MoneyTree Venture Capital Profile for Maryland

PricewaterhouseCoopers/Venture Economics/NVCA

Venture Capital Investment in Maryland Companies

By Year

As of 03/31/2008

Year Companies Deals Investment($M)
1998 42 56335.5
1999 77 98654.8
2000 146 1771824.7
2001 76 941042.1
2002 72 91637.1
2003 82 89382.3
2004 78 88584.5
2005 88 101496.9
2006 96 110667.7
2007 86 100628.4
2008 26 26165.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Maryland Companies

By Quarter

Qtr Companies Deals Investment($M)
2006-1 25 25111.5
2006-2 32 32326.1
2006-3 30 30126.0
2006-4 23 23104.1
2007-1 20 20111.0
2007-2 24 24103.1
2007-3 15 16213.7
2007-4 40 40200.5
2008-1 26 26165.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Maryland Companies

By Industry/Technology Sector

01/01/2008 to 03/31/2008

No. Sector Companies Deals Investment($M)
1 Biotechnology 5 5 5.3
2 Software 5 5 9.8
3 Media and Entertainment 3 3 25.7
4 Networking and Equipment 2 2 17.6
5 Industrial/Energy 2 2 24.5
6 IT Services 2 2 27.0
7 Telecommunications 2 2 19.0
8 Healthcare Services 1 1 0.5
9 Business Products and Services 1 1 0.1
10 Consumer Products and Services 1 1 15.0
11 Computers and Peripherals 1 1 0.8
12 Medical Devices and Equipment 1 1 20.5
-Total 26 26165.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Maryland Companies

By Internet Related Technology

01/01/2008 to 03/31/2008

No. Industry Companies Deals Investment($M)
1 Ecommerce Goods, Services and Content 4 4 45.9
2 Internet Software,Services and Tools 4 4 14.2
3 Online Communications,Infrastructure and Hardware 3 3 21.1
-Total 11 11 81.1

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Maryland Companies

By Stage

01/01/2008 to 03/31/2008

No. Stage Companies Deals Investment($M)
1Seed2 2 20.8
2Startup9 9 24.8
3Expansion8 8 69.8
4Later Stage7 7 50.3
-Total 26 26165.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Maryland Companies

by Top County

01/01/2008 to 03/31/2008

No. County Companies Deals Investment($M)
1 MD-MONTGOMERY 15 15 99.0
2 MD-BALTIMORE 2 2 5.2
3 MD-BALTIMORE CITY 2 2 21.2
4 MD-HOWARD 2 2 10.0
5 MD-ANNE ARUNDEL 2 2 21.2
6 MD-FREDERICK 2 2 5.0
7 MD-PRINCE GEORGE'S 1 1 4.0

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Maryland Companies

By Major Metro Area

01/01/2008 to 03/31/2008

No. Area Companies Deals Investment($M)
1Washington Metroplex 26 26165.7
-Total 26 26165.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Maryland

By state of Funding Source

01/01/2008 to 03/31/2008

No. Source state Investors Deals
1 Maryland 7 18
2 Virginia 5 4
3 Connecticut 4 4
4 New York 4 4
5 Massachusetts 3 2
6 Non-US 3 2
7 Utah 1 1
8 Rhode Island 1 1
9 Pennsylvania 1 1
10 Hawaii 1 1
11 Delaware 1 1
12 California 2 1
13 New Jersey 1 1
-Total 38 52

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment by Maryland Venture Funds

By state of Companies Receiving Money

01/01/2008 to 03/31/2008

No. Target state Companies Deals
1 California 23 23
2 Maryland 22 22
3 Virginia 8 8
4 Massachusetts 7 7
5 Pennsylvania 6 6
6 New York 4 4
7 Non-US 4 4
8 Florida 3 3
9 Illinois 3 3
10 Texas 3 3
11 North Carolina 2 2
12 Colorado 2 2
13 Washington 2 2
14 Utah 2 2
15 Arizona 1 1
16 Georgia 1 1
17 Minnesota 1 1
18 Montana 1 1
- Total 95 95

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Backed IPOs in Maryland

By Year

As of 03/31/2008

Year Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
1998 1 43.8 213.3
1999 4575.7 2840.2
2000 71612.0 13510.8
2003 1120.0 455.0
2005 3231.5 626.3
2006 3188.5 832.5
2007 2129.7 826.6

© 2008 Venture Economics/NVCA

Data current as of 15-APR-2008

Venture Capital Backed IPOs in Maryland

By Quarter

Qtr Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
2006-1 1 35.0 118.3
2006-2 2153.5 714.2
2007-1 1 86.5 346.7
2007-3 1 43.1 479.9
Total 53219.3 20963.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investing in Maryland

Most Active Venture Investors

01/01/2008 to 03/31/2008

No. Firm Companies Deals Investment($M)
1Maryland Technology Developmen7 7 0.5
2Maryland DBED (AKA:Dept. of Bu4 4 2.8
3Novak Biddle Venture Partners,3 3 7.2
4CCP Equity Partners (FKA: Con1 1 0.2
5Calvert Funds1 1 0.5
6Capital Trust, Ltd.1 1 0.5
7Columbia Capital LLC1 1 1.3
8Cross Creek Capital, an affili1 1 0.2
9D. E. Shaw Group, The1 1 15.0
10EnerTech Capital (FKA: EnerTec1 1 0.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Backed IPOs in Maryland

Top IPOs

01/01/2008 to 03/31/2008

No. Company IPO DATE Money Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
-All Companies- 0.0 0.0

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Profile Created:04/16/2008