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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.
Friday, November 13
Specialists on Call Inc. (Reston, Va.)
- Deal: $45M raise, according to the WBJ
- Investors: private equity fund Warburg Pincus & Co.
- What they do: emergency telemedicine technology
- Other details: Founded in 2007, the company offers on-call specialists via video who are trained in neurology, psychiatry and intensive care, to consultant with patients from a distance.
Thursday, November 12
Zerocycle (Washington, D.C.)
- Deal: raised $20K of a total $500K equity offering, according to an SEC filing
- Investors: undisclosed
- What they do: data analytics software platform to spur cleantech, recycling efforts
- Other details: "platform increases municipal recycling - using a proven three step solution - all while wrapping data analytics around city waste operations."
VACCINOGEN (Baltimore, Md.)
- Deal: raised $600K towards a $3M total equity offering, according to an SEC filing
- Investors: undisclosed
- What they do: biotech firm that produces personalized vaccines which use a patient's immune system to fight various cancers
- Other details: n/a
American Gene Technologies International (Rockville, Md.)
- Deal: raised $1.1M from a total $4.3M equity offering, according to an SEC filing
- Investors: undisclosed
- What they do: also known as AGT, this firm develops advanced genetic technologies to cure cancers, neurological disorders and infectious diseases
- Other details: specific treatment development towards Liver Cancer, HIV / AIDS, Parkinsons and Familial Dysautonomia
Tuesday, November 10
Contactually (Washington, D.C.)
- Deal: $8M venture capital raised, DC Inno reports
- Investors: co-led by Rally Ventures and Grotech Ventures. It also included participation from Correlation Ventures and return backers Point Nine Capital, Middleland Capital, Bull City Venture Partners and real estate guru Tom Ferry
- What they do: customer relationship management (CRM) software
- other details: The fresh raise brings Contactually up to $12 million in private funding to date. With the move, Grotech Ventures' general partner Don Rainey and Rally Ventures' general partner Jeff Hinck will join Contactually's board. The $8 million will be used to develop new products and to hire new employees across marketing, sales, customer service and engineering, including data science.
Tenable Network Security (Columbia, Md.)
Kevin Heath of Georgia-Pacific, left, and Mike Orr of Genuine Parts Co., one of G-P’s first partners in the Point A center. Image credit: BYRON E. SMALL
- Deal: $250M Series B, DC Inno reports
- Investors: round was led by by Insight Venture Partners and Accel Venture Partners
- What they do: cybersecurity network detection
- other details: Though company executives declined to comment on a valuation following the raise, the astounding investment marks the largest ever received by a cybersecurity firm—surpassing the previous record of $230 million held by VMware acquisition company, AirWatch, as was noted by Reuters based on CB Insights data
Monday, November 9
Personal Genome Diagnostics Inc (Baltimore, Md.)
- Deal: raised $20M from a total $21M equity offering, according to an SEC filing
- Investors: undisclosed
- What they do: a Next Generation Sequencing (NGS) specialist that focuses on cancer genome analysis
- Other details: Known as PGDx, the company has developed "proprietary techniques that identify mutations found in a patient’s tumor through noninvasive testing of circulating tumor DNA."
GTT Communications (McLean, Va.)
- Deal: raised $10.6M from a total $11.2M equity offering, according to an SEC filing
- Investors: undisclosed
- What they do: GTT Comms (NYSE:GTT) is a publicly traded, global cloud network provider that sells private network data infrastructure, Internet services and other managed services.
- Other details: GTT, an abbreviation of Global Telecom & Technology, was acquired in 2006 by Reston, Va.-based investment bank Mercator Partners. As it stand today, GTT is a combined entity that entails Global Internetworking and European Telecommunications & Technology. Since 2006, GTT has made numerous acquisition in an effort to become an international telecomms force. In 2013, GTT went public.
