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News & Announcements

09/04/2013 – Baltimore-Based ABS Capital Partners Invests $12 Million in iZotope

ABS Capital Partners, a Baltimore-based investment firm focused on late-stage companies in the education services, healthcare, media and communications and technology sectors, said that it has invested $12 million in Massachusetts-based audio technology company iZotope.

09/03/2013 – Chevy Chase-Based NEA Leads New $50 Million Round for Lithium

New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, has led a new $50 million round of funding for San Francisco-based Lithium Technologies, a developer of software that lets businesses create their own social networks and online communities.

08/29/2013 – Signal Hill Client Acurian Acquired by PPD

Signal Hill is pleased to announce that its client Acurian has been acquired by Pharmaceutical Product Development, LLC, a leading global contract research organization (CRO) providing drug discovery, development, lifecycle management and laboratory services.

08/28/2013 – 18 Area Start-Ups to Take the Stage at TechBUZZ Georgetown

Security, Mobile, Education, Real Estate, Consumer are Among Sectors Represented

08/28/2013 – Three MAVA Members on Inc.'s 5000 Fastest Growing Companies

High Street Partners, MorganFranklin, and Arnold & Porter listed among 5000 fastest growing companies in America

08/27/2013 – PrimeSource Healthcare Systems Closes $5.5M from Oxford Finance

Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, announced that it closed a $5.5 million revolving line of credit with PrimeSource Healthcare Systems, Inc.

08/26/2013 – In-Q-Tel Joins $18.5M Series C For HyTrust

HyTrust Inc., the Cloud Security Automation Company, announced Series C oversubscribed financing in the amount of $18.5 million from new investors Intel Capital and Fortinet as well as recent investors VMware and In-Q-Tel. Previous investors Granite Ventures, Cisco, Trident Capital and Epic Ventures also participated in this round.

08/21/2013 – AnyPresence Joins Citrix Ready Worx Verified Program for Enterprise Mobile Apps

AnyPresence, the leading enterprise backend-as-a-service (BaaS) platform, today announced that it has joined Citrixs Ready Worx Verified partner program, and will now be featured in the Citrix Worx App Gallery.

08/21/2013 – Altamira Named Consulting Partner For Amazon Web Services

Altamira has attained consulting partner status on the Amazon Partner Network, Altamira announced Monday.

08/21/2013 – Axeda Closes $12M Round Led by JMI Equity

Axeda Corporation announced the the closing of $12 million in growth funding led by JMI Equity, a long-term supporter of Axeda.

08/21/2013 – Duane Morris Baltimore Attorneys Recognized by Best Lawyers

Three Duane Morris attorneys based in the firm's Baltimore office have been recognized by Best Lawyers. George J. Nemphos, the Chair of the firmwide Corporate Practice Group, has been selected as a "Lawyer of the Year" in the area of leveraged buyouts and private equity law in Baltimore for 2014.

08/20/2013 – New Enterprise Associates Leads $55M Series D For Cleversafe

Cleversafe Inc., the solution for limitless data storage, today announced that the company has secured $55 million in funding to support its growth momentum, achieved by its breakthrough technology’s cost-saving solution for massive-scale, high-growth storage needs.

08/19/2013 – Square 1 Bank Announces Credit Facility to NanoLumens

Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, announced today it has provided a credit facility to NanoLumens®, the rapidly growing Atlanta-based manufacturer and marketer of award-winning flexible and fixed LED displays.

08/16/2013 – Agilis partnership with Trane gets energy analytics into more buildings

Whether people realize it or not, how they use energy creates patterns. Measuring those patterns in buildings opens the door to finding efficiencies and savings.

08/15/2013 – NEA Joins $1.7M Seed Round For Swiftype

Swiftype, the Y Combinator startup that is evolving site search into a powerful marketing and conversion tool for web businesses, announced today it has raised a seed round of $1.7 million in funding that includes some of the most successful Silicon Valley investors and venture capital firms.

08/14/2013 – Survey: Overseas Expansion Becoming a Top Priority for U.S. Businesses

With growth in the U.S. still sluggish, American businesses are more frequently pursuing international expansion to drive sales and win new customers, according to a new survey of senior executives by CFO Research and High Street Partners.

08/14/2013 – Ashburn-Based Speek Raises $1.1 Million in Bridge Funding

Speek, the Ashburn-based developer of a visual conference platform, on Wednesday announced a $1.1 million round of bridge funding.

08/14/2013 – NEA Leads $5.6M Funding for MeCommerce Inc

On Wednesday it announced raising $5.6 million in venture funding led by New Enterprise Associates and Andreessen Horowitz and said its service will be ready for the masses next month.

08/13/2013 – Millennial Media to Acquire Jumptap

Acquisition will strengthen Millennial Media’s position as the largest global Independent Mobile Advertising Platform

08/12/2013 – The Propel Baltimore Fund, Co-Managed by TEDCO, Invests in Social Toaster

The Propel Baltimore Fund is banking on tech-driven businesses with its latest investments in two of the most talked about start-ups in Baltimore, Social Toaster and Woofound.

08/08/2013 – CIT GAP Funds Invests in WealthForge Holdings

The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds has closed an investment in WealthForge Holdings, Inc., a Richmond-based company that runs a complete, cost-effective and scalable transactional system connecting to crowdfunding portals, investment banks and investment advisors.

08/08/2013 – VividCortex Raises $2 Million from CIT and Others

VividCortex Inc. has closed a $2 million round of financing, most of it from investors in Charlottesville, termed by its co-founder as “the East Coast’s best-kept sleeper tech hub secret.”

08/07/2013 – Updata Partners Leads $12.5M Series B For LendKey

LendKey (formerly Fynanz), the cloud-based lending technology company located in New York City and Cincinnati, announced the closing of an additional $12.5 million in Series B venture funding led by new investors Updata Partners and TTV Capital, as well as existing investors Draper Fisher Jurvetson and Gotham Ventures.

08/07/2013 – Betterific adds USA Today as a client

Betterific, the digital suggestion box that gives users a place to sound off on everything from fast food to mobile phones and beyond, recently partnered with USA Today to bring crowdsourced suggestions for improvement to the attention of the news media's marketing team.

08/07/2013 – AOL Buys Adap.Tv For $405 Million

In addition to solid earnings, AOL is reporting this morning that it has acquired Adap.tv for $405 million.

08/05/2013 – WealthEngine Partners with Avectra

Avectra, a leading web-based Social CRM developer of member and donor-based software for associations and not-for-profits, today announced that WealthEngine, Inc., the leading provider of sophisticated wealth identification and prospect research solutions, has joined the Avectra Business Partner Program.

08/02/2013 – Horizon Tech Leads $6M Loan for Ekahau

Horizon Technology Finance Corporation (NASDAQ: HRZN), a specialty finance company today announced it led a $6 million venture loan facility for Ekahau, Inc.

08/02/2013 – Building a Cybersecurity Startup in Maryland

Zuly Gonzalez, Co-founder and COO of Light Point Security, shares the story behind Light Point Security and talks about what makes Maryland a hub for cybersecurity startups.

08/01/2013 – Pritok Capital Closes $7.2M from Oxford Finance

Oxford Finance LLC , a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced that it closed a $7.2 million senior secured term loan with Pritok Capital .

08/01/2013 – NEA-backed Rhythm Holding Raises $11 Million

Rhythm Holding Company LLC has secured $11 million from sale of shares to three investors, according to an SEC filing.

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