MD registers $104.23M in venture capital funding for Q3 of 2012

The state of Maryland netted five venture capital deals totaling $104.23 million in Q3, according to a report from CB Insights.

Overall, venture capitalists made 835 different investments totaling $7.5 billion, an amount that puts venture capital funding as a whole in 2012 on pace to be less than it was for all of 2011. Or, as CB Insights puts it, while the volume of VC deals continued to climb in Q3, making it the “most active quarter” since the dot-com days in terms of “deal activity,” overall VC funding is down 6 percent year-over-year.
One interesting trend came in the area of seed investing, which represented 31 percent of all VC deals in Q3. From the CB Insights report:

Seed VC is a low risk call option for most VCs. If all  Seed VC deals failed, it would be the equivalent of a single medium-sized VC fund going out of business. That happens all the time and presents no risk to the entire VC ecosystem. [more]