Minnowtech
Series A in 2024
Minnowtech, headquartered in Baltimore, Maryland, specializes in aquaculture technology. The company offers a software imaging platform that enables shrimp farmers worldwide to estimate shrimp abundance non-invasively with precision. By utilizing artificial intelligence and image analysis, Minnowtech's solution optimizes feeding regimes, harvest times, and overall farm management, enhancing market-size shrimp production while minimizing risks to juvenile shrimp. This innovative approach addresses a critical challenge in the aquaculture industry, improving farmers' livelihoods and contributing to global food security and marine environment sustainability.
Linshom is a healthcare technology company that develops wearable, FDA-cleared sensors for continuous, predictive respiratory monitoring at the patient's bedside or home. Their core product, an operating room quality respiratory profile, enables early detection of respiratory decline, reducing costly rapid response activations and ICU transfers, thereby improving patient outcomes and lowering healthcare costs.
Marinalife
Series A in 2023
Marinalife, LLC, established in 2000 and based in Baltimore, Maryland, specializes in providing marina information and cruising concierge services for boaters. As a subsidiary of Snag A Slip, LLC, Marinalife offers a comprehensive suite of travel services, including boat slip reservations and detailed marina information. The Marinalife Cruising Club membership grants boaters access to valuable travel resources, such as trip itineraries and destination guides, aimed at enhancing their boating experiences. Additionally, the company publishes Marinalife magazine, a quarterly travel and lifestyle publication that features engaging articles about marinas, cruising stories, and helpful tips for boaters. Through these offerings, Marinalife aims to support and enrich the boating community.
North American Wave Engine Corporation
Venture Round in 2022
North American Wave Engine Corporation, founded in 2015 and headquartered in College Park, Maryland, specializes in the design and development of innovative wave engines for jet propulsion applications. The company focuses on leveraging recent scientific advancements to create technology that achieves exceptional Thrust-to-Weight and Thrust-Specific Fuel Consumption ratios, all while eliminating the need for moving parts. This approach positions North American Wave Engine at the forefront of propulsion technology, aiming to enhance efficiency and performance in the aerospace sector.
SIMPLi is a company dedicated to providing regenerative organic food products, with a focus on nutrient-dense, superfood ingredients such as white and tri-color quinoa. The company is committed to promoting sustainable and ethical sourcing practices by working directly with growing communities in countries like Peru and Greece. This direct approach allows SIMPLi to bypass intermediaries and deliver single-origin ingredients to consumers. Their products are available in retail stores such as Whole Foods Market and Sprouts Farmers Market, aiming to connect people through the joy of food while addressing issues within the international supply chain.
ReGelTec, Inc. is a medical device company based in Baltimore, Maryland, established in 2018. The company focuses on developing minimally invasive spinal implants aimed at alleviating lower back pain and addressing degenerative disc disease. Its innovative device is administered through a small needle, delivering a viscous solution into the nucleus of an intervertebral disc. As the solution cools to body temperature, it solidifies into a single implant, providing patients with pain relief without the need for follow-up surgery. ReGelTec's approach represents a significant advancement in the treatment of spinal conditions, offering a less invasive option for patients seeking relief from chronic back pain.
Spine Align
Seed Round in 2020
Spine Align, LLC is a medical device company based in Baltimore, Maryland, founded in 2017. The company specializes in developing innovative imaging technology that provides real-time, three-dimensional measurements of spinal alignment during corrective surgeries. Its flagship product offers on-demand, full-length assessments of a patient's spine, significantly reducing the time required for measurements by 95% and minimizing radiation exposure by 80% compared to traditional methods. By enabling intraoperative alignment measurements, Spine Align aims to assist medical professionals in standardizing outcomes for primary spine surgeries and addressing the high revision rates associated with these procedures.
NextStep Robotics
Convertible Note in 2020
NextStep Robotics Inc. is a company based in Baltimore, Maryland, that specializes in manufacturing a robotic device aimed at treating foot drop, a condition that affects walking ability. Established in 2017, the company enables clinics to offer personalized robotic therapy through an adaptive software system that assesses and provides tailored assistance to patients. This innovative approach allows lower-skilled clinic staff to operate the device, freeing therapists to concentrate on more hands-on treatments. The technology is designed to transition into an AI-based system that optimizes training protocols based on individual patient deficits, thereby improving therapy outcomes. NextStep Robotics’ device is classified as a Class 1 Exercise Device, allowing for immediate revenue generation through direct sales and leasing, software subscriptions, and service contracts, all while providing clinics with a reimbursable therapy option for patients who previously had no effective treatment.
