Funding Deals of the Day! Plus news on VC GroTech Ventures!

  Metro Area City Industry Spending On
DURECT Corporation Bay Area, CA Cupertino, CA Bio/Health $12.6M;Undisclosed
Webster Financial Corporation Hartford, CT Waterbury, CT Finance $100M;Undisclosed
Agree Realty Corporation Detroit, MI Farmington Hills, MI Finance $25M;Undisclosed
Omega Healthcare Investors, Inc Baltimore, MD Timonium, MD Finance $700M;Multiple
Biomatrica Inc San Diego, CA San Diego, CA Services $5M;Undisclosed
Cloudera Inc Bay Area, CA Palo Alto, CA Software $65M;Fund Global Expansion
Cliffs Natural Resources Inc Cleveland, OH Cleveland, OH Energy $500M;Multiple
AppFirst New York City, NY New York City, NY Software $8.7M;Multiple
MGM Resorts International Las Vegas, NV Las Vegas, NV Services $1250M;Multiple
Avelas Biosciences Bay Area, CA La Jolla, CA Bio/Health $7.65M;Advance Avelas Cancer Illuminator
Moderna Therapeutics, Inc. Boston, MA Cambridge, MA Bio/Health $40M;Advance Development Of New Biotherapeutic Mod
Naya Ventures Dallas, TX Irving, TX Finance $50M;Undisclosed

Contact me at for a list of closed funding in your space or more information on the above deals. Need an introduction to VC firm, contact me at as we can introduce you to VC Partners as firms such as GroTech Ventures.


Grotech Ventures – a Mid-Atlantic venture capital firm – has been selected as the first private venture firm to receive funds to invest through Maryland’s $84 million InvestMaryland program. As part of the agreement, Grotech Ventures will have $12 million to invest in promising early-stage companies and, if successful, will return 100 percent of the principal and 80 percent of the profits to the State’s general fund. Created by Governor O’Malley and passed by the Maryland General Assembly in 2011, InvestMaryland is an historic initiative to fuel Maryland’s Innovation Economy, support entrepreneurs and stimulate the economy and job creation.

“We look forward to working with a high-caliber firm like Grotech Ventures to strengthen Maryland’s Innovation Economy,” said Governor O’Malley. “Through partners like Grotech and other venture firms that will invest these funds in the jobs of tomorrow, we continue to prove that Maryland remains on the cutting edge of innovation, and that our greatest assets are the talents, skills, creativity, ingenuity, and education of our people.”

“The Maryland Venture Fund Authority, in partnership with the Department of Business and Economic Development, selected Grotech because of its long history investing in early-stage technology companies in Maryland and overall solid record of investment,” said Greenleaf, who is also President of Gaithersburg-based MedImmune. “The State’s investments through InvestMaryland will help attract significant follow-on capital from the private sector, create well-paying jobs and support a wide range of companies in biotechnology, information technology, green energy and other targeted industries.”

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Author: JDM

Simi Private

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