While the rest of us were planning our Halloween festivities, D.C.’s tech hub was making some monstrous deals and announcements last week. Read on for the latest news. This is the Built In DC weekly refresh.
Edtech leaders Anthology and Blackboard merged. Reston-based Blackboard provides a classroom and student assignment platform for teachers in higher education and grades K-12. Anthology, on other hand, works with colleges and universities in 80 countries. The new company, which goes by Anthology, plans to create a comprehensive ecosystem for edtech solutions. [Built In DC]
Mission Lane brought in $470M. The company offers products that help people build or rebuild their credit and improve their financial lives. The funding comes as $320 million in debut asset backed securitization and $150 million in redeemable preferred equity. This inaugural transaction marks Mission Lane’s first step to becoming a programmatic issuer in the securitization market. [Business Wire]
D.C. Tech Quote of the Week
ShiftMed raised $45M. The leading healthcare staffing platform connects healthcare facilities with nurses looking for open shifts. With the funding, ShiftMed plans to expand its national footprint and continue to build its suite of products. [Built In DC]
PediaMetrix’s app received FDA approval. The SoftSpot app allows parents and pediatricians to measure and monitor infant’s heads, something that is particularly important for managing cranial deformities. This is the first mobile app to receive FDA approval for cranial measurement. [Built In DC]
These D.C. tech companies went public this year. Five DMV tech companies went public this year, almost half of which were done through SPAC mergers. The companies include Privia Health, Xometry, IronNet Cybersecurity, IonQ and just last week Fluence Energy. [Built In DC]