BurnAlong
Venture Round in 2020
BurnAlong, Inc. is a technology company that has developed an online fitness and wellness video application designed to enhance personal well-being through social motivation and tailored fitness experiences. Founded in 2016 and headquartered in Pikesville, Maryland, BurnAlong allows users to participate in health and fitness classes via video feed, connecting them with friends, fitness instructors, and a broader community. The platform employs machine learning to provide personalized recommendations, catering to a diverse audience that includes corporate employers, municipalities, insurers, individuals, and senior citizens. By facilitating engaging wellness classes, BurnAlong aims to help individuals achieve their health and wellness goals while promoting a positive culture within organizations.
Lifesprout
Series A in 2020
LifeSprout is developing the next generation of synthetic soft tissue substitutes for aesthetic and reconstructive medicine. They offer revolutionary products for aesthetic and regenerative medicine. They have created a platform that looks and behaves like the body’s own tissues. The company is turning this into a suite of products for millions of patients each year with soft tissue losses from aging, cancer, and metabolic disease.
NextStep Robotics
Seed Round in 2019
NextStep Robotics Inc. is a company based in Baltimore, Maryland, that specializes in manufacturing a robotic device aimed at treating foot drop, a condition that affects walking ability. Established in 2017, the company enables clinics to offer personalized robotic therapy through an adaptive software system that assesses and provides tailored assistance to patients. This innovative approach allows lower-skilled clinic staff to operate the device, freeing therapists to concentrate on more hands-on treatments. The technology is designed to transition into an AI-based system that optimizes training protocols based on individual patient deficits, thereby improving therapy outcomes. NextStep Robotics’ device is classified as a Class 1 Exercise Device, allowing for immediate revenue generation through direct sales and leasing, software subscriptions, and service contracts, all while providing clinics with a reimbursable therapy option for patients who previously had no effective treatment.
Vixiar Medical, established in 2013 and headquartered in Annapolis, Maryland, specializes in developing non-invasive, cost-effective devices and systems for monitoring cardiopulmonary diseases. Its flagship product, Indicor, is a handheld point-of-care device and digital platform designed to monitor and manage worsening heart failure. Vixiar's devices aim to enhance clinical workflow and deliver economic value to the healthcare system by enabling monitoring in various settings, including homes, offices, nursing homes, and hospitals.
ReGelTec
Venture Round in 2018
ReGelTec, Inc. is a medical device company based in Baltimore, Maryland, established in 2018. The company focuses on developing minimally invasive spinal implants aimed at alleviating lower back pain and addressing degenerative disc disease. Its innovative device is administered through a small needle, delivering a viscous solution into the nucleus of an intervertebral disc. As the solution cools to body temperature, it solidifies into a single implant, providing patients with pain relief without the need for follow-up surgery. ReGelTec's approach represents a significant advancement in the treatment of spinal conditions, offering a less invasive option for patients seeking relief from chronic back pain.
Pixelligent
Venture Round in 2018
Pixelligent Technologies, LLC specializes in the development and manufacturing of advanced optical materials. Founded in 2000 and based in Baltimore, Maryland, the company produces a range of products, including zirconia nanocrystal dispersions and phenyl silicone kits, which enhance light output and improve scratch resistance in solid-state lighting, displays, and optical components. Pixelligent's proprietary PixClearProcess® enables it to create customized materials that seamlessly integrate into various manufacturing processes. The company serves global markets such as lighting and electronics, and has a strategic collaboration with Corning Incorporated.
North American Wave Engine Corporation
Venture Round in 2018
North American Wave Engine Corporation, founded in 2015 and headquartered in College Park, Maryland, specializes in the design and development of innovative wave engines for jet propulsion applications. The company focuses on leveraging recent scientific advancements to create technology that achieves exceptional Thrust-to-Weight and Thrust-Specific Fuel Consumption ratios, all while eliminating the need for moving parts. This approach positions North American Wave Engine at the forefront of propulsion technology, aiming to enhance efficiency and performance in the aerospace sector.
