Startups
Startups

Parent company of Surefire Social raises $1 million [Startup Roundup]

Plus: Sweetgreen closes another major funding round.

GenNext Media raised $1 million in debt. (Screenshot via surefiresocial.com)

WHO’S GETTING FUNDED?

Grotech Ventures, a Vienna-based VC firm that has invested in local companies including Optoro, has raised $200 million for a new fund called Grotech Ventures III, according to an SEC filing.
Sweetgreen, the Chinatown-based salad fast casual restaurant chain, has raised $35 million. Founded in 2007 by three Georgetown students, the company just raised a $18.5 million Revolution-led round in NovemberTechCrunch has the details.
Senseware, a D.C.-based company that makes consumption monitoring sensors for homes and buildings, raised a $1 million seed round, the Washington Business Journal reports.
Arlington cybersecurity company Distil Networks has raised $21 million in a Series B round, the Washington Business Journal reports.
McLean-based Verodin, a stealth-mode cybersecurity startup founded by engineer Christopher Key, has raised $2 million from a prospective $2.6 million round, an SEC filing indicates.
Reston-based marketing agency GenNext Media, the parent company of Surefire Social, raised $1 million in debt, according to an SEC filing.
Bethesda-based Snipp Interactive, a rewards platform for brands, has raised $8.5 million, according to an SEC filing.

WHO’S MAKING MOVES?

Mark Walsh has joined the board of Reston-based Canvas.
AddThis has calculated that its website tools have been loaded 1.1 trillion times in a year.
Eastern Foundry plans on opening up a new outpost on K Street this fall, DC Inno reports.
LivingSocial welcomed DIRECTV executive VP Paul Guyardo to its board of directors.
College Park-based company FlexEl, a University of Maryland spinoff that makes supple, custom batteries, announced plans to open a new R&D and manufacturing center in Prince George’s County.

Companies: Eastern Foundry / Canvas / Grotech Ventures / University of Maryland / AddThis / LivingSocial

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

Major state funding boost means more Maryland college students can get tech internships

Cal Ripken Jr. essay: The MLB legend explains his drive to build STEM centers in schools across the nation

From quantum to biotech, meet this year’s Maryland Tech Council ICON nominees

Tech companies spent over $342M on lobbying while laying down stakes in DC

Technically Media