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News & Announcements

12/20/2013 – Boulder Ventures, Crestone start new funds

Boulder Ventures Ltd. has raised $100 million for a new fund, and Crestone Capital Advisors LLC has raised $7 million for two new funds, according to documents filed with the Securities and Exchange Commission.

12/20/2013 – Carl Rosenblatt, Liz Renninger, Gary Stegman Join Acentia Business Development Team

Acentia CEO Todd Stottlemyer has introduced three new officials with at least four decades of combined experience for the company’s business development unit.

12/19/2013 – AcelRx Secures $40 Million Credit Facility with Hercules Technology Growth Capital

AcelRx Pharmaceuticals, Inc. (Nasdaq: ACRX), a specialty pharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of acute and breakthrough pain, today announced that it has entered into a new amended and restated credit facility with Hercules Technology Growth Capital, Inc.

12/19/2013 – iJET Secures Investment from LLR Partners

iJET International, Inc. (iJET), a leading operational risk management solutions provider, today announced the completion of an investment by private equity firm LLR Partners.

12/18/2013 – Huddle sees cloud business flourish with In-Q-Tel backing

Cloud computing firm Huddle knows the perks of being backed by the CIA’s nonprofit investment arm, In-Q-Tel.

12/18/2013 – Greenspring Associates, NEA Take Part in $50M Round for CloudFlare

A pair of local venture capital firms, Owings Mills-based Greenspring Associates and Chevy Chase-based New Enterprise Associates (NEA), have taken part in a $50 million round of funding for San Francisco-based CloudFlare.

12/18/2013 – Cell Therapeutics Gets Remaining $5M From Hercules Technology Loan

Cell Therapeutics, Inc. (CTI) (NASDAQ and MTA: CTIC) announced that CTI has received the remaining $5 million from Hercules Technology Growth Capital, Inc. (NYSE: HTGC) available under the existing loan agreement that was established in March 2013.

12/17/2013 – Center for Innovative Technology Invests in McLean-Based DivvyCloud

The Center for Innovative Technology (CIT) announced that its CIT GAP Funds invested in DivvyCloud, a McLean-based startup that provides software to help companies optimize their hybrid cloud-based IT infrastructure.

12/17/2013 – Square 1 Bank Announces $12.5 Million Credit Facility to NutraMed, Inc.

Square 1 Bank (“Square 1”), the premier banking partner to entrepreneurs and the venture capital community, announced today it has provided a $12.5 million credit facility to NutraMed,Inc. (“NutraMed” or the “Company”), a leading manufacturer of nutraceuticals and dietary supplements.

12/16/2013 – Invincea Snags $16M to Grow Sandbox Cybersecurity Model

Invincea, a cybersecurity company operating out of Fairfax innovating the use of virtual containers (or sandboxes) to keep computers safe from malware and other attacks, announced Monday that it has received $16 million in series C equity funding.

12/16/2013 – Silicon Valley Bank provides $3M financing to Lincor Solutions Inc.

Silicon Valley Bank, financial partner to technology and life science businesses and their investors worldwide, today announced that it has provided Lincor Solutions Inc., supplier of point of care computing platforms and patient engagement technology, with a $3 million equipment Line of Credit.

12/11/2013 – Center for Innovative Technology Invests in Reston-Based ADR Software

The Herndon-based Center for Innovative Technology (CIT) said on Wednesday it has invested an unspecified amount in Reston-based ADR Software, a developer of technology that helps general contractors and project owners collect and document labor information.

12/11/2013 – Scottsdale's Integrate lands $12.5 million in financing

Integrate Inc., a Scottsdale-based marketing software and media services provider, has inked a deal with Silicon Valley Bank to secure $12.5 million in financing.

12/10/2013 – DataRPM Appoints Don Clarke to Board of Directors

DataRPM, the industry pioneer in natural language and computational search-based Business Intelligence (BI) platform for Big Data analysis, today announced the appointment of Don Clarke to its Board of Directors.

