 – Sterling-Based 9Lenses Lands $1.1 Million Investment

9Lenses, a Sterling-based developer of organization intelligence software, said it has landed a new $1.1 million investment from Silicon Valley-based Icon Venture Partners.

10/29/2013 – MAVA Leadership Member Core Capital's Tom Wheeler Confirmed as FCC Chairman

The Senate has unanimously confirmed Tom Wheeler as the new chairman of the Federal Communications Commission (FCC), nearly six months after President Obama nominated the managing director of DC-based investment firm Core Capital Partners for the role.

10/28/2013 – GlycoMimetics sets IPO price range at $14 to $16 per share with MAVA Leadership Member NEA as largest shareholder

Gaithersburg-based GlycoMimetics Inc. set the terms for its upcoming IPO on Monday, planning to sell 4 million shares at between $14 and $16 apiece.

10/28/2013 – Harbert Venture Partners Joins $16M Series E For PeopleMatter

PeopleMatter – the only cloud-based workforce management platform designed specifically for the service industry – today announced that it has secured $16 million in Series E funding.

10/28/2013 – MorganFranklin Consulting Wins 2013 Inc. Hire Power Award for Boosting American Jobs

MorganFranklin Consulting, a leading business consulting and technology solutions company based in McLean, Va., and London, today announced that the firm has won a 2013 Inc. Hire Power Award, recognizing private companies that are adding jobs and rebuilding the economy.

10/28/2013 – SL8Z Crowdsourced Recruiting Closes First Venture Round

The investment was made by the Center for Innovative Technology (CIT) via its CIT GAP Funds.

10/28/2013 – Invincea Announces Major Revenue and Deployment Milestones, Names 17 New Clients

Company Achieves 200% Quarter-Over-Quarter and Year-Over-Year Growth, Now Protecting Nearly 10,000 Organizations World-Wide, Rebrands Flagship Product as Invincea FreeSpace(TM)

10/25/2013 – NeoChord Closes $3MM Loan With Square 1 Bank

NeoChord Inc., a developer of minimally invasive devices and procedures for mitral valve repair, announced that on Sep. 9, the company closed on a $3 million credit facility with Durham, NC-based Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community.

10/25/2013 – Center for Innovative Technology Invests in Reston-Based SL8Z

The Herndon-based Center for Innovative Technology (CIT) said it has invested an unspecified amount in Reston-based SL8Z, developer of an online marketplace for crowdsourced recruiting.

10/24/2013 – InspireMD receives $10M from Hercules Technology Growth Capital

InspireMD said Thursday that it has closed $10 million in financing from Hercules Technology Growth Capital.

10/24/2013 – 5 startups receive $1M in loans from Anne Arundel VOLT fund

Five startups, including SameGrain and Light Point Security, received more than $1 million from the VOLT Fund technology loan program administered by the Anne Arundel Economic Development Corporation.

10/23/2013 – CIT Invests in SL8Z CrowdSourced Recruiting

The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds closed an investment in SL8Z, Inc., a global marketplace for crowdsourced recruiting located in Reston.

10/22/2013 – Wellington Financial Provides $2.5 Million Growth Capital to SaaS Platform Company

Wellington Financial LP, a privately-held specialty finance firm, today announced the closing of a US$2.5 million venture debt financing for a Southern California-based software-as-a-service (SaaS) web platform company.

10/22/2013 – Higher Logic Ranked Among Top 100 Washington, D.C. Companies in Annual Inc. 500|5000

Higher Logic, the leading industry provider of private social networking software for associations, franchises and users groups, has been ranked #18 among the Top 100 Washington, D.C. Companies in Inc.s seventh annual Inc. 500|5000.

10/22/2013 – CC13 Presenter Univa Completes Acquisition of Grid Engine Assets

Univa, the Data Center Automation company, today announced that the company will assume support of Oracle Grid Engine customers. As a part of the transaction, Univa acquired Oracle Grid Engine assets and intellectual property making it the sole commercial provider of Grid Engine.

10/21/2013 – Maryland Tedco seeks $30M to invest in veteran-owned businesses

An arm of the Maryland Technology Development Corp. is aiming to raise $30 million for a new fund dedicated to investing in veteran-owned businesses.

10/17/2013 – Square 1 Bank Provides Credit Facility to CrossCut Ventures

Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, today announced that it has provided a credit facility to Santa Monica-based CrossCut Ventures, a seed-stage venture capital firm.

10/16/2013 – How Playlists Help College Hopefuls, Overwhelmed Advisers

Mytonomy, a D.C.-area video startup, aims to connect students with college and career advice from near-peers and other role models.

10/16/2013 – A string of Washington area companies collect venture capital investments from investors including Updata Partners, LLR Partners

Venture capital deals in the fourth quarter may be off to strong start after a series of companies from around the Washington region collected millions of dollars from investors this week.

10/15/2013 – DLA Piper advises Vocalocity in $130m deal with Vonage Holdings

DLA Piper has advised Vocalocity, a provider in the SMB-hosted VoIP market, on the $130m (£82m) sale of its business to New Jersey-based telecommunications provider Vonage Holdings.

10/15/2013 – Nginx Raises $10M Series B Round Led By NEA

Nginx, the company behind the increasingly popular web server by the same name, today announced that it has raised a $10 million Series B round led by New Enterprise Associates.

10/15/2013 – TechBUZZ Presenter Parking Panda Makes Business Insider's 'Best Startups' list

Business Insider has featured a list of the 15 Best Startups to Work For in America and two Baltimore companies made the list: Parking Panda and Groove Commerce.

10/15/2013 – Logi Analytics Secures $27.5M Investment led by LLR Partners, Updata

Logi Analytics, the authority on embedded analytics, today announced that it has closed a $27.5 million growth equity investment led by new investor LLR Partners. Current investor Updata Partners also participated in the round.

10/14/2013 – Speek Partners with Dell to Offer Speek Pro to Entrepreneurs

Speek, a platform for super simple conference calling, announced that it will be featured in the new Dell Marketplace.

10/10/2013 – Fairfax County EDA wins top marketing award

The International Economic Development Council (IEDC) honored the Fairfax County Economic Development Authority (FCEDA) with a 2013 Excellence in Economic Development Award for the FCEDA’s unique and extensive program that works with foreign companies interested in establishing or expanding operations in the United States.

10/09/2013 – AnyPresence Wins Top Platform/API Award at DataWeek 2013

AnyPresence today announced that its enterprise backend-as-a-service platform won the Top Platform/API award at DataWeek 2013.

10/08/2013 – AdMobius & Lotame Partner to Enhance Mobile Ad Targeting

AdMobius, the first mobile audience management platform and Lotame, the global leader in unifying data management, today announced a partnership, designed to offer publishers access to true behavioral and demographic audiences to better target ad campaigns across mobile devices.

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