2022 Marked Record Investment in Montgomery County, Maryland Companies

M&A/Venture Capital/Private Investment/IPO Funding Top $29.9 billion

Rockville, Maryland, January 24, 2023 /PR Newswire/ — Montgomery County Companies made record investments in 2022. $29.9 billion A combination of initial public offerings (IPOs), mergers and acquisitions, private investments and venture capital deals. increase from $4 billion 2020 and beyond $18 billion In 2021. as a whole, Montgomery County In 2022, there were 144 deals with 126 companies.

Maryland Economic Development Corporation - Maryland (MCEDC) (PRNewsfoto/Montgomery County Economic Development Corporation)

Maryland Economic Development Corporation – Maryland (MCEDC) (PRNewsfoto/Montgomery County Economic Development Corporation)

Rockville, MarylandMontgomery County Companies will make record investments in 2022, $29.9 billion.

“Record investment Montgomery County The company is a testament to the region’s remarkable climate of business growth and innovation. ” Bill Tompkins, President and Chief Executive Officer of the Montgomery County Economic Development Corporation. “We are a prime destination with a strong network of existing businesses across a wide range of industries. Proximity to federal agencies, including county businesses for success.”

Venture capital is the most active category in 2022, with more than 60 companies in the county receiving venture capital funding.total investment $867.88 million and was guided by $242.98 million A funding round for robotics research known as RRAI.

“We founded RRAI Montgomery County Twenty years ago we are lucky to be part of this community. ” Albert Lacase, Chairman and CEO of RRAI. “We have access to highly skilled engineering, product and management talent to grow our business. Since raising capital, we have added 200 jobs and expanded our business. Montgomery County footprint. We attribute a large part of this success to our excellent work-life balance. Montgomery County Offers. ”

Arcellx has received two funding rounds for 2022. $235 million.

“Arcellx started as a start-up in the Montgomery County Innovation Center and is now a public company listed on the NASDAQ. Rami ElgandorChairman and CEO of Arcellx, which led the IPO category in 2022. Gaithersburg Started a clinical development program and now has a footprint of rockville Here it occupies approximately 60,000 square feet of space in both the lab and office.Thanks for the support from Montgomery County This also gives you access to the extraordinary talent you need to grow your company. ”

Montgomery County companies in total $329.11 million 2022 initial public offering and $321.43 million with private funds. Total M&A activity $28.457 billion 2022 Driven by Amgen Record Breaking $27.8 billion Acquisition of Horizon Therapeutics. Horizon has built its East Coast R&D base at the Alexandria Center® on Rockville’s Traville Gateway campus. This is one of many life sciences and biotech companies calling. Montgomery County The region has been given the name “Capital of Immunology adjacent to the nation’s capital”.

2022 Montgomery County’s Largest Investment

(In order of total investment amount for each investment category)

Public offering and IPO

company name

Procurement amount

Company Profile



Clinical stage biotechnology
company rethinking cell
Engineering treatment
innovative immunotherapy
with cancer patients
Other intractable diseases

Acquisition of Alset Capital


special purpose acquisition
merged corporation
HWH International Inc.
September 2022

shuttle pharmaceutical


clinical stage drugs
novel-centered company
Treatments to cure cancer

Mergers and Acquisitions

company name

Procurement amount

Company Profile

Horizon Pharmaceuticals
(acquired by Amgen)


Horizon’s Rare Disease Portfolio
including thyroid treatment
eye disease and gout

GeneDx (acquired by Sema4)


genomic testing and analysis of
rare disease

Grove Research Solutions
(acquired by DLH Holdings)


cloud-based IT and
federal cybersecurity

private funds

company name

Procurement amount

Company Profile



Reactor and fuel design

Broad Street Realty


real estate investment and
Grocery Management-
Fixed and mixed use



indoor garden system

corporate capital

company name

Procurement amount

Company Profile

Robot Research (RRAI)


Autonomous driving technology



Physician Led Responsible Care



Housing renovation service
house seller

*2 rounds: $123,750,000 and $112,000,000

**2 rounds: $120,000,000 and $40,000,000

Data Source: Pitchbook

See the full list of investments in Montgomery County company here.

These investments underscore the strength of the county’s business community as businesses across a variety of industries continue to expand operations, hire additional employees, and develop innovative products and services.

Montgomery County It provides an ideal environment for the growth of any kind of business. With 58% of adults over the age of 25 holding a bachelor’s degree or higher, it has one of the most educated and diverse workforces in the nation. Three international airports provide easy access to local, national and international destinations. There are 18 federal agencies in the county, including the NIH, FDA, NIST, and NOAA, which open opportunities for federal contracts and technology transfer. Excellent schools, convenient public transportation, and a vibrant community make this county an attractive place to live and raise a family.


The Montgomery County Economic Development Corporation (MCEDC) is the official public-private economic development organization representing: Montgomery County, MarylandFounded in 2016, MCEDC is governed by a board of directors made up of senior executives. Its mission is to help businesses start, grow and relocate. Montgomery County By helping them access the best talent, business and market information, and prime locations. For more information, visit his website at our company.Please follow us twitter, FacebookWhen LinkedIn.

Michael Mitchell
MCEDC, VP, Marketing and Communications



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