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News release

WASHINGTON, D.C.

No. VA Companies Earn Region’s Highest Amount of VC Funding in Q4 2013

Venture capitalists invested more than $1.2 billion in DC region in 2013


WASHINGTON, March 5, 2014 – Companies in the Washington, DC region raised nearly $275 million in venture capital funding in the fourth quarter of 2013, with firms in Northern Virginia taking $166.9 million of that total, according to research analysis from JLL.

Companies in Washington, DC and Suburban Maryland secured investments totaling $89 million and $18.4 million, respectively, over the same three months.

Software and I.T. services companies related to cybersecurity saw the highest investments in the fourth quarter. Cigital, for instance, the Dulles, VA-based consulting firm specializing in software security, received a $50 million investment.

"Over the entire year, companies based in the Washington, DC region raised more than $1.2 billion in venture capital funding, surpassing the much-coveted $1 billion benchmark," said Dean Stiles, a Senior Vice President in JLL’s Tysons Corner, VA office.

"Proximity to the federal government makes the Washington, DC market an attractive environment for startups - one that cannot be replicated anywhere else in this country, or even perhaps the world," added Stiles.

Venture capitalists invested $503.1 million in Northern Virginia in 2013. Although it had a slower fourth quarter, Suburban Maryland was not far behind Northern Virginia for the entire year, raising nearly $425 million. Companies in the District, primarily located in the central business district, raised about $290 million in 2013.

About JLL
JLL (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4 billion, JLL operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. For further information, visit www.jll.com.​