State, city pump $375K more into microloan program [Startup Roundup] - Baltimore


Jun. 11, 2014 8:00 am

State, city pump $375K more into microloan program [Startup Roundup]

This is the Startup Roundup. Every Wednesday morning, gathers news items about what's going on in the Baltimore startup ecosystem.

Who’s getting funded?

E-commerce firm OpiaTalk raised $100,000 in debt, according to SEC filings. The startup, based out of the Federal Hill incubator Betamore, signed Skype as its first client in April.

Glen Burnie-based NovaSom raised $3 million in a debt offering, Citybizlist reports. The health firm makes an FDA-approved sleep apnea home testing device.

The state Department of Business and Economic Development granted $250,000 to the Baltimore Development Corporation to fund the city’s BaltimoreMICRO loan program, MDBIZ News reports. The city is contributing $125,000 in matching funds. The program has issued $285,000 in loans to 13 businesses since its 2012 inception.

Tyler Waldman

Tyler Waldman is a contributor for Baltimore. A Towson University graduate and former local editor for, Tyler has also written and photographed for publications including the Baltimore Brew, Howard County Times and Towson Times. He lives in Charles Village.

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