TEDCO Announces SSBCI Investment into Givhero
Maryland small business helping employers to support their employees’ health
COLUMBIA, Md. (May 18, 2023) – TEDCO, Maryland’s economic engine for technology companies, announced a recent State Small Business Credit Initiative (SSBCI) investment of $200,000 into Givhero, Inc., a startup company supporting employee health and wellness. This SSBCI investment is from TEDCO’s Social Impact Funds.
“People are connected to causes, deriving meaning, value and motivation when they support a cause they’re connected with,” said Vishal Chintawar, founder and CEO of Givhero. “Plus, the workforce is changing and it’s time for employers to change with it by creating new ways to engage with, support, and encourage employees, which is why we created the Givhero platform. Givhero is a simple solution for employers, creating ways to connect and support employees in a way that makes sense to the up-and-coming workforce.”
Givhero, based in Gaithersburg, Md., is a mobile-first solution that lets human resources (HR) teams customize, run and measure well-being programs with a social impact, helping to increase employee engagement and advance CSR, ESG and DEI objectives. Employers tap into the power of purpose by supporting community causes employees care about and rewarding healthy behaviors with donations to those charities. Givhero can help increase well-being engagement and reduce HR Admin time for value-driven organizations.
“Givhero has found a way to support employees while also creating a better community,” said Jean-Luc Park, senior director of Social Impact Funds at TEDCO. “It’s great seeing businesses looking for new ways to connect with their employees. The platform created by Givhero has potential to support and embody a sustainable system that will positively impact businesses as well as the ecosystem.”
TEDCO’s Social Impact Funds are designed to engage and invest in economically underserved entrepreneurs and communities. Through this process, TEDCO works to create an optimized path for companies to receive follow-on funding. For more information about TEDCO’s Social Impact funds, visit our website here: https://www.tedcomd.com/funding/social-impact-funds.
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.