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News & Announcements

05/13/2014 – Wellington Financial Provides $5 Million Growth Capital to Agiliance

Wellington Financial LP, a privately-held specialty finance firm, today announced a $5 million expansion financing for Agiliance® , Inc.

05/08/2014 – Chevy Chase-Based NEA Leads $23.6 Million Round for Igneous Systems

New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, has led a new $23.6 million round of funding for Seattle-based data center infrastructure startup Igneous Systems, the company announced.

05/07/2014 – FireEye Buys in Virginia... Again

The DC region is a hub for cybersecurity expertise and one California company’s recent acquisitions show it's also a good place to shop.

05/07/2014 – AOL To Acquire Convertro

AOL Inc. (NYSE: AOL) today announced the continued strategic investment in its programmatic platforms by entering into an agreement to acquire Convertro Inc., a leading provider of multi-touch attribution modeling technology for brands and agencies.

05/07/2014 – Startup Rehabtics wins Towson University competition, gains entry to TowsonGlobal

Baltimore software startup Rehabtics LLC is the winner of Towson University’s annual business competition.

05/07/2014 – Biocept, Inc. Closes $10 Million Term Loan Facility With Oxford Finance LLC

Biocept, Inc., a molecular diagnostics company specializing in oncology biomarker detection and monitoring through circulating tumor cells (CTCs) and cell-free circulating tumor DNA, today announced that it has closed a loan facility of up to $10 million (the "facility") with Oxford Finance LLC ("Oxford").

05/07/2014 – Here are the 22 finalists for Maryland Incubator Company of the Year

The Maryland Business Incubation Association has announced 22 finalists for the Maryland Incubator Company of the Year Awards.

05/06/2014 – DC-Based Pinbooster Relaunching as Loop88

DC-based Pinbooster, the leading marketing platform for Pinterest, has announced today that it will be relaunching as loop88.

05/06/2014 – Loxo Oncology Closes a $24 Million Series B Financing and Expands Management Team

Loxo Oncology, Inc., a biopharmaceutical company focused on developing targeted cancer therapies for genetically-defined populations, announced today that it has closed a $24 million Series B private financing round led by New Enterprise Associates (NEA).

05/06/2014 – Bethesda-Based WealthEngine Raises $7 Million in Second Round

WealthEngine, a Bethesda-based provider of wealth identification and prospect research tools, said it has raised $7 million in its second round of funding, which came from previous backers Novak Biddle Venture Partners, as well as Streamlined Ventures, HKB Capital and individuals.

05/06/2014 – Harbert Sells Onward Behavioral Health to Clearview Portfolio Company

Harbert Private Equity Fund II, LLC (“HPEF II”) announced today that it has sold its portfolio company, Onward Behavioral Health, Inc. (“Onward”) to Pyramid Healthcare, Inc. (“Pyramid”), a portfolio company of Clearview Capital, LLC.

05/05/2014 – AnyPresence Named "Cool Vendor in PaaS, 2014" by Gartner

AnyPresence, a leading cloud-based, enterprise mobile development platform, today announced that it has been named a "Cool Vendor in PaaS, 2014” by Gartner Inc.

05/04/2014 – NEA-backed newBrandAnalytics Raises $5 Million

newBrandAnalytics Inc. has raised $5 million via sale of shares, warrants and preferred shares to six investors, according to an SEC filing.

05/02/2014 – Five MAVA Members in the E&Y Entrepreneur of the Year 2014 Finalists List

The EY Entrepreneur Of The Year 2014 finalists have a lot to celebrate. They've built their dream companies. Expanded. Innovated. And now EY is recognizing them for their achievements.

05/01/2014 – Kaltura Acquires Leading Pay OTT Technology Provider Tvinci

Upon heels of $47 million funding round, video platform Kaltura purchases Tvinci to create the world’s most comprehensive end-to-end Pay OTT TV offering

04/30/2014 – Square 1 Bank Provides $4.5MM Credit Facility to SpringCM

Square 1 Bank announced that it has provided a $4.5 million credit facility to SpringCM, the leader in Content Cloud Services.

