who’s getting funded?
Profectus Biosciences, based in the Holabird Industrial Park, has raised $7 million in equity, according to SEC filings. The biotech company develops vaccines that prevents and treats “viral diseases and malaria through the application of its proprietary pDNA and rVSV platform,” according to its website.
SocialToaster, based in Woodberry, received $200,000 in funding from the Propel Baltimore fund, as Technically Baltimore reported Tuesday. According to founder Brian Razzaque, the Propel investment led the startup’s current bridge round of funding, with additional contributions from:
- The Maryland Venture Fund ($200,000)
- Blu Venture Investors, based in Virginia, and Oxpoint Holdings, also based in Virginia, and several other investors.
Razzaque said by e-mail that SocialToaster has raised $800,000 total in its bridge round, and hopes to raise another $200,000 by the end of this month en route to pursuing a $5 million Series B round ”most likely around the beginning” of Q1 of 2014. SocialToaster now employs 17 people full-time, and is a web startup and software platform that tries to convert businesses and professional sports teams’ social media followers into “brand ambassadors” as a means to drive website traffic.
Woofound, based in Middle River in Baltimore County, also received $200,000 from the Propel Baltimore fund, as Technically Baltimore reported. The $200,000 contributed to a larger round of $2 million that the startup just closed, with investment coming from, among others, Vince Talbert, cofounder of Bill Me Later, and Frank Bonsal, Jr., cofounder of New Enterprise Associates. Per the stipulations of the Propel Baltimore funding, Woofound is now looking for office space inside Baltimore city. The startup, which creates image-based personality tests for mobile and the web, employs 18 people full-time.
who’s making moves?
Password manager CommonKey has added a custom credentials feature to its Google Chrome extension that lets users save passwords for non-website logins, like FTP sites, and websites not detected by the Chrome extension. Read Technically Baltimore’s coverage of CommonKey.
Catonsville-based mobile and web development firm Mindgrub Technologies was contracted by Clark County, Nev., to create FloodSpot, a mobile application that alerts residents of current flood conditions and allows them to report flooded areas.-30-