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News & Announcements

12/09/2013 – 'Kayak-for-cars' startup wins $15k, moves to Ballston, rebrands as Carsquare

Car-search startup iGrabberAutos is changing its name to Carsquare and moving its headquarters to Arlington after winning a pitch competition judged by Aneesh Chopra, Ted Leonsis and others.

12/09/2013 – Edison Ventures Sees Good Exit as Publicis Groupe SA acquires Verilogue Inc.

Publicis Groupe SA: Says it has acquired Verilogue Inc., a healthcare analytics firm specializing in physician-patient communication based in the U.S.Says Verilogue will become part of Publicis Healthcare Communications Group (PHCG), a healthcare communications network.

12/06/2013 – Hybrid Bikes Charge Into D.C.

Recent graduate Jeff Stefanis (MSB ’13) is revolutionizing the way Washington residents get around their city by introducing Riide, a company that that will sell moderately priced electric bikes that double as bicycles.

12/06/2013 – CIT Invests in Alexandria-Based Power Supply

The Herndon-based Center for Innovative Technology (CIT) said it has invested an unspecified amount in Alexandria-based Power Supply, developer of an online network of local chefs that busy professionals can access for on-the-go meals.

12/05/2013 – BuilDatAnalytics and Carsquare Win Big at Ballston LaunchPad Finale

The audience at the Ballston LaunchPad Challenge Finale was astonished to hear that two startups had been chosen as winners: BuilDatAnalytics and Carsquare.

12/05/2013 – Baltimore tech startup An Estuary LLC gets $100,000 Md. TEDCO investment

A Baltimore startup said Thursday that it received a $100,000 investment from the Maryland Technology Development Corp.

12/04/2013 – NEA Leads $1.8M Seed Round For MOVE Guides

MOVE Guides announced today that it has closed a $1.8 million seed funding round from Notion Capital and NEA, bringing its total funding to $2.4 million.

12/04/2013 – Industry Ventures Closes $425M Secondary Fund

Industry Ventures LLC, a investment firm for venture capital, announced the closing of Industry Ventures Secondary VII, a $425 million secondary fund focused on providing liquidity alternatives for venture capital investments.

12/03/2013 – Millennial Media Raises $175M in Equity Financing

Millennial Media, based in Canton, has raised a little more than $175 million in equity, according to SEC filings.

12/03/2013 – JMI Equity Promotes Brian Hersman to GP

JMI Equity, a growth equity firm focused on investing in leading software and technology-enabled services companies, announced the promotion of Brian Hersman to General Partner.

12/03/2013 – Square 1 Bank Announces $4.5 Million Credit Facility to Sittercity

Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, today announced that it has provided a $4.5 million credit facility to Sittercity, the largest and most trusted online source for in-home care.

12/03/2013 – Canvas Wins Bronze in Best in Biz Awards 2013

Canvas, the global leader in mobile apps for businesses, today announced it has been named a bronze winner in the Most Socially or Environmentally Responsible Company of the Year category in Best in Biz Awards, the only independent business awards program judged by members of the press and industry analysts.

12/03/2013 – AnyPresence and MasterCard to Co-Present at APPNATION Conference

AnyPresence, a leading enterprise mobile development platform, today announced it will be co-exhibiting and speaking with MasterCard at APPNATION, the leading executive conference and exposition focused on the burgeoning consumer applications economy.

12/02/2013 – Geostellar Makes Going Solar as Easy as Booking Travel

Geostellar, a startup backed by power producer NRG Energy Inc, is seeking to become the Expedia or Orbitz of the solar industry -- a one-stop shop where consumers can not only compare the benefits of leasing solar panels versus buying them outright, but ultimately sign up to install a system.

11/29/2013 – DLA Piper Represents ACTIVE Network in $1.05 Billion Private Equity Deal

DLA Piper represented ACTIVE Network, a San Diego-based software company, in its $1.05 billion acquisition by Vista Equity Partners, the largest Internet leveraged buyout in 2013.

