Top 11 Angel Investors in Maryland [2023]

Angel investors are a crucial part of the startup ecosystem. They help startups get started and grow by providing capital, advice, and connections. Angel investors are typically high-grade individuals with business experience who want to put their money into promising startups for return on investment or for personal satisfaction. Here is a list of some of Maryland’s top angel investors:

1. Greenspring Associates

Greenspring Associates is a venture capital and private equity investment firm that provides growth equity capital to emerging companies. Greenspring has invested in more than 80 companies since its founding in 1983, including Uber, Airbnb, Dollar Shave Club and Snagajob. The company has offices in Annapolis Junction, Maryland; San Francisco; London and New York City

Greenspring Associates was founded in 1983 by David and Ralph Polsky, two brothers who were among the first investors to see the promise of personal computers. Over the years, Greenspring has invested in over 80 companies, including Uber, Airbnb and Dollar Shave Club.

2. Capital Epidarex

Epidarex Capital is a Maryland-based venture capital firm specializing in early stage healthcare investments. Epidarex was founded by Dr. Michael Pankhurst after selling his previous business to Medtronic, Inc., which later went public on the New York Stock Exchange under the symbol MDT.

Epidarex invests in companies that are pursuing FDA approval or have already obtained it. Epidarex has invested in several startups, including:

• ABBVIE (NYSE: ABBV) – An international pharmaceutical company based in Chicago, Illinois; acquired by Abbott Laboratories for billion in cash and stock
• Johnson & Johnson (NYSE: JNJ) – Based in New Brunswick, NJ; One of the world’s largest healthcare companies with over 250 brands across its portfolio

3.Calvert Street Capital Partners

Calvert Street Capital Partners is an investment firm founded in 2006. Calvert Street Capital Partners is based in Baltimore, Maryland with offices in Washington DC, and Baltimore, Maryland.

Calvert Street Capital Partners has invested more than billion in companies such as Zayo Group Incorporated (Zayo), Onemain Holdings Inc (OMF) and Altra Industrial Motion Corp (AIMC).

Calvert Street Capital Partners has a portfolio of over 50 companies with locations in North America, Europe and Asia. Calvert Street Capital Partners’ investment philosophy is to invest in high quality companies that grow rapidly, have attractive long-term growth opportunities and are able to generate attractive returns on capital. Calvert Street Capital Partners seeks to invest in the following sectors: Industrials (including aerospace and defense), Technology (including software and services), Consumer and Retail, Healthcare, Financials (including l ‘assurance).

4. National Employers Trust for Employers

National Employers Retirement Trust is an investment management company that provides a wide range of services to individuals and institutions. The company was founded in 1994 and is based in Baltimore, Maryland. National Employers Retirement Trust has over billion in assets under management, making it one of the largest independent pension plan administrators in the country.

NERT offers a full range of pension plan services, including design and implementation, investment management, record keeping and administration. The company also offers 401(k) plans and other qualified retirement programs for small businesses. NERT is an independent fiduciary that provides its clients with impartial advice.

5. Kendall Capital

Kendall Capital is a private equity firm investing in middle market companies such as small to mid-sized financial services companies, real estate and business services companies, and healthcare companies. Kendall Capital also invests in companies that are transforming their business models. Kendall Capital seeks to partner with leadership teams by providing capital, expertise and resources to help improve their businesses.

Kendall Capital has invested .4 billion of its investors’ assets since its inception in 1998. The firm has made more than 100 investments across six industries: asset management; consumer products; energy and infrastructure; financial services; health care; and real estate.

6. Alex Brown & Sons

Alex Brown & Sons, a financial services company based in Baltimore, Maryland, was founded in 1867 as Baltimore’s union banking company. The company became Alex. Brown & Sons when acquired by Bankers Trust Company in 1997 and then by Deutsche Bank the following year.

In addition to its headquarters in downtown Baltimore and its New York office at 7 World Trade Center (formerly known as 1 Liberty Plaza), it has offices in Washington, D.C., Los Angeles and San Francisco. .

7. Harvesting Investment Consultants

Harvest Investment Consultants is a Baltimore-based private equity firm that invests in growing companies. The company was founded by William HC Smith and John D. Smith Jr., who together have invested in more than 100 companies since 1999.

Harvest’s portfolio includes Tessco Technologies Inc., which sells security camera equipment; Medical Assurance Inc., which provides life insurance to physicians; and American Diamond Exchange, which imports diamonds from around the world and has locations across the country, including its headquarters in Baltimore, MD.

8. Saa | evi

Saa | Evi is a minority-owned investment firm that provides venture capital to technology companies. AAS | EVI has over .5 billion in assets under management, making it one of Maryland’s largest angel investors. The company was founded in 2003 and has invested in over 100 companies since then.

AAS | EVI invests in early-stage companies, typically offering 0,000 to million. The company has offices in Baltimore and Washington, DC.

Saa | Evi is a minority-owned investment firm that provides venture capital to technology companies. The company was founded in 2003 and has invested in over 100 companies since then. AAS | EVI invests in early-stage companies, typically offering 0,000 to million.

9. Legacy Constructor Group

The Legacy Builder Group is a private equity fund that invests in small and medium-sized businesses. The company was founded in 2003 and is headquartered in Baltimore, Maryland. They have raised over billion in capital and invested in over 200 companies.

The firm has a wide range of experience in the private equity and investment management industries. It is currently headed by Chief Executive Stephen Cooper, who also sits on the boards of several publicly traded companies.

10. Corbyn Investment Management

Corbyn Investment Management is a private equity firm focusing on investments in the healthcare, technology and financial services sectors. The firm was founded in 2006 by Jeffrey S. Corbyn and manages investments across three funds with approximately 0 million in assets under management.

Corbyn Investment Management has demonstrated an ability to work effectively with early stage companies as well as more mature companies looking to grow through acquisitions or internal growth initiatives. Its portfolio includes over 100 companies, including several publicly traded companies such as G2O Water Corporation (G2O), Martin Marietta Materials Inc., Triumph Group Inc., Ivanhoe Energy Incorporated, FEI Company (FEI) and Immunocellular Therapeutics Ltd (IMCU) .

11. PLR Investment Services

PLR Investment Services is a private equity firm investing in the healthcare sector. Founded in 2012, PLR has raised .9 billion in capital and has offices in Baltimore, Maryland; New York City; Washington D.C.; Chicago; Boston; Los Angeles; San Francisco and Charlotte, North Carolina.

PLR is a leading private equity firm investing in US-based healthcare companies. We have raised .9 billion in capital and invested in over 45 companies since our founding in 2012. Our current portfolio includes companies in All Healthcare, Davita Medical Group, HealthSouth Corporation and Encore Capital Group.

Conclusion

We hope this article has given you inspiration to reach out to angel investors. They can be a great resource for your business and offer advice on how best to approach their world. We’ve covered everything from who an angel investor is, where they invest their money, what type of businesses they typically invest in, as well as 11 examples of Maryland angel investors who are actively seeking opportunities now.