Maryland companies raised $64 million in venture capital funding this spring, with some of the biggest payouts flowing to Baltimore cybersecurity startups.
That's according to the latest MoneyTree report from PricewaterhouseCoopers and the National Venture Capital Association. The report, which uses Thomson Reuters data, tracks money flowing to startups and later-stage firms across the country.
Maryland firms raised far less in April through June than their unusually large haul a year earlier, when big-ticket deals lifted the state's tally to $320 million. But the number of firms winning funding grew: 21 compared with 14 a year earlier.
The top two funding deals in the...