who’s getting funded?
Allovue, based in both Baltimore and soon the Socratic Labs edtech accelerator in New York City, received $100,000 from the Maryland Technology Development Corporation. The edtech startup from Jess Gartner creates budget-tracking software for public school administrators and principals.
Bambeco, based in the Fairfield Area neighborhood of Baltimore city, has raised $4.6 million in equity, according to SEC filings. The online retailer, which has received two rounds of funding previously from the state’s InvestMaryland fund, sells eco-friendly furniture and other home and garden products.
2U, based in Landover in Prince George’s County, has raised $31 million in equity, according to SEC filings. The edtech startup partners with universities, puts together for-credit, online courses and degree programs with each school, and then offers those programs to students worldwide.
who’s making moves?
Inner Harbor-based cybersecurity company CyberPoint International has won a research contract from the federal government for $5.4 million. “CyberPoint’s research and development team will work … to solve technical problems and advance cyber defense testing,” according to the Baltimore Business Journal.-30-