TEDCO invests $1M into Cerebro Capital
TEDCO, Maryland’s economic engine for technology companies, Tuesday announced an investment of $1 million in Cerebro Capital Inc. through its State Small Business Credit Initiative (SSBCI).
Baltimore-based Cerebro Capital was started in 2017 by founder and CEO Matt Bjonerud to help middle-market companies navigate the commercial loan market, allowing for a faster, more efficient process of finding and closing loans through its patented software platform. Cerebro has grown rapidly since its inception and today works with thousands of borrowers to connect them to lenders from more than 1,500 lending institutions for credit facilities and loans.
About TEDCO
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.
Tammi Thomas, President, TEDCO, tthomas@tedcomd.com
Rachael Kalinyak, Associate Director, Marketing & Communications, TEDCO, rkalinyak@tedcomd.com