Baltimore's startup landscape is heavily defined by the health and biotechnology industries. Companies in this space are attracting considerable capital for growth.
Health care provider AbsoluteCARE has raised $252M to expand its services. Following this trend, b.well Connected Health secured $118.8M for its digital health platform.
Below is our list of 6 Baltimore startups worth keeping an eye on.
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Get the Sheet for $50EcoMap Technologies builds an AI-powered platform that enables organizations to create a central, digital hub for their ecosystem. Their software automatically aggregates data on people, resources, and organizations to make information more accessible for communities and industries.
| Year Founded | 2018 |
| Founders | Anthony Caesar, Pava LaPere, Sherrod Davis |
| Funding Amount | $14.3M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Undisclosed |
| Top Investors | TEDCO, Techstars, Las Olas Venture Capital, Cofounders Capital, Conscious Venture Lab |
b.well Connected Health built a digital platform that gives individuals a single, comprehensive view of their health data. Their system pulls together information from doctors, labs, and insurance plans to help people manage their own healthcare journey.
| Year Founded | 2015 |
| Founders | Bryan Jones, Kristen Valdes |
| Funding Amount | $118.8M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Debt Financing |
| Top Investors | Trinity Capital, Portfolia, Capital Factory, RTI International, Keiretsu Capital |
Rapafusyn Pharmaceuticals develops a novel class of therapeutics using natural product-like macrocycles. They license this proprietary technology to partners, aiming to accelerate the discovery of new medicines for various diseases.
| Year Founded | 2015 |
| Founders | — |
| Funding Amount | $44M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | 3E Bioventures, Lapam Capital, BioTrack Capital, Yonjin Venture, Prox Ventures |
Haystack Oncology created a highly sensitive liquid biopsy technology to find trace amounts of cancer after initial treatment. Their platform analyzes circulating tumor DNA, giving doctors critical information to guide personalized follow-up care for patients.
| Year Founded | 2021 |
| Founders | Bert Vogelstein, Dan Edelstein, Kenneth Kinzler, Nickolas Papadopoulos |
| Funding Amount | $56M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series A |
| Top Investors | Catalio Capital Management, Bruker, Alexandria Venture Investments, Exact Ventures |
AbsoluteCARE operates patient-centered Ambulatory ICUs that deliver comprehensive primary and preventative care to vulnerable populations. Their model focuses on treating chronically ill members with integrated services that address both medical needs and social determinants of health.
| Year Founded | 2000 |
| Founders | Alan S. Cohn |
| Funding Amount | $252M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Private Equity |
| Top Investors | Kinderhook Industries, Pacific Life, Lexington Partners, CVS Health Ventures |
Royal Farms operates a chain of convenience stores across the Mid-Atlantic, providing customers with fuel and fresh, fast food. The company is especially known for its World-Famous Fried Chicken, a signature offering that has become a regional staple.
| Year Founded | 1959 |
| Founders | — |
| Funding Amount | $1.8M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Grant |
| Top Investors | Delaware Department of Transportation |