University of Maryland
Grant in 2018
The University of Maryland, located in College Park, Maryland, is a distinguished public research university that was established in 1856. Over the past two decades, it has significantly enhanced its reputation and academic standing, emerging as a leading institution in research, entrepreneurship, and innovation. The university is committed to leveraging its competitive advantages and pursuing ambitious goals to further its mission. With a focus on fostering an environment conducive to academic excellence and practical application, the University of Maryland aims to solidify its position among the world's premier educational institutions.
RoundTrip
Seed Round in 2018
RoundTrip, Inc. operates a digital marketplace that facilitates non-emergency medical transportation by connecting patients with a network of ride providers. Founded in 2014 and based in Philadelphia, Pennsylvania, the company offers a user-friendly software platform that allows healthcare organizations and transportation companies to schedule, dispatch, and monitor patient rides. RoundTrip serves hospitals and health plans in ten states, aiming to improve care coordination and reduce patient no-shows. The platform provides access to various transportation options, including medical cars, wheelchair vans, and stretcher vehicles. RoundTrip has established strategic partnerships with notable healthcare organizations, enhancing its service offerings. The team behind RoundTrip consists of professionals with experience as paramedics and in healthcare management, which informs their approach to addressing the challenges in medical transportation.
Lifesprout
Seed Round in 2018
LifeSprout is developing the next generation of synthetic soft tissue substitutes for aesthetic and reconstructive medicine. They offer revolutionary products for aesthetic and regenerative medicine. They have created a platform that looks and behaves like the body’s own tissues. The company is turning this into a suite of products for millions of patients each year with soft tissue losses from aging, cancer, and metabolic disease.
eNeura Therapeutics
Series D in 2018
eNeura Inc. is a medical technology company focused on developing portable, non-invasive transcranial magnetic stimulation (TMS) devices for the treatment and prevention of migraines. Its flagship product, the sTMS mini, utilizes single-pulse TMS to provide migraine relief by generating targeted magnetic fields that pass through bone and tissue. This device is designed for both acute and prophylactic treatment of migraines in adolescents aged 12 and older, as well as adults, allowing for convenient use at home or on the go. eNeura was established in 2012 and is headquartered in San Jose, California, with an additional office in Baltimore, Maryland. The company, formerly known as eNeura Therapeutics LLC, rebranded in February 2014. However, it faced financial difficulties and filed for liquidation under Chapter 7 in August 2020.
Snag-A-Slip
Series A in 2017
Snag-A-Slip is an online platform designed to connect boaters with marina owners, facilitating the booking of transient slips effortlessly. The platform allows boaters to explore available slips without incurring any booking fees, offering a straightforward process that can be accessed via desktop or mobile devices. For marina owners, Snag-A-Slip provides a cloud-based inventory management system that helps them manage available slips efficiently and gain insights into revenue. The service operates on a transaction fee model, with marinas only paying when slips are successfully booked. Founded by Dan Cowens, who has extensive experience in both boating and the hospitality industry, Snag-A-Slip aims to enhance the boating experience by making it more accessible and enjoyable for all participants.
Jetpack, Inc. is a company that specializes in the online retail and delivery of both food and non-food products, focusing on nighttime service. Established in 2017 and headquartered in Stanford, California, the company primarily serves college students by providing essential consumer products on-demand. Jetpack aims to streamline convenience for its customers by ensuring that necessary items are readily available in real-time, thereby enhancing the overall shopping experience.
Vixiar Medical, established in 2013 and headquartered in Annapolis, Maryland, specializes in developing non-invasive, cost-effective devices and systems for monitoring cardiopulmonary diseases. Its flagship product, Indicor, is a handheld point-of-care device and digital platform designed to monitor and manage worsening heart failure. Vixiar's devices aim to enhance clinical workflow and deliver economic value to the healthcare system by enabling monitoring in various settings, including homes, offices, nursing homes, and hospitals.
Arbit, Inc. is a technology company based in Forest Hill, Maryland, incorporated in 1983. It specializes in a polling application that enables brands and individuals to create polls, share opinions, aggregate results, and view analytics in real-time. The platform is particularly popular among sports and pop culture figures, having gained backing from notable NBA players. Arbit’s application allows businesses to conduct video surveys and engage users through interactive content, facilitating a deeper understanding of consumer sentiment toward their products. This functionality provides brands with an effective tool to connect with their target audience and enhance customer acquisition efforts.
