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Money Moves: A Caribou Becomes a Unicorn with $115M Series C

Money movements is a column where we chart the fundraising of tech companies in the region. Do you have any advice? Email us at [email protected]


Caribou raises $115 million

Caribou Financialthe DC auto finance and auto insurance company formerly known as Motorefijust landed an oversubscribed $115 million Series C that Goldman Sachs Asset Management LEDs. With the funds, the company reaches a valuation of $1.1 billion, making it a unicorn.

New investors Innovius Capital and Harmonic participated in the funding round alongside existing investors Partner in crime, CMFG Ventures, Curq Fund, Firebolt Ventures, Gaingels, modern companies and Motley Fool Ventures, among others also participated in the round. The new funding follows a $50 million Series B round from May last year, which Goldman Sachs also led. The company has raised $190 million since its inception in 2016.

“We put people in control of their automotive finances, saving them thousands of dollars in a quick and easy process,” said Caribou’s CEO. Kevin Bennett in a report. “We are proud of what we are building and grateful to have such a talented team and a group of experienced investors who support our vision. We’ve only just started.”

Nisos raises $15 million in Series B

Nisosan Alexandria, Va.-run intelligence firm raised $15 million in a Series B round, the company announced today.

Cybersecurity investor Paladin Capital Group led the round alongside existing investors Capital of Colombia and Capital Skylab. According to Nisos, the funds follow a 60% increase in headcount and a 140% increase in bookings year-over-year for the first quarter. With the new funds, the company will refine its Nisos Intelligence Platform, accelerate the management and development of products, boost its marketing and develop its workforce. To date, the company has raised $33 million since its inception in 2015.

CEO of Nisos David Etue Told Technically that the funds will allow the team to bring its solutions to a wider range of customers and solve more security problems.

“Despite vendor promises to the contrary and significant expense, security and intelligence teams find themselves in possession of threat data – not intelligence – rendering them unable to answer critical questions to combat motivated and sophisticated adversaries” , said Etue. “Even mature business intelligence programs have a range of needs, from risk monitoring to custom information requests to integrations with internal systems. Nisos believes these needs can only be met with an analyst-led approach that combines people, process and technology.

Inspiration Mobility lands $215 million

DC-based Mobility Inspirationa startup creating a sustainable infrastructure platform for electric vehicles, raised $215 million in fresh funding. Macquarie Asset Management and Ferrovial SAboth new investors, led the financing round together with ArcLight Capital Partners.

In November, ArcLight also announced a separate $200 million investment in the company to help set it up, bringing the total raised since its inception last year to $415 million.

Along with the funding news, the company also named Gary Gadden as Senior Vice President and Head of Fleet Sales and Chris Getnerformerly of Arlington, Virginia WireWheelas the new CTO.

“Now more than ever, fleets need a fully integrated partner to facilitate their transition to electric. The combination of our team, operating structure and available capital provides a single, integrated solution for fleets seeking to overcome the costs and complexities of electrification,” said Josh Green, founder and CEO of Inspiration, in a statement. “This new capital will allow us to accelerate the transition to clean electric fleets that reduce costs for our customers while playing a major role in reducing greenhouse gas emissions.”

Here’s who else is studying this month:

  • DC Capital Partner Managementa private equity firm, has made a controlled investment in Valkyrie Enterprises, a defense engineering company based in Virginia Beach, Virginia. Through the agreement, DC Capital’s portfolio company Hill Technical Solutions will merge with Valkyrie.
  • the Virginia Innovation Partnership Corporation (VIPC), the state’s funding entity, announced that 15 pre-seed companies are sharing $950,000 in funding. They are the following:
    • Applied impact robotics
    • BCM Strategy
    • CybrBaseName
    • Evizia
    • Tunable
    • Happy active family
    • industrial intelligence
    • Kinometrix
    • Medical infusion
    • Worldwide resale
    • Royelles
    • SylLab systems
    • Team excel
    • Terralive
    • Transfoam
  • VIPC also announced an investment in Jukebox Magazinea Norfolk, Virginia company that has developed a digital magazine rack.
  • Tysons Corner, Virginia Spectrohmwhich is developing inspection technology for mail and packages, raised a $2 million funding round led by CVHC. Good growth capital, RavenTek, J. Hunt Holdings, Dragon Ventures and Klein Venture Partners also participated in the tour.

Mergers

  • Herndon, Virginia ManTech Internationala security technology company, was acquired by carlyle for $4.2 billion in an all-cash transaction.
    • “This announcement is an important milestone for ManTech and a testament to our growth and the leadership position we have built since our inception by George Pedersen over 50 years ago,” said the CEO and President of ManTech Kevin Phillips in a report.
  • Centerville, Virginia-based defense technology contractor Parsons acquired Xator, a Reston-based infrastructure technology company for defense agencies. The transaction is valued at $400 million.

Government contracts

  • Based in Arlington Excellaan Agile technology company, won a five-year multi-award contract from the Department of Defense Joint Artificial Intelligence Center with a cap of $241 million. The company will provide project and program management, data science, data engineering, software development, data governance and cloud integration.
  • let’s stay Gold Key Groupwhich develops workforce development solutions, has landed a first multi-award contract from the Office of Human Resources Operations and Services. The company will develop technologies for talent management, hiring and more.
  • Accenture Federal Servicesbased in Arlington, won a three-year, $175 million contract for crowdsourcing and other solutions for Nasa.
  • DC-based sounda systems integration for technical and management technologies, won a $90 million managed service provider contract with the DC Office of the Chief Financial Officer. Through the contract, he will help the city gain quicker and easier access to temporary talent. The deal is worth $10 million through September this year and $20 million through 2026, for a total of $90 million.

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