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News & Announcements

07/26/2012 – Chantilly-Based PhishMe Raises $2.5 Million in First Round led by DC-based Paladin Capital Group

PhishMe, the Chantilly-based developer of software that allows companies to educate employees about Internet scams by emulating real phishing attacks, said on Thursday it has raised $2.5 million in its first round of funding, led by DC-based Paladin Capital Group.

07/26/2012 – New Markets Venture Partners Joins $6M Series C for The American Academy

The American Academy, which partners with school districts across the nation to recruit, enroll and educate children who cannot or will not attend school, has secured $6 million in Series C financing. In conjunction with the Series C investment, Mark Grovic, co-founder and General Partner at New Markets Venture Partners, joined the Company’s Board of Directors.

07/25/2012 – New Enterprise Associates closes 14th fund at $2.6 billion, amid shift in leadership

Chevy Chase-based New Enterprise Associates has closed on what appears to be the largest venture fund in history at $2.6 billion, the firm announced Wednesday.

07/25/2012 – Oxford Finance Provides $25 Million Senior Credit Facility to ZONARE Medical Systems

Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced it closed a $25 million debt facility with ZONARE Medical Systems, Inc.

07/25/2012 – ABS Capital Partners Backed Holdings Closes $136 Million Share Offering Holdings Inc., the holding company for the eponymous wireless security provider, has closed a $136 million share offering, raising the amount from three investors including Technology Crossover Ventures.

07/24/2012 – Mandiant (R) Announces Launch of New Research Division

Mandiant, the leader in advanced threat detection and response solutions, today announced the formation of Mandiant Labs (M-Labs(TM)).

07/24/2012 – Basho Named Finalist in 15th Annual Mass Technology Leadership Council Leadership Awards

Basho Technologies, the worldwide leader in distributed database technologies, announced today that it has been named a finalist in Mass Technology Leadership Council's (MassTLC) 15th Annual Leadership Awards in the category of Innovative Technology of the Year: Cloud Computing.

07/23/2012 – Gazette.Net: Venture capital falls off its own fiscal cliff in Maryland

Venture capital investment in Maryland companies in the second quarter plummeted ... executive director of the Mid-Atlantic Venture Association in McLean, Va.

07/23/2012 – Columbia Capital Leads $22M Investment in IntelliBatt

DH Capital, an investment banking firm serving companies in the Internet infrastructure, communications and SaaS sectors, served as exclusive financial advisor to IntelliBatt on its recently completed $22 million equity investment led by Columbia Capital with participation from CBC-Capital, private investors, and incoming executives.

07/23/2012 – New Enterprise Associates Joins $40M Series A for Alimera Sciences

Alimera Sciences, a biopharmaceutical company specializing in the research, development and commercialization of prescription ophthalmic pharmaceuticals, has secured a $40 million Series A financing.

07/22/2012 – Reston’s Canvas has starring role in London

Last fall, James Quigley got notice that the Olympic Delivery Authority in London had signed up for a free trial of Canvas, a service that allows users to create Web applications for data collection.

07/20/2012 – Paladin Capital Group Joins $7M Series B For Racemi, along with Harbert Venture Partners

Racemi, the moving company for the cloud, announced it has closed a $7 million Series B round of venture financing to further develop and market its software for migrating workloads to cloud computing.

07/20/2012 – In the Spotlight: Neal Lieberman, Barrel of Jobs

This week's edition of In the Spotlight features Neal Lieberman, vice president of sales at the newly formed Barrel of Jobs in D.C.

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.


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.

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