D.C. companies rang in the new year with a diverse array of funding announcements from a range of companies spanning health care, fintech, new media and energy solutions. The largest raise of the month was from Arlington-based women's health care startup Advantia health.
Here’s our monthly roundup of D.C.-area startup funding for January. And you can stay on top of funding announcements as well as other local tech and startup news by subscribing to our newsletter, the Beat.
Advantia Health, a women’s health care provider based in Arlington, brought in a $45 million investment from BlueMountain Capital Management, LLC. The company says it serves 430,000 patients through 200 providers in 60 locations. Earlier this year, it acquired Heartland Women’s Healthcare and Pacify, a telehealth app for new mothers.
Securrency, a blockchain technology startup based in D.C., landed $17.65 million in Series A funding, led by WisdomTree. The company provides a security- and compliance-focused SaaS products to financial institutions with the aim to bridge blockchain and legacy fintech. The company also has offices in New York and Abu Dhabi.
Socially Determined, a D.C. health tech company, brought in $11.1 million in its Series A round. The company describes itself as a “healthcare technology and analytics startup focused on measuring the impact of the social determinants of health.” It runs a platform called SocialScape that quantifies and visualizes social risk. The round included backers Healthworx, Ziegler Link-Age Funds, ProMedica, 3M, OSF HealthCare and LRVHealth. The company also has an office in Blacksburg, Va.
D.C.-based Sayari Labs, a risk analysis platform for the financial world, raised $9 million in Series B funding. The company says financial institutions, law firms, news organizations and others use its product to draw insights. The round, led by private equity firm Arsenal Growth, brings Sayari funding up to $12.2 million, according to Crunchbase.
ConnectedDER, a company that makes devices that integrate residential distributed energy resources (DERs) with the electric grid, brought in $7 million in Series B funding led by Clean Energy Ventures, Skyview Ventures, and Avista Development, Inc. Based in Arlington, the company’s flagship the Smart ConnectDER, which it says “turns the utility meter socket into a grid-friendly plug-and-play solution for adding electric vehicles, energy storage, and solar to the home.”
Fulton-based machine data intelligence startup Circonus raised $6.8 million in Series A1 investment, led by Osage Partners. The company provides a platform that digests large volumes of data in real time to provide business insights, including visualizations, alerts and other analytics. The company is led by CEO Bob Moul, founder and CTO Theo Schlossnagle and CFO Jim Wright.
D.C.-based health tech startup VEDA Data Solutions brought in $5 million for its Series A round led by Empactful Capital, according to Technical.ly. The company was founded in 2015 by astronomer Bob Lindner and political entrepreneur Meghan Gaffney Buck. The company provides AI-driven platforms that deliver insights to the health care industry.
Freethink Media, a media and media production company with bases in D.C., New York and Los Angeles, reported raising $4 million in new equity funding, according to an SEC filing. The company focuses on stories about science, technology and entrepreneurship. Freethink was founded in 2011 as a creative agency, and has been putting out editorial videos since 2016.
Bethesda-based startup MIND-X Corp raised $1.75 million in new equity funding, according to an SEC filing. The company says it’s using “neurotechnology, augmented reality and artificial intelligence to create a ‘look-and-think’ interface for next-generation spatial computing applications.” In July, MIND-X was one of seven companies to get funding from the Maryland Technology Development Corp (TEDCO).
