Maryland companies raise more than $400M of venture capital for second straight quarter

Maryland companies raised $406 million from venture capitalists in the first quarter of 2018, almost double what they raised the prior year.

There were 16 deals involving Maryland companies in the three-month period, according to the PwC/CB Insights MoneyTree Report released Wednesday. The number of deals was five fewer than during the same period a year ago and the same as in the fourth quarter. The total dollar amount was up 99 percent from $203.8 million a year ago and down 1.3 percent from $411.3…

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