Md. startup funding rebounds after poor first-quarter showing

Maryland companies funded by venture capital raised $226 million during the year’s second quarter, rebounding strongly from a first quarter that was the state’s worst in two years. The quarter, boosted by several large deals, also saw an increase in the number of deals and was especially one of the best quarters for seed-stage transactions in …

from https://thedailyrecord.com/2019/07/17/md-startup-funding-rebounds-after-poor-first-quarter-showing/

Maryland startups raise $226 million in Q2, up 180% from slow Q1

Maryland companies raised $226 million in venture capital funding during the second quarter, according to a PwC/CB Insights MoneyTree Report released Tuesday. It was a substantial rebound after a markedly slow Q1.

The statewide quarterly funding was raised through 21 separate deals. About $42 million of that was raised by companies based in Greater Baltimore, through 10 deals. Most of the largest rounds raised in this quarter were concentrated in the Montgomery County area.

In the first quarter…

from https://www.bizjournals.com/baltimore/news/2019/07/17/maryland-startups-raise-226-million-in-q2-up-180.html?ana=RSS&s=article_search
from https://baltimorecheckbook.tumblr.com/post/186357350937

Big tech companies help U.S. T. Rowe Price stock funds beat S&P 500

T. Rowe Price Group Inc. stockpickers took advantage of the stock market’s growth in the first half of the year to get big gains for investors.

After a dismal December for the financial markets driven by trade war concerns, stocks recovered during the first half of 2019. Driven by a strong June the S&P 500 and Nasdaq composite tested new highs. The Dow Jones industrial average had its best monthly performance since 1938 and finished the first half up more than 17%.

Baltimore-based T. Rowe Price,…

from https://www.bizjournals.com/baltimore/news/2019/07/17/big-tech-companies-help-u-s-t-rowe-price-stock.html?ana=RSS&s=article_search
from https://baltimorecheckbook.tumblr.com/post/186357350732

Curaleaf acquires competitor Grassroots for $875M to expand local, national presence

Curaleaf Holdings Inc., a publicly traded cannabis business that operates four dispensaries in Maryland, has acquired another multi-state cannabis company with a local presence.

Curaleaf (CSE: CURA) announced Wednesday it has signed an agreement to acquire Illinois-based GR Companies Inc., or “Grassroots.” The cash and stock deal is valued at approximately $875 million. The acquisition is expected to be finalized in early 2020 and has been unanimously approved by the boards of both companies.

The…

from https://www.bizjournals.com/baltimore/news/2019/07/17/curaleaf-acquires-competitor-grassroots-for-875m.html?ana=RSS&s=article_search
from https://baltimorecheckbook.tumblr.com/post/186357350667

Developers break ground at Somerset Homes, the start of a $1B East Baltimore revival

City officials, developers and residents crowded a tent set up in East Baltimore on Wednesday, making the air conditioned enclosure feel almost as hot as the nearly 100-degree day outside.

The gathering marked the official groundbreaking of a $30.1 million redevelopment of the former Somerset Homes site. When complete, it will bring 104 affordable or low-income units into the underinvested community located just north of Harbor East. The complex, 1234 McElderry Apartments, also marks the start of…

from https://www.bizjournals.com/baltimore/news/2019/07/17/developers-break-ground-at-somerset-homes-the.html?ana=RSS&s=article_search
from https://baltimorecheckbook.tumblr.com/post/186357350607