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Maryland firms topped $1B raised last year for first time since 2001

Venture-backed firms in Maryland raised more than $1.12 billion last year, the state’s best year since 2001, when venture-backed firms raised $1.27 billion, according the quarterly PwC/CB Insights MoneyTree report. The fourth quarter was the year’s weakest for Maryland firms, with just 11 deals raising nearly $219 million, but it was enough to push Maryland over ...

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