Expect the Maryland Venture Fund to lead more investment rounds

Maryland Venture Fund’s lead investment in an expanded Series A round in a health technology company based in the state is the start of what its director sees as the future of the taxpayer-backed fund.

Columbia, Maryland-based Healthcare Interactive announced May 11 a $3.4 million add-on investment to bring its total A round to more than $11.8 million. Vienna-based Grotech Ventures and Birmingham, Alabama-based Harbert Management Corp., among others, are also investors in the round.

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