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News & Announcements

09/30/2013 – Silver Spring Startup Gets $500K State Grant

Weather Analytics, a young company that recently moved from Virginia to Maryland, was the latest recipient of a grant from the Maryland Venture Fund's InvestMaryland program.

09/27/2013 – NEA Wins Big as eBay and PayPal Acquire Braintree

The Chevy Chase-based venture capital firm New Enterprise Associates got fantastic news yesterday when one of its portfolio companies out of Chicago, Braintree, was purchased by e-commerce giant eBay for $800 million.

09/26/2013 – Bethesda-Based Novak Biddle Increases Investment in UniversityNow

Novak Biddle Venture Partners, the Bethesda-based venture capital firm, said on Tuesday it has increased its investment in UniversityNow, a San Francisco-based operator of two online universities, as part of the company's new $19 million third round.

09/25/2013 – U.S. IPO Activity Expected to Reach Highest Level Since 2007

2013 likely will be the strongest year for U.S. initial public offerings (IPOs) since 2007, with volumes reaching pre-crisis levels, according to a new report by accounting and advisory firm Ernst & Young.

09/20/2013 – Millennial Media Announces HSR Clearance for Its Proposed Acquisition of Jumptap

Millennial Media (NYSE: MM), the independent leader in mobile advertising and data, today announced that it has received clearance from the U.S. Federal Trade Commission, or FTC, through the expiration of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to its proposed acquisition of Jumptap, Inc.

09/20/2013 – Millennial Media’s Appnexus Deal Creates Mobile Ad Network to Rival Google

Millennial Media, one of the larger mobile ad companies, has joined with AppNexus to set up the Millennial Media Exchange, creating a mobile marketplace that, by one measure, would make it bigger than the one offered via Google, Business Insider reported.

09/19/2013 – Private equity firm LLR opens D.C. office

When we wrote, one year ago, about the rise of outside "growth" cash on the D.C. venture scene, LLR Partners was one of the firms on our radar. The Philadelphia-based investment group, which had put an undisclosed amount of cash in Columbia-based Message Systems, was clearly scouting out the region for more deals.

09/19/2013 – LLR Partners Appoints Jason Rigoli and Michael Levenberg

Industry veterans, Jason Rigoli and Michael Levenberg, have joined LLR Partners to broaden the private equity firm’s Security, Defense & Government Services portfolio.

09/19/2013 – UMD Recognized for Top Entrepreneurship Programs

The University of Maryland has once again made The Princeton Review's list of the country's top entrepreneurship programs.

09/19/2013 – JMI Equity-backed Empathica Acquired by Mindshare Technologies

Mindshare Technologies, a leader in Voice of the Customer (VoC) technologies, has acquired Empathica, the leading global provider of social Customer Experience Management (CEM) solutions.

09/18/2013 – Mandiant Expands Operations In Europe

Alexandria-based Mandiant Corp., a major security incident response management company, has expanded its European operations, opening an office in England, hiring key sales personnel in the region and announcing new agreements with a distribution partner.

09/18/2013 – TA Associates Invests in Arxan Technologies

TA Associates, a leading global growth private equity firm, today announced it has completed a majority investment in Arxan Technologies, Inc., a leading provider of software security solutions.

09/18/2013 – New Enterprise Associates Joins $50M Round for Blue Jeans Network

Blue Jeans Network, the global leader in interoperable video collaboration services, announced it has secured $50 million in new funding led by Battery Ventures.

09/16/2013 – Herndon-Based CIT Invests in Blacksburg-Based Fitnet

The Herndon-based Center for Innovative Technology (CIT) said on Tuesday it has invested in Blacksburg-based Fitnet, developer of a virtual fitness studio app.

09/12/2013 – FiscalNote Raises $1.2 Million, Plans Move to Bethesda

FiscalNote, developer of a platform designed to quickly make sense of unstructured state and local government legislation, has raised $1.2 million in seed funding and plans to relocate from Silicon Valley to Bethesda, according to published reports.

09/10/2013 – 9Lenses Closes $3M Series A Round Led by Kinetic Ventures

9Lenses, a new Software-as-a-Service (SaaS) venture that provides packaged organizational intelligence and analytics, announced today that it has closed a Series A round of financing.

09/10/2013 – Clarabridge raises $80 million in private equity

Analytics firm Clarabridge Inc. announced an enormous $80 million growth round Tuesday, ranking among the largest fundings for a D.C.-area tech company this year.

09/06/2013 – AOL Completes Acquisition of Adap.tv

Combination Solidifies AOL’s Position as a Leader in Premium and Programmatic Video Advertising

09/05/2013 – NEA Leads $30M Series C for Hearsay Social

Hearsay Social, a leading enterprise social sales platform, announced strong year-over-year business growth and momentum driven across four key dimensions: new customer growth, strategic industry partnerships, international expansion, and pivotal leadership hires.

09/04/2013 – TDF Ventures Joins $3M Round For AppMesh

AppMesh, a leading Mobile Sales Enablement and CRM solution, today announced it has completed a $3 million investment led by InterWest Partners.

09/04/2013 – Baltimore-Based ABS Capital Partners Invests $12 Million in iZotope

ABS Capital Partners, a Baltimore-based investment firm focused on late-stage companies in the education services, healthcare, media and communications and technology sectors, said that it has invested $12 million in Massachusetts-based audio technology company iZotope.

09/03/2013 – Chevy Chase-Based NEA Leads New $50 Million Round for Lithium

New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, has led a new $50 million round of funding for San Francisco-based Lithium Technologies, a developer of software that lets businesses create their own social networks and online communities.

08/29/2013 – Signal Hill Client Acurian Acquired by PPD

Signal Hill is pleased to announce that its client Acurian has been acquired by Pharmaceutical Product Development, LLC, a leading global contract research organization (CRO) providing drug discovery, development, lifecycle management and laboratory services.

08/28/2013 – 18 Area Start-Ups to Take the Stage at TechBUZZ Georgetown

Security, Mobile, Education, Real Estate, Consumer are Among Sectors Represented

08/28/2013 – Three MAVA Members on Inc.'s 5000 Fastest Growing Companies

High Street Partners, MorganFranklin, and Arnold & Porter listed among 5000 fastest growing companies in America

08/27/2013 – PrimeSource Healthcare Systems Closes $5.5M from Oxford Finance

Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, announced that it closed a $5.5 million revolving line of credit with PrimeSource Healthcare Systems, Inc.

08/26/2013 – In-Q-Tel Joins $18.5M Series C For HyTrust

HyTrust Inc., the Cloud Security Automation Company, announced Series C oversubscribed financing in the amount of $18.5 million from new investors Intel Capital and Fortinet as well as recent investors VMware and In-Q-Tel. Previous investors Granite Ventures, Cisco, Trident Capital and Epic Ventures also participated in this round.

08/21/2013 – AnyPresence Joins Citrix Ready Worx Verified Program for Enterprise Mobile Apps

AnyPresence, the leading enterprise backend-as-a-service (BaaS) platform, today announced that it has joined Citrixs Ready Worx Verified partner program, and will now be featured in the Citrix Worx App Gallery.

08/21/2013 – Altamira Named Consulting Partner For Amazon Web Services

Altamira has attained consulting partner status on the Amazon Partner Network, Altamira announced Monday.

08/21/2013 – Axeda Closes $12M Round Led by JMI Equity

Axeda Corporation announced the the closing of $12 million in growth funding led by JMI Equity, a long-term supporter of Axeda.

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