04/04/2012 – ABB invests in water network monitoring company
ABB, the leading power and automation technology group, announced its decision to invest in TaKaDu, a provider of advanced monitoring solutions for water distribution networks. The investment was led by ABB Technology Ventures, ABB’s venture capital arm in a $6 million funding round that also included existing TaKaDu investors Emerald Technology Ventures, Gemini Israel Funds and Giza Venture Capital.
04/04/2012 – New Enterprise Associates Leads $33M Financing of SugarCRM
SugarCRM, a customer relationship management (CRM) company, has completed a $33 million equity and debt financing round.
The investment round was led by New Enterprise Associates (NEA) and includes participation from new investors Silicon Valley Bank and Gold Hill Capital. All of SugarCRM's current investors including Draper Fisher Jurvetson and Walden International also participated.
04/04/2012 – CIT Invests in VanGogh Imaging, Inc.
The Center for Innovative Technology (CIT) announced today a $100,000 investment in McLean, Va.-based VanGogh Imaging, Inc. VanGogh is a software company that offers inexpensive, easy-to-use 3-D computer vision technology for high volume mobile applications. VanGogh’s software allows mobile devices to scan real-world objects and scenes in order to render 3-D models for Augmented Reality (AR) applications.
04/03/2012 – Millennial Media Announces Closing of Initial Public Offering and Exercise of Underwriters' Option to Purchase Additional Shares
Millennial Media, Inc. (NYSE: MM) announced today it has closed its previously announced initial public offering of 10,200,000 shares of common stock at a public offering price of $13.00 per share. Of these shares, 9,200,000 shares were sold by the company and 1,000,000 shares were sold by selling stockholders. In connection with the initial public offering, the underwriters exercised in full their option to purchase an additional 873,270 shares from the company and 656,730 shares from the selling stockholders. As a result, the total initial public offering size was 11,730,000 shares.
03/28/2012 – Capital Connection Unveils Inaugural Entrepreneur Advisory Council
The Mid-Atlantic Venture Association today announced the formation of a newly created Entrepreneurial Advisory Council with the naming of two CEOs and visionaries as inaugural members – Wayne Jackson, CEO of Sonatype and David Steinberg, CEO of SnappCloud. As accomplished entrepreneurs and business leaders, the new council will help spearhead programs to meet the unique needs of high-growth companies, benefitting the upcoming Capital Connection 2012 conference and TechBUZZ with valuable advice from “shining stars” of past Capital Connections conferences.
03/28/2012 – Millennial Media Prices Initial Public Offering
Millennial Media, Inc. (NYSE: MM) announced today the pricing of its initial public offering of 10.2 million shares of common stock at a price to the public of $13 per share. The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "MM" on Thursday, March 29, 2012. A total of 9.2 million shares are being offered by Millennial, and a total of 1 million shares are being offered by selling stockholders. In addition, Millennial and the selling stockholders have granted the underwriters a 30-day option to purchase an aggregate of up to an additional 1.53 million shares. Millennial will not receive any proceeds from the sale of shares by the selling stockholders.
03/28/2012 – New Enterprise Associates Leads $30M Series D in Relievant Medsystems
New Enterprise Associates led a $30 million Series D equity round in Relievant Medsystems, Inc., a specialist in the therapeutic use of basivertebral nerve ablation for the treatment of chronic axial low back pain.
03/15/2012 – Maryland raises $84 million to invest in tech startups
Maryland succeeded in raising $84 million to invest in promising technology companies across the state via a novel online auction of tax credits, officials announced Thursday.
The InvestMaryland plan, a cornerstone of Gov. Martin O'Malley's legislative platform last year, completed a key milestone with the online auction, in which 24 insurance companies bid up the price of tax credits they wanted to receive in the future. In the end, 11 companies won the credits and the state surpassed the minimum of $70 million that it expected to receive.
