Wearable tech startup MilestonePod is about to close its first round of venture funding — $700,000 to help build its accelerometer devices that attach directly to the shoelaces of people’s sneakers.
The Baltimore Business Journal reports:
The company is in the process of closing of closing its first round of funding — $700,000 led by Panacea Capital Advisors, the Bethesda venture capital firm that also invested in Baltimore startup Foodem. The $700,000 in funding includes a $200,000 loan from the Anne Arundel Economic Development Corp. under its VOLT program.
MilestonePod is also a semi-finalist in this year’s InvestMaryland Challenge. While the challenge is yet to begin, the startup won the rights to a semi-finalist slot for coming in second place in this year’s Pitch Across Maryland contest in November.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!
Donate to the Journalism Fund
Your support powers our independent journalism. Unlike most business-media outlets, we don’t have a paywall. Instead, we count on your personal and organizational contributions.

These 10 regions could be most impacted by federal return-to-office mandates

From Belgaum to Baltimore and beyond, this founder leaned on family to build a biotech juggernaut

Eagles and Chiefs have already made Philadelphia and Kansas City economic winners
