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


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:

Andrew Zaleski

Andrew Zaleski is a freelance journalist outside Washington, D.C. He's written for Wired, Backchannel, Popular Science, Fortune, the Washington Post Magazine, the Atlantic and elsewhere.


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