Top 10 VC Funds in Maryland
Maryland is the 9th smallest state in the United States. Being small in area doesn't mean the state is not progressing. The state's startup scene is evolving better than ever, thanks to all the angel investors and VC firms that are helping the state's emerging entrepreneurs. We went through a list of VC funds and firms operating in the state and made a list of the top 10 VC funds in Maryland based on a large amount of data.
Here's a table that summarizes the overall VC data for a quick overview:
|
VC Firm |
Ticket Size |
Stages |
Founding Year |
|---|---|---|---|
|
ABS Capital Partners |
$10M - $50M |
Early, Late, Private Equity |
1990 |
|
TDF Ventures |
$10M - $50M |
Seed, Series A |
2004 |
|
New Enterprise Associates |
$1M - $50M |
Seed, Early, Growth |
1987 |
|
Northpond Ventures |
$700K - $1M |
Venture |
2018 |
|
Highland Capital Partners |
$1M - $50M |
Seed, Early, and Growth Stage |
1987 |
|
New Markets Venture Partners |
$100K - $5M |
Early, Growth |
2002 |
|
Arlington Capital Partners |
Undisclosed |
Buyout |
1999 |
|
Epidarex Capital |
£2M - £5M |
Early |
2010 |
|
StepStone Group |
$15M - $200M |
Seed to Growth Equity |
2006 |
|
TEDCO |
$500K - $1.5M |
Early |
1998 |
1. ABS Capital Partners
ABS Capital is a leading provider of growth equity funding for B2B software and tech-enabled services companies. With a focus on businesses with strong technology and data foundations, they specialize in helping companies scale effectively. With over 30 years of experience, ABS Capital has invested over $2.5 billion in approximately 130 companies. They offer expertise in investment, operations, technology, and business development to drive success. Their approach involves data-driven strategies, market research, and hands-on support for management teams, aiming to foster growth and achieve business goals.
Website: abscapital.com
Founding Year: 1990
Investment Range: $10M - $50M
Stage: Early, Late, Private Equity
Sector: FinTech, Healthcare, EdTech, eCommerce, cybersecurity, and Smart Cities
Investment Geography: United States
Notable Investments: Captivate Network, Neustar Inc., Payformance Corp., and Restaurant Technologies Inc
Submit Pitch/ Contact: Link
2. TDF Ventures
TDF Ventures is a venture capital firm specializing in early-stage investments. With a focus on enterprise markets like infrastructure, software, and services (IaaS, SaaS, XaaS), they manage a $150M Fund V. Their investment interests span various sectors including AI/ML, cybersecurity, fintech, and e-commerce. TDF Ventures seeks out startups poised for growth and innovation, providing them with the necessary support and resources to thrive in today's competitive landscape.
Website: tdfventures.com
Founding Year: 2004
Investment Range: $10M - $50M
Stage: Seed, Series A
Sector: Early-stage companies operating in the infrastructure, software, and services sectors including IaaS, SaaS, cybersecurity, artificial intelligence, ecommerce and XaaS
Investment Geography: United States
Notable Investments: Ooma, EdgeConneX, and PICKUP
Submit Pitch/ Contact: Link
3. New Enterprise Associates
New Enterprise Associates (NEA) is an American venture capital firm with a focus on investments from seed to growth stages across various industries. Headquartered in Menlo Park, California, and Washington, D.C., NEA manages around $25 billion in committed capital, making it one of the world's largest VC firms. Founded in 1977 by C. Richard Kramlich, Chuck Newhall, and Frank Bonsal, NEA has invested in nearly 1,000 companies, achieving over 650 liquidity events, including 250 IPOs and 300 acquisitions. With offices worldwide, NEA has consistently expanded its funds, reaching milestones like a $3.3 billion fund in 2017, the largest ever in venture capital history.
Website: nea.com
Founding Year: 1987
Investment Range: $1M - $50M
Stage: Seed, Early, Growth
Sector: Technology and Healthcare
Investment Geography: Global
Notable Investments: Workday, Groupon, Robinhood, Pinterest, Airbnb, WebMD, Fisker, Alkermes, TiVo, 3Com
Submit Pitch/ Contact: Link
4. Northpond Ventures
Northpond Ventures is a major venture capital firm focused on life sciences. It's known for its partnerships with top academic institutions like Harvard University and Stanford Medicine, where it helps fund research labs. Over the years, it's led or co-led financing for more than 60 projects. Northpond also promotes diversity, sponsoring awards for women entrepreneurs.
Website: npv.vc
Founding Year: 2018
Investment Range: $700K - $1M
Stage: Venture
Sector: Companies operating in the diagnostics, life science, digital health, technology, synthetic biology, and therapeutics sectors
Investment Geography: San Francisco, California; Cambridge, Massachusetts; Bethesda, Maryland
Notable Investments: Inflammatix, IsoPlexis, SGIDNA, Chroma Code, Intabio, General Automation Lab Technologies, Vizgen, SeLuxDiagnostics
Submit Pitch/ Contact: Link
5. Highland Capital Partners
Established in 1987, Highland Capital Partners is an established venture capital firm prioritizing entrepreneurs. Operating from Boston and Menlo Park, they've garnered over $3 billion in committed capital. With investments in 270+ companies spanning consumer and enterprise technology, Highland has played a pivotal role in cultivating industry-defining enterprises. Noteworthy portfolio additions encompass Rent the Runway, 2U, Catalant, Harry’s, Malwarebytes, nuTonomy, Clearbanc, Scopely, ThredUP, and Turbonomic.
