Today: May 22, 2024
January 11, 2024
1 min read

100KM Ventures Partners with TEDCO to Propel SSBCI Fund


  • Maryland’s TEDCO has selected 100KM Ventures as one of the venture capital fund managers supporting its management and investment of up to $10m in funding allocated from the US Department of Treasury State Small Business Credit Initiative (SSBCI).
  • 100KM Ventures focuses on investment in early-stage technology firms with diverse management teams.
  • TEDCO CEO Troy LeMaile-Stovall highlighted the potential for Maryland to become a leading technology hub and praised the contributions of 100KM Ventures in expanding TEDCO’s reach.
  • Last year, TEDCO received an infusion of up to $50m in funding from the SSBCI initiative, to be used to support several funding programmes.

Maryland-based TEDCO has partnered with 100KM Ventures to manage and invest up to $10m in funding from the US Department of Treasury. The funding will be used to support recipients of TEDCO’s Venture Equity Fund, Seeds Funds Equity programme and Social Impact Funds, alongside the $10m earmarked for the Venture Capital Limited Partnership equity programme. 100KM Ventures will oversee $3m worth of this funding, and will invest the money in early-stage technology companies with diverse management teams. Troy LeMaile-Stovall, TEDCO CEO, expressed excitement at the potential for Maryland to become a technology hub, thanks to resources available in the region. The partnership will help to support entrepreneurs and a diverse statewide ecosystem.

Previous Story

Sequoia’s Ex-Chinese Partner Supports a Fresh Nvidia Challenger

Next Story

Portland Metro’s Venture Capital Investment Plunges by 59%, Below $1B

Latest from Blog

Binance Invests in Aevo: Leading the Way in L2 DEX

TLDR: Binance Labs has invested in a layer-2 DEX protocol called Aevo, rebranded from Ribbon Finance. Aevo is a high-performance derivatives DEX platform built on Ethereum’s layer-2 protocol. Crypto Exchange Binance Discloses

Funding Your Bold Idea: LGBTQ+ Venture Capital Basics

TLDR: LGBTQ+ entrepreneurs face challenges in obtaining funding for their business ideas. Queer-focused venture capital funds and organizations have emerged to help LGBTQ+ individuals find economic stability through entrepreneurship. Queer people are
Go toTop