Maryland Venture Fund is a $110M early-stage venture capital fund focused on technology and life sciences investments in Maryland-based companies. The fund makes direct investments in startups and indirect investments through venture capital funds, typically participating in seed, Series A, and other early-stage rounds.
Notable portfolio companies include Xometry, Personal Genome Diagnostics, and Optoro. As an evergreen fund established in 1994, Maryland Venture Fund has a long-standing commitment to fostering exceptional businesses in the state. The fund's investment strategy aims to support the growth of innovative companies across various sectors, including software, medical technology, and biotechnology.
Maryland Venture Fund - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
Total Investments55
Current Portfolio Count39
Total Portfolio Exits2
Top Investment Stages
Series A15 (34.1%)
Seed12 (27.3%)
Convertible Note7 (15.9%)
Series Unknown7 (15.9%)
Series C3 (6.8%)
Stage Mix
Series A 34%Seed 27%Convertible Note 16%Series Unknown 16%Series C 7%
Concentration shown as share of disclosed investments by stage.
Maryland Venture Fund - Similar Investment Firms
301 Ventures
Maryland Momentum Fund
momentum.usmd.edu
Propel Baltimore Fund
tcp.vc
Virginia Venture Partners
vipc.org
Mid-Atlantic Venture Funds
The Chesapeake Bay Seed Capital Fund
cbscf.umd.edu
412 Venture Fund
412venturefund.com
UM Ventures
umventures.org
Maryland Health Care Product Development
Novel Bioventures
Maroon Venture Partners
The Abell Venture Fund
abell.org
The Individuals' Venture Fund
Wolverine Venture Fund
zli.bus.umich.edu
Math Venture Partners
Maryland Venture Fund - Classification
- NAICS
- 520000Finance and Insurance
- 523000Securities, Commodity Contracts, and Other Financial Investments and Related Activities
- 523900Other Financial Investment Activities
- 523990All Other Financial Investment Activities
- 523999Miscellaneous Financial Investment Activities
- SIC
- 6700Holding And Other Investment Offices
- 6720Investment Offices
- 6722Management Investment Offices, Open-end
Show 12 more industry codes
- NAICS
- 513200Software Publishers
- 510000Information
- 513000Publishing Industries
- 525000Funds, Trusts, and Other Financial Vehicles
- 513210Software Publishers
- 523910Miscellaneous Intermediation
- SIC
- 6000Depository Institutions
- 7300Business Services
- 6790Miscellaneous Investing
- 7370Computer Programming, Data Processing, And Other Computer Related
- 6799Investors, Not Elsewhere Classified
- 7372Prepackaged Software