The Download: A string of Washington area companies collect venture capital investments

October 16, 2013

Venture capital deals in the fourth quarter may be off to strong start after a series of companies from around the Washington region collected millions of dollars from investors this week.

These firms added cash to their coffers:

Logi Analytics

McLean-based Logi Analytics collected $27.5 million thanks to an investment from LLR Partners and Updata Partners.

The firm provides data analytics software that allows companies to crunch large volumes of data from different sources in order to make better business decisions.

The company said in a news release that the money will be used to create new products and hone its existing technology, while also expanding into new markets. Logi Analytics currently works with companies in sectors as varied as financial services, health care, manufacturing and defense.

Chief executive Brett Jackson did not return calls for comment. “By expanding into new markets and continuing to enhance our highly functional and easy-to-use technology, we can equip more enterprises with the ability to harness insights from their data through analytics,” he said in a statement.

In the past, Logi Analytics has collected $23.1 million from Grotech Ventures, Summit Partners and Updata Partners, all of whom remain invested in the company.

“Business intelligence is no longer a nice-to-have. Logi Analytics gives companies of all sizes the affordable, scalable technology they need to make smarter business decisions based on real-time data,” David Reuter, partner at LLR, said in a statement.

Vox Media

Vox Media, the creator of Web sites for sports, technology and video game news, told the Securities and Exchange Commission in a filing this week that it was $34 million richer.

The District-based company behind SB Nation, The Verge and Polygon intends to raise a total of $40 million, according to the filing. The recent round was led by Silicon Valley investor Accel Partners, which has backed Internet companies such as Facebook, Kayak.com and Dropbox in the past.

Former AOL executive Jim Bankoff serves as the chairman and chief executive of Vox Media. The company did not respond to requests for comment.

MapBox

District-based MapBox raised $10 million, its first venture capital money to date, executives announced this week. The round was led by Boulder, Colo.-based venture capital firm Foundry Group.

The company uses open-source software and data to make interactive, customizable maps for mobile apps and Web sites. It counts 2,500 paying clients to date, including car service Uber and mobile check-in app Foursquare.

Chief executive Eric Gundersen said the founders trace their roots to international development work, where they used maps to plot drone strikes in Pakistan and election results in Afghanistan. Three years ago, they created MapBox.

The company intends to double its staff of 35 with the money. It has offices in the District and San Francisco.

Personal

Georgetown-based Personal, the company behind an app that uses your information to automatically populate online forms, raised $4.5 million from Legg Mason investor Bill Miller, the firm announced this week.

Personal offers a “data vault” in which regular people can store personal information and documents. It’s primary application, Fill It, then uses that information to automatically add information such as names, addresses and phone numbers to online forms.

Chief executive Shane Green said the company plans to add customers by working with partners who offer the service to their customers and pick up the bill on their behalf. A partnership with FileThis, an online bill delivery company, was announced earlier this year.

Green and Miller met in August while speaking at a private, corporate event on the future of digital technology. Miller joins other prominent local financiers who have invested in Personal, including former AOL executives Steve Case and Ted Leonsis, and Grotech investor Don Rainey.

Founded in 2009, Personal has raised $20 million to date and employs 43 people, Green said.

Steven Overly covers the business of technology, biotechnology and venture capital in the Washington region for The Washington Post and its weekly Capital Business publication. In that capacity, he has written about start-up struggles, investment trends and major drug discoveries.
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