Maryland tech companies started the year bringing in a surge of venture capital funding, and three of the state’s top 10 deals were in Baltimore, according to data from the latest PwC/CB Insights MoneyTree report. But a downturn in the last two weeks as the COVID-19 pandemic-caused slowdown took hold is leaving reason to keep celebrations on lockdown for now.
The $227 million that 21 companies raised from investors was a 44% uptick from the $115 million in the fourth quarter of 2019.
Image: The Huntress team. (Courtesy photo)