Website: hcp.com
Founding Year: 1987
Investment Range: $1M - $50M
Stage: Seed, Early, and Growth Stage
Sector: Consumer, Enterprise, Technology
Investment Geography: Boston, Massachusetts, Silicon Valley, San Francisco
Notable Investments: 2U, Auris Health, Bromium, Clearbanc, Everlywell, Gigamon, Imprivata LevelUp, Lululemon Athletica, Malwarebytes, Qihoo 360
Submit Pitch/ Contact: laurel@hcp.com
6. New Markets Venture Partners
New Markets Venture Partners is a top-tier venture capital firm specializing in early and growth-stage investments in education, information technology, and business services. With a seasoned team and a 25-year history of success, New Markets focuses on companies that promise high returns through impactful innovations. Their strong ties to educational institutions and workforce innovation hubs enable them to offer significant support to portfolio companies at every stage of development.
Website: newmarketsvp.com
Founding Year: 2002
Investment Range: $100K - $5M
Stage: Early, Growth
Sector: Education, healthcare, information technology, and business services
Investment Geography: United States
Notable Investments: Datapeople, Nexford University, Orijin, PBC, PAIRIN, Mantra Health, Pathstream, and others8. Notable exits include Galvanize, Credly
Submit Pitch/ Contact: Link
7. Arlington Capital Partners
Arlington Capital Partners is a private investment firm. They focus on industries regulated by the government, such as aerospace, defense, government services, technology, and healthcare. Since starting in 1999, Arlington has invested in over 150 companies. They work closely with founders and management teams to develop businesses that are strategically important in these sectors. Currently, they are investing from their $3.8 billion Fund VI.
Website: arlingtoncap.com
Founding Year: 1999
Investment Range: Undisclosed
Stage: Buyout
Sector: Aerospace, defense, government services & technology, healthcare services, business services, and software
Investment Geography: United States and Western Europe-based companies
Notable Investments: Avalign Technologies, Advanced Health, AdVenture Interactive, Afton Scientific
Submit Pitch/ Contact: Link
8. Epidarex Capital
Epidarex Capital is a prominent venture capital firm focusing on early-stage life science ventures in overlooked markets. They invest in groundbreaking research, often nurturing startups from inception, to tackle significant medical challenges and improve patient outcomes.
Website: epidarex.com
Founding Year: 2010
Investment Range: £2M - £5M
Stage: Early
Sector: Life Science, Health Technology
Investment Geography: UK, US
Notable Investments: Apellis Pharmaceuticals, Confluence Life Sciences, Sirakoss
Submit Pitch/ Contact: Link
9. StepStone Group
StepStone Group is a global investment firm specializing in private markets. They offer tailored investment solutions and advisory services to a diverse clientele, including large pension funds, sovereign wealth funds, insurers, endowments, foundations, family offices, and individual investors. StepStone collaborates closely with clients to craft private market portfolios spanning private equity, infrastructure, private debt, and real estate. Their expertise lies in creating investment strategies that align with client's specific goals and objectives, catering to both institutional and individual investors worldwide.
Website: stepstonegroup.com
Founding Year: 2006
Investment Range: $15M - $200M
Stage: Seed to Growth Equity
Sector: Not specified
Investment Geography: Global
Notable Investments: Aqua Security, DuploCloud, Zepto, Bowery Valuation, Trullion, Everstream Analytics, Overhaul, FirstMeridian
Submit Pitch/ Contact: Link
10. TEDCO
TEDCO is a Maryland-based organization founded in 1998 to help tech and life sciences startups grow. They provide funding and support to these early-stage companies. TEDCO's mission is to create a welcoming environment for entrepreneurs by investing in and nurturing technology businesses. They prioritize accountability, collaboration, integrity, respect, and responsible resource management. TEDCO strives to be a national leader in research support and entrepreneurship, contributing to Maryland's vibrant innovation scene.
Website: tedcomd.com
Founding Year: 1998
Investment Range: $500K - $1.5M
Stage: Early
Sector: Invest in a variety of sectors including healthcare devices & supplies, software, business products & services (B2B), TMT
Investment Geography: Maryland, United States
Notable Investments: 3Dnamics, BLOCKsynop, Celcy
Submit Pitch/ Contact: Link
FAQ (Frequently Asked Questions)
Q: What is the largest VC fund in the US?
A: The largest VC firm in the United States is Andreessen Horowitz (a16z), with assets under management totaling $35 billion. They"re in California and started in 2009. They put money into different kinds of companies, like tech and healthcare. Some famous companies they"ve invested in are Facebook and Airbnb.
Q: Do VC firms pay well?
A: Venture capital usually pays better than corporate development but not as much as private equity and hedge funds. At big VC firms, associates without an MBA can make $150K to $200K, while those with an MBA might rake in $200K to $250K. You might also ask, "Do startups pay well?" Here"s your answer.
Q: How many VC firms fail?
A: According to experts at The National Venture Capital Association, they believe that around 25% to 30% of startups supported by VC funding end up failing.
Best of luck with your amazing ventures.
Please note that this list is filtered by various metrics, and all the data are collected through various third-party websites, mostly the VC website. Since data such as ticket size or industry may change, you are requested to visit the official website given in the blog for the latest and updated information.
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