---
title: "Baltimore Startups & VC Firms 2026: What We Cover (Not DC)"
description: "Baltimore startups and VC map for July 2026 — kweliTV and Bayesian Health in our directory, zero Baltimore HQ funds yet, plus honest gaps and how founders use national and DC-adjacent capital."
date: 2026-07-25T00:00:00.000Z
tags: ["baltimore", "venture-capital", "market-analysis", "city"]
source: https://venturecapitaltracker.com/baltimore-startups-and-vc-firms-2026
---

# Baltimore Startups & VC Firms 2026: What We Cover (Not DC)

> Baltimore startups and VC map for July 2026 — kweliTV and Bayesian Health in our directory, zero Baltimore HQ funds yet, plus honest gaps and how founders use national and DC-adjacent capital.

**Short answer (as of July 2026):** Baltimore coverage here is **thin and intentional**. We list **two** Baltimore-tied startups — [kweliTV](/startup/kwelitv) (HQ Baltimore) and [Bayesian Health](/startup/bayesian-health) (Johns Hopkins–associated; HQ commonly cited in the Baltimore/Hopkins orbit) — and **zero** Baltimore-headquartered VC firms in the fund directory. National capital on those companies is primarily [Andreessen Horowitz](/fund/andreessen-horowitz). This page is **not** a DC map; for Beltway strategic capital see [Washington DC VC firms](/washington-dc-vc-firms-govtech-defense-2026).

**Hubs:** [Baltimore city hub](/vc/baltimore) · [All cities](/cities) · [Directory](/directory)

### Primary job

**Audience:** Founders and scouts searching “Baltimore startups” or “Baltimore VC firms.”

**Job:** Tell me what Venture Capital Tracker actually covers in Baltimore — with HQ honesty, investor links that exist, and named gaps — so I can shortlist peers and raise paths without confusing Baltimore with Washington, DC.

### Startups we cover (Baltimore-tied)

| Startup | One-liner | HQ / association | Stage | Investors in directory | Profile |
|---|---|---|---|---|---|
| [kweliTV](/startup/kwelitv) | Streaming for Black diaspora film and series | **Baltimore, Maryland** (hq field) | Pre-seed / private | [Andreessen Horowitz](/fund/andreessen-horowitz) (a16z TxO Fall 2023) | [/startup/kwelitv](/startup/kwelitv) |
| [Bayesian Health](/startup/bayesian-health) | Clinical AI for inpatient risk stratification | Johns Hopkins spinout; **HQ commonly cited as Baltimore / Hopkins orbit** (hq field blank — curated) | Series A / private | [Andreessen Horowitz](/fund/andreessen-horowitz) (Bio + Health Series A) | [/startup/bayesian-health](/startup/bayesian-health) |

We do **not** invent additional `/startup/` IDs. If a Maryland company lacks a profile, it belongs in gaps below.

### Funds table: Baltimore HQ vs useful adjacency

| Firm | Location (our data) | Role for Baltimore founders | Stage (directory) | Profile |
|---|---|---|---|---|
| — | — | **No Baltimore HQ fund** in directory | — | — |
| [Andreessen Horowitz](/fund/andreessen-horowitz) | Menlo Park, CA | National capital on both covered Baltimore-tied companies; DC office exists for policy/federal work — **not** a Baltimore HQ | Pre-seed – growth | [/fund/andreessen-horowitz](/fund/andreessen-horowitz) |
| [Zeal Capital Partners](/fund/zeal-capital-partners) | New York, NY & Washington D.C. | Mid-Atlantic early fintech/health/future-of-work adjacency | Pre-seed – Series A | [/fund/zeal-capital-partners](/fund/zeal-capital-partners) |
| [In-Q-Tel](/fund/in-q-tel) | Arlington, VA | Greater Washington strategic capital for national-security tech — **DC metro, not Baltimore** | Seed – Series B+ (strategic) | [/fund/in-q-tel](/fund/in-q-tel) |
| [New Enterprise Associates](/fund/new-enterprise-associates) | New York, NY (directory) | National multi-stage health/tech — historical Maryland roots are **not** treated as Baltimore HQ here | Seed – growth | [/fund/new-enterprise-associates](/fund/new-enterprise-associates) |

**How to read this:** Only use `/fund/` links that exist. Adjacency ≠ headquarters. Do not pitch In-Q-Tel as a “Baltimore VC.”

### Baltimore ≠ Washington, DC

| | Baltimore | Greater Washington |
|---|---|---|
| Default thesis | Johns Hopkins health, cyber, applied research commercialization | Federal buyers, govtech, defense, policy-aware capital |
| Fund HQ in our directory | None yet | [In-Q-Tel](/fund/in-q-tel) (Arlington) |
| When to mix | Sell into hospitals + federal agencies | Dual-use or IC/DoD path |

City hubs stay separate: [/vc/baltimore](/vc/baltimore) vs [/vc/washington-dc](/vc/washington-dc).

### Coverage gaps (named, no fake URLs)

| Name | Why it matters |
|---|---|
| TEDCO / Maryland Momentum Fund | State commercialization and early checks |
| Baltimore Angels / Dingman Center Angels | Local first-check networks |
| Catalio Capital Management | Appears on Hopkins-adjacent health syndicates (e.g. Bayesian notes) — no `/fund/` page |
| Under Armour / Connected Fitness successors | Historic employer/tech signal, not a current startup profile |

### How founders should use this list

1. Start at [/vc/baltimore](/vc/baltimore) for live alias matches.
2. Study [kweliTV](/startup/kwelitv) and [Bayesian Health](/startup/bayesian-health) as coverage anchors — media vs clinical AI, not a full census.
3. Shortlist national funds in [/directory](/directory) by thesis; use [a16z](/fund/andreessen-horowitz) when category fit is real.
4. Keep Maryland seed paths and DC strategic capital on **separate** tracks.
5. Do not wait for complete local fund coverage — thinness is a data fact.

### Related reading

- [Baltimore city hub](/vc/baltimore)
- [Cities index](/cities)
- [Washington DC VC firms — govtech & defense 2026](/washington-dc-vc-firms-govtech-defense-2026)
- [East Coast venture capital firms 2026](/east-coast-venture-capital-firms-2026)
- [Fund directory](/directory)

### Sources

1. Startup profiles: [/startup/kwelitv](/startup/kwelitv), [/startup/bayesian-health](/startup/bayesian-health)
2. Fund profiles linked above
3. City baseline thesis: Johns Hopkins health/cyber commercialization (`baltimore` in cities taxonomy)