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Maryland Venture Fund

North America, Maryland, United States, Columbia

Description

The Maryland Venture Fund (MVF) is an evergreen venture capital fund operating under the umbrella of the Maryland Technology Development Corporation (TEDCO). Based in Columbia, Maryland, MVF is strategically dedicated to fostering the growth of the next generation of outstanding technology businesses within the state. Its core mission involves providing crucial seed and early-stage capital to promising Maryland-based companies, thereby playing a vital role in the state's innovation ecosystem and economic development.

MVF's investment strategy is focused on a diverse range of technology sectors, including Life Sciences, Cybersecurity, Software, Advanced Manufacturing, and Cleantech, among others. The fund typically deploys initial investments ranging from $250,000 to $1,000,000, aiming to support companies that demonstrate strong management teams, large addressable markets, clear competitive advantages, and scalable business models. This targeted approach ensures that capital is directed towards ventures with high growth potential.

With over $100 million under management, the Maryland Venture Fund has established itself as a significant player in the regional venture landscape. Since its inception, MVF has invested in more than 100 companies, showcasing its commitment to building a robust portfolio of innovative enterprises. The fund's evergreen structure allows for continuous reinvestment, reinforcing its long-term dedication to nurturing Maryland's technology sector and contributing to job creation and economic prosperity within the state.

Investor Profile

Maryland Venture Fund has backed more than 83 startups, with 0 new investments in the last 12 months alone. The firm has led 13 rounds, about 16% of its total and boasts 21 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series Unknown, Seed rounds (top funding stages).
  • Majority of deals are located in United States, South Korea.
  • Strong thematic focus on Software, Biotechnology, Health Care.
  • Typical check size: $250K – $1M.

Stage Focus

  • Series A (28%)
  • Series Unknown (20%)
  • Seed (17%)
  • Convertible Note (13%)
  • Series B (7%)
  • Series D (4%)
  • Series C (4%)
  • Grant (2%)
  • Debt Financing (2%)
  • Private Equity (1%)

Country Focus

  • United States (99%)
  • South Korea (1%)

Industry Focus

  • Software
  • Biotechnology
  • Health Care
  • Medical
  • Analytics
  • Security
  • Enterprise Software
  • Medical Device
  • Saas
  • Health Diagnostics
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Maryland Venture Fund frequently co-invest with?

BMW i Ventures
North America, California, United States, Mountain View
Co-Investments: 2
TCP Venture Capital
North America, Maryland, United States, Hampstead
Co-Investments: 4
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 3
Gula Tech Adventures
North America, Maryland, United States, Ellicott City
Co-Investments: 2
Blu Venture Investors
North America, Virginia, United States, Vienna
Co-Investments: 3
Almaz Capital
North America, California, United States, Portola Valley
Co-Investments: 2
GE Ventures
North America, California, United States, Menlo Park
Co-Investments: 2
Grotech Ventures
North America, Virginia, United States, Vienna
Co-Investments: 4
Foundry Group
North America, Colorado, United States, Boulder
Co-Investments: 2
Highland Capital Partners
North America, Massachusetts, United States, Lexington
Co-Investments: 2

Which angels does Maryland Venture Fund often collaborate with?

CS
North America, Virginia, United States, Alexandria
Shared Deals: 1
CS
North America, United States
Shared Deals: 1
FA
North America, Maryland, United States, Baltimore
Shared Deals: 3
Jody Presti
North America, Maryland, United States, Annapolis
Shared Deals: 1
RR
North America, Maryland, United States, Potomac
Shared Deals: 1
JK
North America, District of Columbia, United States, Washington
Shared Deals: 1
DA
North America, Virginia, United States, Leesburg
Shared Deals: 1
PP
North America, Maryland, United States, Baltimore
Shared Deals: 1

What are some of recent deals done by Maryland Venture Fund?

Attila

Columbia, Maryland, United States

Attila provides visibility, control, and threat defense across physical, virtual, and cloud applications.

Information ServicesInformation TechnologyNetwork Security
Series AMar 16, 2020
Amount Raised: $750,000
Xometry

Gaithersburg, Maryland, United States

Xometry is an online marketplace that allows customers to access a network of machine shops and custom manufacturers.

3D PrintingArtificial Intelligence (AI)Industrial EngineeringSoftware
Series DMay 13, 2019
Amount Raised: $50,000,000
scaleMatters

Potomac, Maryland, United States

scaleMatters delivers revenue operations services and revenue intelligence software for early and growth stage B2B companies.

AnalyticsBusiness IntelligenceInformation TechnologySaaSSoftware
SeedMar 31, 2019
Amount Raised: $2,850,000
Racktop Systems

Fulton, Maryland, United States

The leader in Cyberstorage and only data-centric cyber solution which stops ransomware in < 1 second without agents!

Cloud Data ServicesCloud SecurityCloud StorageComplianceCyber SecurityData StorageFlash StorageSecuritySoftware
Series AMar 4, 2019
Amount Raised: $15,000,000
Curbio

Potomac, Maryland, United States

Curbio helps realtors and their clients get homes ready for market or move-in fast.

Commercial Real EstateHome RenovationReal EstateReal Estate Investment
SeedNov 12, 2018
Amount Raised: $4,000,000
Threater

Washington, District of Columbia, United States

Threater provides active network defense by automating the discovery, enforcement, and analysis of cyber threats at scale.

Cyber SecuritySoftware
Series AAug 21, 2018
Amount Raised: $4,000,000
Neuraly

Germantown, Maryland, United States

Neuraly is a startup biotech company.

BiotechnologyHealth Care
Series AJul 18, 2018
Amount Raised: $36,000,000
Xometry

Gaithersburg, Maryland, United States

Xometry is an online marketplace that allows customers to access a network of machine shops and custom manufacturers.

3D PrintingArtificial Intelligence (AI)Industrial EngineeringSoftware
Series CJul 10, 2018
Amount Raised: $25,000,000
QxBranch

Washington, District of Columbia, United States

QxBranch is a data analytics and software engineering company, with expertise in quantum computing

AnalyticsBig DataInsuranceQuantum ComputingSoftware
Series AJun 25, 2018
Amount Raised: $4,345,690
Topbox

Potomac, Maryland, United States

Analyzing customer interactions and feedback from every contact channel, across your enterprise.

AnalyticsInformation ServicesInformation TechnologySoftware
Series AJun 11, 2018
Amount Raised: $5,900,000