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Here are all of the tech funding deals out of the Washington, D.C., area this week. We’ll be updating this post as more news comes out.
Thursday, September 24
Cava Grill (Washington, D.C.)
Deal: $44 million venture round Investors: Revolution, SWaN & Legend Venture Partners and Invus Group What they do: fast-casual Mediterranean food Other details: The news follows an April announcement made by the rising health-oriented, greek food restaurant, commonly referenced as the “Mediterranean Chipotle,” that it had raised a $16 million round led by SWaN & Legend Venture Partners. The Leesburg, Va.-based VC firm is among the first investors to have bet on Cava Grill.
Tech 2000 (Herndon, Va.)
Deal: $3.3M raise, according to an SEC filing Investors: U.S. boston capital corporation What they do: part incubator, tech development and training company Other details: "core strengths include content development, mobility, dynamic education tools, and training delivery for IT such as Apple OS X and Pro Apps, Cisco certification, and Metro Ethernet and business skills."
Tuesday, September 22
20/20 GeneSystems (Rockville, Md.)
- Deal: raised $2M from a $4M equity offering, according to an SEC filing
- Investors: undisclosed
- What they do: biotech
- Other details: the company develops a proteomics product line that offers drug companies, biodefense specialists and life scientists with tools to complete protein analysis
Monday, September 21
LifeMark Partners (Baltimore, Md.)
- Deal: opening of $50k raise but has yet to sell any equity, according to an SEC filing
- Investors: undisclosed
- What they do: an insurance distribution company that provides financial services and related products.
- Other Details: The company announced William J. Shelow would be its next CEO in March. He formerly served as the president of Irwin, Pa.-based Duncan Financial Group and CEO of Wealth Preservation and Management.