12/09/2013 – 'Kayak-for-cars' startup wins $15k, moves to Ballston, rebrands as Carsquare

Car-search startup iGrabberAutos is changing its name to Carsquare and moving its headquarters to Arlington after winning a pitch competition judged by Aneesh Chopra, Ted Leonsis and others.

12/09/2013 – Edison Ventures Sees Good Exit as Publicis Groupe SA acquires Verilogue Inc.

Publicis Groupe SA: Says it has acquired Verilogue Inc., a healthcare analytics firm specializing in physician-patient communication based in the U.S.Says Verilogue will become part of Publicis Healthcare Communications Group (PHCG), a healthcare communications network.

12/06/2013 – Hybrid Bikes Charge Into D.C.

Recent graduate Jeff Stefanis (MSB ’13) is revolutionizing the way Washington residents get around their city by introducing Riide, a company that that will sell moderately priced electric bikes that double as bicycles.

12/06/2013 – CIT Invests in Alexandria-Based Power Supply

The Herndon-based Center for Innovative Technology (CIT) said it has invested an unspecified amount in Alexandria-based Power Supply, developer of an online network of local chefs that busy professionals can access for on-the-go meals.

12/05/2013 – BuilDatAnalytics and Carsquare Win Big at Ballston LaunchPad Finale

The audience at the Ballston LaunchPad Challenge Finale was astonished to hear that two startups had been chosen as winners: BuilDatAnalytics and Carsquare.

12/05/2013 – Baltimore tech startup An Estuary LLC gets $100,000 Md. TEDCO investment

A Baltimore startup said Thursday that it received a $100,000 investment from the Maryland Technology Development Corp.

12/04/2013 – NEA Leads $1.8M Seed Round For MOVE Guides

MOVE Guides announced today that it has closed a $1.8 million seed funding round from Notion Capital and NEA, bringing its total funding to $2.4 million.

12/04/2013 – Industry Ventures Closes $425M Secondary Fund

Industry Ventures LLC, a investment firm for venture capital, announced the closing of Industry Ventures Secondary VII, a $425 million secondary fund focused on providing liquidity alternatives for venture capital investments.

12/03/2013 – Millennial Media Raises $175M in Equity Financing

Millennial Media, based in Canton, has raised a little more than $175 million in equity, according to SEC filings.

12/03/2013 – JMI Equity Promotes Brian Hersman to GP

JMI Equity, a growth equity firm focused on investing in leading software and technology-enabled services companies, announced the promotion of Brian Hersman to General Partner.

12/03/2013 – Square 1 Bank Announces $4.5 Million Credit Facility to Sittercity

Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, today announced that it has provided a $4.5 million credit facility to Sittercity, the largest and most trusted online source for in-home care.

12/03/2013 – Canvas Wins Bronze in Best in Biz Awards 2013

Canvas, the global leader in mobile apps for businesses, today announced it has been named a bronze winner in the Most Socially or Environmentally Responsible Company of the Year category in Best in Biz Awards, the only independent business awards program judged by members of the press and industry analysts.

12/03/2013 – AnyPresence and MasterCard to Co-Present at APPNATION Conference

AnyPresence, a leading enterprise mobile development platform, today announced it will be co-exhibiting and speaking with MasterCard at APPNATION, the leading executive conference and exposition focused on the burgeoning consumer applications economy.

12/02/2013 – Geostellar Makes Going Solar as Easy as Booking Travel

Geostellar, a startup backed by power producer NRG Energy Inc, is seeking to become the Expedia or Orbitz of the solar industry -- a one-stop shop where consumers can not only compare the benefits of leasing solar panels versus buying them outright, but ultimately sign up to install a system.

11/29/2013 – DLA Piper Represents ACTIVE Network in $1.05 Billion Private Equity Deal

DLA Piper represented ACTIVE Network, a San Diego-based software company, in its $1.05 billion acquisition by Vista Equity Partners, the largest Internet leveraged buyout in 2013.

11/27/2013 – Square 1 Bank Provides $7.5M Loan to Talari Network

Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, announced it has provided a $7.5 million growth capital facility to San Jose-based Talari Networks.

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