*** Biotech/Medical ***
|
Company |
Business |
Funding |
Stage | Disclosed Investors |
Panacos Pharmaceuticals
Gaithersburg, Md. | Develops HIV antiviral drugs and vaccines | $5M | Expansion | Ampersand Ventures, A.M. Pappas & Associates |
Maxlyte
Rockville, Md. | Provides biotechnology services | $4M | Early | Maryland Department of Business and Economic Development |
Advanced BioNutrition
Columbia, Md.
| Develops nutritional products in the aquaculture and agriculture industry | $3.997M | Expansion | Sherbrooke Capital Partners, Maryland Department of Business and Economic Development, Eastbourne Capital Management |
Advancis Pharmaceutical
Gaithersburg, Md.
(Read Article) | Develops therapies for antibacterial and antiviral agents | $3M | Expansion | Healthcare Ventures, Rho Ventures |
| |
*** Business Products and Services ***
|
Company |
Business |
Funding |
Stage | Disclosed Investors |
Amazing Media
Fairfax, Va. | Develops direct marketing technology for the Internet | $2.44M | Expansion | Woori Draper Fisher Jurvetson, Draper Atlantic Management |
| |
*** Electronics/Instrumentation ***
|
Company |
Business |
Funding |
Stage | Disclosed Investors |
ISR Solutions
Chantilly, Va. | Provides security systems integration products and services | $17.5M | Expansion | Carlyle Group, Fairfax Partners |
| |
*** Financial Services ***
|
Company |
Business |
Funding |
Stage | Disclosed Investors |
Realeum
Alexandria, Va. | Provides technology to the real estate industry | $14.5M | Expansion | Carlyle Group, Massey Burch Capital, Venrock Associates, ABP Acquisition, AvalonBay Communities, Cohen & Steers Captial Management |
Westmoreland Capital Management LLC
Richmond, Va. | Provides structured finance asset management | $6M | Early Stage | Jefferson Capital Partners, Monument Capital Partners |
Federal Medical
Bethesda, Md. | Finances medical claims submitted to payors by physicians and hospitals | $5.69M | Expansion | Summit Partners |
KSolutions
Annapolis, Md. | Business information services | $1.10M | Expansion | Great Hill Equity Partners |
| |
*** Healthcare Services ***
|
Company |
Business |
Funding |
Stage | Disclosed Investors |
Manorhouse Retirement Centers
Richmond, Va. | Manages and acquires assisted living and long-term care facilities | $2M | Later | Richland Ventures, HLM Management |
VerNova
Williamsburg, Va. | Provides functional evaluation services to insurance industry | $0.4M | Expansion | Beringea |
| |
*** Industrial/Energy ***
|
Company |
Business |
Funding |
Stage | Disclosed Investors |
Troy LLC
Harrisville, W. Va. | Other services and manufacturing | $1.3M | Early | Mountaineer Capital LP |
| |
*** IT Services ***
|
Company |
Business |
Funding |
Stage | Disclosed Investors |
Compressus
Washington, D.C. | Provides data optimization technologies | $4.22M | Expansion | Undisclosed |
| |
*** Media and Entertainment ***
|
Company |
Business |
Funding |
Stage | Disclosed Investors |
Cinea
Herndon , Va. | Provides security services for the digital movie business | $2M | Early | Monumental Venture Partners |
| |
*** Medical Devices and Equipment ***
|
Company |
Business |
Funding |
Stage | Disclosed Investors |
MetaSensors
Rockville, Md. | Develops intensive gas analysis sensor technology | $0.1M | Expansion | Synergy Partners |
| |
*** Networking and Equipment ***
|
Company |
Business |
Funding |
Stage | Disclosed Investors |
YAFO Networks
Hanover, Md.
