Here's a look at Maryland's venture capital picture halfway through 2016 - Technical.ly Baltimore

Business

Jul. 15, 2016 11:57 am

Here’s a look at Maryland’s venture capital picture halfway through 2016

So far, the sky-high finish to 2015 hasn't continued.

Inside Blispay's offices at Natty Boh Tower.

(Photo by Stephen Babcock)

In the second quarter of 2016, Maryland posted the lowest total of venture capital investments in the last two years.

In all, investors piped in about $72.2 million to companies, according to the latest MoneyTree Report from PricewaterhouseCoopers LLP and the National Venture Capital Association. The data is provided by Thomson Reuters.

That’s down from nearly $110 million in venture investment in the first quarter, and the lowest statewide total since the $63 million recorded in the second quarter of 2014. That year ended up being the lowest of the last five years.

It’s perhaps a sign of capital raises coming back to Earth after last year’s record-setting raise from Tenable Network Security and the sky-high fourth quarter it fueled.

Baltimore city’s lone two companies on the state’s top 10 deals of the quarter were Blispay’s $12.75 million, and a $7 million infusion for WellDoc that was tacked on to the company’s $20 million Series B. Just outside the city, Cockeysville’s SafeOp Surgical raised $3.75 million, and Healthcare Interactive’s $3.4 million also made the list.

A handful of Baltimore city companies helped drive the higher first quarter total in the state, with a trio of Series A rounds from Allovue, Protenus and Terbium Labs and Harpoon Medical’s $3.9 million deal with Edwards Lifesciences.

Advertisement

The first quarter also saw deals with Sonatype and Fugue that each infused more than $20 million. Baltimore-baesd later-stage IT company Catalyst DevWorks also raised $11.5 million that quarter to round out the top three.

-30-
LEAVE A COMMENT

Advertisement

Health IT firm Audacious Inquiry lands investment from ABS Capital

In 2017, venture capitalists invested more money in fewer startups

Personal Genome Diagnostics closes $75M Series B, plans second Baltimore office

SPONSORED

Baltimore

How Think|Stack and Year Up are cultivating local tech talent

Baltimore

SmartLogic

Developer

Apply Now
Baltimore

Terbium Labs

Analyst

Apply Now
Owings Mills, Maryland

Mind Over Machines

Consultant (Software Developer)

Apply Now

Maryland startup gets investment from the intelligence community’s investment firm

Silicon Valley–based, cybersecurity-focused investment firm opens Maryland office

Report: Baltimore needs stronger financing system to bring more capital to startups

SPONSORED

Baltimore

Let these free workshops help your business really take off

Baltimore

Protenus

Data Engineer

Apply Now
Baltimore

Protenus

Front-End Developer

Apply Now
8 Market Pl, Suite #402, Baltimore, MD, 21202

PaRaBaL

Development Support Engineer

Apply Now

Sign-up for regular updates from Technical.ly

Do NOT follow this link or you will be banned from the site!