Firm fighting financial exploitation of seniors raises $1.5M [Startup Roundup] - Baltimore


Jun. 25, 2014 10:21 am

Firm fighting financial exploitation of seniors raises $1.5M [Startup Roundup]

Plus: books for kids, site survey and back support. Here's what's going on in Baltimore's startup ecosystem this week.

Who’s getting funded?

Columbia-based Elderscan, doing business as eXscan, raised $1.5 million in debt, according to SEC filings. The firm offers bank account monitoring and other financial security tools to protect seniors.

Unbound Concepts posted an offering last week for $550,000 in debt, according to SEC filings. No buyers have been reported as of yet. The firm, a resident of the Emerging Technology Centers Highlandtown incubator, has developed an app that matches books to students based on grade level.

SurveySnap raised $50,000 in equity in a $150,000 offering, according to SEC filings. The Columbia company, an AccelerateBaltimore graduate, has developed an app to ease the site survey process.

The ARC, a device aimed at supporting the backs of everyone from office workers to gamers, was funded on Kickstarter last week, as Baltimore reported.

Who’s making moves?

Silicon Valley software giant Oracle bought Columbia’s Micros Systems for $5.3 billion, as Baltimore reported. The company will continue to operate independently, according to a release on the buyout.



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