Fundraising FoxAbell Foundation, Inc.
FoundationBaltimore · Seed–Growth
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Investment thesis
The Abell Foundation works to improve health, economic, and educational outcomes in Baltimore City so all residents can thrive, addressing the effects of historic segregation, disinvestment, and racial discrimination. It supports pilot projects and creative initiatives that reduce economic and racial disparities and foster opportunity. The foundation funds nonprofits through grants, supports research on challenges facing Baltimore and Maryland, and makes catalytic program-related, mission-related, and direct investments in new ideas offering social and economic benefits. It emphasizes partnership, collaboration, and attracting additional public and private investment in Baltimore City.
Source: firm website, verified Oct 26, 2026.
What they invest in
from 34 of 52 portfolio companiesHealthtech ×15Medical Devices ×15Biotech ×12Deep Tech ×7Digital Health ×5Hardware ×5AI & Machine Learning ×4New Materials ×4
HQs:United States×26
Who they back
founder profiles across 14 portfolio companiesFounding team size:solo founder×72 founders×33 founders×24+ founders×2
Where their founders studiedfrom 15 founders with education data
The Johns Hopkins University ×3Massachusetts Institute of Technology ×2University of Maryland ×2University of Maryland Baltimore County ×2
What their founders studiedfrom 18 founders with field-of-study data
Engineering ×10Business & Management ×3Life Sciences ×2
Where their founders worked beforefrom 17 founders with career history
Johns Hopkins University ×3
Investments · 52 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 12023 · 12022 · 12021 · 22018 · 32017 · 12016 · 212 dated
Wave Engine develops turbine engines for unmanned and personal aircraft that deliver jet-level performance at significantly reduced cost and complexity.
Deep TechDefense TechHardwareSpace TechMaryland, US
Co-investorsGula Tech AdventuresAsymmetry VenturesUniversity System of Maryland Momentum Fund
ARMR Systems develops a wearable vascular clamp system for rapid hemorrhage control in trauma situations where medical help is not immediately available.
Defense TechHealthtechMedical DevicesBaltimore, US
Chibueze Ihenacho(Executive Officer, Director)
BoardSandy Potter(Director)Paul Floyd(Director)Douglas Brodman(Director)
Co-investorsAtlanta Technology AngelsMaryland TEDCOTamiami AngelTEDCOUniversity System of Maryland Momentum Fund
Astek Diagnostics develops a diagnostic platform for rapid and accurate detection of urinary tract infections and related conditions in clinical specimens.
AI & Machine LearningBiotechDigital HealthHealthtechMedical DevicesBaltimore, US
Mustafa Al-Adhami(Founder)inCourtney Cavin(Cofounder)in
Co-investorsMaryland TEDCOTEDCOY CombinatorAJGAYANA Capital LLCBuilder Capital+5 more
HealthtechBaltimore, US
Gilmer Blankenship(Executive Officer, Director)Raghu Upender(Executive Officer)Amrit Bandyopadhyay(Executive Officer)Madhvi Upender(Executive Officer, Director)
BiotechRockville, US
Jerry Parrott(Executive Officer, Director)in
BoardGlenn Miller(Director)Scott Allocco(Director)Katarzyna Kusmierz(Director)Douglas Clark(Director)Jack Davis(Director)
Co-investorsFreemind Investments
Common Curriculum offers a digital lesson planning and collaboration platform for teachers and school administrators.
EdTech
Co-investorsMaryland TEDCOTEDCO
CoolStat is an investigational medical device that delivers dry air through the nasal passages to cool patients with fever and other conditions, currently being studied in clinical trials for neurogenic fever, cardiac arrest, and migraine pain management.
Digital HealthHealthtechMedical DevicesBaltimore, US
Brian Lipford(Manager)
Co-investorsMaryland TEDCOTEDCO
Cove GTx develops biodegradable polymeric nanoparticles (PNPs) for non-lipid, non-viral delivery of genetic medicine, aiming to address limitations in delivery efficiency, safety, and manufacturing.
BiotechDeep TechMedical Devices
Simpli offers globally sourced, single-origin food products marketed as regenerative organic and nutrient-rich.
ConsumerDirect to ConsumerFoodTech
Co-investorsNextwave [X] Partners
Xometry provides an instant quoting and manufacturing platform that connects startups and enterprises with a global network of manufacturers to produce precision components from prototype through high-volume production.
Advanced ManufacturingB2B MarketplacesSaaS
Co-investorsAugust CapitalMaryland TEDCOTEDCORefactor Capital
Baltimore-based immunology company focused on treatments for cancer and autoimmune disorders; raised an $11.5 million Series C led by First In Ventures.
BiotechBaltimore, US
David S. Block(Co-Founder & CEO)Elizabeth C. Block(Executive Officer)Raymond Shinazi(Director)Joseph Klein(Director)Mark Lerner(Director)
BoardCharles Polsky(Director)
Co-investorsBrace PharmaFirst In Ventures
Irazú Oncology develops cancer immunotherapies using a proprietary Outer Membrane Vesicles (OMV) platform based on engineered bacterial nanoparticles that deliver cancer antigens.
