Venture Capitalists Who Invested the Most in Maryland in 2013

 Venture Capitalists Who Invested the Most in Maryland in 2013A recent story filed by the Baltimore Business Journal listed the top 5 venture capitalist firms that invested in Maryland-based companies. The list relied on data gathered from the National Venture Capitalist Association (NVCA), a national organization whose mission is to “empower its members and the entrepreneurs they fund by advocating for policies that encourage innovation and reward long-term investment.”

The honor for top investor in Maryland companies goes to Oak Investment Partners (Oakinv.com), based out of Greenwich, Connecticut. In the year 2013, Oak Investment Partners supported Maryland companies with $75 million in investment funds. Of special interest is Brian Hinman, a graduate of the University of Maryland and venture partner at Oak Investment partners. Hinman sponsors the Hinman CEO (Campus Entrepreneurship Opportunities) Program at the University of Maryland and remains a Steering Committee member at the University of Maryland Energy Research Center.

Second in line is Sandbox Industries LLC (Sandboxindustries.com). In 2013 this investment team out of Chicago funneled $55.81 million into Maryland companies. Third Security LLC (Thirdsecurity.com) invested a total of $51.4 million in Maryland companies in 2013, which makes them the third largest investor in the state. Coming in fourth at an even $50 million is another Connecticut based company, this time by J. H. Whitney & Co. LLC (Whitney.com). Learn more about the companies here.

The 5th ranked investor is also the only Maryland company, Woodbrook Capital Inc, which was founded in 1988. Headquartered in Towson, in 2013 Woodbrook Capital invested $27.82 million in Maryland. According to Bloomberg Businessweek, “The firm invests in privately held businesses as well as divisions or subsidiaries of larger enterprises. It prefers to invest in healthcare, real estate, and building materials. The firm invests in companies located in the Mid-Atlantic region but will consider investments anywhere in the continental United States.”

Of related interest to venture capitalism projects in the state is InvestMaryland, which hosts an annual early stage business competition for “independent ventures in the seed, start-up, or early-growth stages.” Each year the competition awards $400,000 in grants and business services to a variety of companies in high tech industries and/life sciences. In fact, late last month the Maryland Department of Business and Economic Development (DBED) announced its 12 finalists (out of 260 applicants) for this year’s prize. Click here to read the article.

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