TEDCO was created by the Maryland State Legislature in 1998 to facilitate the transfer and commercialization of technology from Maryland’s research universities and federal labs into the marketplace and to assist in the creation and growth of technology-based businesses in all regions of the State.   TEDCO is an independent organization that strives to be Maryland’s lead source for entrepreneurial business assistance and seed funding for the development of startup companies in Maryland’s innovation economy.   In Maryland and beyond, TEDCO is a resource of mentoring, funding and networking for entrepreneurs and start-ups that need guidance as they bring innovative concepts to market.   TEDCO is more than an early stage funding resource. It is the hub of Maryland’s entrepreneurial network where startups find mentors, organizational assistance, facilities for daily operations, and a roadmap for success.

TEDCO

They are passionate about seeing their portfolio companies become successful.

Bantam Group

Rough Draft Ventures is a student-led team that funds technology-focused university entrepreneurs. They invest checks through founder-friendly SAFEs via their network of student fellows, supplying the brightest student founders across the US with meaningful resources, access to education, and one of their earliest support systems. The company was founded in 2012 and is based in Cambridge, Massachusetts, United States.

Rough Draft Ventures

The Abell Foundation was inaugurated over a half a century ago, Chairman Harry C. Black and the founding board members set an agenda that allocated grants for schools, hospitals, and human service organizations reaching out to the disadvantaged in the Baltimore community and the region. In the past three decades, the Foundation has sharpened its focus to address complex challenges to break through the cycles of urban poverty. Today, the Foundation places the highest priority on creating solutions that are both innovative and will ensure accountability. This is the commitment of The Abell Foundation: to give hope by opening the doors of opportunity to the disenfranchised, knowing that no community can succeed and thrive if those who live on the margins are not included. We invite you to use this website to visit our Publications/Research section where you'll find thought-provoking perspectives on issues affecting the community at large.   The Abell Foundation places a priority on supporting efforts that enhance the quality of life in the areas of community development, education, health and human services, criminal justice and addictions, workforce development and to a lesser extent, conservation/environment, and arts and culture. The Foundation is among the largest private foundations in Maryland with assets of more than $314 million.

Abell Foundation

K50 Ventures is a purpose-driven, early-stage venture capital firm.  We are the first institutional check and long-term partner to founders who believe technology has the potential to unlock access and affordability for the world’s working class across health, finance, and work.  Since 2016, we’ve invested in over 150 companies that have generated top-decile venture returns for our investors and material impact for millions of people and small businesses.

K50 Ventures

SpringTide is a venture capital that provides investment in the health tech industry. The firm was founded in 2018 and is headquartered in Cambridge, Massachusetts, United States.

SpringTide Ventures

Felicis Ventures is a venture capital firm based in Menlo Park, California. The firm invests in seed through Series C stage companies across multiple sectors and industries reinventing core markets, as well as those creating frontier technologies. Felicis currently manages over $2B in capital across 8 funds. The firm is an early backer of more than 40 companies valued at $1B+. More than 90 of its portfolio companies have been acquired or gone public since the firm was founded by Aydin Senkut in 2006.

Felicis

KdT Ventures is an early-stage venture capital firm that invests in startups in the data, engineering, and biology sector, as well as healthcare technology systems, pharmaceuticals, biotechnology, agriculture, chemicals, gases, and life sciences. The firm was founded in 2017 in Austin, Texas by Cain McClary.

KdT Ventures

Koa Labs is a fund for founders looking to start independent companies. Koa Labs was founded by Andy Palmer and is headquartered in Cambridge, Massachusetts.

Koa Labs

Flare Capital Partners provides capital for early-stage and emerging healthcare technology companies. The firm invests across the United States, recognizing that healthcare technology innovation is occurring in many cities around the country.

Flare Capital Partners

AI-first, seed-first fund in digital health, automation (cars, drones, robots) & enterprise. Tau Ventures was founded in 2019 and headquartered in Palo Alto, California.

Tau Ventures

Stand Together Ventures Lab is a venture group focused on originating, incubating, and funding ventures that leverage disruptive business models or a unique application of technology with the potential to drive positive societal transformation.

Stand Together Ventures Lab

Epsilon Health Investors is a healthcare-focused strategic investor, supported by and organized for a consortium regional not-for-profit health.

