D.C.-area tech companies who pulled in sizable investments contributed to a big venture capital fundraising quarter for the D.C. area to start 2018.
Overall, D.C.–area companies raised $526.6 million in the first quarter of 2018, according to the most recent MoneyTree report compiled by PricewaterhouseCoopers and CB Insights. That total is up about $50 million from the first quarter last year. However, the number of deals at 37 is lower than any quarter in 2017.
A big chunk of that money came from a $250 million raise for Gaithersburg, Md.–based biotech company Viela Bio as it spun out of MedImmune. But software companies also played a role with a trio of companies announcing their second institutional rounds. Let’s review:
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