Baltimore
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Startup funnel
Baltimore's startup funnel
Companies headquartered in Baltimore at each stage today, by total VC raised. Hover or tap a bar for the split.
Source: Dealroom.co
Quarterly report
Baltimore's latest quarter in venture capital
Venture capital raised by Baltimore-headquartered companies each quarter since 2020, split by round size, with detail on the latest complete quarter.
Latest complete quarter
Loading VC raised by Baltimore-headquartered companies…
Enterprise value
How much Baltimore’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in Baltimore, founded since 1990 and still operating, at the end of each year. Companies stay in the total after they list or are acquired.
VC investment
How much venture capital flows into Baltimore
VC investment into Baltimore-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
Largest rounds
Largest funding rounds in Baltimore
A live treemap of the largest VC rounds. Each cell is one round into Baltimore-headquartered companies, grouped by Dealroom sector.
Largest rounds in Baltimore - 2026
Academia
Baltimore's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Baltimore.
Location comparison
How Baltimore stacks up
Compare Baltimore with peers from the same country (United States) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top cities in United States ranked by combined EV. Baltimore's row is highlighted (#12).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | Bay Area | $20.1T | 8.0× | 895 | $158B | 24.9K |
| 2 | Seattle | $2.9T | 4.5× | 71 | $6.9B | 2,994 |
| 3 | Austin | $2T | 13.7× | 63 | $7.9B | 2,749 |
| 4 | Los Angeles | $1.6T | 7.7× | 166 | $17.6B | 8,766 |
| 5 | New York City | $1.5T | 5.0× | 326 | $32B | 16.8K |
| 6 | Boston | $1.2T | 4.4× | 211 | $13B | 6,417 |
| 7 | Miami | $684B | 11.9× | 43 | $3B | 2,981 |
| 8 | San Diego | $327B | 5.0× | 64 | $3.4B | 2,252 |
| 9 | Washington DC | $285B | 3.4× | 63 | $4.1B | 2,583 |
| 10 | Chicago | $263B | 3.7× | 54 | $2.3B | 2,855 |
| 11 | Dallas | $225B | 4.1× | 48 | $2.1B | 2,088 |
| 33 | Baltimore | $31.5B | 2.5× | 7 | $125.2M | 592 |
More data
Explore Dealroom data →Get the full Baltimore ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.