The D.C. region raised $418 million in venture funding in April, May and June, according PricewaterhouseCoopers' MoneyTree report, more than twice the total of second quarter 2012.
The "DC/Metroplex," as defined by PWC, includes far-flung areas of Virginia and Maryland, not just the District and its suburbs. With the strong second quarter haul, the region has raised nearly as much in the first half of 2013 ($704 million) as it did all of last year ($735 million). For comparison, companies in the area raised $203 million in Q2 2012, and $286 million in the first three months of 2013.