The number of Maryland companies receiving venture capital increased to 26 in the 3rd quarter of 2013, doubling the number of deals in the 2nd quarter. The 26 deals totaled $140 million, according to the latest PWCMoneytree report. Nationally venture capital investment activity rose 12% in terms of dollars and 5% in the number of deals compared to the second quarter of 2013. More than half of the deals were early and seed stage deals, signaling optimism among the report’s sponsors regarding “the future of innovation and the vibrancy of the startup ecosystem.”
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