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Government
maryland.gov

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Investments

91

Portfolio Exits

30

Partners & Customers

10

About Maryland Department of Business & Economic Development

Maryland Department of Business & Economic Development (DBED) offers grants, loands and investments to support economic development initiatives.

Maryland Department of Business & Economic Development Headquarter Location

World Trade Center 401 East Pratt Street

Baltimore, Maryland, 21202,

United States

410-767-6300

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Maryland Department of Business & Economic Development Investments

91 Investments

Maryland Department of Business & Economic Development has made 91 investments. Their latest investment was in Maryland Tech Council as part of their Grant - III on April 4, 2022.

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Maryland Department of Business & Economic Development Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/22/2022

Grant - III

Maryland Tech Council

$2.5M

Yes

1

6/30/2015

Debt

Assisted Multicare Transportation

$0.05M

Yes

1

6/29/2015

Debt

Tenable

$1M

Yes

1

5/7/2015

Grant

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$99M

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10

5/7/2015

Grant

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$99M

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10

Date

4/22/2022

6/30/2015

6/29/2015

5/7/2015

5/7/2015

Round

Grant - III

Debt

Debt

Grant

Grant

Company

Maryland Tech Council

Assisted Multicare Transportation

Tenable

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Amount

$2.5M

$0.05M

$1M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

Maryland Department of Business & Economic Development Portfolio Exits

30 Portfolio Exits

Maryland Department of Business & Economic Development has 30 portfolio exits. Their latest portfolio exit was Fugue on February 17, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/17/2022

Acquired

$99M

2

1/19/2022

Acquired

$99M

3

11/24/2021

Acquired

$99M

4

8/2/2021

Acquired

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$99M

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10

3/17/2021

Acquired

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$99M

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10

Date

2/17/2022

1/19/2022

11/24/2021

8/2/2021

3/17/2021

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

3

4

10

10

Maryland Department of Business & Economic Development Partners & Customers

10 Partners and customers

Maryland Department of Business & Economic Development has 10 strategic partners and customers. Maryland Department of Business & Economic Development recently partnered with International Game Technology on April 4, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

4/20/2021

Vendor

United States

US – IGT to deploy INTELLIGEN system with the Maryland Lottery and Gaming Commission

`` IGT has been the Maryland Lottery and Gaming Commission 's trusted partner and the sole provider of its VLT systems since the State 's first casino opened in 2010 .

1

6/5/2020

Partner

United States

Photo by Amy McLaughlin/PIH. PIH Liberia, Government Partners Establish New COVID-19 Center.

In collaboration with Liberia 's Ministry of Health , National Public Health Institute , and Maryland County Health Team , Partners In Health Liberia is operating a 26-bed quarantine center in the coastal city of Harper , supporting the government 's COVID-19 response across Maryland County in Liberia 's southeast .

1

3/14/2019

Vendor

United States

Ivalua Selected by State of Maryland to Power ‘eMaryland Marketplace Advantage’ e-procurement system

Ivalua Inc. Selected by State of Maryland to Power ` eMaryland Marketplace Advantage ' e-procurement system .

1

6/19/2018

Partner

Canada

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10

3/26/2018

Vendor

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10

Date

4/20/2021

6/5/2020

3/14/2019

6/19/2018

3/26/2018

Type

Vendor

Partner

Vendor

Partner

Vendor

Business Partner

Country

United States

United States

United States

Canada

News Snippet

US – IGT to deploy INTELLIGEN system with the Maryland Lottery and Gaming Commission

`` IGT has been the Maryland Lottery and Gaming Commission 's trusted partner and the sole provider of its VLT systems since the State 's first casino opened in 2010 .

Photo by Amy McLaughlin/PIH. PIH Liberia, Government Partners Establish New COVID-19 Center.

In collaboration with Liberia 's Ministry of Health , National Public Health Institute , and Maryland County Health Team , Partners In Health Liberia is operating a 26-bed quarantine center in the coastal city of Harper , supporting the government 's COVID-19 response across Maryland County in Liberia 's southeast .

Ivalua Selected by State of Maryland to Power ‘eMaryland Marketplace Advantage’ e-procurement system

Ivalua Inc. Selected by State of Maryland to Power ` eMaryland Marketplace Advantage ' e-procurement system .

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Sources

1

1

1

10

10

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