# Maryland Department of Business and Economic Development: portfolio, investments and team > Maryland Department of Business and Economic Development is a vc firm based in United States. 20 investments on record, latest Aug 2015. Source: https://millionrounds.com/fund/maryland-department-of-business-and-economic-development (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Maryland Department of Business and Economic Development Last cheque observed Aug 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet VC firm Series A Series B Series C Biotechnology Cheques on record **0%** of best year **0** **cheques in 12 months**, 20 on record Since the last cheque **4082** days **00** hrs **00** min **00** sec Median round **$5.7M** Rounds led **0 of 20** Sole investor **5 rounds** Exits **2 from the portfolio** Mostly in **United States, 100%** Pitch Maryland Department of Business and Economic Development ## Maryland Department of Business and Economic Development highlights - 01 20 rounds on record - 02 Mostly Series A and Series B: 58% of its rounds - 03 Sole investor in 5 rounds, median $225K - 04 2 exits from the portfolio ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Sectors:** Biotechnology - **Based in:** United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **20 appearances** - **2015** 1 round - **Aug** **[Link Labs](https://millionrounds.com/company/link-labs)** Series A · US **$5.7M** With 1 other - **2014** 1 round - **Jun** **[Mobile System 7](https://millionrounds.com/company/mobile-system-7)** Grant · US **$400K** Sole investor - **2012** 1 round - **Nov** **[TRX Systems](https://millionrounds.com/company/trx-systems)** Series A · US · finsmes.com **$2.0M** With 2 others - **2010** 1 round - **Jan** **[Zymetis](https://millionrounds.com/company/zymetis)** Grant · US · zymetis.com **$1.5M** Sole investor - **2008** 4 rounds - **Jun** **[My Ad Box](https://millionrounds.com/company/my-ad-box)** Venture · US · choosemaryland.org **$50K** Sole investor - **May** **[Innovative Biosensors](https://millionrounds.com/company/innovative-biosensors)** Venture · US **$9.5M** With 3 others - **Jan** **[NeuroNascent](https://millionrounds.com/company/neuronascent)** Venture · US · articles.baltimoresun.com **$50K** Sole investor - **Jan** **[Zenoss](https://millionrounds.com/company/zenoss)** Series B · US · thealarmclock.com **$11M** With 3 others - **2007** 2 rounds - **Dec** **[Sirnaomics](https://millionrounds.com/company/sirnaomics)** US · media.prnewswire.com **Undisclosed** Sole investor - **Nov** **[Three Stage Media](https://millionrounds.com/company/three-stage-media)** Series C · US · encyclopedia.com **$15M** With 5 others - **2006** 2 rounds - **Aug** **[Zenoss](https://millionrounds.com/company/zenoss)** Series A · US · zenoss.com **$4.8M** With 3 others - **Feb** **[Three Stage Media](https://millionrounds.com/company/three-stage-media)** Series B · US · bizjournals.com **$7.5M** With 2 others - **2005** 2 rounds - **May** **[Fidelis Security Systems](https://millionrounds.com/company/fidelis-security-systems)** Series A · US · washingtonpost.com **$4.1M** With 3 others - **Jan** **[Advanced BioNutrition](https://millionrounds.com/company/advanced-bionutrition)** Series B · US **$7.5M** With 5 others - **2004** 4 rounds - **Aug** **[GlycoMimetics](https://millionrounds.com/company/glycomimetics)** Series A · US **$5.1M** With 5 others - **Jun** **[Bluefire Security Technologies](https://millionrounds.com/company/bluefire-security-technologies)** Series C · US **$10M** With 4 others - **May** **[Panacos Pharmaceuticals](https://millionrounds.com/company/panacos-pharmaceuticals)** Series C · US **$18M** With 7 others - **Apr** **[Qovia](https://millionrounds.com/company/qovia)** Series B · US **$11M** With 3 others - **2003** 1 round - **Oct** **[Qovia](https://millionrounds.com/company/qovia)** Series A · US **$5.5M** With 2 others - **2002** 1 round - **Nov** **[Bluefire Security Technologies](https://millionrounds.com/company/bluefire-security-technologies)** Series B · US **$6.0M** With 3 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## Exits from the portfolio Companies it backed that were later bought or