Top Maryland IT Venture Firms

Maryland's top venture capital firms investing in IT and software include New Enterprise Associates, TEDCO, JMI Equity, ABS Capital Partners, TDF Ventures, NextGen Venture Partners, and Lockheed Martin Ventures. These firms back cybersecurity, cloud, SaaS, AI, and enterprise software startups from Baltimore to Chevy Chase to Bethesda.

Maryland is home to hundreds of tech companies, and that isn't a coincidence. The state's tech-friendly environment, combined with major research institutions and federal agencies, has created fertile ground for innovation. Its focus on IT has attracted a wealth of talent, resources, and investors, the kind who are always ready to back an innovative venture and help turn it into a future unicorn.

Maryland alone accounts for 800+ investors in the AngelMatch investor database. Ready to learn more about these top startup investors in Maryland?

Well, let's get straight to it!

Top Venture Capital Firms in Maryland Who Invest in The IT Sector

New Enterprise Associates

• Contact: [email protected]

• Website:NEA: New Enterprise Associates

• Focused Sectors: Cloud Computing, Artificial Intelligence, Cybersecurity, Internet of Things (IoT), Big Data, Fintech, E-commerce, Social Media, Gaming, EdTech, Pharmaceuticals, Medical Devices, Biotechnology, Healthcare IT, Transportation, and Entertainment

• Funding Stages: Early/Growth

• Present in: Chevy Chase (Maryland), Menlo Park, San Francisco, and New York

• Notable Investments: Duolingo, Squarespace, Databricks, and JET.

NEA is one of the most prominent VC funds investing in startups worldwide. It was founded by Dick Kramlich, Chuck Newhall, and Frank Bonsal in 1977, with early offices in Baltimore and Menlo Park. Over more than four decades, NEA has helped drive more than 280 IPOs and over 500 acquisitions across many industries.

With more than $28 billion in assets under management, NEA invests in technology and healthcare companies at every stage, from seed through growth, including startups working in artificial intelligence and big data.

NEA's team looks for startups with strong leadership teams, innovative solutions, and large addressable markets, investing across the full company lifecycle depending on the stage and needs of the business.

Maryland TEDCO

• Contact: [email protected]

• Website: TEDCO

• Focused Sectors: Cyber Security, Enterprise Software, Information Technology, SaaS, Security, Messaging, Mobile, Financial Services, FinTech, Hardware, Software, Mobile Apps, Healthcare, Retail, Robotics, Artificial Intelligence, Big Data, Machine Learning, Marketing, Predictive Analytics, Sales

• Funding Stages: Early/Seed

• Present in: Maryland

• Notable Investments: Personal Genome Diagnostics, Harpoon Medical, Zalgen Labs, and Gliknik

Founded in 1998, TEDCO (the Maryland Technology Development Corporation) was established by the state of Maryland to support early-stage technology companies and foster economic growth through innovation.

Unlike traditional venture capital firms, TEDCO acts as a state-backed organization with a mission to support startups through funding, mentorship, and access to resources.

TEDCO's investment approach is unique; it provides several types of funding programs, including pre-seed, seed, and venture capital. The team focuses on innovative tech-driven companies that have a clear commercialization path and strong potential for growth.

TEDCO's investments are typically early-stage, made through its seed and pre-seed funding programs.

JMI Equity

• Contact: [email protected]

• Website: JMI Equity

• Focused Sectors: IT, Software, Edtech, Healthtech, Cleantech, Agtech, Finance, and Security.

• Funding Stages: Growth/Early

• Present in: Baltimore, Washington DC, and San Diego

• Notable Investments: Seismic, Chronus, PointClickCare, Huntress, UKG (Ultimate Kronos Group), and OpenSesame

As one of the most active investors in Maryland, JMI Equity is a growth equity firm with offices in Baltimore, Washington DC, and San Diego. The firm was founded in 1992 by Harry Gruner and Charles Noell, and it specializes in investing in high-growth SaaS and tech-enabled services companies.

Over the last three decades, JMI has invested in nearly 200 software companies, providing strategic guidance and financial backing to fuel their growth.

JMI Equity has straightforward investment requirements: it funds companies with strong recurring revenue, scalable products, and experienced management teams. The firm typically invests between $25 million and $250 million in lower-middle-market software companies.

ABS Capital Partners

• Contact: [email protected]

• Website: ABS Capital

• Focused Sectors: Technology, Life Sciences, Women-Led Businesses, Fintech

• Funding Stages: Growth Stage

• Present in: Washington and Baltimore

• Notable Investments: Alarm.com, ZoomInfo, Cordial

ABS Capital Partners brings a steady hand and deep expertise to growth-stage companies. Based in Baltimore and Washington, ABS Capital focuses on technology and life sciences, often working with companies that are ready to expand but need a push in terms of resources and expertise. Across more than three decades, ABS has invested in approximately 130 companies across eight funds.

