Wednesday, January 15, 2020

Maryland logs slow 4Q to end markedly down year for venture capital

Statewide, tech firms’ 2019 venture capital intake totaled $614 million, according to a new report. That’s a starkly lower sum compared to Maryland’s 2018 VC pull that topped $1.1 billion. Stacked against 2018, the statewide quarterly dollar total was down 46% year-over-year in 4Q. Brad Phillips, director of emerging company services for PricewaterhouseCoopers, said the funding upswing Maryland is used to seeing in the later half of the year did not come to fruition in 2019. The year’s comparatively…



from https://www.bizjournals.com/baltimore/news/2020/01/15/maryland-logs-slow-4q-to-end-markedly-down-year.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/190276402287

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