listed **2 in all** **[Fidelis Security Systems](https://millionrounds.com/company/fidelis-security-systems)** Bought by [Marlin Equity Partners](https://millionrounds.com/fund/marlin-equity-partners) **Undisclosed** Apr 2015 **[Qovia](https://millionrounds.com/company/qovia)** Bought by [Cisco](https://millionrounds.com/fund/cisco) **Undisclosed** Jan 2007 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Series A Series B Series C Median round joined **$5.7M** the round, not its cheque Alone, median **$225K** Led 0 of 20 rounds **0%** - **Sole investor:** 5 rounds - **Last cheque:** Aug 2015 - **Exits:** 2 from the portfolio Rounds by stage said on their site - Series A *6* - Series B *5* - Series C *3* - Venture *3* - Grant *2* Cheques by year Led Joined 2002 2015 Often in the room with - [Anthem Capital Management](https://millionrounds.com/fund/anthem-capital-management) 3 - [Boulder Ventures](https://millionrounds.com/fund/boulder-ventures) 2 - [Grotech Ventures](https://millionrounds.com/fund/grotech-ventures) 2 - [Intersouth Partners](https://millionrounds.com/fund/intersouth-partners) 2 - [JK&B Capital](https://millionrounds.com/fund/jk-and-b-capital) 2 - [Maryland Angels Council](https://millionrounds.com/fund/maryland-angels-council) 2 **Pitching Maryland Department of Business and Economic Development?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Maryland Department of Business and Economic Development. A count of rooms they were both in, not a relationship either has claimed. [**Anthem Capital Management** Investment firm **3** rounds together](https://millionrounds.com/fund/anthem-capital-management)[**Boulder Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/boulder-ventures)[**Grotech Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/grotech-ventures)[**Intersouth Partners** VC firm **2** rounds together](https://millionrounds.com/fund/intersouth-partners)[**JK&B Capital** VC firm **2** rounds together](https://millionrounds.com/fund/jk-and-b-capital)[**Maryland Angels Council** VC firm **2** rounds together](https://millionrounds.com/fund/maryland-angels-council)[**Nokia Growth Partners** VC firm **2** rounds together](https://millionrounds.com/fund/nokia-growth-partners)[**The Grosvenor Funds** VC firm **2** rounds together](https://millionrounds.com/fund/the-grosvenor-funds)[**Valhalla Partners** VC firm **2** rounds together](https://millionrounds.com/fund/valhalla-partners)[**Walker Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/walker-ventures) ## Quick answers about Maryland Department of Business and Economic Development ### What does Maryland Department of Business and Economic Development invest in? Maryland Department of Business and Economic Development invests most often at Series A and Series B (58% of the rounds on record), in sectors such as Biotechnology. ### How active is Maryland Department of Business and Economic Development? 20 investments on record, 0 of them in the last 12 months. The most recent was in Aug 2015. ### How big are Maryland Department of Business and Economic Development's cheques? The median round it joins is $5.7M. ### Does Maryland Department of Business and Economic Development lead rounds? Rarely, if at all: none of its 20 investments on record names it as the lead. ### Where does Maryland Department of Business and Economic Development invest? Most of the companies it backs are in the United States (100%). ### Is Maryland Department of Business and Economic Development investing now? No investments in the last 12 months; the latest was in Aug 2015. ### Who does Maryland Department of Business and Economic Development invest alongside? Most often Anthem Capital Management (3 rounds together), Boulder Ventures (2 rounds together) and Grotech Ventures (2 rounds together). ### What kind of investor is Maryland Department of Business and Economic Development? Maryland Department of Business and Economic Development is a VC firm based in United States. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=maryland-department-of-business-and-economic-development) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=maryland-department-of-business-and-economic-development)