39 venture capital firms in Maryland
We list 39 venture capital firms in Maryland as of November 2026: each has an SEC filing on file, and the list was last checked on 6 Nov 2026. The cities with the most head offices on this list are Baltimore (8), Bethesda (7) and Chevy Chase (5).
Top 10 venture capital firms in Maryland, ranked by recent fund activity
Among firms with a published profile and a dated fund or deal in the last 24 months. The rule: Activity score out of 100: recency of the latest fund filing or dated deal (50: full marks within 3 months, then stepping down at 6, 12 and 24 months), size of the fund on file on a log scale (35) and completeness of the public record (15). It is a measure of activity and fit, not of quality or returns. The same rule orders the whole list; it is repeated in the method box.
Cambium Capital
Type: VC firm · HQ: Highland, MD · Stages: Seed · Focus: AI, Semiconductor, Deep Tech, Cybersecurity · Latest activity: New deal, Sep 2026 · Fund size on file: $74M (SEC Form D, 2021)
Dated new deal in Sep 2026; $74M fund on file (SEC Form D, 2021); backs seed; 6 named decision-makers on file.
Grit Capital Partners
Type: VC firm · HQ: Mount Washington, MD · Stages: Pre-seed, Seed · Focus: Media, AI, Fintech, Healthtech · Latest activity: New deal, Aug 2026 · Fund size on file: $10M (SEC Form D, 2025)
Dated new deal in Aug 2026; $10M fund on file (SEC Form D, 2025); backs pre-seed, seed; 8 named decision-makers on file.
LFC LifeCycle
Type: VC firm · HQ: Chevy Chase, MD · Focus: Healthtech, AI, Biotech, SaaS · Latest activity: New fund, Sep 2026 · Fund size on file: $5M (SEC Form D, 2026)
Latest fund filing dated Sep 2026; $5M fund on file (SEC Form D, 2026); 1 named decision-maker on file.
Lichen Ventures
Type: VC firm · HQ: Baltimore, MD · Stages: Seed · Focus: Climate Tech, Industrial Tech, Energy, Biotech · Latest activity: New fund, Jun 2026 · Fund size on file: $20M (SEC Form D, 2025)
Latest fund filing dated Jun 2026; $20M fund on file (SEC Form D, 2025); backs seed; 5 named decision-makers on file.
Squadra Ventures
Type: VC firm · HQ: Baltimore, MD · Stages: Pre-seed, Seed, Series A · Focus: Cybersecurity, Defense Tech, Generalist · Latest activity: New fund, Mar 2026 · Fund size on file: $24M (SEC Form D, 2026)
Latest fund filing dated Mar 2026; $24M fund on file (SEC Form D, 2026); backs pre-seed, seed, Series A; 8 named decision-makers on file.
Terrain
Type: VC firm · HQ: Hunt Valley, MD · Stages: Seed · Focus: AI, Energy, Crypto and Web3, Robotics · Latest activity: New fund, Jul 2026
Latest fund filing dated Jul 2026; backs seed; 1 named decision-maker on file.
BroadOak Capital Partners
Type: VC firm · HQ: Bethesda, MD · Stages: Growth · Focus: Biotech, Healthtech, Industrial Tech, SaaS · Latest activity: Portfolio news, Apr 2026 · Fund size on file: $11M (SEC Form D, 2021)
Portfolio news dated Apr 2026; $11M fund on file (SEC Form D, 2021); backs growth-stage; 8 named decision-makers on file.
Resolve Growth Partners
Type: VC firm · HQ: Baltimore, MD · Stages: Growth · Focus: SaaS · Latest activity: New fund, Apr 2025 · Fund size on file: $175M (SEC Form D, 2023)
Latest fund filing dated Apr 2025; $175M fund on file (SEC Form D, 2023); backs growth-stage; 2 named decision-makers on file.
PTX Capital
Type: VC firm · HQ: Baltimore, MD · Focus: Healthtech, Medtech · Latest activity: New fund, Jun 2026
Latest fund filing dated Jun 2026; 1 named decision-maker on file.
Latimer Ventures
Type: VC firm · HQ: Baltimore, MD · Stages: Seed · Focus: SaaS, B2B · Latest activity: New deal, Aug 2025 · Fund size on file: $2M (SEC Form D, 2022)
Dated new deal in Aug 2025; $2M fund on file (SEC Form D, 2022); backs seed; 1 named decision-maker on file.
