NDA Invests in Margin Edge

Arlington, VA - New Dominion participated in a $3M Seed round raised by Margin Edge, a software platform that provides a variety of tools and capabilities to help restaurants better optimize food costs and manage back-end operations, particularly as related to invoice processing, inventory management and bill pay. Currently serving customers in the DC metro area, Boston, NYC and Minnesota, the Margin Edge intends to use the funding for national expansion.

NDA Participates in Spotluck Series A Round

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.

StreetShares Secures $4.5M Series A and Announces SEC Regulatory Breakthrough

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.