A health equity solutions provider and vendor management platform receive investments
COLUMBIA, Md. (September 22, 2020)—TEDCO, Maryland’s economic engine for technology companies, announced today its Seed Fund invested $400K in two (2) technology start-ups based in Maryland. TEDCO’s Seed Fund invests in early-stage, technology and life sciences companies and includes gap financing.
“We must continue to drive economic empowerment throughout the state to encourage more companies to seek out opportunities that spur innonvation,” said Troy LeMaile-Stovall, TEDCO’s CEO and executive director. “The long-term success of our ecosystem is dependent on the growth of technology startups like these, and we look forward to continuing to provide resources and support the growth of Maryland’s entrepreneurs.”
The most recent round of seed funding included investments from its Technology Commercialization Fund and Cybersecurity Investment Fund. The following Maryland companies received $200,000 investments:
- Warrior Centric Health LLC, based in Ellicott City, is a commercial health equity solutions provider. The Warrior Centric Solutions Suite is a population-based health solution that integrates data science, e-learning, professional credentialing, community outreach, and facility authorization, specifically focused on the veteran community.
- MISO3, based in Bethesda, is a vendor management platform that supports business decision making across finance, IT, and procurement to integrate, view and maintain vendor services from a single source.
“Our investments in these companies represent the role TEDCO plays to convene our ecosystem, driving economic empowerment, inclusion, diversity, and other critical growth objectives for all Marylanders,” said Elizabeth Good Mazhari, interim managing director of investments, TEDCO.
For information on how to access TEDCO investment applications for Maryland tech start-ups, please visit https://www.tedcomd.com/funding.