Originally published in Technical.ly Baltimore
Startups in Baltimore have seen an uptick in funding over the last several years, but a “more robust” financing system is needed to help them grow.
That’s one of the main takeaways from Johns Hopkins’ 21st Century Cities Initiative. It’s called “Financing Baltimore’s Growth: Measuring Small Companies’ Access to Capital.”
Using data from Pitchbook, Crunchbase, investment firms and banks, the report found about $560 million was invested per year in startups and small businesses as a whole over the last couple of years, said lead author Mary Miller, a visiting senior fellow at Johns Hopkins 21st Century Cities who was the lead author on the report.