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4Q 2012 Venture Activity in Virginia:
(as reported by the PwC/NVCA MoneyTree Report)
Seed and Early Stage
Con3nt, a Dulles, VA-based provider of a real-time market for photo and video journalism, closed a round from CIT GAP Funds.
CVCertify, a Dulles, VA-based developer of an online work history certification platform, closed a $540K round from LiveOak Venture Partners.
CIT GAP Funds portfolio company, Distil, an Arlington, VA-based provider of cloud-based software designed to protect online content, preserve search engine rankings and improve ad revenue, closed a $1.8M round from Correlation Ventures, IDEA Fund Partners, and an undisclosed firm.
Lewis and Clark Pharmaceuticals, a Charlottesville, VA-based developer of adenosine-based pharmaceutical compounds for autoimmune disease, closed a $100K round from CIT GAP Funds.
Mobile Systems 7, a McLean, VA-based provider of a security product that uses credit card style analytics for enterprise data, closed a $750K round from CIT GAP Funds and an undisclosed firm.
CIT GAP Funds portfolio company, Mpowerplayer (aka AppTap), a Herndon, VA-based provider or application recommendation services and advertising network, closed a $150K round from New Atlantic Ventures.
CIT GAP Funds portfolio company, PublicRelay, a Reston, VA-based media monitoring and analytics solution company, closed a $1.5M round from an undisclosed firm.
CIT GAP Funds portfolio company, Speek, a Sterling, VA-based provider of conference call solutions, closed a $1.2M round from undisclosed investors.
Veenome, an Arlington, VA-based video intelligence company, closed a $600K round from CIT GAP Funds, Ecosystem Ventures, India Venture Partners, and undisclosed firms.
Xdynia, a Charlottesville, VA-based drug development company, closed a $100K round from CIT GAP Funds.
YaSabe, a Herndon, VA-based provider of business and local information in Spanish, closed a $500K round from CIT GAP Funds and an undisclosed firm.
Zoomdata, a McLean, VA-based virtual data analytics product company, closed a $1.1M round from CIT GAP Funds and undisclosed firms.
Later and Expansion Stage
DubMeNow, a Vienna, VA-based provider of applications to communicate, network and exchange information, closed a $1.5M round from Grotech Ventures.
HemoShear, a Charlottesville, VA-based creator of human relevant systems that accurately replicate the biology of organ systems and diseases throughout drug discovery and development, closed a $4M round from an undisclosed firm.
Innocoll, an Ashburn, VA-based developer of biodegradable surgical implants, closed a $2M round from Newsmith Asset Management.
Intrexon, a Blacksburg, VA-based next generation synthetic biology company, closed a $25M round from Third Security.
CIT GAP Funds portfolio company, IntroHive, a Sterling, VA-based provider of a platform that enables companies to leverage and analyze their enterprise and employee data to get introductions to sales leads, closed a $1.8M round from GrowthWorks Capital and undisclosed firms.
CIT GAP Funds portfolio company, Invincea, a Fairfax, VA-based provider of desktop security software and a threat intelligence network appliance for protecting enterprise, government and home users from internet attacks, closed a $7.25M round from CIT GAP Funds, Grotech Ventures, Harbert Venture Partners, and New Atlantic Ventures.
CIT GAP Funds portfolio company, Latista Technologies, a Reston, VA-based provider of field management software and services, closed a round from undisclosed investors and CIT GAP Funds.
LogiXML, a McLean, VA-based provider of business intelligence software, reporting and analysis solutions, closed a $1.25M round from Summit Partners.
Perfect Commerce, a Newport News, VA-based provider of B2B commerce solutions closed a $6M round from an undisclosed firm.
Privia, a Herndon, VA-based provider of bid management software, closed a $2.1M round from Golf Capital Partners, Open Prairie Ventures, and an undisclosed firm.
Soluble Systems, a Newport News, VA-based manufacturer of sterile wound care dressings, closed a $2.7M round from Envest Private Equity.
CIT GAP Funds portfolio company, Tau Therapeutics, a Charlottesville, VA-based developer of T-channel terapeutics to treat cancer, closed a $3M round from undisclosed investors.
WellAWARE Systems, a Glen Allen, VA-based provider of wellness monitoring solutions for senior care providers, closed a $2M round from .406 Ventures.
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