11/27/2013 – Square 1 Bank Provides $7.5M Loan to Talari Network

Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, announced it has provided a $7.5 million growth capital facility to San Jose-based Talari Networks.

11/27/2013 – JMI Equity Joins Hellman & Friedman Buyout of Applied Systems

Hellman & Friedman has inked an agreement to buy Applied Systems from Bain Capital for approximately $1.8 billion. JMI Equity will also be investing alongside H&F. Ropes & Gray advised Bain Capital in the sale.

11/26/2013 – Introhive Among Dreamforce 2013: "Three Startups to Watch"

Salesforce.com's annual conference brought together many great startups among the 135,000 registrants. Invoca, Introhive, and Addvocate are among the best of these startups.

11/25/2013 – Fairfax County EDA Works With 29 Businesses Adding More Than 600 Jobs

During the third quarter of 2013, the Fairfax County Economic Development Authority (FCEDA) provided services and resources to 29 businesses that are adding more than 600 jobs in Fairfax County.

11/25/2013 – Lanham-Based Optoro Lands New Investment from SWaN & Legend

Optoro, the Lanham-based developer of an e-commerce platform designed to help big-box retailers increase revenue from returned and excess inventory, said on Monday it has landed a new investment from Leesburg-based SWaN & Legend Venture Partners.

11/25/2013 – Center for Innovative Technology Invests in Arlington-Based LiveSafe

The Herndon-based Center for Innovative Technology (CIT) said on Monday it has invested an unspecified amount in Arlington-based LiveSafe, the developer of a mobile safety app designed to establish two-way communication between users and authorities.

11/24/2013 – Baltimore Ranked No. 10 for Tech Jobs

Austin-Round Rock-San Marcos, TX, not the Bay Area, is the No. 1 metropolitan area when it comes to creating tech jobs, Forbes reported citing research from Praxis Strategy Group.

11/24/2013 – Geostellar Partners with Conergy of Denver to Drive Down Solar Costs

Martinsburg-based Geostellar has formed a partnership with Conergy of Denver to create "the first national program for qualified local solar installers," according to a news release.

11/21/2013 – NEA-backed Boku Acquires Qubecell

Boku, Inc., the global leader in carrier billing and cross-platform mobile payments, announced the acquisition of India’s leader in direct carrier billing, Qubecell.

11/20/2013 – Veenome Raises $1 Million

Veenome Inc. has raised $1 million from new and existing investors, besides releasing a new product to help monitor effectiveness of online video ads, a report said.

11/20/2013 – NEA Joins $16M Series C For Apprenda

Apprenda, the leader in enterprise Platform as-a-Service (PaaS), announced a $16 million Series C financing round led by Safeguard Scientifics, Inc. (NYSE:SFE) with participation from existing investors Ignition Partners and New Enterprise Associates.

11/20/2013 – New Enterprise Associates Joins $40M Round For Lytro

Lytro, Inc., creator of the world’s first consumer light field camera, announced that it has raised a $40 million round of financing from new investor North Bridge Venture Partners along with existing investors.

11/20/2013 – Riskive Rebrands Itself as ZeroFOX

Riskive, the Baltimore-based advanced computer security firm, has renamed itself as ZeroFOX in a rebranding exercise.

11/15/2013 – LLR Partners Adds Former CIA Chief Technology Officer Ira A. Hunt as Operating Partner

Private equity firm LLR Partners has brought on Ira A. (Gus) Hunt, former Chief Technology Officer of the Central Intelligence Agency (CIA), as an operating partner.

11/14/2013 – Fairfax-Based DataRPM Lands $800,000 in Funding, CIT Among Investors

DataRPM, the Fairfax-based developer of a business intelligence platform for big data analysis, said on Thursday it has raised $800,000 from 20K Industries, CIT GAP Funds and other angel investors.

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