AUM
Estimated Dry Powder
Fund Size (Latest)
Estimated Cheque Size
Stages
- Seed
- Series A
- Unspecified Round
Fund Details
Year Established
2017
Website
https://momentum.usmd.edu/HQ
620 W. Lexington St, Baltimore, MD, 21201, US, North America
HQ Phone
+1 410 706 3361
About
The Maryland Momentum Fund (MMF) was established to invest in promising early-stage companies associated with the University System of Maryland (USM). The fund is focused on companies raising “late seed” rounds, where investments will fill grant and early stage funding gaps in anticipation of a series A round within 18 to 24 months. Founded by the USM Board of Regents with the objective to promote the economic development initiatives of the state, Momentum will give particular attention to developing the innovation ecosystem in key sectors of regional and USM institutional strength. Investments will generally range from USD 150,000 to USD 500,000, with USD 250,000 being the most likely sum, in the form of convertible notes or equity purchases. In all cases, an investment matching (1:1) Momentum funding must be obtained within 6 months.
HQ Map
No mappable locations available.
Locations