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MAVA Press Contact: Stacey Sweeney
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Capital Connection 2005 Presenters Receive Nearly $140m In Funding
2006 Companies Take Center Stage Today Joining Stellar Line-Up of Speakers at Capital Connection 2006
Washington, DC - May 31, 2006 - Forty-six percent (46%) of the emerging technology companies that presented at the Mid-Atlantic Venture Association's (MAVA) Capital ConnectionSM 2005 venture fair one year ago have received $138.8 million in funding, according to the latest figures collected and released by MAVA. Additionally, three of the 2005 presenting companies were acquired and one is in registration to go public.
The four largest deals among Capital Connection 2005 companies were: Raysat ($27M), Sourcefire Inc. ($20M), Magnolia Broadband Inc. ($14M) and Induslogic ($12M). The percentage of Capital Connection 2005 companies raising investment capital is one of the highest percentages since the association began to track the information in 1996. Prior to 2006, the average percentage of Capital Connection presenting companies that had raised capital up to twelve months after the event was 35-44%.
For nearly twenty years, MAVA's Capital Connection annual venture fairs have helped shape the region's entrepreneurial economy. With the newly released figures for the 2005 fair, the total of venture funding raised by Capital Connection companies since reporting began in 1996 exceeds $2.6 billion. Some of our region's biggest success stories—AOL, UUNet, Blackboard, and Vocus—have presented at the prestigious event.
Commenting about his experience as a presenter at Capital Connection 2005, Christopher Scotton, CEO of Innovectra Corporation said, "Our funding was a direct result of our MAVA venture fair exposure. It was an outstanding experience and I would recommend it to any young company seeking early round venture funding."
This year's fair, Capital Connection 2006, began yesterday and continues today with nearly forty technology companies taking the stage before a crowd of more than 700 attendees at the Mandarin Oriental Hotel in Washington, DC. A stellar program line-up features keynote speakers, including Steve Levitt (economist and author, Freakonomics) and Bo Burlingham (Inc. editor-at-large and author, Small Giants), and prominent regional CEOs presenting case studies on topics germane to building successful growth companies.
"Capital Connection continues to attract and select the highest caliber companies in the region, as evidenced by the high percentage of our 2005 selected companies that received financing over the past year," said Julia Spicer, Executive Director of MAVA. "Our 2006 line-up of presenting companies is a reflection of our high standards for putting forth our region's top growth companies and emerging enterprises that provide a strong showcase of our market," Spicer said.
Companies that received funding within one year of being selected to present at Capital Connection 2005 include:
- Backfence Inc.
- BD Metrics
- Boxtone by Panacya
- dotPhoto, Inc.
- Induslogic Inc.
- Innovectra Corporation
- JackBe
- Magnolia Broadband Inc.
- Mpowerplayer, Inc.
- Netcordia
- Nextreme Thermal Solutions
- Raysat
- RealOps, Inc.
- Sourcefire Inc.
- SquareLoop Inc.
- TapRoot Systems Inc.
- Trufina, Inc.
- Trust Digital
- Wondir, Inc.
About MAVA
MAVA represents private equity and venture capitalists with investment interests in the mid-Atlantic. Founded in 1986, MAVA provides a wide range of programs, information and forums designed to facilitate quality deal flow, encourage collaboration, and foster relationships with entrepreneurs and investors to promote private equity investment. Membership includes more than 500 venture capital professionals representing nearly 125 firms with collectively more than $10 billion in capital under management. In addition, more than 250 key professional service providers from the financial, legal, executive search and consulting fields are also MAVA members. For more information, please visit www.mava.org.
Capital Connection is a registered service mark of the Mid-Atlantic Venture Association (MAVA).
