Business

Dec. 18, 2013 9:30 am

Pixelligent raises $3.8M in equity [Startup Roundup]

This is the Startup Roundup. Every Wednesday morning, Technical.ly Baltimore will put together the smaller pieces that make up our startup ecosystem.

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who’s getting funded?

Cytomedix Inc., based in Gaithersburg, Md., has raised $3 million in debt, according to SEC filings. The biotech company deals in “regenerative biotherapies,” using adult stem cell products to speed up patient recovery time.

Pixelligent Technologies, based in the Holabird Industrial Park, has raised $3.8 million in equity, according to SEC filings. The nanotechnology company develops nanocrystals for “applications in the electronics, semiconductor, and industrial markets.”

6th Street Inc., based in Kresson, has raised $962,128 in equity and debt, according to SEC filings. Founded in 2008, 6th Street is an e-commerce startup based out of the Emerging Technology Center‘s Haven Street location.

New Health Sciences Inc., based in Bethesda, Md., has raised $12.3 million in equity, according to SEC filings. The biotech company creates a “proprietary anaerobic storage system that minimizes oxidative damage to red blood cells” held in storage.

who’s making moves?

Gaithersburg-based biotech company MedImmune has signed a 5-year, $6.5 million research deal with the Johns Hopkins University, according to the Baltimore Business Journal. In September, MedImmune signed a similar deal with the University of Maryland, Baltimore.

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Andrew Zaleski

Andrew Zaleski is a freelance journalist in Philadelphia and the former lead reporter for Technical.ly Baltimore. Before moving to Philadelphia in June 2014, he was a contributing writer to Baltimore City Paper and a Tech Check commentator for WYPR 88.1 FM, Baltimore city’s National Public Radio affiliate. He has written for The Atlantic, Outside, Richmond magazine, Washington City Paper, Baltimore magazine, Baltimore Style magazine, Next City, Grist.org, The Atlantic Cities, and elsewhere.

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