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News & Announcements

01/28/2013 – Virginia Seed Fund CIT Down, Not Out

Virginia's economic development machine, the Center for Innovative Technology, has become a major early- and seed-stage investor. But with a smaller budget this year, will the investment pace continue?

01/28/2013 – New Platform from WealthEngine Mines Public Records to Target Wealthy Prospects

WealthEngine has introduced a new platform to help advisors target wealthy investors. The Bethesda, Md., company has launched FindWealth 8, a wealth intelligence platform that helps advisory firms locate and profile high-net-worth individuals.

01/28/2013 – Ernst & Young Opens Nominations for Washington Entrepreneur of the Year

Accounting and advisory firm Ernst & Young said it has opened nominations for its Greater Washington Entrepreneur of the Year awards.

01/25/2013 – gets $1.8M investment; CIT participated

Arlington-based cloud computing startup has received $1.8 million in venture capital funding, led by ff Venture Capital with CIT participation.

01/24/2013 – Chevy Chase-Based NEA Increases Investment in Leyden Energy

New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, said it has increased its investment in Leyden Energy, a Silicon Valley-based developer of advanced batteries for the mobile, consumer electronics and light electric vehicle markets.

01/24/2013 – Cloud application suite from Booker helps small companies book more business

As of last count, Booker is now processing about 1 million appointment requests for its customers on a monthly basis. It has grown beyond that into marketing and sales development functions.

01/23/2013 – newBrandAnalytics Delivers Social Intelligence To Customers’ Fingertips

newBrandAnalytics (nBA), the global leader in social intelligence, announces the latest release of nBA Insight, nBA Connect and nBA Advantage.

01/23/2013 – DC-Based Paladin Capital Group Invests in BuildingIQ

Paladin Capital Group, a DC-based private equity firm, said it has invested in San Francisco-based BuildingIQ, a developer of building energy management software, as part of the company's new $9 million round.

01/23/2013 – SocialToaster gets 50k signups in 24 hours with Shakira and UNICEF for child health campaign

A new UNICEF campaign is seeking donations for items like polio vaccines, rehydration salts and therapeutic food to ship to families (and their babies) across the world, and it’s enlisting the help of sincere-hips endorser Shakira and her boyfriend, Gerard Piqué, center-back for FC Barcelona. Oh, and Woodberry-based startup SocialToaster is in on the action.

01/22/2013 – High Street Partners Continues Global Expansion, Opens Munich Germany Office

High Street Partners, Inc. (HSP) announces the opening of its newest overseas office in Munich, Germany.

01/22/2013 – Three Orlando firms get $31M in venture capital investments; Pentaho Corp. receives funding from New Enterprise Associates

Software developer Pentaho Corp. received $23 million in October from Benchmark Capital, Duff Ackerman & Goodrich LLC, Index Ventures and New Enterprise Associates Inc.

01/21/2013 – Maryland venture capital plunges in fourth quarter

Despite the low numbers in Maryland and the nation, Julia Spicer, executive director of the Mid-Atlantic Venture Association in McLean, Va., said she is optimistic for the Greater Washington region.

01/18/2013 – Three Baltimore-area firms receive VC funding in 4Q; TEDCO invests in Vii Network

Columbia software company Vii Network received $40,000 during the quarter. The Maryland Technology Development Corp. (TEDCO) invested in the company.

01/18/2013 – DC-Based SnagFilms Raises $6 Million in New Funding; New Enterprise Associates participated

SnagFlims, the DC-based documentary and indie films site founded by Washington Capitals and Wizards owner Ted Leonsis, said it has raised $6 million in a new round of funding. Participants included previous backers Leonsis, New Enterprise Associates (NEA), Comcast and Terry Semel, as well new investor CNF Investments.

01/17/2013 – Blueprint Health reveals 11 startups in its third class; forMD selected

Blueprint Health, a mentor-focused health incubator that offers co-working space in New York City, has announced its Winter 2013 class of startups — its third; including forMD.

