Baltimore
Metro area · United States · Pop. 2.8M
* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.
Quarterly report
Baltimore's latest quarter in venture capital
VC raised by Baltimore-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.
Latest complete quarter
Loading VC raised by Baltimore-headquartered companies…
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
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.
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 | $20.3T | 9.7× | 886 | $157B | 24.5K |
| 2 | Seattle | $2.9T | 30.2× | 70 | $6.8B | 2,947 |
| 3 | Austin | $2T | 22.1× | 61 | $7.8B | 2,679 |
| 4 | New York City | $1.6T | 5.3× | 328 | $32.6B | 16.6K |
| 5 | Boston | $1.2T | 5.1× | 209 | $12.9B | 6,293 |
| 6 | Los Angeles | $911B | 4.6× | 163 | $17.3B | 8,638 |
| 7 | Miami | $690B | 12.3× | 43 | $2.9B | 2,914 |
| 8 | San Diego | $332B | 5.3× | 63 | $3.4B | 2,214 |
| 9 | Chicago | $266B | 3.3× | 54 | $2.2B | 2,808 |
| 10 | Washington DC | $263B | 4.3× | 55 | $3.6B | 2,336 |
| 11 | Dallas | $224B | 4.2× | 47 | $2.1B | 2,053 |
| 34 | Baltimore | $31.1B | 2.5× | 7 | $85.3M | 569 |
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.