VC firms invested $1.5B in regional startups in 2013 - Technical.ly Baltimore

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Jan. 17, 2014 8:15 am

VC firms invested $1.5B in regional startups in 2013

A new MoneyTree Report shows that some of that funding found its way to Baltimore city-based startups.

Baltimore at dusk.

(Photo by Flickr user Kathleen Tyler Conklin, used under a Creative Commons license)

New data from The MoneyTree Report shows that venture capital firms invested more than $1.5 billion in the Washington, D.C., metro region over the course of 2013. Baltimore is included in those figures.

That $1.5 billion is more than double the amount invested by venture firms in the D.C. metro region in 2012, and it marks the “highest annual dollar total for the region since 2001,” according to a press release. (Which might be an early signal of a bubble, or more evidence of a continuing Series A crunch as startups funded in the early stages have trouble raising subsequent rounds of money.)

The report, from PricewaterhouseCoopers and the National Venture Capital Association based on data provided by Thomson Reuters, shows that some of that money made its way to several Baltimore city-based startups, including:

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Andrew Zaleski

Andrew Zaleski is a freelance journalist in Philadelphia and the former lead reporter for Technical.ly Baltimore. Before moving to Philadelphia in June 2014, he was a contributing writer to Baltimore City Paper and a Tech Check commentator for WYPR 88.1 FM, Baltimore city’s National Public Radio affiliate. He has written for The Atlantic, Outside, Richmond magazine, Washington City Paper, Baltimore magazine, Baltimore Style magazine, Next City, Grist.org, The Atlantic Cities, and elsewhere.

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