03/15/2012 – New Enterprise Associates Joins $35M Round for BOKU
BOKU, a specialist in online mobile payments, has secured $35 Million in funding. Investors include New Enterprise Associates (NEA), Telefónica Digital, the growth arm of the global telecoms leader, as well as previous investors. Additional participants in the round include Andreessen Horowitz, Benchmark Capital, DAG Ventures, Index Ventures and Khosla Ventures. The funding will be used to expand the team, broaden infrastructure and continue BOKU's global expansion that started in 2009.
03/15/2012 – Carlyle Returns $19B to Investors, Boasts 150% Earnings Jump in New IPO Filing
The Carlyle Group returned $19 billion to investors last year and reported a 152 percent year-on-year leap earnings, according to Reuters.
03/09/2012 – “Year of the Entrepreneur” Theme of Capital Connection ’12 and TechBUZZ ‘12
Capital Connection’12 and TechBUZZ ’12 will bring together entrepreneurs across all stages of company growth and investors from the full spectrum of financing capital for a 1 1/2 day program filled with industry innovators, headlining entrepreneurs and sector-focused programming emphasizing trends in all of the hottest technology sectors. Capital ConnectionTM, one of the nation’s most respected industry conferences, will be held this year on May 23-24 at the Omni Shoreham Hotel in Washington, D.C.
03/08/2012 – North Carolina Joins Mid-Atlantic Bio as Strategic Partner
The Mid-Atlantic Bio conference announced today that the North Carolina Biotechnology Center (NCBiotech) has joined the Virginia Biotechnology Association (VABIO), Tech Council of Maryland (TCM), and Mid-Atlantic Venture Association (MAVA) as a 2012 strategic partner. The addition of North Carolina to the Mid-Atlantic Bio geography solidifies the conference's position as the leading regional life-sciences event.
03/06/2012 – TEDCO and The Abell Foundation Announce New Propel Baltimore Fund
The Propel Baltimore Fund (the “Fund”) was created through a partnership between the Maryland Technology Development Corporation (TEDCO) and the Abell Foundation. The Fund, which has capital commitments of $3.3 million, will provide up to $220,000 as an angel investment in early stage, technology companies located in Baltimore City.
03/05/2012 – JMI Equity Gains 13% Stake in Vocus after Beltsville Company’s Merger with iContact
JMI Equity has reported $41.54 million stake in Vocus Inc. (NASDAQ: VOCS), a Beltsville, Md.-based provider of cloud-based marketing and PR software.
03/04/2012 – Columbia Capital Raises $28.75M for GlobalOne Investment
Columbia Capital has raised $28.75 million of a $33.75 million offering for "Declarative Holdings Inc.," taking in the amount from six investors, according to an SEC filing.
03/02/2012 – Signal Hill Announces Launch of India Initiative
Signal Hill Holdings LLC (“Signal Hill”), the parent of Baltimore-based Signal Hill Capital Group LLC, a leading investment bank with a focus on growth companies, is pleased to announce the launch of Signal Hill Capital Advisory India Pvt. Ltd (“Signal Hill India”), a newly-created investment banking business based in Bangalore, India.
03/01/2012 – Proskauer Expands Litigation Practice, Private Investment Funds Capabilities with Addition of Partner Timothy Mungovan in Boston
Proskauer announced that Timothy W. Mungovan has joined the firm as a Partner in the Boston office. Mr. Mungovan was the founder and leader of the Private Fund Disputes team and was formerly the Practice Group Leader of the Commercial Litigation and Financial Services and Securities Litigation Practice Groups at Nixon Peabody.
03/01/2012 – CIT GAP Funds Invests in Brazen Careerist
The Center for Innovative Technology (CIT) announced today a $100,000 investment in McLean, Va.-based Brazen Careerist. Brazen Careerist is an online career resource that combines virtual recruiting events with online education and training to help young professionals discover their strengths, refine their skills and find their ideal job.
02/29/2012 – CIT GAP Funds Invests in Villagize
The Center for Innovative Technology (CIT) announced today an investment in Oakton, Va.-based Villagize, a social networking website that connects people in their local residential community.
