Despite doom and gloom predictions of a pending recession, many local startups received love from investors in February.
The biggest recipient was McLean health care staffing startup ShiftMed, which pulled in a whopping $200 million to continue building out a platform that connects health care organizations — many of which are chronically short-staffed — with clinical workers. Atlanta venture capital firm Panoramic Ventures led the funding round, with participation from Richmond’s Blue Heron Capital and Baltimore’s Audacious Capital.
Another human resources startup, Gaithersburg’s VirgilHR, pulled in $1.5 million to build out its tech platform that gives companies instant guidance on employment and labor laws.
Motor, an Arlington electric car leasing startup, and Nevly, a D.C. fintech, raised millions to build out consumer apps. Motor pulled in $7 million to roll out its app in new markets, while Nevly raised $1.25 million to launch an app that aims to help low- and…
Read the full story from the Washington Business Journal.
