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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 this week.
Last week
Wednesday, January 6
ELDERSCAN / EverSafe (Columbia, Md.)
- Deal: raised a $1.6M debt round from a total $2M offering, according to an SEC filing
- Investors: undisclosed
- What they do:"protects older adults from fraud, identity theft and unscrupulous telemarketers. We securely monitor financial accounts and credit reports around the clock, alerting you to suspicious activity," the company's website reads.
- Other details: EverSafe has been spotlighted by numerous high profile business publications via interviews and other contributions/news
KitCheck (Washington, D.C.)
- Deal: raised $2.7M from a $5M equity offering, according to an SEC filing
- Investors: undisclosed
- What they do: tracking and processing pharmaceuticals and medications with hardware tech
- Other details:
Evatran (Richmond, Va.)
- Deal: $10M Series B raise, announced via co.
- Investors: Zhejiang VIE Science and Technology Company
- What they do: plug-less electric vehicle charging technology
- Other details: " the first wireless electric vehicle (EV) charging system on the market in the world. Plugless offers customers a simple way to charge their EVs with the ease of wireless technology. Originally founded in 2009"
Allovue (Baltimore, Md.)
- Deal: raised $110K from a $150K equity offering, according to an SEC filing
- Investors: undisclosed
- What they do: real estate data analytics software "that automates and standardizes important market data brokers and researchers use every day"
- Other details: founded in 2012, currently operates with less than 10 employees
Power Fingerprinting / PFP Cybersecurity (Vienna, Va.)
- Deal: raised $1.6M from a $2M offering, according to an SEC filing
- Investors: undisclosed
- What they do: cybersecurity hardware that tests for malware and whether a microchip is counterfeit
- Other details: led by veteran cybersecurity analyst and angel investor Steven Chen
Tuesday, January 5
BTCS (Arlington, Va.)
- Deal: $1.45M debt raise, according to an SEC filing
- Investors: undisclosed
- What they do: early mover in the blockchain (Bitcoin protocol) and digital currency ecosystems and the first "Pure Play" U.S. public company in the space
- Other details: an e-commerce website exclusively accepting Bitcoin with tens of thousands of items. The revenue model was explained by the Washington Post's Mohana Ravindranath as such: "After shoppers place orders in Bitcoin — and are charged using payment app Bitpay — BitcoinShop pays vendors in dollars, and places the order for customers. BitcoinShop takes a transaction fee for itself."
