TEDCO’s Seed Fund invests $200K in a Maryland Technology Start-up
YoTengoBot is a tool for automating communications between lawyers and clients
COLUMBIA, Md. (February 22, 2021)—TEDCO, Maryland’s economic engine for technology companies, announced today its Seed Fund invested $200K in a technology start-up based in Maryland. TEDCO’s Seed Fund invests in early-stage, technology and life sciences companies and includes gap financing.
“As we continue to drive economic empowerment throughout the state, we at TEDCO, look forward to seeking out new opportunities to invest in innovation,” said Troy LeMaile-Stovall, TEDCO’s CEO and executive director. “Companies like YoTengoBot are an excellent example of the strength of our ecosystem and the potential for tremendous growth that will spur from the resources and support provided to Maryland’s entrepreneurs.”
This round of seed funding was an investment from its Technology Commercialization Fund into YoTengoBot. YoTengoBot, based in Baltimore City, is a lead generation and qualification tool that automates the interaction between law firms and potential clients. YoTengoBot’s vision is to stimulate lawyers to provide more reasonable services to underserved markets.
“We believe YoTengoBot has a novel solution to an under-served market ripe for disruption in legal services,” stated Frank Glover, lead director, TEDCO Seed Fund and director, Maryland Venture Fund.
For information on how to access TEDCO investment applications for Maryland technology start-ups, please visit https://www.tedcomd.com/funding.