02/28/2012 – Edison VII Raises $249 Million
Edison Ventures is pleased to announce the final closing of Edison Venture Fund VII at $249 million. Limited Partners include pension funds, financial institutions, endowments, family offices and fund of funds.
02/28/2012 – Hillcrest Labs, Backed by Grotech Ventures and Columbia Capital, Raises $4M
Hillcrest Laboratories Inc. has raised $4 million, or 72 percent of a $5.5 million offering of debt and convertible securities, according to an SEC filing.
Principals named in the filing by the Rockville-based maker of electronics products are:
· Founder, Chairman, President and CEO Daniel Simpkins;
· CFO Peter Jackson;
· Director Peter Barris of Menlo Park, Calif.-based New Enterprise Associates;
· Director Frank Adams of Vienna, Va.-based Grotech Ventures; and
· Director R. Philip Herget of Alexandria, Va.-based Columbia Capital.
02/27/2012 – New Atlantic Ventures does a flurry of deals
Over the past week, the Reston- and Cambridge, Mass.-based venture capital firm has been part of funding announcements for Of Course Meals, Truveris and Yieldbot. And it plans to announce another deal at South By Southwest next month, said founder and Managing Partner John Backus.
02/23/2012 – Truveris Attracts $10 Million in New Capital, Contains Drug Benefit Costs
New Atlantic Ventures, the early-stage venture capital firm based in Reston and Cambridge, Mass., said it has increased its investment in New York-based Truveris, a developer of software designed to increase efficiency in the prescription claims process.
02/23/2012 – NEA Joins $15M Round for Satori Pharmaceuticals
Satori Pharmaceuticals, which develops therapeutics for Alzheimer's disease (AD), has raised an additional $15 million in financing. Current investors InterWest Partners, New Enterprise Associates Inc. (NEA) and Prospect Venture Partners co-led the round.
02/22/2012 – Resonate Ready to Revolutionize Big Data Through Breakthrough in Values Marketing
Resonate, a Reston-based developer of audience targeting technology, said on Wednesday it has raised more than $20 million in its second round of funding, led by Revolution Growth, the DC-based investment firm created by AOL co-founder Steve Case and Wizards and Capitals owner Ted Leonsis.
02/22/2012 – MAVA’s Annual Crystal Ball Breakfast
Industry Outlook 2012
Launching the 2012 Signature Programming lineup in February, MAVA hosted two Crystal Ball – Industry Outlook breakfasts to showcase the expertise and real-time insights from 10 of the nation’s leading investors, based in the Mid-Atlantic region.
02/16/2012 – Compass Labs Secures $6M in Funding from New Enterprise
New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, said it has co-led a new $6 million round of funding for Compass Labs, the Silicon Valley-based developer of a social media advertising platform. Presidio Ventures also co-led the round, which the company will use to further develop its core CLIQ platform, as well as bolster sales and marketing efforts and expand into international markets.
02/14/2012 – EDG Partners Closes Second Fund, Actively Seeks Investment Opportunities in Healthcare
EDG Partners, a healthcare-focused private equity firm with dual headquarters in Arlington and Atlanta, said it has raised $177.8 million for its second fund. The firm said the fund, known as EDG Partners Fund II, typically will invest $5-$30 million in businesses across the healthcare sector, including those in clinical services, people and business services, manufacturing and distribution and insurance services.
02/13/2012 – Solar Junction Closes $19.2 Million Round for Scaling of Manufacturing
New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, said it has increased its stake in Solar Junction, a San Jose-based developer of high-efficiency solar cells. NEA was one of four participants in a new $19.2 million round of funding for the company, led by IQE. Solar Junction said the capital will allow it to "meet demand and fulfill current and future orders with a number of CPV [concentrated photovoltaic] companies."
02/13/2012 – Syncom Leads $4M Round in AppTap
AppTap closed a $4M round of institutional funding, led by Syncom Venture Partners, with participation from existing investor, New Atlantic Ventures. AppTap will use the investment to enhance its app recommendations service for consumers and to broaden its app advertising capabilities for developers and expand its global distribution partnerships.