BiotechHealthtechMedical DevicesBaltimore, US
Jeff Strovel(Chief Executive Officer)inJames Berens(Executive Officer)Richard Kohr(Executive Officer)Jeffrey Strovel, PhD(Chief Executive Officer)in
Co-investorsMaryland TEDCOTEDCO
LifeSprout develops synthetic materials that mimic the body's own tissues for aesthetic and regenerative medicine, creating products to treat patients with soft tissue loss from aging, cancer, and metabolic disease.
BiotechMedical DevicesNew MaterialsBaltimore, US
Hai-Quan Mao(Co-founder, PhD)Sashank Reddy(Co-founder, MD, PhD)Kevin Colbert(Co-founder, Business Development)inRuss Martin(Co-founder, Head of R&D, PhD)inAdam Gridley(Executive Chairman, MBA)
Co-investorsCatalio Capital Management, LPEmerald Development ManagersMaryland TEDCOTEDCO
Linshom Medical manufactures a wearable, FDA-cleared respiratory monitoring device that provides operating room quality respiratory data at the patient bedside, designed to detect early signs of respiratory problems and reduce adverse events in post-surgical and other patient care settings.
HealthtechMedical Devices
Co-investorsMaryland TEDCOTEDCO
Longeviti Neuro Solutions develops cranial implant platforms for complex brain surgery, including patient-specific and off-the-shelf implants that restore skull contour and enable real-time post-operative ultrasound imaging.
HealthtechMedical Devices
Jesse Christopher(CEO & Co-founder)in
Co-investorsMaryland TEDCOTEDCOBain Capital Life Sciences
LPPFusion develops nuclear fusion energy technology based on the "Focus Fusion" dense plasma focus (DPF) approach, aiming to use hydrogen-boron fuel to produce fusion energy.
CleantechDeep TechEnergy
Eric Lerner
Marigold Health operates an anonymous online community and app where people facing mental health or substance use challenges support each other, with some members receiving one-on-one help from certified Peer Recovery Coaches.
AI & Machine LearningDigital HealthMental Health
Shrenik Jain(Founder)in
Co-investorsBantam GroupDorm RoomEpsilon Health InvestorsFlare Capital PartnersKdT VenturesRock Health Capital+6 more
Materic is a materials development and manufacturing company that provides custom chemistry formulations and additive manufacturing services across all phases from ideation to commercial production.
Advanced ManufacturingDeep TechNew Materials
A maker of wood stoves designed for home heating, offering the Nova Series in multiple styles and sizes for whole-home or single-room use.
CleantechHardwareHyattsville, US
Ryan Fisher(Executive Officer, Director)inTaylor Myers(Executive Officer, Director)inPaul LaPorte(Executive Officer, Director)in
BoardMatt Zuga(Director)
Co-investorsMaryland TEDCOTEDCOUniversity System of Maryland Momentum Fund
Minnowtech develops precision aquaculture technology using integrated sensor-based systems to help aquafarmers assess and maximize their cultivation efforts.
AgTechFoodTechHardwareIoTBaltimore, US
Suzan Shahrestani(Founder)inKelli Booth(Co-Founder & CEO)inKen Malone(Co-Founder)inQuynh Vo(Chief Technology Officer)in
Co-investorsMaryland TEDCOTCP Venture CapitalTEDCOUniversity System of Maryland Momentum FundBlue Revolution Investments G.P.
Network for Good is a coaching-first fundraising platform for small nonprofits, combining expert coaching with Bonterra Que, an AI fundraising assistant, and tools for donor management, donation pages, email, events, grants, and peer-to-peer fundraising.
AI & Machine LearningImpact & Social GoodSaaS
eNeura develops single-pulse transcranial magnetic stimulation (sTMS) neuromodulation devices for the acute and preventive treatment of migraine.
Digital HealthHardwareMedical DevicesSunnyvale, US
Robert Fischell(Executive Officer, Director)David Fischell(Executive Officer, Director)David Rosen(Executive Officer, Director)
BoardMichael Finnegan(Director)Terry Lierman(Director)Eileen O'Rourke(Director)
Co-investorsNew Enterprise Associates (NEA)
NextStep Robotics develops AMBLE, a wearable robotic device for foot drop rehabilitation in stroke survivors and other neurological conditions.
HealthtechMedical DevicesRoboticsBaltimore, US
Anindo Roy(Executive Officer, Director, Promoter)Richard Macko(Executive Officer, Director)Larry Forrester(Executive Officer, Director)Brad Hennessie(Founder)in
BoardBRENDA FURLOW(Director)ERIKA SMITH(Director)
Co-investorsMaryland TEDCOTEDCOUniversity System of Maryland Momentum Fund
Noxilizer develops a low-temperature, low-pressure nitrogen dioxide (NO₂) sterilization technology used to sterilize prefilled syringes, biologic drug-device combination products, and other sensitive medical products as an alternative to ethylene oxide.