Sonavex, Inc. is a medical technology company based in Baltimore, Maryland, founded in 2013. The company specializes in developing innovative imaging solutions, primarily focusing on ultrasound-based methods to detect anastomotic blood clots and assess vascular health. Sonavex's proprietary technology platform provides clinicians with real-time visualization of critical data at the point of care, enabling them to measure intravascular flow metrics and detect post-operative clots effectively. Additionally, the company has developed bioresorbable and echogenic equipment designed to mark at-risk blood vessels, allowing for future assessments of complications. This technology collects essential data, such as volumetric flow rate and vessel morphology, to enhance patient care in surgical settings, ultimately aiming to improve outcomes for surgical patients.
Marigold Health
Seed Round in 2017
Marigold Health operates a social network community platform that provides AI-augmented chat support groups designed to assist individuals with behavioral health needs. By facilitating anonymous text-based group therapies, the company enables patients dealing with mental health and substance use conditions to connect and support one another. These support groups are complemented by the involvement of recovery coaches who help participants formulate personalized recovery plans. Marigold Health partners with treatment providers and managed care organizations within the Medicaid market, aiming to enhance patient engagement while allowing care teams to manage increased capacity effectively. Through its innovative approach, the company offers on-demand, stigma-free support for individuals seeking to improve their mental health.
Awarables Inc. develops innovative hardware and software solutions focused on sleep monitoring and improvement. Founded in 2013 and based in Baltimore, Maryland, the company offers a multi-sensor wearable device that collects physiological data, including heart rate, along with sleep environment information and patterns. Its mobile application captures user sleep habits, daytime performance, and mood while providing personalized therapy to enhance sleep health. Awarables' sleep analytic system integrates signals from microsensors with proprietary processing algorithms to deliver accurate assessments of sleep quantity and quality. This technology aims to assist both clinicians and consumers by offering real-time feedback to promote better behavioral outcomes related to sleep disorders and overall sleep quality.
Sisu Global Health
Seed Round in 2016
Sisu Global Health is a medical device manufacturer focused on developing innovative solutions for blood management in emergency situations. The company produces a handheld mechanical device designed to salvage, filter, and recycle blood from patients experiencing internal bleeding. This device is particularly useful during surgical procedures, as it allows healthcare professionals to collect blood lost from internal hemorrhages and use it to augment or replace donor blood. This technology is especially critical in cases of blunt trauma and complications during early pregnancy, thereby enhancing patient care and reducing reliance on donor blood in urgent medical scenarios.
Pixelligent
Series C in 2016
Pixelligent Technologies, LLC specializes in the development and manufacturing of advanced optical materials. Founded in 2000 and based in Baltimore, Maryland, the company produces a range of products, including zirconia nanocrystal dispersions and phenyl silicone kits, which enhance light output and improve scratch resistance in solid-state lighting, displays, and optical components. Pixelligent's proprietary PixClearProcess® enables it to create customized materials that seamlessly integrate into various manufacturing processes. The company serves global markets such as lighting and electronics, and has a strategic collaboration with Corning Incorporated.
Loople Mobile
Seed Round in 2016
Loople Mobile is a company that specializes in providing a business intelligence and marketing solution tailored for the alcohol industry. Founded in February 2014 by David Phelan and Philip DiMuro, and based in Baltimore, Maryland, the company has developed a GPS-enabled smartphone application. This application allows users to discover local bars and restaurants, showcasing drink specials, seating arrangements, and other offers. By leveraging digital mapping and personalized food preferences, Loople Mobile enhances the experience of finding suitable dining and drinking establishments, making it easier for individuals to locate venues that match their tastes.
Sonavex
Seed Round in 2015
Sonavex, Inc. is a medical technology company based in Baltimore, Maryland, founded in 2013. The company specializes in developing innovative imaging solutions, primarily focusing on ultrasound-based methods to detect anastomotic blood clots and assess vascular health. Sonavex's proprietary technology platform provides clinicians with real-time visualization of critical data at the point of care, enabling them to measure intravascular flow metrics and detect post-operative clots effectively. Additionally, the company has developed bioresorbable and echogenic equipment designed to mark at-risk blood vessels, allowing for future assessments of complications. This technology collects essential data, such as volumetric flow rate and vessel morphology, to enhance patient care in surgical settings, ultimately aiming to improve outcomes for surgical patients.
