Startups
Investing / Municipal government / Startups

TEDCO Capital Partners raising $30M to invest in veteran-owned businesses

U.S. military veteran Stuart M. Sutley and retired Major Gen. Genaro Dellarocco will act as the new fund's general partners.

The investment arm of the Maryland Technology Development Corporation (TEDCO) is raising money for a new Veterans Opportunity Fund to invest in business owned by veterans of the U.S. military. According to a press release, the fund “will focus on technology, business services, manufacturing, retail, transportation, hospitality and healthcare.”
TEDCO Capital Partners (TCP) is now raising $30 million for the Veterans Opportunity Fund. TCP is the for-profit fund manager within TEDCO, which uses taxpayer dollars as the investment capital into startups located in the state. In addition to the Veterans Opportunity Fund, TCP oversee three other funds, including the Propel Baltimore Fund for early-stage startups located within, or willing to relocate to, Baltimore city.
U.S. military veteran Stuart M. Sutley and retired Major Gen. Genaro Dellarocco will act as the new fund’s general partners.

Companies: TEDCO Capital Partners / TEDCO

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.

Our services Preferred partners The journalism fund
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

Inside Maryland’s latest effort to support emerging businesses

As a returning citizen, she experienced tech overload. Now she’s fighting to end the digital divide

A Baltimore entrepreneur’s new platform aims to topple tech silos

This Week in Jobs: The kernel of a new career is in these 20 tech opportunities

Technically Media