ED/FOF/VC  Maryland Venture Fund

http://www.choosemaryland.org/businessresourc es/pages/marylandventurefund.aspx





     Office Locations:

World Trade Center
401 East Pratt Street, 17th Floor
Baltimore, MD 21202
Phone: 410-767-6300
Fax: 401-333-1836

 

Stages:

  • Early
  • Seed


 

Industries:

  • Communications & Networking
  • Information Technology
  • Life Sciences & Healthcare
  • Manufacturing & Industrial
  • Medical Device
  • Software & Internet

  •  

    Description:

    The Division of Business and Enterprise Development works with companies across the state, throughout the U.S., and around the globe to help them succeed in doing business in Maryland - with the end goal of creating, attracting, retaining, and expanding job opportunities for Marylanders. The Department's Maryland Venture Fund is a state-funded seed and early-stage equity fund; an evergreen fund that receives annual allocations from the Maryland State Legislature. The Fund makes direct investments in technology and life science companies and indirect investments in venture capital funds. Approximately 60 percent of the Fund is invested in technology companies in the areas of software, communications, and IT security, and 40 percent of the Fund is invested in life sciences companies in the areas of therapeutics, medical devices, and diagnostics. The Challenge Investment Program provides financing for seed-stage companies to cover a portion of the initial costs associated with bringing new products to market. Initial investments of $50,000 to $100,000 are made up, with incremental investments to a maximum of $150,000. The Enterprise Investment Fund Program makes direct equity investments in emerging technology companies, usually at the first round of institutional financing and works with emerging companies to move them into their next stage of development as a viable business. The amount of investment ranges from $150,000 to $500,000. Enterprise investments are generally in the form of equity, but follow the terms of the lead investor.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Alastair Mackay Principal
    Frank Dickson Venture Partner
    James Keeratisakdawong Principal
    Thomas Dann Managing Director

     

    Recent Funding Events (trailing 12 months):


      Date


      Name


      State


      Amount


      Stage


      05/29/2018


      Blackpoint


      MD


      $6,000,000


      Venture


      02/10/2018


      HomeCare.com


      VA


      $11,000,000


      


      01/04/2018


      Personal Genome Diagnostics


      MD


      $75,000,000


      Series B


      08/31/2017


      BrainScope


      MD


      $16,000,000


      


     

    Portfolio companies include:


      2020 Gene Systems
        web link


      3CLogic
        web link


      410Labs
        web link


      A&G Pharmaceutical
        web link


      Advanced BioNutrition
        web link


      Akonni Biosystems
        web link


      Aledade
        web link


      AVIcode
        web link


      Bambeco
        web link


      BioDatomics
        web link


      Blackpoint
        web link


      Blue Pillar
        web link


      BrainScope
        web link


      CoFoundersLab
        web link


      Cylex
        web link


      Cytimmune Sciences
        web link


      Cytomedix
        web link


      Fidelis
        web link


      Fugue
        web link


      Geostellar
        web link


      Gold Lasso
        web link


      Gray Bug
        web link


      Groupsite.com
        web link


      HomeCare.com
        web link


      KoolSpan
        web link


      Link Labs
        web link


      Luminal
        web link


      Maxtena
        web link


      NexTone
        web link


      Optoro
        web link


      Paratek
        web link


      Pathsensors
        web link


      Personal Genome Diagnostics
        web link


      Plasmonix
        web link


      Pulse 8
        web link


      Qovia
        web link


      Reel Genie
        web link


      ReelGenie
        web link


      SalesWarp
        web link


      Salsa Labs
        web link


      Sensics
        web link


      Sequella
        web link


      Social Toaster
        web link


      Synapsify
        web link


      Tales2Go
        web link


      Theranostics Health
        web link


      TRX Systems
        web link


      Vorbeck Materials
        web link


      Weather Analytics
        web link


      Zenoss
        web link


      ZeroChroma
        web link


      Zeuss
        web link


     

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