Southeast VC

WeddingWire Raises $25 Million

Congratulations to the team at WeddingWire. Two days ago, WeddingWire announced they raised $25 million from Spectrum Equity. 

We met Tim Chi CEO of WeddingWire at one of our Entrepreneurs' Breakfasts in Reston Virginia over 5 years ago now. We kept up a great relationship over the years and finally invested a little over a year ago. 

Recently they were named to the Inc 500 list.

The company is in Bethesda Maryland and their 150+ employees are moving by the end of the year into new space in Chevy Chase. 

And the company continues to hire. Check out their open positions here.

BrightContext

We announced our investment in Arlington, Va-based BrightContext. They provide a cloud based platform to filter and perform calculations on streams of data in-flight and they power real time data communication in apps. This is our third seed investment from Fund II and our fourth investment in the Mid-Atlantic region.

We've known John Funge and Leo Scott the two co-founders of BrightContext for over 5 years. John and Leo built two successful technology companies, both being acquired by larger public companies.

We originally met John at one of our Enrtrepreneurs' Breakfasts at Panera in Reston, Va. My partner David stayed close to John after that. Maybe even glued to him. Interestingly enough, it was the same breakfast we met Tim Chi, CEO of WeddingWire, another SCV portfolio company.

The company stayed in stealth mode for a bit, but launched at TechCrunch Disrupt last week in San Francisco. Check them out here.

 

 

 

So, congratulations to the team at BrightContext. We are a very proud investor.