Venture capitalists continue to mostly target Maryland’s early- and late-stage companies, leaving an investment gap that seed companies are struggling to overcome.
Investments in the state jumped to $96.42 million in the second quarter of the year, representing 23 deals, according to the latest MoneyTree report by PricewaterhouseCoopers and the National Venture Capital Association. Early- and late-stage investments accounted for 16 of these deals, while expansions accounted for four and investments in seed companies accounted for three.
With investors continuing to view seed investments as those in the $3 million range, seed companies pursuing smaller infusions are still experiencing a drought in funding, said Robert A. Rosenbaum, president and executive director of the Maryland Technology Development Corp.
To read the full, original article click on this link: Gazette.Net: VC trends leave Maryland seed companies grasping
Author: Lindsey Robbins