ABS Capital Partners typically invests between $10 million and $25 million per company, depending on the opportunity.

TDF Ventures

• Contact: [email protected]

• Website: TDF Ventures

• Focused Sectors: SaaS, Software, Digital Marketing, Small and Medium Businesses, B2B, Enterprise Software, Human Resources, Life Insurance, Aerospace, Drone Management, Drones, Women Founded, Artificial Intelligence, Broadcasting, Content, Digital Media

• Funding Stages: Early and Seed

• Present in: Chevy Chase (Maryland), Washington DC, and Silicon Valley

• Notable Investments: Expel, EdgeConneX, NS1, Catalytic, and CounterFlow AI

Funding startups for two decades, TDF Ventures is a venture capital firm based in Chevy Chase, Maryland, with additional offices in Washington DC and Silicon Valley. The firm was founded in 2004 by Jim Pastoriza and Will Rayner, and it focuses on early-stage enterprise companies.

TDF Ventures invests in early-stage companies with strong founding teams and scalable business models that can grow quickly in competitive markets, typically led by experienced founders.

On average, TDF Ventures makes initial investments of $5 million to $10 million in companies with innovative solutions and the potential for large-scale adoption.

NextGen Venture Partners

• Contact: [email protected]

• Website: NGVP

• Focused Sectors: Edtech, Cleantech, Fintech, IT, Industrial Manufacturing, Manufacturing, Food and Beverage, Supply Chain Management, Logistics, Transportation, Building Material, E-Commerce, Electronics, Customer Service, Innovation Management, Marketing, Outdoors, Computer, Automotive

• Funding Stages: Early stage

• Present in: Baltimore

• Notable Investments: UrbanStems and FiscalNote

NextGen Venture Partners stands out with a community-driven approach to venture capital, tapping a national network of over 1,800 venture partners who collectively bring capital, resources, and mentorship to early-stage companies. In 2018 the firm was acquired by Baltimore-based Brown Advisory.

NextGen prioritizes companies with strong leadership teams, disruptive products, and high growth potential.

NextGen typically invests in early-stage companies, making initial investments ranging from $500,000 to $2 million.

Lockheed Martin Ventures

• Contact: [email protected]

• Website:Lockheed Martin Ventures

• Focused Sectors: Artificial intelligence, cybersecurity, autonomous systems, space technologies, and advanced manufacturing

• Funding Stages: Early stage

• Present in: Bethesda, Maryland

• Notable Investments: Terran Orbital, Cybereason, Ocean Aero, Axiom Space, and BlackSky

Lockheed Martin Ventures was established in 2007 as the venture capital arm of Lockheed Martin, the global aerospace and defense giant headquartered in Bethesda, Maryland. It invests in startups developing groundbreaking, dual-use technologies. In April 2026, Lockheed increased the fund's capacity to $1 billion, and it has now backed more than 120 companies.

Lockheed Martin Ventures invests from early through growth stages, favoring companies with dual-use technologies that have applications in both commercial and defense markets.

Its typical check size ranges from $1 million to $5 million.

Wrap-Up:

Summing it up, Maryland's thriving tech ecosystem is supported by dozens of top-tier venture capital firms. From general software and cybersecurity to cutting-edge defense and space technologies, these investors are actively seeking innovative companies with the potential for rapid growth.

As a founder planning to pitch to these investors, you should have a clear, compelling vision and a scalable business model that aligns with the investor's focus. Show strong market demand, highlight a dedicated team, and discuss future exits. If you are raising in a specific niche, we also break down Maryland's fintech investors for fintech founders.

Frequently Asked Questions About Maryland IT Venture Firms

Which venture capital firms in Maryland invest in IT and software?

Maryland's most active IT and software investors include New Enterprise Associates, TEDCO, JMI Equity, ABS Capital Partners, TDF Ventures, NextGen Venture Partners, and Lockheed Martin Ventures. They fund cybersecurity, cloud, SaaS, AI, and enterprise software companies at stages ranging from seed and early-stage venture through later growth rounds.

Do Maryland IT venture firms invest at the seed and early stage?

Yes. TEDCO runs seed and pre-seed programs for early-stage Maryland companies, and TDF Ventures and NextGen Venture Partners focus on early-stage and seed rounds. New Enterprise Associates invests across every stage, from seed through growth, while JMI Equity and ABS Capital concentrate on later growth-stage software companies.

How much do Maryland venture capital firms typically invest?

Check sizes vary widely by firm and stage. Early-stage investors like TDF Ventures and NextGen write smaller checks, often from a few hundred thousand to a few million dollars. Growth-stage firms such as JMI Equity invest much larger amounts, in JMI's case typically $25 million to $250 million per company.

How can I get in front of Maryland IT investors?

Match your startup to firms that fund your sector and stage, then reach out with a clear pitch deck and evidence of market demand. AngelMatch's Investor Directory lets you find investors in Maryland by allowing you to filter by industry, investment stage and investor type so you find the right ones for your business in no time.