With $15 million in hand, TCP Venture Capital partners Christopher College and Stuart Sutley look to foster Baltimore’s budding technology scene by investing in 10 to 12 new Baltimore-based startups within the next 12 to 18 months, College tells DC Inno. Those companies, who may be caught between a seed and series A funding round, could each receive anywhere between a few hundred thousand to a few million dollars to help accelerate their growth.
The Columbia, Md.-based institutional investors have raised a new fund, called the Propel II fund, to capitalize off the success of their previous fund, the Propel I fund, which helped support a number of high growth potential Baltimore tech companies—including edtech powerhouse CiteLighter, rising cybersecurity star RedOwl Analytics and eco-friendly product developer Bambeco.
Chris College