Investments
46Portfolio Exits
6Partners & Customers
1About Abell Foundation
The Abell Foundation is an organization which seeks to develop programs and fund initiatives that address issues relevant to Baltimore, Maryland - an area with a high concentration of urban poverty. The Foundation has numerous activities including making investments in companies that create jobs in Baltimore and promote various social objectives, such as increasing energy efficiency and producing alternative energy.
Abell Foundation Headquarter Location
111 S. Calvert Street Suite 2300
Baltimore, Maryland, 21202-6174,
United States
410-547-1300
Latest Abell Foundation News
May 28, 2020
BALTIMORE, MD / ACCESSWIRE, May 29, 2020 - (ACN Newswire) - Paice and Daimler have reached an agreement to license patented hybrid technology. Paice was an early leader in electrified vehicles. The company was awarded its first hybrid vehicle patent in 1994, long before most automakers began seriously focusing on ways to improve fuel efficiency and reduce emissions. Paice's technology proved valuable and helped accelerate the growth of the hybrid vehicle industry. An independent analysis concluded that Paice owns the most dominant hybrid vehicle patents in the world. "We've reached several licensing agreements in the past two years without the need for litigation. These agreements make a lasting impact in our community by supporting the good works of the Abell Foundation," said Paice Executive Chairman Frances Keenan. During the company's early years, Severinsky worked closely with two experienced automotive veterans: Bob Templin, a Paice board member who had served as chief engineer of Cadillac and technical director of GM's Research Laboratory; and Ted Louckes, a 40-year veteran of General Motors who served as Paice's Chief Operating Officer and was instrumental in developing Paice's hybrid technology alongside Dr. Severinsky. Dr. Alex Severinsky, a Russian immigrant, founded Paice in 1992 with the support of the University of Maryland. The company has been awarded 30 U.S. and foreign patents. It has licensing agreements with many of the world's leading automakers. About the Abell Foundation ( www.abell.org ) The Abell Foundation, a Baltimore-based charitable organization dedicated to fighting urban poverty and promoting social objectives by investing in progressive local start-ups, is a co-owner of the Paice patents. Since 1999, Abell has helped support Paice's efforts to develop and promote its hybrid technology. For More Information SOURCE: Paice
Abell Foundation Investments
46 Investments
Abell Foundation has made 46 investments. Their latest investment was in Simpli as part of their Seed on August 8, 2021.
Abell Foundation Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
8/24/2021 | Seed | Simpli | Yes | 1 | ||
10/15/2020 | Series A | ReGelTec | $3.75M | Yes | 2 | |
9/9/2020 | Seed VC - II | NextStep Robotics | $0.5M | No | 1 | |
8/3/2020 | Seed | |||||
5/6/2020 | Seed VC - II |
Date | 8/24/2021 | 10/15/2020 | 9/9/2020 | 8/3/2020 | 5/6/2020 |
---|---|---|---|---|---|
Round | Seed | Series A | Seed VC - II | Seed | Seed VC - II |
Company | Simpli | ReGelTec | NextStep Robotics | ||
Amount | $3.75M | $0.5M | |||
New? | Yes | Yes | No | ||
Co-Investors | |||||
Sources | 1 | 2 | 1 |
Abell Foundation Portfolio Exits
6 Portfolio Exits
Abell Foundation has 6 portfolio exits. Their latest portfolio exit was Traitify on August 23, 2021.
Abell Foundation Partners & Customers
1 Partners and customers
Abell Foundation has 1 strategic partners and customers. Abell Foundation recently partnered with Daimler, and PAICE on May 5, 2020.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
5/29/2020 | Partner | Germany, and United States | Paice, Abell, and Daimler Agree to License Patented Technology BALTIMORE , MD / ACCESSWIRE , May 29 , 2020 - - Paice and Daimler have reached an agreement to license patented hybrid technology . | 1 |
Date | 5/29/2020 |
---|---|
Type | Partner |
Business Partner | |
Country | Germany, and United States |
News Snippet | Paice, Abell, and Daimler Agree to License Patented Technology BALTIMORE , MD / ACCESSWIRE , May 29 , 2020 - - Paice and Daimler have reached an agreement to license patented hybrid technology . |
Sources | 1 |
Abell Foundation Team
3 Team Members
Abell Foundation has 3 team members, including current President, Robert C. Embry.
Name | Work History | Title | Status |
---|---|---|---|
Robert C. Embry | President | Current | |
Eileen M O'Rourke | Chief Financial Officer | Current | |
Ellen Mullan | Controller | Current |
Name | Robert C. Embry | Eileen M O'Rourke | Ellen Mullan |
---|---|---|---|
Work History | |||
Title | President | Chief Financial Officer | Controller |
Status | Current | Current | Current |
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