The first week of the year got off to a great start on the D.C. tech front. From new hiring announcements at Amazon’s upcoming Arlington HQ2 to a $750 million acquisition from Blackbaud, 2022 is already turning out to be an exciting year of growth. Read on for the latest news. This is the Built In DC weekly refresh.
Amazon is hiring for a new team. The new Nazaré Project team will build the financial management systems for Amazon’s Global Engineering Services (GES). The e-commerce is giant building its HQ2 in Arlington and plans to have the new team stationed out of the new office as well as its hub in Hyderabad, India. The multi-year project is hiring for a number of job functions including product management, software development, engineering, UX design, change management and more. [Built In DC]
Whitebox raised $20M. The new funding brings the company’s total capital raised to nearly $50 million since launching and adds investor Delta-v Capital’s Wali Bacdayan and Garrett Marsilio to its board of directors. Whitebox makes selling products online easy by checking labels on products and photographing and listing the items for sale on websites like Amazon and eBay. The fresh funding will be used to enhance Whitebox’s e-commerce platform and hire additional staff. [Built In DC]
D.C. Tech Quote of the Week
Blackbaud acquired EVERFI for $750M. The cloud software solutions company that focuses on fundraising, marketing, finance, grantmaking, analytics and other social good tools hopes to use the acquisition to strengthen its social impact tech. EVERFI, an “impact-as-a-service” pioneer, helps organizations across the private, public and social sectors respond to today’s social challenges. The organization offers free online courses in health and wellness, mental health, DEI, digital wellness and other social impact educational programs. [Built in DC]
These D.C. tech companies raised $2.4B+ in 2021. Investment in these 10 D.C. tech companies totaled more than $2.4 billion, combined. Several of these funding rounds also launched companies into the unicorn club with valuations over $1 billion. Leading last year’s funding raises in the DMV was Ankura followed by Fundraise and Robotic Research. There were also three companies tied for fifth place. [Built In DC]
Basys and ISSI merged. The two companies will continue to operate under their respective brands. Together they offer a variety of software solutions to employee benefits such as health and pension processing, office administration, health and wellfare plans, 401(K) plans and more. [PR Newswire]
MeetingPlay and Aventri merged. The two event software companies announced the merger as well as a growth equity investment of an undisclosed amount from Sunstone Partners and Camden Partners. Eric Lochner was also announced as the new CEO of the combined company. Together, Frederick-based MeetingPlay and Connecticut-based Aventri plan to offer capabilities like event marketing, a virtual and hybrid event platform and a mobile app. [Business Wire]