ClearMask receives $300K investment from the Maryland Technology Development Corporation
On March 31, 2020, the company received a $300K investment from the Maryland Technology Development Corporation (TEDCO), with $100K from the Builder Fund and $200K from the Seed Fund. TEDCO, Maryland’s economic engine for technology companies, supports and invests in companies from industry sectors that are critical to Maryland’s economic development.
TEDCO’s Builder Fund was created to financially and operationally support the development of startup companies run by entrepreneurs who demonstrate a socially or economically disadvantaged background that hinders access to traditional forms of capital and executive networks. ClearMask LLC is a minority owned company.
TEDCO’s Seed Fund invests in technology and life sciences start-ups based in Maryland, enabling start-ups to build strong businesses here in Maryland.