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Check back regularly for news, coverage, and announcements about MAVA.

  

News & Announcements

03/03/2014 – Speek Raises $5.1M In Series A

Speek, the fastest and easiest way to do conference calls, has raised a Series A round of funding.

03/03/2014 – SameGrain Closes First Round of Funding $800,000 Raised for Social Discovery Platform

SameGrain, Inc., an award winning “privacy first” social discovery start-up, announced today that it has secured $800,000 in seed funding.

03/03/2014 – Indomina Media Closes $26MM Facility With Comerica Bank

The loan will finance Indomina's upcoming slate of motion pictures, filmed mostly at Pinewood Indomina Studios in the Dominican Republic.

02/25/2014 – Monster Buys NEA-backed TalentBin and Gozaik

Monster Worldwide, Inc. announced the acquisition of TalentBin, Inc., a social profile talent search engine, and Gozaik LLC, a developer of social jobs aggregation and distribution technology.

02/25/2014 – IBM To Buy In-Q-Tel-backed Cloudant

IBM today announced a definitive agreement to acquire Boston, MA-based Cloudant, Inc., a privately held database-as-a-service (DBaaS) provider that enables developers to easily and quickly create next generation mobile and web apps.

02/24/2014 – RedOwl Analytics named "Most Innovative Company" at Innovation Sandbox

RedOwl Analytics – a Baltimore software company whose cloud-based product, Reveal, provides solutions for entities to analyze digital communications data – was named “Most Innovative Company” at the RSA Conference 2014 Innovation Sandbox event.

02/21/2014 – OddLot Entertainment Signs $50MM Credit Facility With J.P. Morgan, Comerica

OddLot Entertainment has closed a $50 million revolving credit facility with J.P. Morgan and Comerica as co-lead arrangers which may be increased to $150 million.

02/19/2014 – CIT GAP Funds Invests in Encore

The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds invested in Encore, a Rosslyn-based company that provides proactive social alerts to marketers.

02/18/2014 – Epidarex Capital Invests in Cancer Drug Developer Confluence Life Sciences Inc.

Epidarex Capital, a leading international early-stage life science venture capital fund, has invested in Confluence Life Sciences Inc., a biotechnology company focused on the rapid discovery and development of drugs to address unmet needs in cancer and chronic inflammatory disease.

02/18/2014 – Intacct Raises $45M to Grow Cloud-Based Accounting Software

Accounting software company Intaact has raised $45 million in new venture and debt funding to help it grow its cloud-based software business.

02/17/2014 – 14 Semifinalists to Compete in Cupid's Cup Business Plan Competition Held by Dingman Center for Entrepreneurship

Fourteen student startups have been selected from nearly 150 nationwide entries to advance to the semifinals of the 2014 Cupid's Cup Business Competition, a national business competition held by the Dingman Center for Entrepreneurship at the University of Maryland's School of Business.

02/14/2014 – Silicon Valley Bank and MasterCard Introduce a Commerce Accelerator Program for Startups

Silicon Valley Bank , financial partner to the global innovation economy, and MasterCard introduce Commerce.Innovated.™, a customized commerce accelerator program that will help a select group of commerce focused startups access operational and technology expertise to effectively advance their go-to-market commerce platforms.

02/13/2014 – Edtech Startup Abandons the Big Apple for a Brighter Future in Baltimore

Following in Citelighter's footsteps, edtech startup Three Ring has announced plans to move its headquarters from New York to Baltimore.

02/12/2014 – Welltok raises $22.1 million Series C funding round led by NEA

Denver-based “Social Health Management” company Welltok has raised $22.1 million in a Series C round led by New Enterprise Associates.

02/11/2014 – Kaltura Raises $47 Million on the Heels of Massive Growth

Hundreds of millions of users have already enjoyed Kaltura-powered video experiences at home, at school and at work.

02/11/2014 – Falls Church-Based Acentia Acquires Business Computer Applications

Acentia, a Falls Church-based provider of technology and management services, said on Monday it has acquired Atlanta-based Business Computer Applications (BCA), a provider of IT services to heath agencies such as the Centers for Disease Control and Prevention.

02/07/2014 – Epidarex Capital leads new investment in Edinburgh Molecular Imaging

Epidarex Capital, a leading international early-stage life science venture capital fund, has announced a £4 million Series A investment, in Edinburgh Molecular Imaging (EMI).

02/06/2014 – Blu Venture Investors Joins $1.525 Seed Round For Citelighter

Citelighter, the company whose platform helps students more effectively complete research and writing assignments, has announced that it has raised $1.525 million in a Series Seed round of funding.

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.

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