18 ; INC. ; OCTOBER 2019 ; ; ; ILLUSTRATION BY JULIA ROTHMAN
RECENT EXI TS
; Event-organizing platform Social Tables
to Cvent, for a reported $100 million (2018)
; Cloud-computing startup Appian in an initial
public offering, for $75 million (2017)
; Analytics software maker Applied Predictive
Technologies to Mastercard, for $600 million
$30 million Cava
(fast-casual Mediterranean restaurants)
$190 million EverFi
(digital learning platform)
$164 million Mapbox
(open-source mapping platform)
; EverFi, an 11-year-old
education platform backed
by Amazon’s Jeff Bezos and
former Alphabet CEO Eric
Schmidt, teaches real-world
skills like financial literacy
in addition to standard
; In April, Framebridge
announced a $46.5 million
Series C round, bringing
funding to $82.1 million.
custom framing startup is
taking on a $4 billion
; Optoro helps retailers
resell excess and returned
by Tobin Moore, Adam
Vitarello, and Justin Lesher
in 2010, the startup has
raised $200 million.
43.9% Portion of women in managerial positions in D.C.
COMPANIES TO WATCH
; Georgetown U grads don’t stray far from
campus to start companies, creating a hub
among the Georgetown neighborhood’s
colorful row houses and high-end boutiques.
Fast-casual salad company Sweetgreen
launched close to Georgetown Cupcake, and
the nonprofit Halcyon House (
headquartered in a haunted mansion) helps early-stage entrepreneurs with social missions.
; If salad and cupcakes don’t cut it, head to
NoMa (North of Massachusetts Avenue).
This hotbed of eatery innovation hosts
culinary accelerator Union Kitchen, watering
holes like Red Bear Brewing Co., and
Union Market, a 40-plus-vendor hall
packed with food stalls and funky shops.
; Home to grocery app Basket and stock
media startup Storyblocks, Arlington, Virginia, boasts low tax rates and Amazon’s
coming HQ2 to stoke a warm entrepreneurial
scene, says Jeff Reid, founding director of
Georgetown Entrepreneurship Initiative.
The Destination Washington, D.C.
Inc.’s No. 19 Surge City is known for its government agencies, its
cybersecurity firms, and Amazon’s forthcoming HQ2. But the capital’s
startup scene is much more eclectic. By Emily Canal