o Enlightenment Capital Invests in Maryland-based iNovex o TEDCO Selects Recast Capital to Identify Underrepresented VC Fund Managers o Annapolis-Based Deep Water Point to Acquire McLean’s Wolf Den Associates
> Fundraising Webinar on 12/9/22 at 12 PM with KPMG & ICR Capital
For information on advertising options, click here. __________________________ o Enlightenment Capital Invests in Maryland-based iNovex
Chevy Chase, Md. – Enlightenment Capital, a Chevy Chase -based private equity firm focused on aerospace, defense and government technology, announced that it has made a strategic investment in iNovex, a Columbia, Md.-based provider of software and technology to intelligence agencies. Founded in 2005, iNovex provides cybersecurity, signals intelligence and data analysis to various intelligence entities. “This partnership provides iNovex with the financial and strategic resources needed to build a mid-tier Intelligence Community focused platform with a mission to support critical National Security programs,” said Jason Rigoli, a partner at Enlightenment Capital.
o TEDCO Selects Recast Capital to Identify Underrepresented VC Fund Managers
Columbia, Md – TEDCO, the Maryland state government technology economic development agency, announced that it has retained Recast Capital to identify 3-4 traditionally underrepresented early-stage venture capital fund managers. Recast will recommend the fund managers to invest up to $10 million for TEDCO under the Department of the Treasury SSBCI’s State Small Business Credit Initiative. Earlier this year, TEDCO announced that it had received $50 million in funding from the Treasury program. "Here at TEDCO, we know it takes time, effort and resources to truly foster an inclusive and entrepreneurial innovation ecosystem," said Troy LeMaile-Stovall, CEO of TEDCO.
o Annapolis-Based Deep Water Point to Acquire McLean’s Wolf Den Associates
Annapolis, Md. -- Deep Water Point, an Annapolis-based provider of federal management consulting and advisory services, said it will acquire McLean-based Wolf Den Associates, a consulting firm specializing in full lifecycle growth. Financial terms of the deal were not disclosed. The acquisition brings together two well-known consulting brands in the federal market. Wolf Den founders Barry Landew and Kevin Robbins, as well as CEO Kimberly Pack, will join Deep Water in unspecified roles.
> Fundraising Webinar on 12/9/22 at 12 PM with KPMG & ICR Capital
Raising capital can often have hidden costs such as:
o Conversion and dilution features that are complex
o Unintended accounting/financial reporting/tax consequences
o Incremental internal/external costs
o A deeper knowledge of these instruments will help companies better plan for meeting their future capital requirements.
On Friday 12/9/2022 at 12:00 pm ET, join KPMG’s Mike Petry & Svetlana Vallie and ICR Capital’s Raj Imteaz for a free hour-long webcast customized for CEOs, CFOs, VPs of Finance, founders, and others to understand the capital structure journey of a company from seed funding to IPO to financing future growth. Register here
o Briefly Noted:
(Washington, DC) The DC-based Fiber Broadband Association has named Marissa Mitrovich as its vice president of public policy. Mitrovich was most recently vice president of federal legislative affairs for Frontier Communications.
(Manassas, Va.) Manassas-based RapidFlight, which develops and builds unmanned aerial systems (UAS), said it has been awarded a grant from the City of Manassas for improvements to the facade of its corporate headquarters. In accordance with the grant guidelines, the company said it will continue to enhance the presentation of its facility on Center Street through initiatives ranging from exterior cosmetics and landscaping to signage and parking lot improvements. RapidFlight established operations in Manassas in 2021.
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> Fundraising Webinar on 12/9/22 at 12 PM with KPMG & ICR Capital
Raising capital can often have hidden costs such as:
o Conversion and dilution features that are complex o Unintended accounting/financial reporting/tax consequences o Incremental internal/external costs o A deeper knowledge of these instruments will help companies better plan for meeting their future capital requirements.
On Friday 12/9/2022 at 12:00 pm ET, join KPMG’s Mike Petry & Svetlana Vallie and ICR Capital’s Raj Imteaz for a free hour-long webcast customized for CEOs, CFOs, VPs of Finance, founders, and others to understand the capital structure journey of a company from seed funding to IPO to financing future growth. Register here
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