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News & Announcements

09/13/2012 – CIT GAP Funds Invests in Speek Inc.

The Center for Innovative Technology (CIT) today announces a $100,000 investment in Sterling, Va.-based Speek Inc., a simple and groundbreaking alternative to conference calls for both web and mobile users.

09/12/2012 – New Enterprise Associates Portfolio Co. Aerohive Networks Announces 2013 IPO

Enterprise networking startup Aerohive Networks has raised $22.5 million in its fifth round of funding — cash that should help it gear up to go public in 2013, writes VentureBeat.

09/12/2012 – Square 1 Bank and Farmington-based Horizon Technology Make $7M Venture Loan to Mitralign

Horizon Technology Finance Corp., a Farmington-based specialty finance company, announced it and Square 1 Bank together have provided a $7 million venture loan facility to Mitralign, a Tewksbury-based cardiac device company specializing in percutaneous mitral valve repair.

09/11/2012 – New Atlantic Ventures Joins $5 Million Series B For FashionPlaytes

FashionPlaytes (, the retail industry’s first engagement-driven e-commerce company to target the tween consumers, announced its $5 million Series B financing.

09/10/2012 – Overhyped Startup Scene? Novak Biddle Targeting Less than $150M for Sixth Fund

Novak Biddle Venture Partners is looking to raise less than $150 million for its sixth fund, an amount less than two thirds the size of its prior fund, according to VentureWire.

09/10/2012 – TEDCO Invests More Than $1.1 Million in 16 Maryland Startups

In its continued effort to spur economic development and bring concepts from the laboratory to the marketplace, The Maryland Technology Development Corporation (TEDCO) announced today that 16 companies have received a total of $1,170,885 in funding from the organization.

09/07/2012 – Urjanet Secures Series B Funding Led by Grotech Ventures to Deliver Intelligent Energy and Environmental Data

Urjanet Inc. today announced that it has received $4M in Series B venture financing led by new investor Grotech Ventures, along with existing investors GRA Venture Fund, LLC and Imlay Investments Inc.

09/07/2012 – Wellington Financial closes $177M fund with Canadian VC fundraising on a roll

Adding to what is shaping up be a banner year for Canadian venture capital fundraising, Toronto-based Wellington Financial LP announced the first closing of a $177-million fund this week.

09/06/2012 – Secures $10.5 Million Series A Funding to Fuel Growing Stock Video and Music Business, the first subscription-based provider of unlimited royalty-free stock video and audio clips, today announced that it has closed a $10.5 million Series A investment led by Updata Partners with participation from QED Investors.

09/06/2012 – GramercyOne Grabs $6 Million Venture Capital Equity

Software developer GramercyOne has landed $6 million in new venture capital investment, according to an SEC regulatory filing.

09/05/2012 – MedClimate among Finalists Named for AARP Health Innovation@50+ LivePitch

The DC-based AARP and LivePitch Media on Wednesday announced the 10 start-up finalists for their AARP Health Innovation@50+ LivePitch, a competition designed to showcase start-ups in the "50 and over" health technology and innovation sector.

09/05/2012 – New Enterprise Associates Joins $80M Round For Desire2Learn

Desire2Learn Inc., a Canadian technology firm, said on Tuesday it has secured $80 million in venture funding that will be used to help strengthen its infrastructure and boost its growth prospects. The privately held company, a leading developer of online learning systems, is based in Ontario’s Kitchener-Waterloo area, just minutes away from the home of BlackBerry maker Research In Motion.

09/05/2012 – H.I.G. BioVentures Joins $15.5 Million Series A For Intact Vascular

Intact Vascular, Inc., a developer of medical devices for minimally invasive peripheral vascular procedures, announced the completion of a $15.5 MM Series A financing

09/05/2012 – NeuWave Medical, Inc. Announces $14 Million Financing Led by H.I.G. BioVentures to Further Commercial Success of Microwave-Based Ablation Tools

Medical device company, NeuWave Medical, announced today that it has raised a $14 million Series B financing, led by new investor H.I.G. BioVentures, with participation from existing shareholders, including Venture Investors, WARF and the State of Wisconsin Investment Board.

