Maryland’s overall venture capital haul for 2018 totaled crossed the billion-dollar mark for the first time since 2001, according to the PwC/CB Insights MoneyTree report.
The state’s total was $1.12 billion for the year, according to the report. The totals were already on pace to top 2017 figures after the third quarter, and the fourth quarter saw about $218 million invested over 11 deals. In the end, Maryland posted totals 23 percent higher in 2018 over 2017.
The top deals of the fourth quarter included a total of $118 million round for Beltsville-based biopharmaceutical company Nextcure, the $37 million Series B for Hanover-based cybersecurity company Dragos and a $23.15 million round for Bethesda health data company Aledade.
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