More Baltimore startups got venture capital investment in 2014 than the previous year. Overall, however, the total amount of money invested was down.
That’s the takeaway from an analysis reported in the Baltimore Business Journal Friday morning.
A total of 26 local startups received VC investment in 2014, while 15 received money in 2013, the report states. Videology’s $60 million raise in 2013 pumped up the number for that year.
According to BBJ, Jones Lang LaSalle (JLL) reached that conclusion by analyzing data from the MoneyTree report, by PricewaterhouseCoopers and the National Venture Capital Association.
JLL, a commercial real estate firm, tells BBJ that the report indicates more Baltimore startups are looking for space. A rep from the firm points to Millennial Media and OrderUp as funded startups that have recently moved into “cool tech office” space. They’re both located in the Can Company building in Canton.
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