Venture capitalists invested $1.159 billion into Maryland companies, according to data from the MoneyTree Report by PwC/CB Insights. It marks the third-highest VC dollar total in a year since 2000, and the highest since 2001.
The funding was invested over 79 deals that included a pair of megadeals over $100 million, which typically drive yearly totals up.
“Maryland not only had a good year in 2020 but the upward trend in funding over the last 20 years in Maryland is quite encouraging as well,” said Brad Phillips, a director in PwC’s emerging company services practice.
Image: (Photo by Flickr user Austin Kirk, used under a Creative Commons license)