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News & Announcements

05/29/2014 – Wellington Financial Provides $11 Million Growth Capital to Web Marketing Optimization Company

Wellington Financial LP, a privately-held specialty finance firm, today announced a US$11 million unitranche debt financing to a US-based, venture capital-backed company specializing in web marketing optimization.

05/29/2014 – Ostrato Nominated for Northern Virginia Technology Council 2014 Hot Ticket Award

Ostrato, developer of the scalable and easy-to-use cloudSM cloud management platform, is pleased to announce that Northern Virginia Technology Council (NVTC) has named Ostrato a 2014 nominee for a prestigious Hot Ticket Award.

05/28/2014 – Evoke Pharma Secures $4.5 Million Loan Facility With Square 1 Bank

Evoke Pharma, Inc., a specialty pharmaceutical company focused on treatments for gastrointestinal (GI) diseases, today announced that it has secured a $4.5 million term loan agreement with Square 1 Bank.

05/28/2014 – Epidarex unveils £50m venture capital fund for UK life sciences

Investors keen to capitalise on British science have poured nearly £50m into a new venture capital fund.

05/28/2014 – Fyusion Raises $3.4M to Help People, Robots Make Use of 3-D Images

Fyusion Inc. raised $3.35 million in Series A funding to develop advanced, 3-D image-processing technologies and to promote Fyu.se, a 3-D photo-sharing app now available for users of iOS mobile devices.

05/28/2014 – Distil Networks’ $10M Funding Round Valued The Bot Detection Company At Around $30M

Bot detection startup Distil Networks announced today that it has raised a $10 million Series A. A source with knowledge of the deal says the round valued Distil at about $30 million.

05/27/2014 – Paladin Capital Group Joins $26M Series B For Twist Bioscience

Twist Bioscience announced that it raised $26 million in a Series B financing to commercialize the company’s semiconductor-based synthetic gene manufacturing process.

05/27/2014 – Bit Stew Systems secures $3.5 million in additional funding from Silicon Valley Bank

Bit Stew Systems Inc., a world-leading provider of integrated, real-time network operations for the utility industry, announces the successful closing of a $3.5 million credit facility with Silicon Valley Bank (SVB).

05/27/2014 – Acquia Completes $50 Million Financing Round

Acquia has closed a $50 million financing round, bringing total investment in the company to $118.6 million.

05/27/2014 – CNF Investments-backed Speek Raises $2.6 Million

Speek Inc. has closed a $2.6 million equity offering, raising the amount from 40 investors, according to an amended SEC filing.

05/22/2014 – Comerica Bank-backed WealthEngine Raises $5.1 Million

According to an SEC filing, WealthEngine Inc. has raised $5.1 million from nine investors via issue of Series B preferred shares and convertible shares.

05/22/2014 – ID.me makes Entrepreneur Magazine's '100 Brilliant Companies' list

McLean-based ID.me, a company that makes digital identification cards to verify eligibility for military, student or first-responder discounts, was named to Entrepreneur Magazine's 2014 list of "100 Brilliant Companies."

05/21/2014 – Mimosa Secures $20 Million in New Funding Led by NEA

Mimosa Networks, Inc ., a pioneer in last mile gigabit wireless technology, announced today a $20 million investment in Series C funding led by returning investor New Enterprise Associates (NEA).

05/21/2014 – River Cities Capital Funds launches fifth fund for healthcare and IT startups

River Cities Capital Funds, a growth equity firm investing in high-potential healthcare and IT companies, is pleased to announce the final closing of its fifth fund. Fund V has reached a $200 million hard cap.

05/20/2014 – Cyber Squared Inc. Announces Launch of ThreatConnect European Community

Cyber Squared Inc. announced today that ThreatConnect, the leading threat intelligence platform, has launched a European Community of Interest.

05/14/2014 – Nonprofit Organizations Raised $9.4 Million in Q1 through Salsa Labs' Online Charitable Giving Platform

In the first quarter of 2014, Salsa Labs, Inc.(Salsa) nonprofit clients raised $9,471,492 through Salsa's platform that helps nonprofits grow, engage and retain their base of online support.

05/14/2014 – Ceterix Completes $18MM Financing With SVB, Oxford Finance, Others

Ceterix Orthopaedics, Inc., a developer of novel surgical tools for arthroscopic procedures, announced that the company has closed $18 million in new financing.

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.

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