From Food Manufacturing to Health-Tech, Montgomery County Companies See Steady Stream of Investment in May
Montgomery County, Maryland, companies continued to see a steady stream of private equity and venture capital investments across the food manufacturing, medtech, and health-tech industries. Investments totaled over $66 million compared to just over $83 million in May 2025.
Seed-oil-free frozen French fry brand Jesse & Ben’s announced the close of an oversubscribed $10 million Series A financing found led by Greycroft. This new funding will allow the company to continue their retail expansion, invest in its supply chain, and build its leadership team. Jesse & Ben’s products can be found nationwide at stores including Sprouts Farmers Market, Whole Foods, Target, and Cosco. Based in Rockville, the company which is redefining the frozen potato category from Montgomery County, grew over 1,100% in 2025 and is expected to grow another 300-400% in 2026.
Germantown-based Senseonics Holdings, which is a medical technology company focused on the development and commercialization of a long-term, implantable continuous glucose monitoring (CGM) system to improve the lives of people with diabetes, completed a $40 million public investment round, which will provide the company with additional resources to support commercialization and growth initiatives. Founded in 1996, the company currently has 130 employees.
The life sciences sector also saw investment activity from Gaithersburg-based Shuttle Pharmaceuticals Holdings, which secured approximately $9.6 million through a PIPE financing transaction. A clinical-stage pharmaceutical company that leverages its proprietary technology to develop novel therapies designed to cure cancers, Shuttle Pharmaceuticals Holdings is an example of the type of company that thrives in the #3 largest biopharma hub in the nation.
In the advanced manufacturing and industrial technology space, Germantown-based Whisker Labs, which employes over 120 people, closed a $6.6 million later-stage venture capital round. The company develops sensor technology and software designed to monitor electrical systems and prevent hazards in homes. The investment reflects growing investor confidence in technologies focused on infrastructure resilience, energy efficiency, and smart building solutions.
From life sciences and medical technology to energy efficiency and food manufacturing, Montgomery County companies across multiple industries continue to attract the capital needed to scale their operations, create jobs, and bring new innovative technologies to market.