First 19 of 39 venture capital firms in Maryland
| Investor | Type | HQ | Stagesour research | Focusour research | Latest fund or deal | Fund sizeas filed or stated | Checked | Contacts |
|---|---|---|---|---|---|---|---|---|
| Cambium Capital | VC firm | Highland, MD | Seed | AI, Semiconductor, Deep Tech, Cybersecurity | New deal, Sep 2026 | $74M (SEC Form D, 2021) | 4 Nov 2026 | 6 names, firm email · Unlock |
| Grit Capital Partners | VC firm | Mount Washington, MD | Pre-seed, Seed | Media, AI, Fintech, Healthtech | New deal, Aug 2026 | $10M (SEC Form D, 2025) | 5 Nov 2026 | 8 names, firm email · Unlock |
| LFC LifeCycle | VC firm | Chevy Chase, MD | Healthtech, AI, Biotech, SaaS | New fund, Sep 2026 | $5M (SEC Form D, 2026) | 4 Nov 2026 | 1 name, firm email · Unlock | |
| Lichen Ventures | VC firm | Baltimore, MD | Seed | Climate Tech, Industrial Tech, Energy, Biotech | New fund, Jun 2026 | $20M (SEC Form D, 2025) | 4 Nov 2026 | 5 names · Unlock |
| Squadra Ventures | VC firm | Baltimore, MD | Pre-seed, Seed, Series A | Cybersecurity, Defense Tech, Generalist | New fund, Mar 2026 | $24M (SEC Form D, 2026) | 4 Nov 2026 | 8 names, firm email · Unlock |
| Terrain | VC firm | Hunt Valley, MD | Seed | AI, Energy, Crypto and Web3, Robotics | New fund, Jul 2026 | 4 Nov 2026 | 1 name · Unlock | |
| BroadOak Capital Partners | VC firm | Bethesda, MD | Growth | Biotech, Healthtech, Industrial Tech, SaaS | Portfolio news, Apr 2026 | $11M (SEC Form D, 2021) | 5 Nov 2026 | 8 names · Unlock |
| Resolve Growth Partners | VC firm | Baltimore, MD | Growth | SaaS | New fund, Apr 2025 | $175M (SEC Form D, 2023) | 5 Nov 2026 | 2 names · Unlock |
| PTX Capital | VC firm | Baltimore, MD | Healthtech, Medtech | New fund, Jun 2026 | 4 Nov 2026 | 1 name, firm email · Unlock | ||
| Grotech Ventures | VC firm | Hunt Valley, MD | Seed | Future of Work, SaaS, B2B, Logistics | New deal, Dec 2023 | $150M (SEC Form D, 2021) | 5 Nov 2026 | 8 names, firm email · Unlock |
| TDF Ventures | VC firm | Chevy Chase, MD | Seed, Series A | B2B, SaaS, Developer Tools | $210M (SEC Form ADV) | 5 Nov 2026 | No contact on file | |
| Atlantica Ventures | VC firm | Takoma Park, MD | Seed, Series A, Series B | Fintech, AI, Insurtech, SaaS | New deal, Aug 2023 | $75M (SEC Form D, 2022) | 5 Nov 2026 | 8 names, firm email · Unlock |
| QuestMark Partners | VC firm | Ellicott City, MD | Growth | Healthtech, Cybersecurity, Fintech, Consumer | $39M (SEC Form ADV) | 5 Nov 2026 | 5 names · Unlock | |
| Crestone EM Fintech | VC firm | Chevy Chase, MD | Fintech, Mobility | New fund, May 2023 | $50M (SEC Form D, 2023) | 5 Nov 2026 | 3 names · Unlock | |
| Latimer Ventures | VC firm | Baltimore, MD | Seed | SaaS, B2B | New deal, Aug 2025 | $2M (SEC Form D, 2022) | 5 Nov 2026 | 1 name · Unlock |
| Longevity Venture Partners | VC firm | Baltimore, MD | Seed | Healthtech, AI, Medtech | New fund, Feb 2023 | 5 Nov 2026 | 3 names · Unlock | |
| Adelphi Ventures | VC firm | North Bethesda, MD | Biotech, Healthtech, AI, Medtech | New fund, Aug 2024 | 5 Nov 2026 | 2 names · Unlock | ||
| NEA | VC firm | Timonium, MD | Pre-seed, Seed, Series A, Series B, Growth | AI, Healthtech, Fintech, Biotech | New deal, Jul 2026 | $3.7B (SEC Form D, 2021) | 6 Nov 2026 | 8 names · Unlock |
| BANG AMI Labs | VC firm | Baltimore, MD | New fund, Oct 2026 | $50M (SEC Form D, 2026) | 4 Nov 2026 | 4 names · Unlock |
You are seeing 19 of 39. The full list adds 20 more firms and 126 named decision-makers.
