How many investments has TCP Venture Capital made?

TCP Venture Capital has 32 tracked investments, 3 of which have exited.

What stage does TCP Venture Capital invest at?

TCP Venture Capital invests at the Pre-Seed, Seed, Series A, Series B, Late Stage stages.

Where is TCP Venture Capital located?

TCP Venture Capital is headquartered in Baltimore, US.

Does TCP Venture Capital lead rounds?

Yes, TCP Venture Capital leads investment rounds.

Who does TCP Venture Capital co-invest with?

TCP Venture Capital most often shares deals with Maryland TEDCO, TEDCO, Claritas Capital, among 44 tracked co-investors.

TCP Venture Capital

Venture capital

Baltimore · Pre-Seed–Late Stage · 11 people tracked

Also known as PROPEL MANAGEMENT, LLC

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Find your way into TCP Venture Capital

1,009 people in our graph share verified history with the TCP Venture Capital team — schools, employers, funds. One of them is your warm intro.

Kyle Dohertyunlockedknows Blair Brennan Slaughter · together at Harvard Business School (overlapped)

×6knows the team · via Harvard Business School

knows the team · via Robert W. Baird & Co.

knows the team · via Stifel

×2knows the team · via University of Colorado Boulder - Leeds School of Business

knows the team · via Emory University - Goizueta Business School

✨ Fox Verdict

Investment thesis

TCP Venture Capital, through the Propel Baltimore Fund, targets the undercapitalization of post-seed technology companies in Baltimore City. It views the region's concentration of talent in edtech, healthcare, and cybersecurity, technologies emerging from research universities and federal labs, and state funding resources as an attractive investment opportunity. The firm invests in high-growth, scalable, capital-efficient technology companies located or willing to headquarter in Baltimore City, excluding biotech, medical devices, and real estate. It typically uses convertible debt or preferred stock, acts as an active minority investor requiring a board observer seat, holds roughly five years to exit, and can lead or co-invest while creating full-time local jobs.

Invests inAI & Machine Learning Consumer Cybersecurity Data & Infrastructure Digital Health EdTech Enterprise Software Fintech Healthtech IoT Media & Entertainment SaaS Baltimore Owings Mills United States

Source: firm website, verified Sep 20, 2026.

Stage

Pre-Seed–Late Stage

Baltimore, Maryland, US

Leads rounds

Leads

Instruments

Equity · Debt

Founded

2012

Private fund assets

$32M

VC funds

Tracked investments

Acquisitions

Team · 11 people

from the firm's website & public directories

Christopher G. College· Managing Partner· Baltimore City County, Maryland, United Statesin

Seasoned venture capital professional who leads strategy and operations at TCP, having closed over 100 deals totaling more than $2.5 billion. Previously headed the Private Finance Group at Stifel Nicolaus and worked at Legg Mason Wood Walker and Robert W. Baird & Co.

c•••@tcp.vcreveal

Neil Davis· Partner

Former Director of Entrepreneurial Initiatives at TEDCO where he led seed investments in Maryland startups, and prior VP of Operations at the Emerging Technology Centers incubator. Holds a BSME from Lafayette College and an MBA from the University of Maryland.

Supriya Munshaw· Partner

Senior Lecturer at Johns Hopkins Carey Business School teaching commercialization and biotech/pharma strategy, who advises local biotech and medtech startups. Holds a PhD in Computational Biology and Bioinformatics from Duke University.

Stuart M. Sutley· Partner

University of Virginia graduate and former Marine Corps infantry officer who worked in sales and operations at Newell-Rubbermaid and Bank Boston Ventures before founding two healthcare companies. Serves on the boards of The Baltimore Station and the Maryland chapter of the American Diabetes Organization.

s•••@tcp.vcreveal

Alfred R. Berkeley· Advisor

Vice Chairman of Gentag, Inc. and Chairman of Princeton Capital Management, former President and Vice Chairman of the NASDAQ Stock Market, and previously a Managing Director at Alex Brown & Sons.

