Baltimore Angels / Investing / Startups / Technology

MD suburbs of D.C. among leading venture capital area codes

As startup activity moves from the suburbs to the cities, venture capital deals follow.

The number of VC deals by area code. (Map by Zara Matheson of the Martin Prosperity Institute.)

From the Atlantic Cities comes a list of the top 25 area codes for venture capital deals in the U.S. Among the top 25:

  • the Northern Virginia suburbs of Washington, D.C., at number 14, with 60 VC deals
  • and the Maryland suburbs of D.C., at number 25, with 28 venture capital deals

After analyzing and mapping venture capital deals, in terms of the number of deals and the money trading hands, the Atlantic Cities post argues that what’s happening in the tech world now is an “ongoing shift in venture capital and startup activity from a long-standing focus in suburban areas to urban neighborhoods.”
In Baltimore, there appears to be a similar trend, albeit on a much smaller scale. The Baltimore Angels, a city-based angel investing group, has made a bigger commitment toward investing dollars in city-based startups, for instance.
And through its Propel Baltimore fund, the Maryland Technology Development Corporation (TEDCO), invests directly in Baltimore-based companies (or startups that are willing to relocate to Baltimore). The first $100,000 investment from that fund, to the online music lesson startup BandHappy, was made in April.

Companies: BandHappy / TEDCO

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