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Public-Private Partnership
abell.org

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Investments

46

Portfolio Exits

6

Partners & Customers

1

About 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

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Latest Abell Foundation News

Paice, Abell, and Daimler Agree to License Patented Technology

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.

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Abell Foundation Investments Activity

investments chart

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

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$99M

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10

5/6/2020

Seed VC - II

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$99M

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10

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

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Amount

$3.75M

$0.5M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

2

1

10

10

Abell Foundation Portfolio Exits

6 Portfolio Exits

Abell Foundation has 6 portfolio exits. Their latest portfolio exit was Traitify on August 23, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/23/2021

Acquired

$99M

6

9/25/2020

IPO

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$99M

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10

4/1/2014

Acquired

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$99M

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10

2/21/2008

Acquired

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$99M

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0

10/24/2002

Acquired

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$99M

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0

Date

8/23/2021

9/25/2020

4/1/2014

2/21/2008

10/24/2002

Exit

Acquired

IPO

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

6

10

10

0

0

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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