Locations

BALTIMORE

Private financing in BALTIMORE, aggregated from public sources.

$3.7B
Capital raised
259
Companies
521
Rounds
2006
First on record
2026-03-04
Latest round

Cooling BALTIMORE drew $32.3M over the last 12 months, down 55% versus the prior 12 ($71.3M). Of 253 companies rankable against same-niche peers, 28% model over-valued and 30% under-valued.

Capital flow over time

Quarterly capital raised in BALTIMORE.

2008-Q1 · $15.5M2008-Q12008-Q2 · $150K2008-Q3 · $2.9M2008-Q4 · $3.6M2009-Q1 · $45.5M2009-Q3 · $16.4M2009-Q4 · $12.7M2009-Q42010-Q1 · $24.5M2010-Q2 · $86.3M2010-Q3 · $5.0M2010-Q4 · $107.7M2011-Q1 · $40.3M2011-Q2 · $5.1M2011-Q22011-Q3 · $10.8M2011-Q4 · $1.1M2012-Q1 · $6.7M2012-Q2 · $10.3M2012-Q3 · $33.0M2012-Q4 · $29.1M2012-Q42013-Q1 · $6.3M2013-Q2 · $145.9M2013-Q3 · $8.5M2013-Q4 · $42.1M2014-Q1 · $3.9M2014-Q2 · $35.2M2014-Q22014-Q3 · $32.0M2014-Q4 · $43.3M2015-Q1 · $22.5M2015-Q2 · $43.9M2015-Q3 · $133.1M2015-Q4 · $114.2M2015-Q42016-Q1 · $817.6M2016-Q2 · $8.2M2016-Q3 · $35.1M2016-Q4 · $34.3M2017-Q1 · $39.5M2017-Q2 · $42.5M2017-Q22017-Q3 · $28.5M2017-Q4 · $289.9M2018-Q1 · $26.9M2018-Q2 · $22.0M2018-Q3 · $27.3M2018-Q4 · $18.8M2018-Q42019-Q1 · $78.7M2019-Q2 · $33.3M2019-Q3 · $15.1M2019-Q4 · $19.9M2020-Q1 · $29.8M2020-Q2 · $38.2M2020-Q22020-Q3 · $38.5M2020-Q4 · $176.5M2021-Q1 · $123.6M2021-Q2 · $44.1M2021-Q3 · $21.6M2021-Q4 · $98.6M2021-Q42022-Q1 · $14.5M2022-Q2 · $30.1M2022-Q3 · $9.7M2022-Q4 · $105.5M2023-Q1 · $55.6M2023-Q2 · $30.3M2023-Q22023-Q3 · $17.2M2023-Q4 · $130.7M2024-Q1 · $6.9M2024-Q2 · $5.4M2024-Q3 · $8.0M2024-Q4 · $30.8M2024-Q42025-Q1 · $8.0M2025-Q2 · $24.5M2025-Q3 · $20.2M2025-Q4 · $7.0M2026-Q1 · $5.1M
Sector mix
SectorCompaniesRoundsCapital
Investment Vehicle56$822.4M
Biotechnology39105$669.3M
Other Technology62148$662.9M
Other4887$428.1M
Other Health Care2959$358.8M
Manufacturing1221$353.5M
Software / Tech1338$164.1M
Business Services11$100.0M
Top-funded companies
CompanySectorRaisedModeled value
Personal Genome Diagnostics Inc.Biotechnology$198.1M$3.2B
AC Special Purpose Vehicle LLCOther Health Care$123.0M$2.6B
Vertis Holdings IncBusiness Services$100.0M$2.3B
Cypress Performance Group LLCManufacturing$197.3M$2.2B
Videology, Inc.Other Technology$195.9M$2.1B
Spark Acquisition Holdings, Inc.Other$81.5M$1.4B
Rise Holdings LLCManufacturing$108.0M$1.2B
Bagh-B LlcOther$68.0M$1.2B
Haystack Oncology, Inc.Biotechnology$67.0M$1.1B
ManaT Bio, Inc.Biotechnology$72.1M$847.8M
LifeSprout, Inc.Biotechnology$23.9M$841.2M
Capital Funding Bancorp, Inc.Other Health Care$35.0M$775.4M
WMS Susquehanna Fund, L.L.C.Other$142.4M$727.5M
WellDoc, Inc.Other Health Care$92.4M$644.1M
ZeroFox, Inc.Other Technology$54.3M$609.1M
Paperless Transaction Management, Inc.Other Technology$22.0M$551.2M
RedOwl Analytics, Inc.Other Technology$31.2M$532.1M
WMS Dulaney Fund, LLCOther$100.0M$520.0M
WMS Vendere Fund, LLCOther$100.0M$520.0M
WMS Fairmount Fund, LLCOther$100.0M$520.0M
Other locations

Browse all locations or the full company rankings.

Frequently asked
How much venture funding have companies in BALTIMORE raised?
Companies based in BALTIMORE have raised approximately $3.7B across 521 recorded financing rounds among 259 companies, aggregated from public sources.
Is startup funding in BALTIMORE growing?
BALTIMORE funding is currently cooling: capital raised over the last 12 months was down 55% versus the prior 12 months.
What sectors are most active in BALTIMORE?
The most active sectors in BALTIMORE by recorded financing are Investment Vehicle, Biotechnology, Other Technology, Other. See the sector mix table for company and round counts.
Which are the most-funded companies in BALTIMORE?
The most-funded BALTIMORE companies in our coverage include Personal Genome Diagnostics Inc., AC Special Purpose Vehicle LLC, Vertis Holdings Inc, Cypress Performance Group LLC, Videology, Inc.. See the ranked table for disclosed capital and modeled valuations.