If you haven’t yet, catch up on how Baltimore VC did in Q4 2023. Otherwise, here are some more Baltimore Money Moves to kick off the year.
Capital Funding Bancorp is the parent company of CFG Bank, a Baltimore-based institution offering nationwide financial solutions to the healthcare and other sectors. According to a Securities and Exchange Commission (SEC) filing, the parent has concluded a $160 million capital raise. Jeff Cherry, the managing general partner of Conscious Venture Partners, was listed as a director on the filing.
Impact Analytics, a Linthicum-based provider of retail, grocery and supply chain-focused planning and merchandising software with AI, has secured $40 million in growth financing, according to citybiz+. The funding round was led by Sageview Capital, with support from Vistara Groth. The money will reportedly be used to expand sales, marketing and customer service teams.
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