Venture capital funding totals took a summer slide locally in 2019, as Maryland recorded $142 million over 16 deals. That’s according to the latest MoneyTree report from PwC and CB Insights.

That’s down about 38% from the second quarter, when companies raised a total of $231 million over 21 deals. It’s also a drop year-over-year, as Q3 of 2018 saw totals of $255 million raised over 21 deals.

“Maryland, just like the region as a whole, is significantly off the mark from last year,” said Brad Phillips, director of emerging company services for PwC.

READ FULL ARTICLE HERE