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Maryland

State · United States · Pop. 6.3M · #30 region by EV

A public taster of the full Maryland ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

1,062 Pool of Funded Startups

New Startups

230 Annual Startups FoundedAll new ventures

82 Annual Startups FundedReceived investment

get funded 36%

788Startups

329 Pre-Seed Startups$100K–1M

252 Seed Startups$1–4M

207 Series A Startups$4–15M

Seed to Series A 30%

218Breakouts

128 Series B Breakouts$15–40M

A to Series B 34%

90 Series C Breakouts$40–100M

B to Series C 40%

56Scaleups

33 Mega Scaleups$100–250M

reach Mega 3.1%

23 Mega+ Scaleups$250M+

reach Mega+ 2.2%

33Valuation Outcomes

30 Unicorns($1–10B valuation)

reach Unicorn 2.8%

3 Decacorns($10–100B valuation)

reach Decacorn 0.28%

Pre-Seed

329

Seed

252

Series A

207

Series B

128

Series C

Unicorn

Decacorn

* 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.

Largest rounds

Largest funding rounds in Maryland

A live treemap of the largest VC rounds. Each cell is one round into Maryland-headquartered companies, grouped by Dealroom sector.

Largest rounds in Maryland - 2026

Every $15M+ VC round into Maryland-headquartered companies in 2026, grouped by Dealroom sector.

- rounds · - raised

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VC investment

How much venture capital flows into Maryland

VC investment into Maryland-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.

Academia

Maryland's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Maryland.

University-linked startup formation

207

University spinouts

1,196

Total alumni-founded companies

666

Of which startups (<$15M raised)

338

Breakouts ($15M-100M)

192

Scaleups ($100M+)

Location comparison

How Maryland stacks up

Compare Maryland 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.

Western United States (Mountain)

$367B

$272B

$254B

$242B

$202B

$177B

Maryland

$159B

Virginia

$144B

Arizona

$138B

Combined enterprise value of each ecosystem.

Top regions in United States ranked by combined EV. Maryland's row is highlighted (#12).

#	Ecosystem	Combined EV	EV growth	Unicorns	VC invested	Tracked startups
1	California	$21.5T	7.7×	1,101	$177B	36.6K
2	Western United States (Pacific, excl. Bay Area)	$4.6T	4.8×	317	$28.2B	16.4K
3	Northeastern United States	$3.4T	4.6×	652	$54.3B	30.9K
4	Washington (State)	$3T	4.5×	72	$7.3B	3,242
5	Texas	$2.7T	10.5×	128	$11.2B	6,610
6	New York State	$1.4T	5.0×	298	$30.9B	15.5K
7	Southeastern United States	$1.4T	4.8×	172	$11.5B	14.1K
8	Massachusetts	$1.2T	4.4×	210	$13.2B	6,078
9	Florida	$781B	9.6×	61	$3.7B	4,750
10	Midwestern United States	$666B	3.6×	114	$9.4B	10.7K
11	Western United States (Mountain)	$367B	4.1×	98	$9.8B	5,447
17	Maryland	$159B	4.0×	33	$2.3B	1,379

More data

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Country United States Country · North America · Pop. 340.1M · #1 country by EV Region North America Continent / region · Pop. 60M · #2 region by EV

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