(Photo by Stephen Babcock)
The end of the year is a time to think about what’s next for 2017, but it’s also worth reflecting on how we got here. We’re looking back at some of the themes that kept coming up in our coverage of Baltimore’s tech community in 2016. See the full list of 2016 trends here.
One indicator of a tech community’s progress is the investment money its early stage companies are taking in.
While venture capital was in some cases down overall in the state and there were a couple of larger B and C rounds from Contrast Security and Pixelligent, respectively, the 2016 trend was in the A round.
In terms of local investors, the Baltimore Angels doled out $1.6 million over 13 deals. And while they didn’t always disclose the amount of money being infused, Kevin Plank-backed Sagamore Ventures invested in companies such as Urban Stems, Workbench, Ready Robotics, Treason Toting and Bustin Boards.-30-
Bringing cybersecurity to small businesses, Ellicott City-based Huntress raises $18M Series A
Data security company Enveil raises $10M Series A, looks to hire
Silicon Valley firm makes majority investment in CadmiumCD
With $9.5M Series A, real estate startup Houwzer expands to Baltimore
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