Startups
Startups

Secure texting startup ArmorText just raised $1.9 million [Startup Roundup]

Plus: The region sees its first IPO of 2015.

ArmorText has you covered. (Photo by Flickr user real.tingley, used under a Creative Commons license)

WHO’S GETTING FUNDED?

McLean, Va.-based ArmorText, which secures text messages in the cloud, raised $1.9 million out of a $3.5 million offering, according to an SEC filing. It brought Neeraj Gupta, an executive at the Mountain View, Calif.-based Appcelerator, onto its board of directors.
Reston, Va.-based small business loan platform StreetShares (“Shark Tank meets eBay”) raised $375,000, according to an SEC filing.
RevSite.com, a mobile-enabled website design company based in Arlington, raised $1 million, according to an SEC filing.
Message Systems, an email software company headquartered in San Francisco and Columbia, Md., raised $27 million in debt and equity, according to a press release. CEO Phillip Merrick told Technical.ly DC in an email that the investment “will be used to further expand and develop our Sparkpost cloud email offering, which has already received a strong reception in the market. We continue to hire across all our U.S. locations, including Columbia, Seattle and San Francisco, and the staff growth will be fairly even across these locations.”
loop88, an Arlington-based marketing platform for Pinterest, raised $200,000 from a prospective $1 million round, according to an SEC filing.
Bowie, Md.-based Inovalon, a company that conducts data analytics through cloud software holdings, underwent the region’s first IPO this year. Here’s coverage from the Washington Business Journal, the Washington Post and the company’s press release.
https://twitter.com/WashBizClabaugh/status/565942569407098881

WHO’S MAKING MOVES?

LivingSocial sold Let’s Bonus, which operates in Spain, Portugal, Italy and Chile and was its last non-English language business, according to TechCrunch.
D.C.-based edtech company Always Prepped has been acquired by Portland-based Alma, according to a press release.

WHO’S GIVING STUFF AWAY?

ID.me, the online identity vetting company started by Army veteransannounced on Twitter:

Companies: StreetShares / ID.me / LivingSocial / Message Systems

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