Perceptive Navigation
Seed Round in 2015
Perceptive Navigation LLC is a pre-clinical stage medical device company based in Baltimore, Maryland, focused on developing innovative interventional medical devices for the image-guided surgery market. The company is known for its flagship product, Vu-Path, an intracorporeal ultrasound device that integrates front-viewing ultrasound imaging with a working portal. This unique combination allows for the precise introduction of needles, biopsy instruments, guide wires, and therapeutic agents into the body. Vu-Path aims to enhance the safety and efficacy of minimally invasive procedures across multiple medical disciplines, including radiology, cardiology, interventional oncology, and urology. Traditional imaging techniques often pose challenges such as high costs, complexity, and risks associated with patient safety. Vu-Path addresses these issues by facilitating quicker and safer access to internal organs while reducing the need for extensive training and equipment. With its patented technology, Perceptive Navigation seeks to transform the landscape of interventional medicine, improving outcomes for both patients and healthcare providers.
Vasoptic Medical
Seed Round in 2015
Vasoptic Medical Inc. is a medical device company based in Baltimore, Maryland, focused on the non-invasive assessment of blood flow and vascular status through advanced imaging technology. The company's flagship product, the XyCAM Retinal Imager, enables healthcare professionals to visualize retinal blood flow dynamics without the need for contrast agents or pupil dilation. This innovative device offers a low-cost and portable solution for capturing physiological information from the retinal microvasculature, allowing for a quantitative assessment of various ophthalmic and systemic diseases. Vasoptic Medical aims to enhance access to essential eye care by positioning its devices in primary care centers, healthcare facilities, pharmacies, and community clinics worldwide, particularly benefiting at-risk and underserved populations. Since its incorporation in 2012, the company has been dedicated to improving the quality and accessibility of eye examinations.
CoolTech Medical
Grant in 2015
CoolTech Medical is a Baltimore-based company that specializes in transnasal cooling technology aimed at non-invasive fever control and neuroprotection. Founded in 2011, the company has developed the CoolStat device, which is compact, lightweight, and portable, allowing it to be easily transported throughout a hospital with the patient. This innovative device works by delivering filtered, room-temperature air through single-use tubing into the patient's nasal passages, creating an evaporative cooling effect that helps manage body temperature. The technology is particularly beneficial for patients experiencing cardiac arrest or head injuries, as it facilitates rapid cooling to improve outcomes.
Pixelligent
Venture Round in 2013
Pixelligent Technologies, LLC specializes in the development and manufacturing of advanced optical materials. Founded in 2000 and based in Baltimore, Maryland, the company produces a range of products, including zirconia nanocrystal dispersions and phenyl silicone kits, which enhance light output and improve scratch resistance in solid-state lighting, displays, and optical components. Pixelligent's proprietary PixClearProcess® enables it to create customized materials that seamlessly integrate into various manufacturing processes. The company serves global markets such as lighting and electronics, and has a strategic collaboration with Corning Incorporated.
SeeFuture
Seed Round in 2013
SeeFuture is a virtual mentorship and recruiting platform designed for college students, starting from their freshman year. The company enables students to apply for mentorship opportunities with member companies, where they are paired with corporate mentors who guide them through company-specific learning modules. All interactions occur via webcam technology integrated into the SeeFuture platform, facilitating face-to-face communication. This immersive experience allows students to build professional networks and enhances their chances of securing internships or entry-level positions within the organization. Additionally, SeeFuture collaborates with private talent development networks and employs an algorithm to connect students with mentors, helping them develop the skills necessary to be industry-ready.
GiveCorps
Angel Round in 2012
GiveCorps is a technology company that focuses on fostering an online community dedicated to philanthropy. Its mission is to connect individuals with local non-profits and engage local merchants in rewarding donors for their contributions. By spotlighting compelling local projects, GiveCorps aims to inspire citizens to donate, with a target of raising over $5 million annually in each city by encouraging at least 500 individuals daily to contribute $25 each. The company provides Software as a Service (SaaS) solutions that facilitate relationships between donors and non-profits, enhancing the philanthropic experience and promoting community involvement.
TidePoint
Series A in 2000
A provider of business partner infrastructure solutions
IC-USA is a business consulting firm that assists both domestic and foreign nationals in establishing investments. It also offers passive investments for investing, which refers broadly to a buy-and-hold portfolio strategy for long-term investment.