Epsilon Health Investors

gBETA Medtech is a free, seven-week accelerator that works with medical device, healthcare-related software, biotech and diagnostics startups. gBETA Medtech is a program of UEL and gener8tor. gBETA Medtech’s founding sponsor is Boston Scientific and the cohort receives mentorship support from Mayo Clinic, University of Minnesota and Medical Alley Association.

gBETA Medtech

Mayo Clinic Ventures is dedicated to quickly bringing answers to the people who need them most: the patients living with diseases and conditions that threaten to limit or even end their lives. Our team works closely with Mayo physicians and scientists to mine inventions, ideas and discoveries that will truly transform health care. Their dedicated efforts bring significant financial support to Mayo's patient care, education and research efforts.

Mayo Clinic Ventures

Rock Health Capital is a full-service seed fund that invests in and supports startups working in digital health. The company invests in entrepreneurs working at the intersection of healthcare and technology. Rock Health Capital is a digital health-focused investment firm.

Rock Health Capital

Innospark Ventures is a new breed of early-stage venture capital firm, investing in the AI-driven economy.

Innospark Ventures

Wavemaker Three-Sixty Health is the leading U.S. early-stage (Seed and following on at the Series A) venture capital fund focused 100% on healthcare. Launched in 2018, Wavemaker 360 invested into the most promising healthcare startups in North America, with LPs from every sector of the US healthcare system.  We are SEEDING HEALTHCARE'S TOMORROW.  We invest in healthcare disruptors and entrepreneurs that see how the industry is transforming itself and want to make a big difference.

Wavemaker 360

Commonwealth Care Alliance is a not-for-profit, community-based healthcare organization that improves the health and well-being of people with significant needs by coordinating and providing individualized care. CCA provides care for required individuals through a model that improves health outcomes while reducing overall care costs.

Commonwealth Care Alliance

VNS Health is a home and community-based health care organization. They offer home care, hospice care, behavioral health programs, and so on. Their home care services include personal care services, nursing, senior care, rehabilitation therapy, wound care, after-surgery care, and so on.

VNS Health

Marigold Health

Marigold Health uses AI-augmented chat support groups to reach and retain patients with behavioral health needs in community-based treatment. Patients receive a personalized wraparound support while care teams see dramatic gains in capacity using patients to engage each other.   We partner directly with treatment providers and managed care organizations in the Medicaid market.

<div><p>Marigold Health provides a text-based anonymous peer support platform for patients with substance use disorder (SUD) and other mental conditions. The platform also connects users with its coaches over text, phone, and video sessions for personalized treatments. Marigold is available across Delaware and Massachussettes, as of December 2021.</p></div>

New technologies are opening up mental health services to previously overbooked and underserved populations.

Mental Health Tech

Marigold Health: Peer Recovery Support Company Secures $11 Million In Series A

<div>
  <p>
    Marigold Health provides a text-based anonymous peer support platform for patients with substance use disorder (SUD) and other mental conditions. The platform also connects users with its coaches over text, phone, and video sessions for personalized treatments. Marigold is available across Delaware and Massachussettes, as of December 2021. 
  </p>
  <p>
    The company raised an additional USD 2.5 million in February 2022, bringing its seed funding to USD 6 million, initially announced in December 2021. The latest funding round was co-led by KdT Ventures and Felicis Ventures. The proceeds will be used to scale up its peer workforce as well as to expand into three more US states via provider and Medicaid partnerships.
  </p>
</div>


<div>
  <p>
    Boulder Care is a telepsychiatry platform that connects patients who are opioid-addicted users to addiction specialists, care coordinators, and peer coaches. Patients can get personalized plans via video and text messaging and the app is intended to be used in conjunction with prescription medicines and lab tests.
  </p>
  <p>
    <b>Funding and financials</b>
  </p>
  <p>
    In June 2022, the company raised USD 36 million in a Series B funding round. The funds were earmarked to triple the size of the company’s medical care team, expand its geographical footprint, and increase its value-based care treatment options through partnerships with health plans.
  </p>
</div>


Boulder Care

<div>
  <p>
    7 Cups provides an emotional-support platform with a network of volunteer listeners. Users can anonymously access either one-on-one chats or group chats 24/7, free of charge for issues such as depression, anxiety, relationships and those related to the LGBTQ+ community.  It also teaches users skills such as meditation to improve their lives. If users want additional support, the company also provides access to an online therapy platform with a network of 180 licensed therapists for a subscription plan of USD 150 per month. 7 Cups is available for users above 13 years of age (users between 13 and 17 years old engage with listeners who are specifically trained in teenage interactions).
  </p>
  <p>
    Volunteer peer listeners get free training and support as well as flexible scheduling. Once a user requests a chat, it will be directed to available listeners and if the user requests a specific listener, he will be connected as soon as the listener accepts the demand. The service is anonymous and the listener has no access to the details of the user unless the information is disclosed to the listener by the user in their conversations. As of January 2022, 7 Cups has facilitated more than 51 million conversations, served 25 million individuals, and had 300,000 trained listeners. The listeners serve in 180 countries in 140 languages.
  </p>
</div>


