TEDCO’s evergreen Venture Funds are dedicated to funding and growing the next generation of outstanding early-stage businesses in Maryland. We are an experienced team with significant operating and venture experience whose focus is on making the entrepreneurs successful.
TEDCO is pleased to be one of the direct participants in the deployment of Maryland’s State Small Business Credit Initiative (SSBCI). This money will supplement TEDCO’s Venture Funds, which are dedicated to funding and growing the next generation of outstanding early-stage businesses in Maryland.
Investment Check Size
Our investments can be anything between $500K to $2M.
How to Apply
Before applying, applicants are encouraged to familiarize themselves with the applicable TEDCO investment legislation regulations at: http://www.dsd.state.md.us/COMAR/subtitle_chapters/14_Chapters.aspx#Subtitle04
Frequently Asked Questions
Q: In what industries do the Venture Funds typically invest?
A: We are sector-agnostic and highly opportunistic. As generalists, we do not attempt to predict the future, but rather buy into our entrepreneurs’ visions for how the world is changing and what opportunity that presents.
Q: What size investments do the Funds typically make?
A: Our investments can be anything between $500K to $2M.
Q: What kinds of entrepreneurs do the Venture Funds back?
A: Our founders are not always serial entrepreneurs, but we like to back individuals with a track record of execution.
Q: Do the Venture Funds prefer to lead deals or follow other investors?
A: We are not followers by nature; when we fall in love with a company, we like to put as much capital behind its founders as we can. That said, we do play well with other funds and are happy to look at deals that have already secured lead investors.
Q: What are the size of the Funds?
A: We have over $110M of assets under management.
Q: Do the Funds make pre-product or pre-launch investments?
A: We have done it in the past and as opportunists, we wouldn’t rule it out. Our pre-launch investments are in opportunities exciting enough to justify the increased risk and are led by seasoned entrepreneurs. Nonetheless, we encourage companies still attempting to find product-market fit to reach out.
Q: My company is not based in Maryland. Does it still make sense for us to connect?
A: Yes. Though we invest in Maryland connected companies, we are stewards of the larger regional tech community. If you have an exciting business outside the region, we’d love to hear from you. We are happy to refer deals outside of our geographic scope to other co-investors.
Q: I’d like to write an article about the Venture Funds or its portfolio companies. Who should I contact?
A: All press inquiries should be directed to Tammi Thomas at firstname.lastname@example.org.