04/30/2014 – LeadiD Raises $7M in Series A Funding Round

LeadiD, the first neutral, privacy-friendly, trusted arbiter of lead transactions, announced today that it has raised $7M in Series A funding from Comcast Ventures and Tribeca Venture Partners.

04/30/2014 – Foodem Partners with Restaurant Association Metropolitan Washington (RAMW)

Foodem, an innovative B2B online food procurement marketplace and business intelligence solution for the $650 billion U.S. wholesale food distribution industry, and the Restaurant Association Metropolitan Washington (RAMW), are pleased to announce the establishment of their new strategic partnership.

04/30/2014 – Geostellar Raises $1 Million Crowdfunding on Return on Change

Geostellar, a leading online solar rooftop marketplace, has closed a $1 million round of equity crowdfunding.

04/30/2014 – Industry Ventures and Square 1 Financial Form New Strategic Partnership

Square 1 Financial, Inc., the holding company for Square 1 Bank, and Industry Ventures LLC, a leading investment firm for venture capital, today announced a strategic partnership to more fully serve the venture community.

04/30/2014 – ZeroFOX Secures $11M in Series A Funding Led by NEA to Combat Social Cyber Attacks

ZeroFOX, The Social Risk Management Company™, today announced it has secured $10.7 million in Series A funding led by New Enterprise Associates (NEA).

04/29/2014 – Clarabridge Raises $6 Million to Fund Market Metrix Acquisition

Clarabridge Inc. has raised $6 million issue of share and debt from a single investor for its acquisition of Market Metrix, a California feedback management firm serving the leisure and hospitality industries.

04/29/2014 – Tidemark raises another $32M to build out its analytics push

Business intelligence SaaS player Tidemark scored $32 million in new funding from Silicon Valley Bank and previous backers Greylock Partners, Andreessen Horowitz, Redpoint Ventures and Tenaya Capital.

04/28/2014 – High Street Partners (HSP) Merges with Nair to Become Radius

High Street Partners (HSP) has merged with Nair & Co to create a global accounting and administration powerhouse that enables clients to manage their global operations.

04/27/2014 – Center for Innovative Technology fund is among region’s most active angel investors

The Center for Innovative Technology GAP Funds cemented its mantle as one of the region’s most active early-stage investment groups earlier this month when the number of companies in its portfolio surpassed 100.

04/25/2014 – Hercules Technology Growth, Alimera Sciences Close $35MM Debt Facility

Alimera Sciences, Inc., a biopharmaceutical company that specializes in the research, development and commercialization of prescription ophthalmic pharmaceuticals, announced today that its United Kingdom subsidiary, Alimera Sciences Limited (Limited), has entered into a Loan and Security Agreement with Hercules Technology Growth Capital, Inc. for a term loan in the principal amount of up to $35 million.

04/23/2014 – WorkForce Software Receives a Majority Investment From Insight Venture Partners

WorkForce Software, a leading provider of workforce management solutions, today announced that New York-based Insight Venture Partners has assumed a majority equity position in the company.

04/22/2014 – APX Labs raises $10M from NEA to push Google Glass, other wearables into the enterprise

Herndon-based APX Labs has raised $10 million from New Enterprise Associates to bring its software platform for Google Glass and other wearables to manufacturing, health care and other enterprise customers.

04/22/2014 – CIT GAP Funds Invests in Shark Tank Winner Zoobean

Coming on the heels of its hugely successful appearance on ABC's Shark Tank Friday night, Zoobean, an Arlington-based startup that creates personalized selections of children's apps, books and reading guides, has received an investment from the CIT GAP Funds, according to an announcement today by the Center for Innovative Technology (CIT).

04/22/2014 – Fitnet raises $1.4M for its instructional video fitness app

Instructional video fitness app maker Fitnet raised $1.4 million from Valleys’ Ventures and CIT Gap Funds for its fitness app, Fitnet.

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