7 Cups

<p><span>wayForward provides technology-supported behavioral health and emotional wellness services for employers planning to make services available to their employees. It uses a screening procedure designed by neuropsychologists to triage and help employee members get clinically relevant mental healthcare. The company provides a self-guided app, text-based coaching, video visits, telepsychiatry, and if required, in-person visits or an on-site counselor. wayForward leverages its evidence-based approach and artificial intelligence in delivering its services and claims that it has been able to reduce anxiety symptoms by 48% and depression symptoms by 59%.</span></p><p><span>The company raised USD 2 million in a seed round in June 2020, which brought total funding to USD 4.5 million. DarioHealth, a chronic disease management platform based in Israel, signed a definitive agreement to acquire 100% of wayForward in May 2021 for a total consideration of USD 30 million. As of May 2021, the wayForward had approximately 20,000 members and was available in North America, Australia, and Europe.</span></p><p><br></p>

wayForward

<p><span>Coa is a mental health company that conducts online classes led by licensed therapists for mental health users. The classes focus on conditions such as stress, anxiety, confidence and relationships. The company raised USD 3 million in a seed round in October 2020 from investors led by Crosslink Capital.</span></p>

<div>
  <p>
    Meru Health is an online platform that connects patients experiencing stress, depression, anxiety, burnout, and other mental health issues to licensed therapists. The company was founded by Kristian Ranta in 2016 after his older brother died from suicide after battling depression. The platform offers a 12-week program and personalized text-based coaching services and virtual workshops. Meru also provides access to progress reports and anonymous peer support groups as well as sleep, nutrition, and mindfulness advice on top of vital tracking information—such as heart rate data.
  </p>
  <p>
    The company reported a 10x YoY growth in its customer base in 2020 and plans to serve 10 million users by 2027. The company also achieved 8x YoY growth in revenue in 2020 amid an increase in demand in mental health services brought about by the Covid-19 pandemic.
  </p>
  <p>
    <b>Key customers and partnerships</b>
  </p>
  <p>
    In September 2022, Meru Health and clinical trial platform Curebase 
    <a href="https://sp-edge.com/updates/13230">
      announced a partnership
    </a>
     to carry out a three-year clinical trial to measure the effectiveness of Meru Health’s 12-week digital depression treatment targeting primary care patients. The study was funded by the National Institutes of Health’s Small Business Innovation Research program. 
  </p>
  <p>
    <b></b>
  </p>
  <p>
    <b>Fundings and financials</b>
  </p>
  <p>
    In May 2022, the company secured a USD 2 million grant from the National Institute of Mental Health to measure the effectiveness of its 12-week program for treating primary care patients. The study will follow 300 patients across the US with symptoms of major depression for a period of three years.
  </p>
</div>


Meru Health

Online peer-to-peer platform and support system that connects mental health communities.

Mobile-based apps and FDA-approved software that incorporate evidenced-based cognitive behavioral therapy to prevent, treat, or manage mental and behavioral conditions in conjunction with or as a replacement for traditional medication.

Products for behavioral health and mental health tracking, measurement-based care, and real-time remote monitoring of patients.

Subscription or membership-based platforms and apps to connect therapists, psychiatrists or behavioral health coaches with patients.

Offers virtual offerings for mental health consultations

Mental healthcare services offer personalized care tailored to a user's needs and treatment progression

There are mental health providers offering services specifically to help LGBTQ+ or BIPOC individuals

Several mental health technology providers offer therapy services rendered by AI/ML technology

<div>
 
 <p>Peer recovery platform Marigold Health has secured USD 11 million in a Series A financing round. Rock Health and Innospark Ventures co-led the round, and other investors also contributed. This raise brings Marigold Health's total funding to USD 21.6 million.</p>
 <p>Marigold intends to use the capital to broaden its reach nationally, with a focus on expanding more engaging substance use disorder (SUD) support programs. The company has plans to extend its operations to a minimum of four more states by the end of the upcoming year. Further, the funding will be used to augment its peer workforce and enhance its proprietary natural language processing (NLP) capabilities.</p>
 <p>The company's platform, as of June 2024, is available to 25,000 members in Delaware, Rhode Island, and Massachusetts. Marigold also specified that it will prioritize partnerships with Medicaid and dual health plans catering to complex or vulnerable populations.&nbsp;</p>
 
</div>

Marigold Health

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