Growth companies eye more growth: No. 2 Baltimore tech trend of 2016 - Technical.ly Baltimore

Business

Dec. 30, 2016 10:35 am

Growth companies eye more growth: No. 2 Baltimore tech trend of 2016

A fair portion of Baltimore's more established tech companies made moves to shore up their futures.
R2integrated’s Inner Harbor office.

R2integrated's Inner Harbor office.

(Courtesy photo)

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.


Creating new companies is a big focus of economic efforts. With the fast pace of startups and potential for big returns, that’s understandable. But it’s also worth remembering the importance of the businesses that are already around. They may seem boring, but they tend to employ more people and raise larger amounts of funding than the early stage companies. Plus, revenue!

In 2016, we saw these bigger companies put pieces in place to plan for the future.

Agencies were one area where this was evident. R2Integrated is looking to make acquisitions after a majority investment from Baird Capital. Planit opened new space in Locust Point and Jellyfish is growing its Inner Harbor office as the base of its U.S. operations.

Elsewhere, tech and product companies that have been around for a while got new funding to get bigger. Catalyst DevWorks, the older of Michael Rosenbaum’s two companies, raised $11.5 million to open more offices. On Holabird Ave., Pixelligent raised a $10.4 million Series C as it looks to further the market for its nanocrystal technology. Camden Yards-based fintech company eOriginal is looking to hire after a $26.5 million investment round. And Straighterline grew its team amid further recognition of its online college courses from the federal government.

Advertisement

As the year turns over, there are once again rumblings about an IPO at Laureate Education, indicating this trend could continue into 2017.

-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Camden Partners leads $6M funding round for Techtonic

Healthcare startup Gemstone Biotherapeutics gets Maryland Momentum Fund investment

Maryland VC totals ‘rebound’ with $226M raised in Q2

SPONSORED

Baltimore

How this lawyer is helping entrepreneurs bark up the right tree

Philadelphia, PA

Vistar Media

QA Engineer

Apply Now

Philadelphia, PA - Center City

Odessa

Business Architect

Apply Now

Philadelphia

Vistar Media

Sr. Software Engineer

Apply Now

Baltimore’s ABS Capital Partners leads $23M Series A for Florida cybersecurity company

eBay founder’s Omidyar Network invests in Baltimore-based Terbium Labs

Where Baltimore factored into that ’60 Minutes’ feature on Rise of the Rest

SPONSORED

Baltimore

Get to know SmartLogic’s culture of plants, podcasts and productive client relationships

Philadelphia

Vistar Media

Front End Engineer

Apply Now

Baltimore, MD

14 West

Qlik Developer

Apply Now

Baltimore, MD

14 West

Senior Qlik Developer

Apply Now

Sign-up for daily news updates from Technical.ly Baltimore

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