March is not just for the NCAA’s March Madness; it can also be dedicated to startups searching for big funding dollars. DMV tech companies raised a total of $97.3 million over the last 30 days. Of particular note: Vaxin, a biotechnology company that develops vaccines for serious viruses like avian influenza and AdVAV, raised $50 million from investors to usher its drugs through clinical trials. It is the first round of financing for the company.
Among other local deals to be highlighted, is a $3 million venture debt raise led by USAA for McLean, Va.-based identity authentication startup ID.me. In an interview with DC Inno, CEO Blake Hall told DC Inno that the company is confident they could also raise another $4.5 million from the ongoing Series B/bridge round. The new money comes as ID.me is expecting to close numerous major, nationwide partnership deals in the coming months.
Here are the details on the 14 deals from this month:
[Click the above image to enlarge and see the original spreadsheet]
