When was Baltimore Angels founded?

Baltimore Angels was founded in 2009.

Where is Baltimore Angels' headquarters located?

Baltimore Angels' headquarters is located in Baltimore (United States).

How many companies has Baltimore Angels invested in?

Baltimore Angels has invested in 13 companies, including Cybrary & Scene.

Which companies has Baltimore Angels invested in lately?

Pinkaloo & BurnAlong are the latest investments by Baltimore Angels.

What sectors does Baltimore Angels focus on for investments?

Top sectors in Baltimore Angels' portfolio are Enterprise Applications (9 investments) and EdTech (3 investments).

How many exits has Baltimore Angels been involved in?

Baltimore Angels' portfolio has seen 7 acquisitions.

Baltimore Angels - 2026 Investor Profile, Portfolio & Investment Trends

1. Cybrary

Cybersecurity training platform empowering professionals and teams to reduce business risk. It is a multi-sided platform that delivers world-class training and career development materials. It offers curated Career Paths, Skill Paths, and Certification Preparation programs. The platform provides on-demand video training, hands-on virtual labs, assessments, and practice tests. It helps individuals advance their careers and organizations defend against cyberattacks. The platform offers resources like blog articles, case studies, research papers, and white papers. It provides solutions for individuals, teams, and government organizations. It aligns with industry frameworks and offers personalized remediation. The platform aims to make the cybersecurity industry more accessible through its comprehensive catalog, expert instructors, and various learning resources. It offers free access and subscription-based insider pro options. The platform supports single sign-on (SSO) options and offers a demo for teams.

Key facts about Cybrary

Founded Year: 2015
Location: Greenbelt (United States)
Stage: Series C
Total Funding till date: $52.2M
Employee Count: 169 as on May 31, 2026
Investors: Baltimore Angels, TDF Ventures and 9 Others
Latest Funding Round: Series C, Aug 15, 2025, $*****
Highlight: Editors' Pick

2. Scene

SaaS-based medication adherence platform for healthcare providers. The company provides "Panorama" for therapy models, medication reviews, and more. It also offers solutions for patient engagement, a communication platform, clinical coaching, and more.

Key facts about Scene

Founded Year: 2008
Location: Brooklandville (United States)
Stage: Series B
Total Funding till date: $25.3M
Employee Count: 54 as on May 31, 2026
Investors: Baltimore Angels, Kapor Capital and 14 Others
Latest Funding Round: Grant (prize money), Aug 09, 2023, $*****
Highlight: Editors' Pick

3. Legends Of Learning

Game-based educational content and resources for students. It provides a comprehensive library of educational games in earth and space sciences, life science, and physical sciences. All the games are aligned to leading science standards including NGSS and TEKS to support teachers in the creation of lesson plans.

Key facts about Legends Of Learning

Founded Year: 2016
Location: Washington, DC (United States)
Stage: Seed
Total Funding till date: $18.6M
Employee Count: 72 as on May 31, 2026
Investors: Baltimore Angels, TEDCO and 10 Others
Latest Funding Round: Seed, Nov 05, 2025, $*****
Highlight: Editors' Pick

4. BurnAlong

AI-based live fitness coaching platform for individuals and employees. The platform provides online live classes for employees for fitness and wellness professionals. Employees can choose from the workout library and personalize the routines through machine learning algorithms.

Key facts about BurnAlong

Founded Year: 2016
Location: Baltimore (United States)
Stage: Acquired
Total Funding till date: $15.6M
Employee Count: 52 as on May 31, 2026
Investors: SIB Investment Group, Baltimore Angels and 10 Others
Latest Funding Round: Series A, Mar 02, 2021, $*****
Highlight: Acquired

5. Pixelligent

Manufacturer of high refractive index nanocrystal formulations for electronics applications. The company’s products are used in extended reality devices, displays, and sensors. The company's formulations are designed for nanoimprint lithography and inkjet printing. The company offers zirconia and titania dispersions with functional and non-functional capping options.

Key facts about Pixelligent

Founded Year: 2000
Location: United States
Stage: Series C
Total Funding till date: $57.2M
Employee Count: 45 as on May 31, 2026
Investors: Baltimore Angels, DOE and 15 Others
Latest Funding Round: Grant (prize money), May 05, 2025, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

Baltimore Angels has invested in 13 companies over the last 15 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Pinkaloo and most recent follow-on round was in Citelighter.

View all investments by Baltimore Angels

Baltimore Angels has made 9 investments in Seed stage with an average round size of $2.05M, 3 investments in Series A stage with an average round size of $2.63M and 1 investment in Unattributed stage with an average round size of $5.1M.

Here are Baltimore Angels' investments by stage:

Stage of entry	No. of Investments
Seed	9
Series A	3
Unattributed	1

Note: We have considered here, only first round of investments

View all investments by Baltimore Angels

Baltimore Angels has a diverse portfolio, with companies operating in the Enterprise Applications, HealthTech, EdTech, Vertical SaaS and Enterprise Infrastructure. Notably, it has invested in 13 Tech companies, 12 Enterprise (B2B) companies, 9 Software companies and at least 5 companies focusing on Saas.

Here are Baltimore Angels' investments by sector:

Sector	No. of Investments
Enterprise Applications	9
HealthTech	4
EdTech	3
Vertical SaaS	3
Enterprise Infrastructure	2
Others	10

Note: We have considered here, only first round of investments

View all investments by Baltimore Angels

Baltimore Angels has made most investments in United States (13).

View all investments by Baltimore Angels

Baltimore Angels has not made any investment in 2026 so far.

Here are the most recent investments by Baltimore Angels:

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Date	Company	Location	Round Details	Round Amount	Co-Investors
2018	Pinkaloo	United States	Seed	1998	TEDCO [+1]
Aug 17, 2017	BurnAlong	United States	Seed	8427	Brown Advisory [+2]
Jun 29, 2017	Scene	United States	Seed	8237	Kapor Capital [+3]
Apr 20, 2017	Legends Of Learning	United States	Seed	5311	-
Jan 19, 2017	Dark Cubed	United States	Seed	4328	Blu Venture Investors [+1]

See more recent investments made by Baltimore Angels

7 companies from Baltimore Angels' portfolio have been acquired. The most recent acquisition was Protenus in Jan 2025 by Bluesight for $*****.

Here are Baltimore Angels' portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Protenus	Jan 09, 2025	Feb 16, 2016	Series A	3356
Allovue	Jan 22, 2024	Feb 05, 2014	Seed	5115
BurnAlong	Jan 31, 2023	Aug 17, 2017	Seed	8196
Dark Cubed	Sep 13, 2022	Jan 19, 2017	Seed	3759
Pinkaloo	Mar 09, 2021	2018	Seed	3232

View all acquired companies in Baltimore Angels' portfolio

Over the past 15 years, 94 investors have co-invested in Baltimore Angels's portfolio companies. This includes funds and angels.

Invested before Baltimore Angels: TEDCO, Inner Loop Capital and 14 others have invested in rounds before Baltimore Angels. There are 3 companies where TEDCO has invested before Baltimore Angels and 1 company where Inner Loop Capital has invested before Baltimore Angels.
Top Co-investors of Baltimore Angels: 26 investors entered a company along with Baltimore Angels. These include investors like Blu Venture Investors (3 companies).
Invested after Baltimore Angels: A total of 52 investors have invested in Baltimore Angels's portfolio after their investments. Top Investors include TCP Venture Capital (3 companies) and Abell Foundation (3 companies).