Baltimore-area companies accounted for eight of the 10 biggest venture capital deals in the state during the first quarter of 2016.
Maryland companies raised a total of $109.8 million in 19 deals during the first quarter, up from $97 million invested in 14 deals the same quarter last year, according to a MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters. The amount invested in Maryland is up 13 percent and the number of deals is up 36 percent, compared to the year-ago quarter.
Venture capital investing in Maryland bucked the national trend, according to the report. Nationwide, both the number of deals and the total amount invested are down about 11 percent in the first quarter of 2016, compared to the same quarter last year.
Read more at Baltimore Business Journal
The post Baltimore-area companies lead Maryland venture capital investment in 1Q appeared first on Baltimore Tech.
from http://baltimoretech.org/news/baltimore-area-companies-lead-maryland-venture-capital-investment-in-1q/
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