Record first quarter included several Maryland VC deals topping $100M

Venture capital totals hit a national quarterly record in the first quarter of 2021, with growing companies raising more nine-digit fundings rounds than ever, according to the latest PwC/CB Insights MoneyTree report. VC investments in Q1 surged to a new quarterly record of over $62 billion, raised through 1,735 deals nationwide, the MoneyTree report shows. The funding total is up 117% year-over-year, and the deal total is up 14%.