Blair Brennan Slaughter· Operating Partner· Cockeysville, Maryland, United Statesin

Operating professional focused on building organizations and leaders, coaching founders, scaling organizations, and human resources, with 25+ years of experience across companies including Protenus, Arena Analytics, ClearMask, and T. Rowe Price.

Craig Connell· Operating Partnerin

Technology executive and enterprise architect currently CTO of RevContent, previously CTO and SVP of Engineering at STAQ (acquired by Operative). Has held engineering leadership roles at kCura, Leverege, Lotame, and other companies.

Genaro J. Dellarocco· Advisor

Retired US Army Major General who commanded the Army Test and Evaluation Command and previously served as Program Executive Officer for Missiles and Space at Redstone Arsenal.

George J. Flynn Jr.· Advisor

Retired USMC Lieutenant General who served as a Director on the Joint Chiefs of Staff, creating and managing the Joint Force Development Directorate, and previously held major Marine Corps commands.

James C. Alban, IV· Advisor, Investment Committee Member

President of Alban Tractor Co., a Caterpillar equipment dealer with 17 Mid-Atlantic locations, and a former Marine Corps officer and Bucknell University graduate.

John Timson· Operating Partner· Towson, Maryland, United Statesin

Marketing executive with extensive experience in channel marketing, new product development, and brand building, having led cross-functional teams across companies including Stanley Black & Decker, Newell Brands, and Danaher.

What they invest in

from 23 of 32 portfolio companies

AI & Machine Learning ×10Healthtech ×9Digital Health ×8SaaS ×7Enterprise Software ×6Data & Infrastructure ×4Cybersecurity ×3Deep Tech ×3

HQs:United States×21

Who they back

founder profiles across 20 portfolio companies

65%

solo founders

13 of 20 mapped founding teams

32%

repeat founders

of 19 founders with career history

Founding team size:solo founder×132 founders×63 founders×1

Where their founders studiedfrom 20 founders with education data

The Johns Hopkins University - Carey Business School ×2University of Cambridge ×2

What their founders studiedfrom 20 founders with field-of-study data

Computer Science ×5Engineering ×4Life Sciences ×4Economics ×3Finance & Accounting ×3Business & Management ×2

Investments · 32 tracked

founders shown can be your intro path

By year:2021 · 2 2020 · 1 2016 · 1 2015 · 15 dated

Cerebro Capitalcerebrocapital.com in 𝕏

Cerebro Capital provides a technology-enabled platform for commercial lending that connects businesses with lenders to simplify and accelerate the business loan process.

B2B MarketplacesEnterprise SoftwareFintechSaaSBaltimore, US

Matthew Bjonerud(Founder & CEO)inKevin Dieter(Executive Officer)

BoardJames McGuire(Director)Douglas Becker(Director)Steve Reale(Director)in

Co-investorsFINTOP Capital Inner Loop Capital Maryland TEDCO TEDCO Ulu Ventures JAM FINTOP

EcoMap Technologiesecomap.tech in 𝕏

EcoMap builds a software platform that provides connective infrastructure for entrepreneurial ecosystems, helping regional economic development organizations, state agencies, and business support organizations make their programs discoverable and interconnected for small business owners.

AI & Machine LearningData & InfrastructureGovTechImpact & Social GoodMarketing TechSaaSWilmington, US

Pava LaPere(Founder)Sherrod Davis(CEO)inSMITHA GOPAL(Executive Officer, Director)in

Board NATHANIEL VASEL(Director)in TIMOTHY MCLOUGHLIN(Director)inERICA DROHAN(Director)

Co-investorsLas Olas Venture Capital Maryland TEDCO Techstars TEDCO Cofounders Capital Las Olas VC

eMocha Healthemocha.com in 𝕏

Scene Health (formerly emocha) offers a medication adherence platform called MedEngagement that uses asynchronous video Directly Observed Therapy (DOT) and a care team to help patients take medications correctly for chronic and infectious conditions.

