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Investments

229

Portfolio Exits

19

Funds

2

About Maryland Technology Development Corporation

The Maryland Technology Development Corporation (TEDCO) is the go-to source for entrepreneurial support and guidance for start-ups and early-stage companies engaged in bringing innovative ideas to market. For more than a decade, the organization has provided funding, mentoring and networking opportunities to support Maryland's innovation ecosystem. While founded by the Maryland General Assembly, TEDCO is an independent entity that makes seed/early-stage investments and manages private capital for angel and venture capital funds. It is frequently ranked as one of the most active seed/early-stage investors in the nation. The organization plays a key role in bringing research created in Maryland's educational institutions and federal laboratories into the commercial marketplace.

Maryland Technology Development Corporation Headquarter Location

7021 Columbia Gateway Drive Suite 200

Columbia, Maryland, 21046,

United States

1-800-305-5556

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Expert Collections containing Maryland Technology Development Corporation

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Maryland Technology Development Corporation in 1 Expert Collection, including Fitness Tech.

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Fitness Tech

227 items

We define fitness tech as companies leveraging software and technology to augment approaches to developing or maintaining physical fitness. Companies in this category develop tools and services including workout apps, wearables, and connected fitness equipment.

Latest Maryland Technology Development Corporation News

Maryland to distribute almost $200 million to small businesses

May 19, 2022

By: Johanna Alonso Daily Record business reporterMay 19, 2022 The state of Maryland has been approved to distribute $198 million in federal relief funds to small businesses, Gov. The funding comes from the State Small Business Credit Initiative, a U.S. Department of the Treasury program that supplies loans and investments to small businesses. The program will provide a total of $10 billion to small businesses across the country, through American Rescue Plan Act funds. Hogan said Maryland was the first state to submit its deployment plan for these funds and one of the first five states, alongside Hawaii, Kansas, Michigan and West Virginia, to be approved. “Through a number of relief programs, our efforts to keep Maryland ‘open for business’ during the pandemic have protected jobs and empowered one of the strongest and sustainable recoveries in the nation,” Hogan said in the announcement. “We have one of the most aggressive plans in the country to get these resources out the door utilizing our very successful lending and investment programs to help our small businesses, particularly those in underserved communities primed for revitalization.”  Maryland will deploy the funds through three different agencies and organizations: the Department of Housing and Community Development, the Department of Commerce and the Maryland Technology Development Corporation, better known as TEDCO. DHCD will distribute the largest share of the funds, up to $103 million, through Neighborhood BusinessWorks , a loan program that provides flexible financing of up to $5 million to businesses in Opportunity Zones, Priority Funding Areas, and Sustainable Communities and Community Development Financing Institution Investment Areas. “Neighborhood BusinessWorks has long been our department’s flagship business lending program with established infrastructure, processes, and partnerships that have provided more than $70 million in capital to businesses under Governor Hogan’s leadership,” said DHCD Secretary Kenneth C. Holt in the announcement. “This additional federal funding will enable this already successful program to significantly expand its reach and impact in both urban and rural Maryland.”  The Department of Commerce will receive up to $45 million for the Maryland Small Business Development Financing Authority, which helps fund businesses — especially women- and minority-owned businesses — that have struggled to obtain business funding elsewhere. Finally, TEDCO, which funds early-stage technology firms in Maryland, will be allotted $50 million to be spread between four of its existing funding programs: the Venture Equity Fund, Venture Capital Limited Partnership Equity program, Seeds Funds Equity and the Social Impact Fund. The state plans to give out the money beginning this summer. In the interim, Hogan’s announcement invites interested business owners to visit the state’s SSBCI landing page, open.maryland.gov/ssbci , to sign up to be notified when funds are available. ×

Maryland Technology Development Corporation Investments

229 Investments

Maryland Technology Development Corporation has made 229 investments. Their latest investment was in QuoLab as part of their Seed on March 3, 2022.

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Maryland Technology Development Corporation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/30/2022

Seed

QuoLab

Yes

4

3/21/2022

Pre-Seed

EquiScoreBI

$0.1M

Yes

1

3/18/2022

Convertible Note

Astek Diagnostics

$0.1M

No

1

11/22/2021

Grant

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$99M

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10

11/22/2021

Grant

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$99M

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10

Date

3/30/2022

3/21/2022

3/18/2022

11/22/2021

11/22/2021

Round

Seed

Pre-Seed

Convertible Note

Grant

Grant

Company

QuoLab

EquiScoreBI

Astek Diagnostics

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Amount

$0.1M

$0.1M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

4

1

1

10

10

Maryland Technology Development Corporation Portfolio Exits

19 Portfolio Exits

Maryland Technology Development Corporation has 19 portfolio exits. Their latest portfolio exit was MindX on April 20, 2022.

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

4/20/2022

Acquired

3

3/10/2022

Acquired

1

11/24/2021

Acquired

4

8/23/2021

Acquired

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10

8/3/2021

Acquired

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10

Date

4/20/2022

3/10/2022

11/24/2021

8/23/2021

8/3/2021

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

Acquirer

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Sources

3

1

4

10

10

Maryland Technology Development Corporation Fund History

2 Fund Histories

Maryland Technology Development Corporation has 2 funds, including Minority Business Pre-Seed Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/23/2017

Minority Business Pre-Seed Fund

1

Pre-Seed Builder Fund

10

Closing Date

3/23/2017

Fund

Minority Business Pre-Seed Fund

Pre-Seed Builder Fund

Fund Type

Status

Amount

Sources

1

10

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