This article was written by Adam Henry, CEcD, Senior Business Development Manager for Arlington Economic Development.
While Q2 2022 showed some headwinds in venture capital raises and the IPO market, Arlington-based companies continued to raise venture capital at a steady rate to launch and grow their innovative products and services.
In total, Arlington-based companies saw eight venture capital raises totaling $166 million in funding. This represents a 60% increase in deal count and a 29% increase in funding from Q1 2022. Notable raises from this quarter include:
- Arlington-based Federated Wireless, a provider of shared spectrum and CBRS technology, raised an additional $14 million in Series D funding to help scale the company’s platform and support further investments in its capabilities and partnerships, bringing the total raised in the round to $72 million.
- Ryse Health, an Arlington-based startup that provides care offerings to diabetes patients, raised $3.4 million in seed funding to hire more employees and expand its service into new markets.
- OxiWear, an Arlington-based health tech startup, secured $70,000 from Halcyon Angels, an early-stage investing network from Washington, D.C. social impact nonprofit Halcyon. That comes not long after OxiWear collected its second $100,000 investment from the nonprofit’s separate Halcyon Fund.
Since Q2 2020, Arlington-based companies have raised $995.2 million in venture capital across 63 deals. From Q3 2021 to Q2 2022, Arlington-based companies have averaged $143 million in venture capital raises per quarter.
Looking at the North American landscape of venture capital, Q2 2022 saw a decrease in deal count from Q1 2022. According to the National Venture Capital Association’s Pitchbook-NVCA Venture Monitor, the US venture capital ecosystem in Q2 2022 saw a total of 3,374 deals, a 24.5% decrease from the 4,467 deals logged in Q1 2022. Further, the top four markets in the US (Bay Area, New York, Los Angeles and Boston) have captured 68% of deal value through the first two quarters of 2022. Metro D.C. has logged a total of 230 venture capital deals totaling $2.3 billion thus far in 2022.
While global economic trends in inflation, supply chain, tightening labor markets and predictions of a possible recession show signs of affecting the venture capital and big tech industries, Arlington-based companies continue a steady trend in venture capital.
This is a testament to our community and regional strength in innovation and talent to spin out new products and services.
Good Thursday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…
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About Latinas Leading Tomorrow (LLT): Latinas Leading Tomorrow is a dynamic 501(c)(3) nonprofit organization dedicated to empowering young Latina women through education, mentorship, and leadership development. We are committed to fostering a community of future leaders who will make a significant impact to the community.
Job Description: We are seeking a passionate and dedicated Part-time Executive Director to lead our organization into its next phase of growth and impact. The ideal candidate will be a visionary leader who can oversee day-to-day operations, drive fundraising efforts, and cultivate relationships with stakeholders. This is a 1099 position; Remote position with ability to attend DMV events; 8-10 hours a week; $35-40/per hour.
Oversee program operations, including educational and community initiatives.
Ensure compliance with legal and regulatory requirements, maintaining trust and accountability.
Develop and execute a strategic vision aligned with our mission and values.
Lead fundraising efforts in partnership with the Board Members.
Cultivate relationships with community partners, schools, educators, and donors.
Demonstrate strong leadership skills, fostering a positive organizational culture.
Communicate effectively with diverse stakeholders and make compelling public presentations.
Promote inclusivity and collaboration throughout the organization.
Children’s Weekday Program (CWP) is a non-profit preschool rooted in a play-based philosophy. We focus on developing a love of learning and exploration, cooperation, empathy, and independence.
Our caring and experienced educators create opportunities for children 16 months to 5 years old to play, learn, and grow in a nurturing environment of child-centered and developmentally appropriate experiences.
Initially established more than 50 years ago in South Arlington, CWP continues to be a lauded program in the Northern Virginia area. We are extremely proud to have been recognized as a Best Preschool in Northern Virginia Magazine for the last 4 years.
Located now in North Arlington at 2666 Military Road, CWP offers a part-time parents day out and preschool program with options to extend care both before and after school. We offer a supportive and inclusive school community for children and parents alike and welcome all families to join our school!
Holiday Art Show featuring artists: Peter Fitzgerald, Claire Plante, Alanna Rivera, and Suzy Scollon. At the Barcroft Community House, 800 South Buchanan St., Arlington, VA. Dec. 8 from, 2 PM to 8 PM and Dec. 9 from 10 AM to