Maryland Department of Business and Economic Development

investment firm

About

ChooseMaryland is the web site for the Maryland Department of Business and Economic Development.

Details

Industries
Biotechnology,Financial Services,Venture Capital
Operating Status
Active
Investor Type
Venture Capital

ChooseMaryland is the web site for the Maryland Department of Business and Economic Development. Here you will find information about Maryland's outstanding business climate, as well as programs available to both small and large companies to ensure their success. It also includes information on financing, workforce training, exporting, trade and small and minority business assistance.

The department's mission is simple: to attract new businesses, stimulate private investment and create jobs, encourage the expansion and retention of existing companies and provide businesses in Maryland with workforce training and financial assistance. The department promotes the state's many economic advantages and markets local products and services at home and abroad to spur development, international trade and tourism. Because they are a major economic generator for the state, the department also supports the arts, film production, sports and other special events.

The department continues to build on the state's prosperity by promoting its positive business climate and outstanding quality of life. In addition, DBED will ensure that all areas of the state share equally in its prosperity and will continue to promote Maryland as a leader in the New Economy.

Investments

Number of Investments
Number of Lead Investments
28
2
Maryland Department of Business and Economic Development has made 28 investments. Their most recent investment was on May 1, 2020, when Pet Connect Business® raised $750K.
Date Company Name
Round Money Raised Industry Lead Investor
Pre-seed $750K Software
Aug 23, 2015 Link Labs
Series A $5.70M Information Technology
Jun 17, 2014 Mobile System 7
Grant $400K Analytics
Nov 12, 2012 TRX Systems
Series A $2M Location Based Services
Jan 31, 2010 Zymetis
Grant $1.50M Biotechnology

Employee Profiles

Number of Employee Profiles
13
Maryland Department of Business and Economic Development has 13 current employee profiles, including Employee Hannah Byron
Employee
Employee
Employee
Employee
Employee

Exits

Maryland Department of Business and Economic Development has had 8 exits. Maryland Department of Business and Economic Development most notable exits include TRX Systems ,   Vapotherm

Date Company Name Exit Type Industry
Jan 19, 2022 TRX Systems M&A Location Based Services Detail
Nov 23, 2018 Vapotherm IPO Biotechnology Detail
Nov 15, 2016 Mobile System 7 M&A Analytics Detail
May 13, 2014 Viracor-IBT Laboratories M&A Biotechnology Detail
Jan 10, 2014 GlycoMimetics IPO Biotechnology Detail