Here are all of the funding deals out of the Washington, D.C., area this week. We’ll be updating this post as more news comes out.
Wednesday, August 19
TrackIf, (Minnetonka, Minn.) - Grotech Ventures (Vienna, Va.)
- Deal: $5M series A, per Fortune's Dan Primack
- Investors: Origin Ventures and Grotech Ventures co-led the round
- What they do: e-commerce centric purchasing wish list aggregation and organization platform. Helps track and monitor products and purchasing timeline.
- Other Details: Founded in 2013, TrackIf raised roughly $5M in convertible debt prior to their Series A.
Tuesday, August 18
Unbound Concepts (Baltimore, Md.)
- Deal: raised $435K from a $2.21M total equity offering, according to an SEC filing
- Investors: undisclosed, previous investors include: Socratic Labs and Expansion Venture Capital
- What they do: Unbound Concepts calls itself the "Pandora for K12 books." It's an early-stage startup, part of the Batlimore-based AccelerateBaltimore incubator, that has created a web and mobile app platform to improve book discovery through a customizable system.
- Other details: Founded in 2012, the company's flagship product is called Artifact. The company sells its services to publishers to help connect users with their products.
Monday, August 17
Verb8tm (Columbia, Md.)
- Deal: raised $175K from a $1.5M equity offering, according to an SEC filing.
- Investors: undisclosed
- What they do: A product of BTS Software Solutions, Verb8tm has developed software to caption and transcribe audio content. Clients included state governments, radio stations and even higher education institutions.
- Other details: BTS specializes in the development of communications technology platforms
