Here are recent equity deals, both private and public, in the Washington area.
Optinuity Inc. recently raised $6.5 million in a Series A preferred-stock offering, according to a filing with the Securities and Exchange Commission. Optinuity's executive officers include Scott E. Stouffer, founder and chairman of networking software firm Visual Networks Inc., and Rachid Sijelmassi. Investors in the offering included Mid-Atlantic Venture Fund IV, New Enterprise Associates and Venrock Partners LP. There were six investors in the offering. The money will be used for working capital.
Pinnacle Care International Inc. raised $8 million from 56 investors in a Series B convertible-preferred-stock offering, according to a recent SEC filing. The Baltimore company provides personalized health care to rich people. The money will be used to hire additional sales and marketing employees.
RLJ Urban Lodging Fund LP, which was created as a hotel investment fund in August by Black Entertainment Television founder and entrepreneur Robert L. Johnson, raised $168.1 million from nine investors in a partnership unit offering, to buy real estate. Presidio Partners LLC in San Francisco helped raise the money, according to an SEC filing.
Essex Corp., a Columbia-based defense technology company, said it would sell up to 5 million shares of its common stock. Essex plans to use the proceeds for acquisitions. The size, timing and price of the offering will be determined at the time of sale.
Compiled by Terence O'Hara and Bloomberg News.