When it comes to venture capital investments in Maryland companies, the state had its best quarter in nearly 10 years to close out 2015.
That’s according to a report issued Friday by PricewaterhouseCoopers (PwC) and the National Venture Capital Association (NVCA), based on data from Thomson Reuters. The report comes out nationally every quarter, but the year-end report proves to be a particularly useful snapshot.
Here are five insights we gleaned:
1. Highest since 2006
The last time companies were raising money like this, Miley Cyrus was still Hannah Montana. Maryland companies reeled in a total of $451.3 million in 14 deals, the report states. That’s the highest total since the second quarter of 2006, when 33 deals netted $406.3 million. Fun fact: The Q4 2015 total also beats out yearly investment totals for 2011, 2012 and 2014.
2. Tenable was a huge factor, but it was still a strong finish
More than half of the big number for the last quarter of 2015 came from Tenable Network Security’s record-breaking $250-million Series B round. But even if you back that off, it’s still higher than the totals for each of the first three quarters of 2015.
Read more at Technical.ly Baltimore
from http://baltimoretech.org/news/5-things-to-know-about-marylands-kickass-quarter-in-vc-funding/
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