01/17/2013 – Sprint and Aegis Mobility Help Commercial Fleet Managers Address Distracted Driving

Sprint [NYSE: S] and Aegis Mobility have teamed to offer the FleetSafer(R) distracted driving application to help businesses, commercial fleet owners and operators focus on driving.

01/17/2013 – Chevy Chase-Based NEA Leads $3 Million Round for Curalate

New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, has led a new $3 million round of funding for Philadelphia-based Curalate, the developer of an analytics and marketing platform for social media site Pinterest.

01/16/2013 – WealthEngine Releases New Wealth Intelligence Platform to Enable Luxury Marketers to Precisely Target Customers & Prospects

WealthEngine™, Inc., the leading provider of sophisticated wealth identification and prospect research solutions, announced today the release of FindWealth 8, a powerful new wealth intelligence platform that allows luxury organizations to better understand their target audience and identify those affluent and high net worth (HNW) individuals who are most likely to become top customers.

01/16/2013 – Retail software startup Optoro raises $7.5 million from Grotech, others

Lanham-based retail software startup Optoro Inc. has raised $7.5 million in a Series A round led by Grotech Ventures, the company announced Wednesday.

01/16/2013 – Jones Lang LaSalle recruits CBRE's Bill Prutting

Jones Lang LaSalle Inc. has recruited longtime CBRE Group Inc. investment sales broker Bill Prutting in yet another reshuffling of the deck for D.C.’s real estate community.

01/16/2013 – New Enterprise Associates tops list of most active VCs

Bicoastal venture titan New Enterprise Associates ranked as the most active VC firm in the country last year, according to investment research firm CB Insights.

01/15/2013 – How Startups Can Avoid The Series A Crunch: Profile of Speek

At Speek, which provides super-simple conference calling solutions with a visual interface, we originally went to market with a convertible note for $750,000. We decided to take a more prudent course of action--one that would allow us to both aggressively play offense and sustain us through a potentially prolonged Series A capital raise--and raise a larger seed round.

01/15/2013 – Scoutmob’s Shoppe ‘Experiment’ Is a Home Run, Accounts for 30-40% of Revenue

Scoutmob co-founder and head of product Michael Tavani is also sharing that his company’s e-commerce product, Shoppe, has been doing well – so well, in fact, that it now accounts for 30-40 percent of the company’s gross revenues.

01/14/2013 – Fairfax County Economic Development Authority (FCEDA) has selected MKW to run its Munich, Germany marketing office

The Fairfax County Economic Development Authority (FCEDA) said on Monday it has selected MKW to run its Munich, Germany marketing office, working with European companies considering expansion to the U.S.

01/11/2013 – New Enterprise Associates partner seeks 'quirky entrepreneurs'

Dayna Grayson set up a concession stand and sold hot chocolate, candy bars and other snacks at her brother’s soccer matches as a South Carolina middle schooler. In college at the University of Virginia, she opened her own house painting business to earn money.

01/10/2013 – Silver Spring-Based Sonatype Names New CSO and COO

Sonatype, a Silver Spring-based provider of technology and information services for agile software developers, on Thursday announced two key executive hires.

01/10/2013 – Aegis Mobility Receives 2013 Mobility Award for Preventing Distracted Driving

Aegis Mobility, the leading provider of software to promote safe and legal use of mobile devices while driving, announced that it has been awarded a 2013 Mobility Award for best software to prevent distracted driving.

01/10/2013 – Goodzer Releases API for more than 2.5 Billion Products from over 500,000 Store Locations

Goodzer (, the best source of product data from all kinds of local stores anywhere in the country, today announced that it will open its application programming interface (API) to third-party developers.

01/09/2013 – Scoutmob to launch location-based deal notification

Scoutmob, an Atlanta-based deal site, will deliver its location-based deals via Field Trip, a mobile app available on Android devices.

01/09/2013 – Sawbuck Realty App Aims to Satisfy Real-Estate Lust

HomeSnap, a free iPhone app created by Washington, D.C.-based online broker Sawbuck Realty, is aiming to satisfy your real-estate lust.

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