Andy Jones

Andy Jones has a nearly 30 year business career with a proven track record of building and growing businesses and creating shareholder value. He has a unique blend of operational and investment success, having worked on “both sides of the fence” as an Operating Executive and an Investor/Board Member. Born and raised in Maryland, he has spent most of his business career operating in Maryland. An entrepreneur at heart, he connects with those that the Maryland Venture Fund invests in and supports because he has “been in their shoes”.
Andy spent 15 years in the venture capital business here locally, starting in the mid-1990s with Frank Adams (former TEDCO chair) and Grotech Ventures. Recognizing a local market need for early stage capital and also feeding his first entrepreneurial “itch”, Andy left Grotech in 1999 to raise an institutional fund with peers in the venture business. They successfully raised an $85 million 1st institutional fund and the mid-Atlantic office of Boulder Ventures was born. After 3 successful funds with Boulder and just under $300 million raised and deployed into early stage technology and life science ventures, Andy got the entrepreneurial itch again to do another start-up, High Street Partners.
Andy helped turn High Street into a VC-backed (3 rounds), SaaS company with $42 million in recurring revenue and a successful $100 million exit to a European buyer.
Prior to joining the Maryland Venture Fund, Andy was recruited to run M&A in North America for a $4 billion market cap public company in Europe named Kingspan. Kingspan is the market leader in energy efficient building envelope solutions. Andy consummated the first ever public acquisition for Kingspan, a $400 million deal in Toronto that achieved significant press and put Kingspan on the map across Canada. Andy completed a few other smaller acquisitions for Kingspan and one divestiture, but was attracted to the Maryland Venture Fund so he could pursue his passion which is financing and growing privately held businesses.
Andy received his Masters of Business Administration with a specialization in Finance from the University of Chicago Booth School of Business in 1990. He received his Master of Engineering degree from Cornell University in 1986 and Bachelor of Science from Cornell in 1985, where he studied computer science and majored in electrical engineering.