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The Startup Ecosystem of Baltimore

Baltimore has 425 startups in our sample database. This represents about 1% of The United States’s startups. Baltimore is the 28th best startup ecosystem in The United States.

CITY RANKING

Since 2024, Baltimore lost 1 spot in the Global Startup Ecosystem Index, having now positioned itself as 82nd worldwide.

National Ranking

28th
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2
In United States

Regional Ranking

32nd
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1
In North America

Global Ranking

82nd
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1
Worldwide

Ecosystem

Startup Ecosystem Overview

Startups

Baltimore Top Startup Industries

Healthtech icon
Healthtech
#39 worldwide

88 startups

Foodtech icon
Foodtech
#80 worldwide

20 startups

Hardware & IoT icon
Hardware & IoT
#83 worldwide

15 startups

Ecosystem HealthCheck

Baltimore Ecosystem Health Check

The health check tables allow you to look at the performance Baltimore has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...

  • Overperformance
  • Performance equal to global ranking
  • Underperformance
IndustryGlobal rankMomentum YoYNumber of Startups
Global82194223

ECOSYSTEM

Browse the startup ecosystem database of Baltimore

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Startup Ecosystem Charts

Startup Funding in Baltimore2017 - 2024

Startup Funding in Baltimore 2017 - 2024

From 2022 to 2023, startup funding in Baltimore has decreased by 39.56%. During this period, the number of deals in Baltimore has increased by 57.89%. Since 2017, total startup funding in Baltimore exceeded US$ $7.63B.

Average Funding in 2023

$2.89M

Baltimore
United States
-61.72% YoY

Funding in 2023

$433.62M

Baltimore
United States
-39.56% YoY

Deals in 2023

150

Baltimore
United States
+57.89% YoY

USD

Amount of Funding (USD)

Number of Deals

20172018201920202021202220232024$0.00$15.00B$30.00B$45.00B$60.00B04080120160

Ecosystem

The Startup Ecosystem in Baltimore

Startups in Baltimore excel in Healthtech, Foodtech, and Hardware & and IoT. There are some notable success stories contributing to the city’s growing Healthtech industry. One of the most promising startups in Baltimore in 2024 is Enterprise Rent-A-Car, Huntress, and Nayax.

Global Rank

Baltimore is ranked within the top 100 startup ecosystems globally.

Top Industries

Baltimore’s startups excel particularly in Healthtech where it ranks 39 and in Foodtech, and Hardware & IoT. Find out more

Top Cities for Startups in United States - Ranked by StartupBlink

StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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2024 National Rank CityGlobal Rank
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Total Score

Access subscores for 1000 cities and 100 countries

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Quantity Score
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Quality Score
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Business Score
1st
0
1st
0
710.966
00.00
00.00
00.00
2nd
0
2nd
0
251.377
00.00
00.00
00.00
3rd
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4th
0
121.937
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00.00
00.00
4th
0
5th
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109.679
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00.00
00.00
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Startups

Notable Startups in Baltimore
Enterprise Rent-A-Car startup icon
Enterprise Rent-A-Car
Huntress startup icon
Huntress
Nayax startup icon
Nayax

ECOSYSTEM

Why should you join Baltimore's Startup Ecosystem?

Overview

Within Baltimore there is an increased attraction for entrepreneurs to set up their startups in industries such as Healthtech, Foodtech, Hardware & IoT. These three industries represent about 29% of the startups represented on the Startup Ecosystem Map of Baltimore.

28th

National Rank

32nd

Regional Rank

Overview

Baltimore is The United States' 28th best startup ecosystem and is ranked 32nd in North America. With a population of <0.1M people, Baltimore is ranked 82nd in the world. The city has some notable startup success stories including Enterprise Rent-A-Car.

ECOSYSTEM
Startup Infrastructure in Baltimore
With a large variety of initiatives, Baltimore's startup ecosystem stands out from other cities in North America. Baltimore offers a number of funding opportunities for entrepreneurs and startups. Below is a list of Baltimore's most prominent support initiatives:

BLOG

Recent Posts

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Corporate Startup Activity Index 2025

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Thu Mar 06 2025

The Impact of Government Support on Startups

A robust startup ecosystem creates a sense of community that brings entrepreneurs together and helps them feel less isolated. It gives them access to mentors, advisors, fellow entrepreneurs, and talents. The foundation of such an ecosystem largely relies on government support. Good policies create a fair and supportive environment that helps startups grow. Bad policies […]

Thu Feb 20 2025

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