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.
Before you go...
Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.
3 ways to support our work:- Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
- Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
- Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!
A new model for thinking about how to grow regional economies: the Innovation Ecosystem Stack
Can the nation’s biggest cyber hub even handle Craiglist founder’s $100M security pledge?
20 tech community events in October you won’t want to miss
