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News & Announcements

04/19/2013 – District ranked No. 1 for AngelList startups per capita

D.C. ranks No. 1 for startups per million residents, according to a list from Fast Company.

04/19/2013 – NEA-Backed Epizyme Files to Raise Up to $69 Million in IPO

Epizyme, a Massachusetts-based biopharmaceutical firm backed by Chevy Chase-based New Enterprise Associates (NEA), has filed with the Securities and Exchange Commission (SEC) to raise up to $69 million in its initial public offering.

04/18/2013 – Cambridge-based MC10 Raises $18 Million in Venture Capital, Osage participated

MC10, a Cambridge-based developer of “conformable” electronics that stretch, bend and twist, has raised $18 million in its third round of venture capital, the company announced on Thursday.

04/18/2013 – Vienna-Based Grotech Co-Leads Funding Round for Zonoff

A pair of Vienna-based venture capital firms, Valhalla Partners and Grotech Ventures, have co-led a new $3.8 million round of funding for Pennsylvania-based Zonoff, developer of a connected home software platform.

04/18/2013 – Chevy Chase-Based New Enterprise Associates Invests in Kaazing

New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, said on Thursday it has invested in Kaazing, the Silicon Valley developer of a web and mobile communication platform for the delivery of live data, as part of that company's new $15 million round.

04/17/2013 – newBrandAnalytics Expert to Discuss Social Media Trends and Challenges at the Mid-Atlantic Marketing Summit, April 19 in McLean, VA

newBrandAnalytics (nBA), the social intelligence leader for hospitality, retail, food and beverage, and government organizations, announced today that it has been selected to participate in a discussion on the current and future landscape of social media at the Mid-Atlantic Marketing Summit April 19 in McLean, Va.

04/17/2013 – Eyeing China deals, NEA names managing director for Asia

Venture capital firm New Enterprise Associates has named Carmen Chang as partner and managing director for its Asia operation, part of an expanded push into the continent focused initially on China.

04/17/2013 – 'Orphan drugs' in search of a home: NEA funds accelerator to fight rare diseases

Venture giant New Enterprise Associates is taking the accelerator concept in a new direction.

04/17/2013 – WeddingWire Announces Brand Partnerships for New York International Bridal Week 2013

WeddingWire®, the nation's leading wedding technology company and proud partner of New York International Bridal Week 2013, has finalized its additional brand and service provider partnerships for the highly-anticipated luxury bridal fashion show beginning this weekend.

04/17/2013 – Report: Angel Investments Remain Steady in '12; Though Industries Shift

While angel investment activity remained relatively stable last year, there was a marked shift in industries receiving the funding, according to a new report from the Angel Resource Institute, Silicon Valley Bank and CB Insights.

04/16/2013 – Winners Named in Inaugural InvestMaryland Challenge

Three Maryland-based companies have claimed the top prizes in the inaugural InvestMaryland Challenge, a national seed- and early-stage business competition.

04/16/2013 – MyCanvas Allows Homeowners To Access Their Personal Service Data History In The Cloud

Canvas is a portal for mobile business applications, used primarily by small businesses and contractors to replace their paper forms with smartphones apps. Today Canvas is announcing MyCanvas, a cloud service for their subscribers that allows anyone to access their personal service data history in the cloud.

04/16/2013 – Aegis Mobility Survey Finds Companies Remain Concerned about Employee Use of Mobile Devices While Driving

Employers continue to be concerned about the risk and liability posed by employee use of mobile devices while driving on the job. Seven in ten companies have adopted written policies designed to curb employee distracted driving, but only 32% are confident that current enforcement methods are effective at achieving compliance.

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.

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