Maryland-based business is working to provide branded apps to clients more efficiently
COLUMBIA, Md., (August 19, 2025) — TEDCO, Maryland’s economic engine for technology companies, announced a recent $250,000 Builder Fund investment in App Beacon. The Pre-Seed Builder Fund is housed under the Social Impact Funds, an umbrella of investment opportunities that seek to provide eligible entrepreneurs with access to support and capital.
App Beacon, previously known as Pet Connect, located in Columbia, Md., offers fully branded, customized mobile apps for client and member management.
“TEDCO’s investment funds were created to enhance and grow Maryland’s economic development ecosystem,” said deputy chief investment officer & senior director of Social Impact Funds, Jean-Luc Park. “Through the Social Impact Funds, we continue to do this while targeting SEDI (Socially and Economically Disadvantaged Individuals) founders, allowing for a more diverse, sustainable and robust ecosystem.”
TEDCO’s Pre-Seed Builder Fund finances companies with up to $750,000 in investments via convertible notes. Besides financial support, those chosen to receive a Builder Fund investment are given administrative assistance, mentorship and networking resources. For more information, visit our page at tedcomd.com/funding.
“Recently named the number one state for minority employment, Maryland is dedicated to bridging the gap, allowing innovators from all backgrounds to have the opportunity to grow their business,” said TEDCO CEO, Troy LeMaile-Stovall. “This is easily seen in the vast number of opportunities and resources located across the state – TEDCO being just one.”