Baltimore-area companies, including RedOwl (TechBUZZ ’13 Summer) raise $29.5M in venture capital during second quarter
Baltimore-area companies took home 12 percent of the money venture firms invested in the Baltimore-Washington, D.C., region in the second quarter.
Greater Baltimore companies raised a total of $29.5 million in venture capital during the period, according to a MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association. Venture capitalists invested a total of $247.3 million in 58 companies in Baltimore and D.C. during the quarter. That was down nearly half from $493 million invested in 32 deals in the year-ago period.
Two Baltimore companies were among the ten biggest deals in the region during the most recent second quarter.
RedOwl Analytics in June reported it raised $11 million, which included $4.5 million in new funding. The remaining $6.5 million was converted from previous seed fundraising rounds. Under Armour Inc. CEO Kevin Plank is among the new investors.