Media Inquiries: For all MAVA media inquiries, please contact us at 703-506-9300 or email mava@mava.org.
 

 

Check back regularly for news, coverage, and announcements about MAVA.

  

News & Announcements

01/14/2014 – Maryland TEDCO Awards $1.3 Million to 13 State Tech Startups

The Maryland Technology Development Corp. (TEDCO) said on Tuesday it has awarded $1.3 million in funding to 13 state startups since July.

01/10/2014 – US marketing tech firm nabs $9M in Series D round led by River Cities Capital Funds

Marketing technology company Ifbyphone announced that it has nabbed $9 million in a Series D round, according to TechCrunch.

01/09/2014 – NEA, CIT GAP Funds Among Top 20 VCs of 2013

500 Startups, the Mountain View, CA.-based venture capital firm, was the most active seed investor in 2013, according to the research group CB Insights.

01/09/2014 – Elliott Sigal Joins NEA as Venture Partner and Senior Advisor

New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, on Thursday named Elliott Sigal as a venture partner and senior advisor.

01/09/2014 – Suneva Medical Raises $35 Million In Funding, Including Comerica Bank

Suneva Medical, Inc., a privately-held aesthetics company, announced that it has recently raised $35 million in debt and equity capital.

01/08/2014 – Cartiva Secures $1.5 Million Senior Credit Facility from Silicon Valley Bank

Cartiva, Inc., a developer of innovative solutions for the treatment of cartilage damage and osteoarthritis, announced today that it has entered into a loan and security agreement with Silicon Valley Bank providing access to up to $1.5 million of capital to the Company.

01/08/2014 – Compliance Science Closes $8.25M Series A from Edison Ventures

Compliance Science, Inc., a leading web-based provider of regulatory compliance technology and services, today announced that it has received an $8.25 million Series A investment from Edison Ventures, an information technology-focused venture capital firm.

01/08/2014 – Oxford Finance Closes $25 Million Senior Credit Facility with Entellus Medical

Oxford Finance LLC today announced that it entered into a term loan agreement with Entellus Medical, Inc. that expanded the original $17 million loan facility to $25 million.

01/07/2014 – Mashable Closes $13.3 Million Led by MAVA Leadership Member Updata Partners, New Markets Ventures

This is the company’s first capital raised since its founding in 2005.

01/07/2014 – Riide Smashes $50K Kickstarter Goal in Less Than 24 Hours

Local startup darling Riide has revolutionized bike riding as we know it today.

01/07/2014 – DragonWave Increases ABL Facility With Comerica to $40M

DragonWave Inc. announced that it has amended its existing revolving credit facilities with Comerica Bank and Export Development Canada.

01/06/2014 – Halozyme Secures Additional $20 Million Term Loan from Oxford Finance and Silicon Valley Bank

Halozyme Therapeutics, Inc. today announced it secured an additional $20 million loan from Oxford Finance and Silicon Valley Bank.

01/03/2014 – FireEye acquires Mandiant in $1bn deal

Mandiant rose to prominence last year after it alleged that a secretive branch of China's military had stolen data from more than 100 global firms.

01/02/2014 – Square 1 Bank Acquires Sand Hill Finance

Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, announced that it has acquired substantially all of the assets and hired all employees of Sand Hill Finance, LLC.

12/30/2013 – Acura Pharmaceuticals Secures $10.0 Million of Debt Financing

Acura Pharmaceuticals, Inc. ACUR entered into a Loan and Security Agreement with Oxford Finance LLC, pursuant to which Oxford agreed to make a term loan to the Company in the principal amount of $10.0 million.

12/30/2013 – Amicus Therapeutics Completes Debt Financing of Up to $25 Million

Amicus Therapeutics (Nasdaq:FOLD), a biopharmaceutical company at the forefront of therapies for rare and orphan diseases, has completed a $25 million long-term debt financing with a lending syndicate consisting of MidCap Financial, LLC, Oxford Finance LLC, and Silicon Valley Bank.

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.

123456789   1011121314151617181920212223242526272829303132333435363738