Maryland companies raised more than $2 billion in venture capital funding last year, smashing the state’s previous record amid a national trend of record-breaking funding hauls.
According to preliminary figures from the PitchBook-NVCA Venture Monitor report, Maryland firms raised $2.27 billion last year, shattering the previous record of $1.24 billion, set in 2020. Nationally, firms raised about $330 billion in 2021, roughly double the total a year prior. Maryland ranked 16th nationally in terms of investment capital raised, with states like California and Texas leading the way.
Read the full article at Maryland Inno.