Maryland-based business developing tools to support companies throughout the deal process
COLUMBIA, Md., (June 10, 2025) — TEDCO, Maryland’s economic engine for technology companies, announced a recent $300,000 Pre-Seed Builder Fund investment in Standd. 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.
Standd, located in College Park, Md., aims to enhance decision-making to support scaling speed and capacity while achieving higher returns. The company’s no-prompt agent was designed in hopes of automating low-value work, creating and updating complicated reports, and even providing financial and risk analysis.
“TEDCO’s Pre-Seed Builder Fund is dedicated to supporting SEDI owned technology companies, providing a solution to support an optimized path to follow-on funding,” said Jean-Luc Park, senior director, Social Impact Funds. “Through these investments, we look forward to supporting the growth of Maryland’s entrepreneurial innovation ecosystem.”
TEDCO’s Pre-Seed Builder Fund finances companies through investments via convertible notes. Besides financial support, those chosen to receive a Builder Fund investment are given administrative assistance, mentorship and networking resources.
“Maryland is home to the highest growth in the technology workforce,” said Troy LeMaile-Stovall, CEO, TEDCO. “This ranking bodes well for any entrepreneur with a technological innovation, including those relating to artificial intelligence, looking to expand their business.”
TEDCO provides funding, resources and connections that early-stage technology and life sciences companies need to thrive in Maryland. For entrepreneurs interested in applying for TEDCO funding opportunities, visit our page here.