D.C.-area startups across sector, size and stage raised new funding at a steady clip in June.
At the highest end of the spectrum, Reston’s Electrify America LLC raked in $450 million and Bethesda’s Aledade Inc. grabbed $123 million to further fuel its expansion.
But the smaller rounds were no less important: Bethesda’s Collage Group raised $25 million, D.C.’s cove took in $10 million, the District’s Meaningful Gigs raised $6 million and Chevy Chase’s Dorvie Inc. secured $2.6 million.
Some activity came from local backers, including Halcyon’s investment vehicles, which supported Rockville’s JuneBrain Inc. with a $235,000 pre-seed round and Arlington’s OxiWear Inc., which is closing in on a $1 million bridge round.
Then there was D.C.’s Socially Determined — which, as we first reported, secured the bulk of its Series B funding earlier this month. The company then ended June by closing the round at a total of $26 million.
That Series B round, led by the nearby…
Read the full story from the Washington Business Journal.