BiotechDigital HealthHealthtechBaltimore, US

Sebastian Seiguer(Executive Officer, Director)in Vincent Crowe(Executive Officer)inJeff Daley(Executive Officer)inRobert Bollinger(Director)

BoardThomas Carroll(Director)Theresa Sexton(Director)in

Co-investorsClaritas Capital Sand Hill Angels

Impruvon Healthimpruvonhealth.com in

Impruvon provides medication management software with smart reminders, alerts, and guided administration workflows for healthcare settings.

Digital HealthEnterprise SoftwareHealthtech

Justin Amoyal(Founder)in

Co-investorsMaryland TEDCO TEDCO

Indicioindicio.tech in 𝕏

Indicio is a technology company focused on decentralized identity and verifiable credential solutions, offering products and services built on distributed ledger and network infrastructure.

AI & Machine LearningCybersecurityData & InfrastructureDeep TechEnterprise SoftwareFintechGovTechSeattle, US

Frances Donegan-Ryan(Founder)in Heather C. Dahl(Chief Executive Officer)inKen Ebert(Chief Technical Officer)in Helen Garneau(Chief Marketing Officer)inRichard Samuelson(Chief Financial Officer)Scott Harris(Chief Operations Officer)in

Co-investorsBlack Mountain Investment Group 37 Angels K Street Capital Swan Venture Fund Alliance of Angels Hard Yaka

Infinity Bioinfinitybio.com in

Infinity Bio provides immune system analysis through its proprietary MIPSA antibody reactome profiling platform, which identifies the targets of individual immune responses against human viruses, human proteins (autoimmunity), and allergen proteins.

BiotechDeep TechHealthtechBaltimore, US

Benjamin Larman(Executive Officer, Director)inJoy M Nassif(Executive Officer, Director)in

BoardMatthew Hellauer(Director)Herman Scholtz(Director)inCaroline Popper(Director)in

Co-investorsIllumina Ventures PTX Capital

InsightIn Healthinsightinhealth.com in 𝕏Dec 2020

InsightinHealth offers inGAGE, an AI-driven digital health platform that integrates structured and unstructured data to generate real-time predictions and personalized member engagement.

AI & Machine LearningDigital HealthHealthtechBaltimore, US

Enam Noor(Chief Executive Officer)inMarcia Kepler-Noor(President and Secretary)Steve Lefar(Director)Scott Sanner(Director)Zachary Giegel(Director)

BoardBinoy Bhansali(Director)

Co-investorsBlue Venture Funds Health Catalyst Capital Maryland TEDCO TEDCO AARP

Link Labslink-labs.com in 𝕏

Link Labs builds IoT-based real-time location and asset-tracking systems that provide indoor and outdoor visibility of equipment, inventory, and personnel for manufacturing and logistics operations.

Advanced ManufacturingIoTLogistics & Supply ChainAnnapolis, US

Robert B. Proctor(Executive Officer, Director)Brian E. Ray(Executive Officer, Director)in

Board Christopher G. College(Director)in

Co-investorsStoneMill Ventures

Minnowtechminnowtech.com in 𝕏Mar 2021

Minnowtech develops precision aquaculture technology using integrated sensor-based systems to help aquafarmers assess and maximize their cultivation efforts.

AgTechFoodTechHardwareIoTBaltimore, US

Suzan Shahrestani(Co-Founder & CSO)inKelli Booth(Co-Founder & CEO)inKen Malone(Co-Founder)inQuynh Vo(Chief Technology Officer)in

Co-investorsMaryland TEDCO TEDCO

Myevergreenonlinemyevergreenonline.com in 𝕏

Evergreen is a wholesale supplier of home and garden décor, offering over 24,000 products with four seasonal collection releases per year.

B2B MarketplacesE-commerceRetail TechRichmond, US

Pixeepixee.ai in 𝕏

Pixee automates the remediation of software vulnerabilities detected by security scanners, enabling enterprises to resolve security issues at scale rather than manually triaging them.

