This article was written by Adam Henry, CEcD, Senior Business Development Manager for Arlington Economic Development.
This month Arlington Economic Development is celebrating innovation month — a time to celebrate all the innovative companies that call Arlington home.
Coming off a record-breaking year for venture capital investment in the United States, the first quarter of 2022 showed a lot of promise for Arlington-based companies seeking capital to launch and grow their innovative products and services. In total, Arlington-based companies saw five venture capital raises totaling $129.2 million in funding. Notable raises from this quarter include:
- Arlington-based Federated Wireless, a provider of shared spectrum and CBRS technology, raised $58 million in Series D funding to help scale the company’s platform and support further investments in its capabilities and partnerships
- Shift5, an operational technology cybersecurity company, raised $50 million in Series B funding to protect against increasing cyber-physical threats targeting planes, trains, and weapon systems
- Bear Analytics, a technology company that provides an insights-as-a-service (IaaS) solution for event tech providers, event organizers and brands, raised an undisclosed amount from Virginia Innovation Partnership Corporation
- And Arlington-based Delorean Power, a utility-scale energy storage development company, raised $20 million in funding from Greenbacker Capital to further scale its platform while continuing to execute and expand on its existing pipeline of energy storage projects
Since 2020, Arlington-based companies have raised $829.6 million in venture funding across 54 deals. Funding for local companies remained robust for the last three quarters, as over $125 million was raised in Q3 2021, Q4 2021 and Q1 2022, respectively.
Looking at the North American landscape of venture capital, startup investments declined by 11 percent in the first quarter of 2022, the first decline in nearly two years according to Crunchbase. The most notable decrease comes from early-stage investments (Series A and B).
According to Crunchbase, “Investors put a total of $26.3 billion into early-stage startups in North America in Q1, down 22 percent from the prior quarter.” According to the National Venture Capital Association’s Pitchbook-NVCA Venture Monitor for Q1 2022, Metro DC logged 94 venture deals totaling $1.78 billion this past quarter, up slightly from 95 deals with a total value of $1.1 billion in Q4 2021. Nationally, NVCA estimates that the United States saw 4,822 deals totaling $70.7 billion in Q1 2022.
As the innovation ecosystem continues to grow in Arlington, access to venture capital will remain a critical component to further establishing the community as a nationally recognized hub for innovation in the United States.
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Synetic Theater Camps are a wildly fun, highly accessible choice for young people who love moving, playing games, and making memories. Registration is open now for Summer Camps (sessions June 20-August 25) and there are even a few spots left for Spring Break camp, April 3-7.
Located in National Landing, these performance-based camps are designed for students of all ages – no theater or performance experience required.
Led by professional teaching artists, campers learn acting, movement, and technical theater skills through the lens of Physical Theater. Physical Theater incorporates acting, movement, dance, mime, and acrobatics. If you’ve seen a Cirque du Soleil performance, you’ll find many similarities.
Most first-time campers are new to the performing arts, and teaching artists are well-versed in engaging students at all levels. Parents and campers report that one of the best parts of Synetic is the community, with many families returning year after year because they feel a strong sense of belonging.
EDBS Dental Billing Solutions is pleased to announce that it has achieved compliance with the federally mandated standards of the Health Insurance Portability and Accountability Act (HIPAA) through the use of Compliancy Group’s proprietary HIPAA methodology, The Guard® compliance tracking software, and HIPAA Seal of Compliance®.
The HIPAA Seal of Compliance is issued to organizations that have implemented an effective HIPAA compliance program through the use of The Guard, Compliancy Group’s proprietary compliance tracking solution.
Clients and patients are becoming more aware of the requirements of HIPAA compliance and how the regulation protects their personal information. Forward-thinking providers like EDBS Dental Billing Solutions choose the HIPAA Seal of Compliance to differentiate their services.
“Since the nature of our business being exclusively remote, we take HIPAA compliance very seriously. With the help of Compliancy Group, we are able to take steps to fortify our systems to protect PHI information and familiarize each employee about HIPAA and how we can further safeguard PHI data.” said EDBS Dental Billing Solutions founder Goldie De Leon.
WHS Spring Festival
Join us at the WHS Spring Festival on April 22, 2023, from 10am- 3pm at Wakefield High School(main parking lot). Come out to shop, play, and eat!
Shop local vendors, arts & crafts, new and used items, food vendors/trucks, and
District 27 Toastmasters 2023 Virtual Conference
District 27 Toastmasters invites you to its annual conference where you can hear phenomenal speakers, attend professional development and personal growth seminars about leadership, negotiation, communication, teamwork, and mentorship. Learn how to develop your personal story and how to improve