Investments support innovative technology and life sciences companies doing business in Maryland
BALTIMORE, Md. (March 21, 2018)—TEDCO’s Seed Fund announced its latest round of investments totaling $1.2 million in five start-ups. The companies are: LifeSprout, ARMR Systems, Vizual.AI, Theraly Fibrosis and Insightin Health.
“These start-ups exemplify Maryland’s thriving entrepreneurial ecosystem,” said George Davis, CEO of TEDCO. “We are proud and excited to be a part of their growth.”
The new Seed Fund portfolio companies are:
- LifeSprout, located in Baltimore, was founded at Johns Hopkins by Dr. Sashank Reddy and his team. LifeSprout is developing the next-generation of synthetic soft tissue substitutes for aesthetic and reconstructive medicine. The company’s proprietary platform is expected to have wide applicability to patients with traumatic, oncologic, or aging-related soft tissue losses. The company raised a total of $6.0 million including $500,000 from TEDCO.
- ARMR Systems, located in Baltimore, is engineering the world’s first wearable tourniquet system designed to save lives of war-fighters, first-responders, and civilians in situations where advanced medical support is unavailable. The company raised $200,000 including $100,000 from TEDCO.
- Vizual.AI, located in Baltimore, delivers content optimization AI for increased engagement of dynamic digital content including images, .gifs, and video trailers. The company raised a total of $1.3 million including $200,000 from TEDCO.
- Theraly Fibrosis, located in Germantown, develops a lead compound TLY-012 that has the potential to reverse established fibrosis across various fibrotic diseases. The company raised at total of $700,000 including $200,000 from TEDCO.
- Insightin Health, located in Gaithersburg, is a personalized preventative care platform for high-cost patient populations that doubles as a lead generation tool for the payors. The platform increases engagement of the patient while increasing enrollment numbers for the payor. The company raised a total of $750,000 including $200,000 from TEDCO.
TEDCO’s Seed Fund invests in and partners with early-stage companies. Through seed funding and start-up related services, TEDCO works with the entrepreneurs to ensure they have the tools they need for success.
TEDCO provides resources and connections that early stage technology and life sciences companies need to thrive in Maryland. TEDCO’s mission is to discover, invest in, and help build great companies. Learn more at www.tedco.md
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Tammi Thomas, Vice President for Marketing, TEDCO