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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.
Thursday, August 27
Wednesday, August 25
CargoSense (Reston, Va.)
- Deal: $3.67 million venture round, according to an SEC filing
- Investors: previous investors include IrishAngels, Middleburg Capital Development, Virginia’s Center for Innovative Technology
- What they do: a cloud-base software company that develops smart data and analytics products focused on supply chain logistics. Clients include companies from the pharmaceutical, cold chain, and refrigerated storage industries.
- Other details: In April, CargoSense announced it had raised a $2.5M Seed round.
Cybrary (Greenbelt, Md.)
- Deal: $400k seed round
- Investors: Inner Loop Capital and New Stack Ventures
- What they do: provider of massive, no-cost cybersecurity online course (MOOC).
- Other details: “Our vision is to make Cybrary the largest and most influential online cyber security community. One that is fueled by free learning and a robust job and resume market for tackling the industry skills and talent gap,” said Ryan Corey, cofounder of Cybrary. “We want to foster a community where users can showcase their profiles, share their accomplishments, and contribute to the learning of others through free education.” The company reportedly has roughly 175,000 users from around the world registered to take online courses, currently.
Monday, August 24
Link Labs (Annapolis, Md.)
- Deal: $5.7M raise, Capital Gazette reports. First reported by DC Inno in June.
- Investors: TCP Venture Capital, Maryland Venture Fund (MVF) and other individual investors
- What they do: long range, low energy usage wireless signal connection hardware and software. LinkLabs technology is used to bring long range communications capacity to users in otherwise unconnected areas.
- Other details: According to the Capital Gazette, LinkLabs will use the funding to hire 2 new staff members and for R&D.
Woofound, Renamed: Traitify(Baltimore, Md.)
- Deal: have raised $1.31M of a $1.35M equity offering, according to an SEC filing. $1.3M raise is part of total $5.5M Series A, according to the BBJ.
- Investors: previous investors include Propel Baltimore Fund (managed by Maryland Technology Development Corporation), Frank Bonsal (co-founder of New Enterprise Associates) and Vince Talbert (co-founder of Bill Me Later, acquired by PayPal/Ebay).
- What they do: personality assessment software that uses images to connect users with preferred content and product recommendations; focused on uses in education in employment
- Other details: prior to the recent round, Woofound had already raised more than $4M to date. While the company originally focused on assessments that help students chose classes or unemployed individuals find preferred employment options, Woofound has progressively begun to expand into other verticals. In 2013, the company created an in-house movie recommendation tool that further exemplified this trend, TechCrunch reported.
