Majority of VC money invested in D.C. region in Q1 went to software firms - Technical.ly Baltimore

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Apr. 18, 2014 11:15 am

Majority of VC money invested in D.C. region in Q1 went to software firms

New data from The MoneyTree Report shows that VC firms poured $133 million of a total $217.5 million invested in the Washington, D.C., metropolitan region into software companies.

Software firms hit it big with venture capitalists to start off 2014.

New data from The MoneyTree Report shows that VC firms poured $133 million of a total $217.5 million invested in Q1 in the Washington, D.C., metropolitan region into software companies. And of that $133 million, $128 million went to just six companies, four of which were software firms.

The D.C. region represented in the report includes startups in Baltimore, edtech startup Citelighter and health IT startup WellDoc among them.

The report is from PricewaterhouseCoopers and the National Venture Capital Association based on data provided by Thomson Reuters.

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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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