09/05/2012 – Third Set of Pilot Agency Grades powered by newBrandAnalytics Show Progress

Mayor Vincent C. Gray has released the third set of monthly grades – covering the entirety of August – from the pilot program, an advanced customer-service platform designed to provide the best possible feedback on, and analysis of, service delivery and customer care by District government agencies.

09/04/2012 – Kinergy Health Semi-Finalist in Blue Button Challenge

Kinergy Health was selected as a semi-finalist in the Advisory Board Company's Patient Engagement Blue Button® Challenge.

09/04/2012 – CIT GAP Funds Invests in YaSabe, Inc.

The Center for Innovative Technology today announced a $100,000 investment in YaSabe, Inc. of Herndon, VA, as part of a larger round of financing for the company.

08/30/2012 – We Speak With Washington DC 500 Startups, Startup: Speek

While a lot of people are talking about TechCrunch Disrupt NY Battlefield winner UberConference when it comes to conference calling startups, another conference calling startup has been brewing in the Washington DC area. We first got to check out Speek back in May at the Capital Connection and TechBuzz conference in Washington DC.

08/29/2012 – Kinergy Health Eases Challenges of Eldercare

The emotional, psychological, and physical stress associated with caring for an aging, sick parent is draining, frustrating, and leaves one feeling helpless when navigating the seemingly endless bureaucracy within the American healthcare system.

08/29/2012 – August Member of the Month: High Street Partners

Our member for the month of August is High Street Partners, a company that offers international business software and services.

08/29/2012 – MAVA Executive Director Recruited by State Department as Mentor in Croatia

The Executive Director of the Mid-Atlantic Venture Association (MAVA) is mentoring young business leaders in the Republic of Croatia at the request of the U.S. State Department. As a mentor, Julia Spicer is working with 25 young entrepreneurs who were selected based on their start up business ideas as participants in the Startup Camp program.

08/29/2012 – Columbia Capital Joins $40M Financing for NuvoTV

NuvoTV, an English-language cable network for bi-cultural Latinos in the U.S., has sealed $40 million in new financing to expand its original programming.

08/27/2012 – New Enteprise Associates Leads Series B in Aerospike

Aerospike said it raised a Series B round of funding led by New Enterprise Associates and joined by existing investors Draper Associates and Alsop Louie Partners

08/26/2012 – Canvas selects nonprofits to get its app for free

Who: James Quigley. Company: Canvas, a Reston-based service that allows users to create Web applications for data collection.

08/24/2012 – burning down the conference bridge

Oh, to be rid of conference call headaches. What a world it would be.

08/24/2012 – Speek’s monosyllabic branding advantage CEO John Bracken co-founded Evite is a great name, for much the same reason Kleenex is a great name. In both cases, the words entered popular usage to denote not only the brand itself, but a discreet product — you send an Evite, you use a Kleenex.

08/24/2012 – Cloud computing software provider inks deal with In-Q-Tel

Cloud computing software provider Adaptive Computing inked a partnership with CIA venture capital wing In-Q-Tel to develop a cloud operating system tailored to the intelligence community, the company announced.

08/23/2012 – Sonatype Named to Inc. Magazine's 31st Annual List of America's Fastest-Growing Private Companies

Inc. magazine today ranked Sonatype on its 31st annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies.

08/22/2012 – MorganFranklin Corporation Named to 2012 Inc. 500|5000 List of Fastest-Growing Private Companies in America

For the second time in its 14-year history, MorganFranklin Corporation has been named to the Inc. 500|5000 list of the nation's fastest-growing private companies.

08/22/2012 – SocialToaster Names Walt Rampata Chief Marketing Officer, Unveils New Website

SocialToaster, which raised almost $2 million in June, has named Walt Rampata as its new Chief Marketing Officer while introducing a new design to its website.

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