AI & Machine LearningCybersecurityDeveloper ToolsEnterprise Software

Arshan Dabirsiaghiin Surag Patel in

Co-investorsDecibel Partners Wing

Pixelligentpixelligent.com in 𝕏

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)in Craig Mintz(Executive Officer)in Serpil Gonen Williams(Chief Technology Officer)inGregory Cooper(Executive Officer, Director)in

BoardPeter Kirlin(Director)

Protenusprotenus.com inacquired by Bluesight

Bluesight (formerly Protenus) provides AI-powered software for hospital pharmacy and compliance teams, covering RFID inventory tracking, drug diversion surveillance, purchasing optimization, 340B compliance, drug shortage management, and patient privacy monitoring.

AI & Machine LearningDigital HealthEnterprise SoftwareHealthtechBaltimore, US

Nicholas Culbertson(Executive Officer, Director)Harry Totonis(Director)Michele Kang(Director)

Board Robert Lord(Executive Officer, Director)in

Co-investorsF-Prime Capital Kaiser Permanente Ventures Kube VC LionBird TRANSFORMATION CAPITAL Arthur Ventures

Qualyticsqualytics.co in

Qualytics is a data control layer that validates data at the point of use, using AI to automatically generate and maintain data quality rules while teams define governance standards.

AI & Machine LearningData & InfrastructureEnterprise Software

Eric(Co-founder)in Gorkem Sevinc(CEO)in

Co-investorsInner Loop Capital Knoll Ventures Tech Square Ventures BMW i Ventures Conductive Ventures

Realtimemedrealtimemed.com in 𝕏Mar 2021

Real Time offers an Interventional Analytics platform that ingests EHR data to help post-acute care facilities collaborate with partner hospitals, health systems, ACOs, and managed care plans.

AI & Machine LearningDigital HealthHealthtechLinthicum Heights, US

Scott M Rifkin, M.D.(Executive Officer, Director)Marc Zimmet(Director)Gary Duty(Director)Joan P Neuscheler(Executive Officer, Director)Thomas Dickerson(Director)Stuart Shapiro(Director)

Rocket Doctorrocketdoctor.io inAcquired

Rocket Doctor develops technology-enabled healthcare solutions that connect patients with physicians through accessible and efficient care delivery platforms.

AI & Machine LearningDigital HealthHealthtech

Dr. William Cherniak(Founder and CEO)Harry Cherniak(Co-Founder, COO & Privacy Officer)

Co-investorsArchangel Network of Funds f7 Ventures Moxxie Ventures Symphonic Capital

Scenescene.health in 𝕏

Scene provides digital medication adherence programs combining video check-ins and human engagement by nurses and pharmacists to improve patient adherence and health outcomes across health systems and care organizations.

Digital HealthHealthtechMedical DevicesSaaSBaltimore, US

Sebastian Seiguer(Entrepreneur & Founder)inMorad Elmi

SocialToastersocialtoaster.com in 𝕏Mar 2016

SocialToaster is a brand advocacy platform that helps organizations activate advocates—such as customers, employees, students, alumni, donors, and fans—to share content through their personal social networks.

Marketing TechSaaSSocialBaltimore, US

Brian Razzaque(Executive Officer, Director)inThomas Heseltine(Executive Officer)

BoardJohn Sabo(Director)Cal Simmons(Director)Joe Callanan(Director)in Lance Ullom(Director)in

Co-investorsMoonshots Capital Blu Venture Investors

Terbium Labsterbiumlabs.comacquired by Deloitte

Tools for proactive monitoring of open and dark web for stolen digital assets.

Baltimore, US

Michael Moore(Executive Officer, Director, Promoter)Daniel Rogers(Executive Officer, Director, Promoter)

BoardDavid Oros(Director)E. Wayne Jackson III(Director)Jack Dunn(Director)

Co-investors.406 Ventures Glasswing Ventures

TipRankstipranks.com

Financial analysis and stock research platform.

Uri Gruenbaum(Founder)in

Co-investorsMoneta VC PRYTEK

Traitifytraitify.com

Traitify offers visual, image-based personality and talent assessments designed for mobile use, with a statistical model that matches applicants to top-performer profiles.

Future of WorkHR TechSaaS

Wbx Commercewbxcommerce.com in

WBX is an Amazon Preferred Partner Agency specializing in Amazon sponsored ads, DSP, and Marketing Cloud technology for consumer brands.

