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News & Announcements

07/19/2012 – CIT GAP 50 Entrepreneur Awards to Identify Virginia’s Best and Brightest Business Visionaries

The Center for Innovative Technology (CIT) launched today the GAP 50 Entrepreneur Awards, a new statewide entrepreneur award program, designed to identify and celebrate Virginia’s next generation entrepreneurs in the areas of life sciences, technology and energy.

07/19/2012 – J. Moore Partners Establishes European Headquarters in London

J. Moore Partners, the independent technology-focused bank based in San Francisco, announced its European expansion today with a new office located in London at 69 Old Broad Street.

07/19/2012 – New Enterprise Associates Leads $27M. Funding for SAY Media

SAY Media announced that it has secured $27 million in funding led by new investors New Enterprise Associates (NEA), Shea Ventures and Correlation Ventures, as well as participation from existing investors.

07/19/2012 – NEA Leads $25M Series C for Edmodo

Edmodo, a K-12 social learning network, has closed a $25 million Series C funding round led by new investor New Enterprise Associates, Inc. (NEA), including participation from existing investors Greylock Partners, Benchmark Capital, Union Square Ventures, and Learn Capital.

07/18/2012 – Yahoo! Japan Acquires Stake in Cloud Storage Firm Basho

…But in the Asia Pacific, Yahoo! Japan is making a big move for the cloud computing market, with its acquisition of cloud-storage firm Basho.

07/18/2012 – CIT invests $50,000 in Power Fingerprinting

Virginia's Center for Innovative Technology has invested $50,000 in Power Fingerprinting Inc.

07/18/2012 – Boardwalk Fresh Burgers and Fries® Taps Cardagin® to Power Mobile Loyalty and Rewards Program

Cardagin Networks, Inc., a market leader in Mobile Relationship Management (MRM) platforms, announced today that it has been tapped by iconic national burger and fries brand, Boardwalk Fresh Burgers and Fries, to power the company’s mobile customer loyalty and rewards program.

07/18/2012 – Workday Files for IPO, Backed by NEA and T. Rowe Price

Workday, a Silicon Valley-based portfolio company of both Chevy Chase-based New Enterprise Associates and Baltimore-based T. Rowe Price, has filed with the Securities and Exchange Commission (SEC) for its initial public offering (IPO), Reuters reported.

07/18/2012 – New Enterprise Associates Joins $3.7M Round for Coursera

Online education platform Coursera has secured a $3.7 million investment from Caltech and the University of Pennsylvania. New Enterprise Associates and Kleiner Perkins Caufield & Byers have also backed the business.

07/18/2012 – CIT GAP Funds Invests in Power Fingerprinting, Inc.

The Center for Innovative Technology announced today a $50,000 investment in Power Fingerprinting, Inc. (PFP), of Blacksburg, Va., whose patent-pending solutions detect embedded security threats in computer systems, protecting against malicious cyber attacks.

07/18/2012 – CENTRIFUGE NAMED AS 2012 FINTECH COMPANY

Centrifug Systems announces that it has been chosen by AlwaysOn as one of the AlwaysOn Global 250 winners.

07/18/2012 – A Review of North Carolina Venture Capital Tech Investing

From 2009 to the First Half of 2012 And the reality is that there is a concerning lack of resident venture funds. .... Greycroft Partners, Grotech Ventures, Harbert Ventures, JMI Equity...

07/16/2012 – CivicScience Raises $2.86 Million From New Atlantic Ventures And Cox To Crunch Data From Online Polls

About a year ago, we first wrote about CivicScience, an online polling startup based in Pittsburgh that had just raised $1.2 million in seed funding from research firm The NPD Group, national polling company ALR, and The McClatchy Company director Kevin McClatchy, among others.

07/12/2012 – New Enterprise Associates Portfolio Co. 23andMe Acquires Cure Together

23andMe, a personal genetics company, has acquired CureTogether. CureTogether was launched in 2008 initially to help people who live in daily chronic pain.

07/11/2012 – ABS Capital Partners Leads $22.5M Financing for Athletes' Performance

Athletes’ Performance, a provider of performance training, nutrition and physical therapy for athletes, military and corporations, received a $22.5 million investment from ABS Capital Partners, a Baltimore based investor in later-stage growth companies.

