Montgomery County Companies Attracted $368.3 Million in Investment in June

Montgomery County companies raised a combined $368.3 million across public offerings and private investment activity in June, more than triple the amount recorded that same month a year prior.

This month, Forbright, a Chevy Chase-based bank holding company with 545 employees, successfully completed its initial public offering on the Nasdaq. The D.C. region’s fastest-growing bank, Forbright raised $142.2 million, valuing the company at approximately $950 million, marking not only a major milestone for the company but also for Montgomery County’s rapidly expanding financial services industry, which boasts companies spanning venture capital, private equity, financial technologies, and investment asset management.

In other investment news, Bethesda-based Xometry announced a $225 million secondary public offering. The AI-powered manufacturing marketplace has become one of Montgomery County’s homegrown innovation economy success stories, connecting businesses with manufacturing capacity around the world through its intelligent digital platform. The additional capital will allow the company to continue expanding and investing in advanced manufacturing innovation. Founded in Gaithersburg, Xometry has over 1,000 employees.

From innovative financial institutions to AI leaders, Montgomery County continues to remain a place where companies can start and scale quickly.