(Read Article) | Makes opto-electrical hardware subsystems | $22M | Later | U.S. Venture Partners, Wheatley Partners, WorldCom Ventures, New Enterprise Associates, Mellon Ventures, Boulder Ventures, Maryland Department of Business and Economic Development |
NEC Eluminant Technologies
Chantilly, Va. | Develops systems for the passive optical network | $5M | Early | Yasuda Enterprise Development |
CityNet Telecommunications
Silver Spring, Md. | Operates a telecommunications and broadband infrastructure company | $2.24M | Expansion | Carlyle Group, Crescendo Venture Management, Great Hill Equity Partners |
Optinel Systems
Columbia, Md. | Provides optical networking elements | $1.8M | Startup/Seed | Novak Biddle Venture Partners |
| |
*** Retailing/Distribution ***
|
Company |
Business |
Funding |
Stage | Disclosed Investors |
Visicu
Baltimore, Md. | Provides network monitoring of critical care patients | $1.5M | Expansion | Sterling Capital Partners |
VetCentric
Annapolis, Md. | Provides e-commerce infrastructure for the veterinary industry | $0.75M | Expansion | Undisclosed Venture Firm,Three Arch Partners, Staenberg Venture Partners |
PromiseMark
Fairfax, Va. | Provides virus protection insurance for individuals and small businesses | $0.4M | Early | Northwood Ventures |
| |
*** Semiconductors ***
|
Company |
Business |
Funding |
Stage | Disclosed Investors |
Neocera
Beltsville, Md.
(Read Story) | Provides semiconductor and superconductor solutions | $13.3M | Expansion | Intel Capital, Tudor Ventures |
Semrock
Baltimore, Md. | Develops optical components for use in optical telecommunications systems | $5M | Startup/Seed | BlueStream Ventures |
| |
*** Software ***
|
Company |
Business |
Funding |
Stage | Disclosed Investors |
Managed Objects
McLean, Va.
(Read Article) | Provides Internet infrastructure management software | $13M | Expansion | Financial Technology Ventures, Lazard Technology Partners, Fidelity Ventures, JMI Equity |
RateIntegration
McLean, Va. | Provides software for operating support systems | $9M | Expansion | Dolphin Communications, LiveWire Media, JT Venture Partners, Windspeed Ventures |
Approva
Bethesda, Md. | Develops an Internet-based business software platform | $3.1M | Early | New Enterprise Associates, Columbia Capital, Novak Biddle Venture Partners |
Sourcefire
Columbia, Md.
(Read Article) | Delivers a network monitoring infrastructure | $2.3M | Early | Inflection Point Ventures, Maryland Department of Business and Economic Development |
ClearCross Network
Reston, Va. | Develops customized software solutions for the export and import community | $1.71M | Expansion | INVESCO Private Capital , Oak Investment Partners, SOFTBANK Capital Partners, CDP Sofinov |
MedContrax
Gaithersburg, Md. | Provides a contracting network and sales information service | $1M | Expansion | Pacific Venture Group, Cardinal Partners |
SevenSpace/Nuclio
Chantilly, Va. | Manages applications and operations for corporations | $0.82M | Later | Trinity Ventures |
Secure Methods
Vienna, Va. | Designs advanced, secure network applications | $0.19M | Expansion | Walker Ventures |
| |
*** Telecommunications ***
|
Company |
Business |
Funding |
Stage | Disclosed Investors |
Diveo Broadband Networks
Washington, D.C. | Provides Internet and communication services in Latin America | $50M | Expansion | Alta Communications, Norwest Equity Partners, Flagship Ventures |
Mesa Communications Group LLC
Falls Church, Va. | Provides tower sites and consulting to the wireless industry | $10M | Early | Schroder Ventures |
FirstRing
Sterling, Va. | Operates call centers | $3.65M | Expansion | WestBridge Capital Partners |
Gemplex Internet
Vienna, Va. | Develops Internet services for emerging market buisness | $2.73M | Expansion | Canaan Partners |
VideoNext
McLean , Va.
(Read Article) | Provides online video services | $2M | Expansion | New England Partners |
Paratek Microwave
Columbia, Md.
(Read Article) | Develops and manufactures radio frequency tunable components | $1.7M | Expansion | Novak Biddle Venture Partners |
Unwired Express
Columbia, Md. | Provides a wireless platform for enterprise applications | $1M | Expansion | Infinity Capital, Concord Venture Fund |
| |
| Sources: PricewaterhouseCoopers, Venture Economics and the National Venture Capital Association (Details). |
