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News & Announcements

02/06/2014 – Reston-Based Canvas Raises First $1.8 Million of Planned Funding Round

Canvas, the Reston-based developer of a mobile app platform designed to help businesses replace paper forms, has raised $1.8 million in new funding, according to a filing with the Securities and Exchange Commission (SEC).

02/06/2014 – Allovue Nets $800K from Investors, Including TEDCO

Allovue LLC, a Baltimore-based education technology company, celebrated its first birthday and announced the closing of an $800k seed investment round.

02/05/2014 – ‘Millennial Media has its best days ahead’: former CEO Paul Palmieri

Millennial cofounder Paul Palmeiri stepped down as CEO in late January. He spoke with Technical.ly Baltimore about his predictions for the company's future and his new position at New Enterprise Associates.

02/05/2014 – Here's Why AOL Will Thrive In Its Reinvention As A Digital Media Company

AOL Inc. (AOL) is set to report FQ4 2013 earnings before the market opens on Thursday, February 6th.

02/05/2014 – Allovue Raises $800K to Help Schools Manage Resources

$800K to Baltimore, MD-based Allovue in a seed round from the Maryland Technology Center (TEDCO), Baltimore Angels and Shulman Ventures. Founded exactly one year ago by former Baltimore City teacher Jess Gartner, Allovue's flagship product, Balance, that helps district officials and administrators track and analyze the impact of school spending on educational outcomes.

02/04/2014 – Square 1 Extends $4M Credit Line to California Software Firm

Square 1 Bank, a commercial investment institution based in Durham, has extended a $4 million credit facility to a California-based digital publishing software business.

02/04/2014 – Julie Bowen Appointed MITRE Vice President and General Counsel

The MITRE Corporation has appointed Julie Bowen vice president, general counsel, and corporate secretary.

02/04/2014 – AtTask Garners $38 million Funding Round

Cloud-based enterprise work management solutions company AtTask has become the latest investment target of JMI Equity, the venture capital firm that's been behind IPO success stories such as ServiceNow (NOW_) and Eloqua, now an Oracle (ORCL_) company.

02/04/2014 – TrackMaven Raises $6.5M Series A Led by NEA

TrackMaven, the Competitive Intelligence Platform for Enterprise Marketers, has closed a $6.5 million round led by New Enterprise Associates with participation from existing investors including Bowery Capital and Acceleprise Ventures.

02/04/2014 – Paladin Capital-backed Newlans Raises $12.5 Million

Newlans Inc. has raised $12.5 million, or nearly two-thirds of a $20 million equity offering, from 14 investors, according to an SEC filing.

02/04/2014 – New Enterprise Associates Co-leads $14M Series A For Lumos Pharma

Lumos Pharma, an early stage biopharmaceutical development company, announced that it has raised $14 million in Series A financing.

02/04/2014 – Square 1 Bank Provides $4M Loan To GTxcel

Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, announced that it has provided a $4 million credit facility to GTxcel, Inc., a leader in digital publishing solutions.

02/03/2014 – TEDCO supports $565.9 million, 2,835 jobs in Maryland

The Maryland Technology Development Corporation, known as TEDCO, is significantly impacting the State’s economic landscape.

01/31/2014 – New Dominion Angels Says Members Invested $1M in 2013, Including Pinbooster and Aquicore

New Dominion Angels (NDA), a group of accredited angel investors focused on early-stage tech companies in Virginia, said that members invested $1 million in 2013.

01/31/2014 – Get to know ‘new order’ of financing

Companies in the region reeled in $1.54 billion in venture capital funding in 2013, the highest amount since 2001. As executive director of the Mid-Atlantic Venture Association, Julia Spicer can claim some credit for that flashy figure.

01/30/2014 – Innography Finds $3.5M In Funding

Austin-based Innography, which develops software aimed at intellectual property (IP) management and patent efforts, said it has raised out $3.5M in a funding round for the company.

01/29/2014 – CIT's MACH37 Accelerator Doubles Initial Funding to $50,000 Per Company

MACH37, the Virginia Center for Innovative Technology's cybersecurity accelerator, announced Tuesday that it has doubled the amount of funding participating companies will receive.

01/28/2014 – Hellman & Friedman acquires Applied Systems for $1.8bn

Hellman & Friedman has completed the acquisition of Applied Systems, a software provider that powers the business of insurance, from Bain Capital in a $1.8bn transaction.

01/28/2014 – Codero Hosting Receives $8 Million in Financing from Silicon Valley Bank and Farnam Street Financial

Codero Hosting, a leading provider of dedicated, managed, cloud and hybrid hosting services, today announced that it received $8 million in financing from Silicon Valley Bank (SVB) and Farnam Street Financial.

01/27/2014 – Paul Palmieri Joins NEA As Venture Advisor

New Enterprise Associates, Inc. (NEA), a leading global venture capital firm, today announced the appointment of Paul Palmieri as Venture Advisor.

01/27/2014 – Cooley Advises CHC Group on Its $310 Million Initial Public Offering and Refinancing Transactions

Cooley LLP announced today that it advised CHC Group Ltd. on its $310 million initial public offering.

01/27/2014 – LiveOps Raises $30 Million to Accelerate Global Expansion

LiveOps, Inc. , the global leader in cloud contact center and customer service solutions, announced today it has closed a $30 million round of debt funding from Comerica Bank.

01/27/2014 – Scoutmob raising up to $10M; turns to AngelList

Atlanta deal site Scoutmob is raising up to $10 million. And it's turned to buzzy online investor network AngelList for some of it.

01/24/2014 – CrowdOptic Raises Funding from Silicon Valley Bank to Bring Live Google Glass Broadcasting to Sporting Arenas, Commencing With The Sacramento Kings

CrowdOptic, a maker of crowd-powered mobile and wearable applications as seen at popular sporting events, today announced it has received funding to ramp up sales and marketing of its software, which curates and broadcasts live streaming video from Google Glass and other smart devices to stadium scoreboards, fan mobile devices and live TV.

01/24/2014 – Baltimore's ed-tech boom may just be getting started

Baltimore is going to become a larger hub for education technology companies as students turn more to online courses and school systems look to mine reams of data to better measure student outcomes.

01/23/2014 – Silicon Valley Bank Provides $18MM Credit Facility to GSV Capital

GSV Capital Corp. announced that it has entered into a new $18 million senior secured credit facility with Silicon Valley Bank.

01/23/2014 – MAVA Corporate Technology Member AOL to Acquire Content Personalization Company Gravity

AOL said on Thursday it will pay $90.7 million to acquire Gravity, a California-based developer of "interest graphs" that let publishers personalize content based on individuals' interests, preferences and habits.

01/22/2014 – Chevy Chase-Based NEA Takes Part in Kensho's $10 Million Round

New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, has invested in New York-based Kensho, developer of a cloud-based system capable of answering complex financial and market research questions posed in natural language.

01/22/2014 – With a Fresh $1M, Can Venga Help Restaurants Give Patrons a Personalized Experience?

Venga recently closed a $1 Million Series A round from VCs and Restaurateurs led by Militello Capital and including Think Food Group (Jose Andre’s restaurant group) and Big Red Ventures (Cornell University’s venture fund), among others.

01/21/2014 – Acentia and AnyPresence Partner to Drive Federal Government Mobile Innovation

Acentia, a premier provider of technology and management solutions to public sector healthcare and Federal Government civilian customers, today announced a partnership with AnyPresence, a leading enterprise mobile development platform.

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