
Maryland Venture Fund
Description
The Maryland Venture Fund (MVF) is an evergreen venture capital fund operating under the umbrella of the Maryland Technology Development Corporation (TEDCO). Based in Columbia, Maryland, MVF is strategically dedicated to fostering the growth of the next generation of outstanding technology businesses within the state. Its core mission involves providing crucial seed and early-stage capital to promising Maryland-based companies, thereby playing a vital role in the state's innovation ecosystem and economic development.
MVF's investment strategy is focused on a diverse range of technology sectors, including Life Sciences, Cybersecurity, Software, Advanced Manufacturing, and Cleantech, among others. The fund typically deploys initial investments ranging from $250,000 to $1,000,000, aiming to support companies that demonstrate strong management teams, large addressable markets, clear competitive advantages, and scalable business models. This targeted approach ensures that capital is directed towards ventures with high growth potential.
With over $100 million under management, the Maryland Venture Fund has established itself as a significant player in the regional venture landscape. Since its inception, MVF has invested in more than 100 companies, showcasing its commitment to building a robust portfolio of innovative enterprises. The fund's evergreen structure allows for continuous reinvestment, reinforcing its long-term dedication to nurturing Maryland's technology sector and contributing to job creation and economic prosperity within the state.
Investor Profile
Maryland Venture Fund has backed more than 83 startups, with 0 new investments in the last 12 months alone. The firm has led 13 rounds, about 16% of its total and boasts 21 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Series Unknown, Seed rounds (top funding stages).
- Majority of deals are located in United States, South Korea.
- Strong thematic focus on Software, Biotechnology, Health Care.
- Typical check size: $250K – $1M.
Stage Focus
- Series A (28%)
- Series Unknown (20%)
- Seed (17%)
- Convertible Note (13%)
- Series B (7%)
- Series D (4%)
- Series C (4%)
- Grant (2%)
- Debt Financing (2%)
- Private Equity (1%)
Country Focus
- United States (99%)
- South Korea (1%)
Industry Focus
- Software
- Biotechnology
- Health Care
- Medical
- Analytics
- Security
- Enterprise Software
- Medical Device
- Saas
- Health Diagnostics
Frequently Asked Questions
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