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How these 39 break down
By city
| City | On this list | Share |
|---|---|---|
| Baltimore | 8 | 21% |
| Bethesda | 7 | 18% |
| Chevy Chase | 5 | 13% |
| Hunt Valley | 3 | 8% |
| Rockville | 3 | 8% |
| Highland | 2 | 5% |
| Fulton | 2 | 5% |
By stage
| Stage | On this list | Share |
|---|---|---|
| Pre-Seed | 3 | 8% |
| Seed | 12 | 31% |
| Series A | 5 | 13% |
| Series B | 3 | 8% |
| Growth | 6 | 15% |
Stage is our research. A firm can back more than one stage.
By sector
| Sector | On this list | Share |
|---|---|---|
| SaaS | 16 | 41% |
| AI | 12 | 31% |
| Healthtech | 9 | 23% |
| Fintech | 7 | 18% |
| Medtech | 7 | 18% |
| Biotech | 5 | 13% |
| Cybersecurity | 4 | 10% |
| Consumer | 4 | 10% |
| Deep Tech | 3 | 8% |
| Industrial Tech | 3 | 8% |
| Energy | 3 | 8% |
| B2B | 3 | 8% |
Sector is our research. A firm can carry more than one sector.
Method and limits
- Source
- All 39 rows carry an SEC filing (Form D or Form ADV). 22 of the 39 have a website we checked; the other 17 rest on the filing or register entry alone. Filing date and fund size are SEC data where a filing exists. Stage, sector and check size are our research.
- Inclusion rule
- Organizations that back startups. Individuals, buyout funds and firms we found to be inactive are left out. This list holds VC firms, fund managers and corporate venture arms; accelerators and angel networks are in their own lists. Place: head office in Maryland.
- Order
- Firms with a published profile come first. Activity score out of 100: recency of the latest fund filing or dated deal (50: full marks within 3 months, then stepping down at 6, 12 and 24 months), size of the fund on file on a log scale (35) and completeness of the public record (15). It is a measure of activity and fit, not of quality or returns.
- Last refreshed
- November 2026. Rows on this list were checked between 4 Nov 2026 and 6 Nov 2026.
- Fill rates
- Of 39 rows: stage 17, sector 23, fund size 30, website 22. In the paid file: named decision-makers on 36 rows, firm email on 7, LinkedIn page on 11, check size on 0.
- Corrections
- Email [email protected] or use the update form. We act within 5 working days.
Questions
How many VC firms are in Maryland?
We list 39 as of November 2026. 20 of the 39 have a fund filing or a dated deal in the last 12 months.
Which cities in Maryland have the most VC firms?
Baltimore (8), Bethesda (7) and Chevy Chase (5).
Which Maryland VC funds filed with the SEC in the last 12 months?
17 of the 39 have a fund filing dated in the last 12 months. The most recent on this list are SCP Opportunity (Oct 2026), BANG AMI Labs (Oct 2026) and Knollwood Alpha Strategy (Sep 2026).
What stages do venture capital firms in Maryland back?
Of the 17 with a stage on file, seed (12), growth-stage (6) and Series A (5). A firm can back more than one stage, and 22 rows have no stage on file yet.
Where does the data on venture capital firms in Maryland come from and how often is it updated?
All 39 rows have an SEC filing on file (Form D or Form ADV). Filing date and fund size come from the filing. Stage, sector and check size are our research. Rows on this list were last checked on 6 Nov 2026 at the latest. The whole file is re-verified twice a year.
Can I download the list of venture capital firms in Maryland as a spreadsheet?
Yes. The file holds all 39 rows in Excel and CSV, with 126 named decision-makers and 7 firm emails, for $49 one-time. 19 rows are free on this page.
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