[ad_1]
M&A, venture capital, private investment, and IPO financing for MoCo companies
Rockville, Maryland, January 24, 2024 /PRNewswire/ — Montgomery County, Marylandcompanies expect strong investment in 2023; $2.2 billion Generated through over 100 transactions. Companies across a wide range of industries, from life sciences and technology to manufacturing and real estate, made significant investments, setting the economy on a positive course for 2024.
life sciences companies montgomery county It continues to be a strong driver of investment. 500 million dollars Generated in 2023. montgomery county supports the thriving BioHealth Capital Region, which has risen from No. 4 to No. 3 in the top 10 U.S. biopharmaceutical clusters.
recent highlights in montgomery county Continued life science success includes:
- Deca Bioscience closed $60 million To continue developing medicines for patients suffering from cancer and autoimmune diseases.
- Welcome to Amgen montgomery county through $28 billion Acquired Horizon Therapeutics and is currently building a North American technical center rock building;
- Together, the influence of MilliporeSigma and Horizon Therapeutics, two life science leaders and soon-to-be neighbors, represents much more. 500 million dollars Invested in new facilities.
- Selecta Biosciences merges with Cartesian Therapeutics. $60.25 million Descartes’ private financing transactions.
“Deka Biosciences is in montgomery county Business Innovation Network” Deca President & CEO John Mumm. “Without them, we wouldn’t be here today. They’ve allowed us to grow faster than I’ve ever grown a company,” he explained of the incubator facility.
In 2023, nine manufacturing companies received funding, including homegrown success story MasPanadas. With the recent influx of investment, MasPanadas is in the process of building a space that will triple its square footage to his 18,000 square meters while adding another 70 of his employees.
“We continue to grow here and continue to do so with tremendous growth in our annual sales and customer base, including carrying our products in national grocery chains.” margarita womack, founder of MasPanadas. ”montgomery county We are a great partner for connecting you to programs, tax credit assistance, and funding. We are excited about our growth and expansion plans. ”
Another highlight in the manufacturing space is Eat the Change. $14 million Investing in venture capital.co-owner Seth GoldmanHe is also the co-founder of PLNT Burger and Honest Tea.downtown bethesda It may not be Silicon Valley or Route 128, but its vibrant startup community and experienced employees make it the perfect place for us to launch and scale a mission-driven tea brand. Helped me…twice! Success with Honest Tea helped launch our company just iced tea Close Series A within 90 days $14 million Financing available in just 60 days. just iced teaEat the Change, a product of mission-based Eat the Change, is currently the best-selling organic tea brand in the country and we look forward to continued expansion into mainstream channels. ”
Technology leaders continue to grow montgomery county, nearly 50 companies have received funding. Companies include Quantum Xchange, GivHero, and Aledade. rock building-Received the base N5 sensor $2.5 million In funding a unique cloud-connected ecosystem of smart sensors to protect people from environmental hazards. N5 Sensors CEO Abhishek Motayed In the three years since he joined, he said the company has grown from seven people to more than 25 people. montgomery county. “We plan to open our second facility, a high-tech semiconductor manufacturing center, to support advanced research and development and product offerings for a variety of critical markets, from defense to environmental detection.”
montgomery county For companies with diverse economies, talented talent pools, access to capital, and support from key federal agencies such as the National Institutes of Health (NIH), Food and Drug Administration (FDA), and National Institute of Standards and Technology. A welcoming base. (NIST).
“By many measures, 2023 was a very good year for America. montgomery county We commend the Montgomery County Economic Development Corporation for their successful efforts,” the county executive said. mark elrich. “We are expanding our economy by building on our strengths and opening doors to new opportunities. We are better equipped to deal with difficult problems and we are making progress. was reinforced during our economic development visit. Taiwan, Indiaand Vietnam last year.People all over this country and around the world know Montgomery County, Maryland, as a welcoming and diverse place with a wealth of talent and a lot of potential. We look forward to further financial success in 2024. ”
“Solid investment is montgomery county The company’s growth is a testament to our pioneering spirit, diversity and excellent environment for business growth.” bill tompkins, President and CEO of the Montgomery County Economic Development Corporation. “While the entire country is experiencing a financial slump, montgomery county Business continues to perform well, particularly in the life sciences sector. ”
For more information about the business, Montgomery County, Maryland, visit thinkmoco.com or the Montgomery County Business Center. See the complete list of investments for 2023. montgomery county The company here.
Source: PitchBook, accessed January 23, 2024
About Montgomery County Economic Development Corporation (MCEDC)
Montgomery County Economic Development Corporation (MCEDC) It is a public-private economic development organization representing the . Montgomery County, Maryland. Founded in 2016, his MCEDC is led by a board of executives. Its mission is to help businesses start, grow, and relocate. montgomery county By helping you access top talent, business and market intelligence, and prime locations, learn more. Website.follow me twitter, Facebookand linkedin.
contact:
michael mitchell
MCEDC,
Vice President of Marketing & Communications
240-641-6725
[email protected]
SOURCE Montgomery County Economic Development Corporation
[ad_2]
Source link