AdTechE-commerceMarketing TechSaaS

Co-investorsNoro-Moseley Partners

WellDocwelldoc.com in 𝕏Jul 2015

Welldoc develops an AI-driven digital health platform focused on cardiometabolic disease management, providing personalized treatment solutions for patients with diabetes and related conditions.

AI & Machine LearningDigital HealthHealthtechBaltimore, US

Ryan Sysko(Executive Officer, Director)in Suzanne Clough(Executive Officer)in Kevin McRaith(President and CEO)in Anand Iyer(Chief AI Officer)in Chris Bergstrom(Executive Officer)in

BoardTerry Lierman(Director)

Co-investorsMerck Global Health Innovation Fund Samsung Ventures Asset Management Company DigiTx Partners LLC Excel Venture Management Windham Capital Partners +1 more

Yet Analyticsyetanalytics.com in

Yet Analytics builds open-source software for learning data management and interoperability, including xAPI Learning Record Stores, data filtering tools, and synthetic data generators.

Data & InfrastructureDeveloper ToolsEdTechSavage, US

Shelly Blake-Plock(Founder)in

Co-investorsMaryland TEDCO Moonshots Capital TEDCO

ZeroFox (NYSE: 2022)zerofox.com in 𝕏

ZeroFox provides an external cybersecurity and threat intelligence platform that discovers, validates, and disrupts threats across social platforms, the dark web, and physical locations.

AI & Machine LearningCybersecuritySaaSBaltimore, US

Evan Blair(Executive Officer)in James C. Foster(Executive Officer, Director)in Jennifer Leroux(Executive Officer)in

BoardCorey Mulloy(Director)Lane Bess(Director)Peter Barris(Director)in

Co-investorsComcast Ventures Intel Capital New Enterprise Associates (NEA)Verissimo Ventures Genacast Ventures Highland Capital Partners

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

BambecoBytelionCerebroEcomapRedowlSnag-A-SlipSnagaslip

Exits · 3

3 acquisitions · showing 2

Protenusacq. by BluesightTerbium Labsacq. by Deloitte

Portfolio news

latest coverage across their companies

Quantum Stocks Rise on $300M U.S. CHIPS Funding as IonQ Raises 2026 Forecast - TipRanks.com

TipRanks · tipranks.com · Sep 9, 2026

Pixee Medical Appoints Kristoff Goson as CEO to Accelerate U.S. Market Expansion

Pixee · jacobsmgt.com · Jul 1, 2026

INDICIO SECURES INVESTMENT FROM NEC X, ACCELERATING A NEW ERA OF USER-CONTROLLED DIGITAL IDENTITY: Press Releases | NEC

Indicio · nec.com · Nov 7, 2025

Sell or Invest in Qualytics Stock Pre-IPO

Qualytics · nasdaqprivatemarket.com · Jul 12, 2025

Lowenstein Represents JAM FINTOP Frontier Fund as Lead Investor in Cerebro Capital Series A Financing | Lowenstein Sandler LLP

Cerebro Capital · lowenstein.com · May 30, 2025

Frequently asked questions

How many investments has TCP Venture Capital made?: TCP Venture Capital has 32 tracked investments, 3 of which have exited.
What stage does TCP Venture Capital invest at?: TCP Venture Capital invests at the Pre-Seed, Seed, Series A, Series B, Late Stage stages.
What sectors does TCP Venture Capital focus on?: TCP Venture Capital focuses on AI & Machine Learning, Consumer, Cybersecurity, Data & Infrastructure, Digital Health, EdTech, Enterprise Software, Fintech, Healthtech, IoT, Media & Entertainment, SaaS.
Where is TCP Venture Capital located?: TCP Venture Capital is headquartered in Baltimore, US.
Does TCP Venture Capital lead rounds?: Yes, TCP Venture Capital leads investment rounds.
Who does TCP Venture Capital co-invest with?: TCP Venture Capital most often shares deals with Maryland TEDCO, TEDCO, Claritas Capital, among 44 tracked co-investors.

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