About Baltimore Angels
Baltimore Angels, established in 2009, is an angel investment group based in Baltimore, United States. It primarily focuses on Seed investments in companies in United States. Its portfolio includes 13 firms, spanning the Enterprise Applications, EdTech sectors. Its most notable investments include companies like Protenus, Legends Of Learning and Scene. As of May 2026, Baltimore Angels has witnessed 7 portfolio exits. Its latest investment was a $550K Seed round in Pinkaloo on 2018, which also saw participation from TEDCO and C5 Accelerate.
To date, 26 investors have co-invested in Baltimore Angels's portfolio companies, including prominent names like Blu Venture Investors.
Key Metrics
Founded Year
2009
Location
Baltimore, United States
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed, Series A & 1 more
Locations of Investment
Baltimore Angels' List of Top Investments
Baltimore Angels has a portfolio of 13 companies. Their most notable investments are in SocialToaster and Moonlighting.Their portfolio spans across and United States. They have invested in Enterprise Applications, EdTech, HealthTech and 9 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Baltimore Angels:
1. Protenus
Protenus' product detects inappropriate EMR access in real-time focusing on insider threats based on a continuously updated baseline/threshold of the institution’s behavior. The solution comprises of AI-based analytics solution which operates on top of existing hospital systems and integrates with existing workflows. Technology is focused on visualizing clinical and administrative workflows to address unauthorized access at the moment of breach, monitoring employee behavior and patient privacy protection for minimizing the risk of lawsuits, fines, and reputational damage.
Key facts about Protenus
- Founded Year: 2014
- Location: Baltimore (United States)
- Stage: Acquired
- Total Funding till date: $61M
- Employee Count: 95 as on Dec 31, 2022
- Investors: F-Prime Capital, MemorialCare Innovation Fund and 15 Others
- Latest Funding Round: Series D, May 12, 2021, $*****
- Highlight: Acquired
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: 68 as on Jul 01, 2024
- Investors: Baltimore Angels, For Good Ventures and 10 Others
- Latest Funding Round: Seed, Nov 05, 2025, $*****
- Highlight: Editors' Pick
3. 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: 45 as on Dec 31, 2023
- Investors: Baltimore Angels, Kapor Capital and 14 Others
- Latest Funding Round: Grant (prize money), Aug 09, 2023, $*****
- Highlight: Editors' Pick
4. 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)
- Annual Revenue: £200 as on Mar 31, 2025
- Stage: Series C
- Total Funding till date: $52.2M
- Employee Count: 266 as on Jul 01, 2024
- Investors: Baltimore Angels, TDF Ventures and 9 Others
- Latest Funding Round: Series C, Aug 15, 2025, $*****
- Highlight: Editors' Pick
5. 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: 76 as on Jul 01, 2024
- Investors: SIB Investment Group, Baltimore Angels and 10 Others
- Latest Funding Round: Series A, Mar 02, 2021, $*****
- Highlight: Acquired
Baltimore Angels' Year-on-Year Investment Trends
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.Baltimore Angels' Investments by Stage
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.Stage of entry | No. of Investments |
|---|---|
Seed | 9 |
Series A | 3 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Baltimore Angels' Investments by Sector
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.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
Baltimore Angels' Investments by Geography
Baltimore Angels has made most investments in United States (13).Baltimore Angels' recent investments
Baltimore Angels has not made any investment in 2026 so far.Here are the most recent investments by Baltimore Angels:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
2018 | United States | Seed | 3231 | [+1] | |
Aug 17, 2017 | United States | Seed | 7760 | [+2] | |
Jun 29, 2017 | United States | Seed | 9560 | [+3] | |
Apr 20, 2017 | United States | Seed | 3699 | - | |
Jan 19, 2017 | United States | Seed | 1974 |
Acquired companies in Baltimore Angels' Portfolio
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:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 09, 2025 | Feb 16, 2016 | Series A | 2481 | |
Jan 22, 2024 | Feb 05, 2014 | Seed | 6536 | |
Jan 31, 2023 | Aug 17, 2017 | Seed | 8064 | |
Sep 13, 2022 | Jan 19, 2017 | Seed | 1632 | |
Mar 09, 2021 | 2018 | Seed | 8182 |
Co-investors of Baltimore Angels
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, TCP Venture 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 TCP Venture 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).
Recent News related to Baltimore Angels
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Baltimore edtech firm Allovue looks to raise $5.5 millionThe Business Journals•Mar 22, 2018•Allovue, Baltimore Angels, Kapor Capital, Red House Education and 1 other
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BurnAlong Raises $1M To Let More People Work Out Online With Familiar FacesCitybizlist•Feb 05, 2018•BurnAlong, Brown Advisory, Baltimore Angels, Machem Capital and 2 others
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With $1.7M NIDA grant, emocha will evaluate its app for treating opioid addiction | MobiHealthNewsMobiHealthNews•Jun 28, 2017•Emocha, TCP Venture Capital, Kapor Capital, Sand Hill Angels and 2 others
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Allovue Raises $5.1M Series A Round for K12 Financial Analysis Platform | EdSurge NewsEdSurge•Dec 16, 2015•Allovue, Baltimore Angels, Kapor Capital, Red House Education and 1 other
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Demand Employment Marketplace, Closes $1.9M in FinancingMoonlighting App•Jun 10, 2015•Moonlighting App, McClatchy, Baltimore Angels, New Richmond Ventures
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Allovue Closes $800K Seed Funding |FinSMEsFinSMEs•Feb 06, 2014•Allovue, TEDCO, Baltimore Angels, AccelerateBaltimore and 1 other
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SocialToaster Raises $2M for Social Brand MarketingDow Jones•Jun 27, 2012•SocialToaster, Blu Venture Investors, Wasabi Ventures, Piedmont Investment Advisors and 1 other
