Reston, VA (January 25, 2018) - StreetShares, a leading small business funding and government contract financing company, announced that it has closed its Series B funding round, raising $23 million. The company, which in addition to providing financial products to small companies, offers alternative investment products for investors, including Veteran Business Bonds.
Washington, DC (September 11, 2017) — VEDA, a DC-based developer of technology designed to help health insurers and systems increase data accuracy through machine learning and artificial intelligence automation, announced the closing of a $1M seed investment round, which was led by New Dominion.
Arlington, VA (September 6, 2017) — DivvyCloud, a leading developer of innovative technology to automate and manage cloud infrastructure, has received $6M in equity funding led by RTP Ventures. DivvyCloud will use the investment to scale its sales and marketing operations and to accelerate development of its cloud infrastructure governance and security platform.
New Dominion Angels has closed an investment in Spotluck, a Bethesda, MD-based company. Spotluck provides users with a unique “spin” on restaurant apps and its proprietary technology gamifies restaurant discovery while bringing dynamic pricing to the restaurant industry. The $4.8M Series A round arrives shortly after Spotluck expanded to NYC, and in total over 1,200 restaurants throughout the D.C. metropolitan area, Philadelphia, Baltimore, and New York currently partner with Spotluck.
Arlington, VA-based GroupSense operates the Tracelight Cybersecurity Reconnaisance Service, which alerts clients to external cyber threats specific to their organizations by identifying hard-to-access information from the deep and dark web.
Aquicore, a leader in real-time data collection and analytics for commercial real estate, secured $5M in Series A funding led by Kiddar Capital, a forerunner in smart city venture capital, with Navitas Capital, a venture firm focused on real estate and intelligent building solutions.
Reston, VA-based StreetShares has closed on $4.5M in new equity funding in the first tranche of its Series A round, which is being led by financial technology venture firm Fenway Summer.
In addition, StreetShares has announced that it has received SEC approval to offer a lending product to non-accredited investors through what is known as Regulation A+. This represents an expansion of existing products beyond accredited investors and the company is the first small business lender to receive approval under the new regulations.
Investors are backing Annapolis startup Link Labs with a $5.7 million round of venture capital to help it compete in a young but growing market for attaching wireless sensors to everything from fuel tanks to air conditioners to soil beds, an industry known as "the Internet of things."
TRX Systems was one of 13 young companies selected for the EMERGE Accelerator Program. EMERGE, which focuses on wearable technology for first responders, is a partnership between TechNexus, the Department of Homeland Security (DHS) and the Center for Innovative Technology (CIT).