07/11/2012 – CIT Announces 2nd Round Awards of the FY2012 Commonwealth Research Commercialization Fund

The Center for Innovative Technology (CIT) today announced 22 awards totaling $3.1 million for the second round of the FY2012 Commonwealth Research Commercialization Fund (CRCF).

07/10/2012 – Sonatype Secures $25 Million in Financing Led by New Enterprise Associates

Sonatype, the leader in component lifecycle management, today announced it has secured $25 million in financing led by New Enterprise Associates (NEA), with participation from existing investors Accel Partners, Hummer Winblad Venture Partners, Morgenthaler Ventures and Bay Partners.

07/10/2012 – Tom Dann Named Managing Director of Maryland Venture Fund

Maryland Department of Business and Economic Development (DBED) Secretary Christian S. Johansson today announced that Thomas S. Dann has been named Managing Director of the Maryland Venture Fund.

07/10/2012 – Oxford Finance Provides $10 Million Senior Credit Facility to LensAR

Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced it closed a $10 million debt facility with LensAR, Inc.

07/09/2012 – JMI Equity Backs Capsule Tech

Capsule Tech, Inc., a provider of medical device connectivity, received a strategic investment from JMI Equity, a Baltimore based growth equity firm focused on investing in growing software, Internet, business services and healthcare IT companies.

07/09/2012 – Core Capital Partners Join $4.75M Series B for KnowledgeTree

KnowledgeTree, a provider of cloud-based solutions that help companies “rule their documents,” announced the closing of a $4.75 million Series B round of venture capital investment.

07/09/2012 – At Augaroo, big data you can see and touch

Justin Langseth has been working to collect, manipulate and make sense of big data since before the term became mainstream vernacular in tech circles.

07/05/2012 – New Enterprise Associates Joins $6M Round For BenchPrep

BenchPrep, the world’s only interactive marketplace and learning platform that works across desktop, iPhone, iPad and Android devices, today announced that the company closed a successful $6 million venture capital round led by New Enterprise Associates (NEA) with participation from Revolution Ventures.

06/28/2012 – Novak Biddle Leads $5M Series A in Copiun

Copiun Inc., a provider of secure mobile collaboration solutions with end-to-end data governance, has closed the final tranche of its $5 million Series A funding led by venture capital firm, Novak Biddle Venture Partners.

06/28/2012 – Maryland Reviews Proposals from 37 Private Venture Firms for InvestMaryland Program

Following a meeting of the Maryland Venture Fund Authority, Maryland Department of Business and Economic Development (DBED) Secretary Christian S. Johansson and Maryland Venture Fund Authority Chairman Peter Greenleaf issued the following statement on the Authority’s progress in selecting private venture capital firms that will receive funds through the State’s InvestMaryland program.

06/28/2012 – Edison Ventures Invests $10M in Magnetic

Edison Ventures proudly announces leading $10M growth financing of Magnetic.

06/28/2012 – New Enterprise Associates Leads $25M Series C in Blue Jeans Network

New Enterprise Associates has led a $25 million Series C round for Blue Jeans Network, a provider of interoperable video conferencing services. Accel Partners and Norwest Venture Partners also participated.

06/27/2012 – SocialToaster Closes Series A Funding in the Amount of $1.975 Million

SocialToaster is pleased to announce the closing of its oversubscribed Series A funding round in the amount of $1.975 million.

06/26/2012 – NVTC Congratulates the 2012 Hot Ticket Awards Winners and Finalists! – Capital Connection’12 Presenters newBrandAnalytics and Sonatype, Sterling Company Broadsoft

Members of Northern Virginia's hottest technology scene gathered on Tuesday, June 26, for the 11th Annual Hot Ticket Awards at the home of NVTC President and CEO Bobbie Kilberg.

06/22/2012 – Novak Biddle Venture Partners raising sixth fund

Bethesda-based Novak Biddle Venture Partners is setting out to raise its sixth fund, said co-founder Jack Biddle, its first such effort since the early-stage venture firm raised $227 million six years ago.

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