BiotechDeep TechMedical Devices
The site presents a radiation therapy quality management portfolio (under the Sun Nuclear brand), offering tools for machine QA, patient plan QA, and AI-assisted treatment planning quality for medical physicists and dosimetrists in radiotherapy clinics.
AI & Machine LearningBiotechHealthtechMedical DevicesBaltimore, US
Praveen Sinha(Executive Officer, Director)Daniel Roche(Director)Todd McNutt(Executive Officer, Director)
BiotechBaltimore, US
Todd W. Chappell(Executive Officer, Director)Theodore P. Abraham(Executive Officer, Director)
Pixelligent develops nanocrystal materials that enhance optical performance in photonics, augmented reality, displays, sensors, and optical systems.
Advanced ManufacturingDeep TechHardwareNew MaterialsBaltimore, US
Craig Bandes(President & CEO)Tom Werthan(Executive Officer)inCraig Mintz(Executive Officer)inSerpil Gonen Williams(Chief Technology Officer)inGregory Cooper(Executive Officer, Director)in
BoardPeter Kirlin(Director)
Co-investorsTCP Venture Capital
ReGelTec develops injectable hydrogel technology for the repair of the nucleus pulposus of the intervertebral disc, targeting interventional pain management and spine care.
BiotechHealthtechMedical DevicesNew MaterialsBaltimore, US
Bill Niland(Co-Founder & Advisor)inPeter Boyd(CEO)inAnthony Lowman(CTO & Co-Founder)inMark Collins(CFO)inMoss Amer(Director)
Co-investorsRiptide VenturesTech Council Ventures
Designed Hemafuse, a manual autotransfusion device that recycles blood during internal bleeding without electricity.
Carolyn Yarina(Cofounder)
Co-investorsFINCA VenturesMaryland TEDCOTEDCOWhoa I Lp, By: Whoa VenturesCamden PartnersRevolution+1 more
Sonavex develops medical device technologies focused on vascular access and related clinical applications, drawing on ultrasound-based imaging and monitoring products.
BiotechDigital HealthHealthtechMedical DevicesBaltimore, US
David Narrow(Executive Officer, Director)inDevin O'Brien-Coon(Co-Founder & Chairman)inJerry L. Prince(Co-Founder)inJohn Rappe(Executive Officer)inAlex Yevzlin(Executive Officer)
BoardRobert Hallenbeck(Director)
Co-investorsFusionGaingelsGrant Park VenturesJStar Capital InvestmentsKeiretsu ForumMaryland TEDCO+5 more
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HealthtechBaltimore, US
Douglas Falk(Executive Officer, Director)inVlad Coric(Director)Pat LaVecchia(Director)
Co-investorsEarly Light VenturesMaryland TEDCORiptide VenturesTEDCO
HealthtechAnnapolis, US
Laura LyonsinKevin Thibodeau(Executive Officer, Director)R. Calvin Goforth(Director)Bob Storey(Director)
Co-investorsGaingelsMEDA AngelsEmerald Development ManagersTEDCO
Vasoptic Medical develops non-invasive optical blood flow imaging and perfusion monitoring systems that capture blood flow dynamics at video rates without contrast agents.
Deep TechHealthtechMedical Devices
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Arctaris Impact InvestorsAstor Court ApartmentsBreetheChime SolutionsGraybugHarpoon Medical, Inc.NAWECNorth American Wave EngineOasis MarinasOTECPaicePGDxSONOSA MEDICAL INCSpine AlignThe Charles TheatreThe Propel Baltimore FundsTRIVasoptic Medical
Exits · 1
1 acquisitionsHarpoon Medical, Inc.acq. by Edwards Lifesciences
Frequently asked questions
- How many investments has Abell Foundation, Inc. made?
- Abell Foundation, Inc. has 52 tracked investments, 1 of which have exited, including 2 dated in the last 24 months.
- What stage does Abell Foundation, Inc. invest at?
- Abell Foundation, Inc. invests at the Seed, Series A, Growth stages.
- What is Abell Foundation, Inc.'s typical check size?
- Abell Foundation, Inc. typically writes checks of $150K – $500K.
- What sectors does Abell Foundation, Inc. focus on?
- Abell Foundation, Inc. focuses on Biotech, Cleantech, EdTech, Energy, Healthtech, Impact & Social Good, Medical Devices.
- Where is Abell Foundation, Inc. located?
- Abell Foundation, Inc. is headquartered in Baltimore, US.
- Does Abell Foundation, Inc. lead rounds?
- Abell Foundation, Inc. typically participates in rounds rather than leading them.
- Who does Abell Foundation, Inc. co-invest with?
- Abell Foundation, Inc. most often shares deals with Maryland TEDCO, TEDCO, University System of Maryland Momentum Fund, among 39 tracked co-investors.
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