TCP Venture Capital
Venture capitalBaltimore · Seed–Late Stage · 5 people tracked
Also known as PROPEL MANAGEMENT, LLC
Investment thesis
TCP Venture Capital, through its Propel Baltimore Fund, targets the undercapitalized post-seed technology segment in Baltimore City. The firm believes Baltimore offers unique advantages including concentrated human capital in education technology, healthcare, and cybersecurity, promising technologies from regional research universities and federal labs, and state funding resources that de-risk commercialization. It invests in high-growth, scalable, capital-efficient companies located in or committed to headquartering in Baltimore, excluding biotech, medical devices, and real estate. TCP acts as a lead or value-added co-investor, typically taking a board observer seat, with a roughly five-year horizon to exit, aiming to spur local entrepreneurship, create jobs, and generate returns for investors.
Source: firm website, verified Aug 11, 2026.
Team · 5 people
from the firm's website & public directories
What they invest in
from 20 of 29 portfolio companiesAI & Machine Learning ×8Healthtech ×7Digital Health ×6Enterprise Software ×6SaaS ×5Data & Infrastructure ×3Marketing Tech ×3B2B Marketplaces ×2
HQs:United States×11
Investments · 29 tracked
founders shown can be your intro pathBy year:2021 · 12020 · 12015 · 13 dated
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 TechSaaSSocial
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)
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)SMITHA GOPAL(Executive Officer, Director)
BoardNATHANIEL VASEL(Director)TIMOTHY MCLOUGHLIN(Director)ERICA DROHAN(Director)
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
Thomas Carroll(Director)Theresa Sexton(Director)Vincent Crowe(Executive Officer)Daniel Roche(Director)Robert Bollinger(Director)Sebastian Seiguer(Executive Officer, Director)
Impruvon provides medication management software with smart reminders, alerts, and guided administration workflows for healthcare settings.
Digital HealthEnterprise SoftwareHealthtech
Infinity Bio develops molecular indexing technology to decode antibody-antigen binding interactions for research and therapeutic applications in the biotech field.
BiotechBaltimore, US
Benjamin Larman(Executive Officer, Director)Joy M Nassif(Executive Officer, Director)Joy Nassif(Executive Officer, Director)
BoardMatthew Hellauer(Director)Herman Scholtz(Director)Caroline Popper(Director)
InsightinHealth provides an AI-driven digital health platform that integrates health data and delivers real-time predictive insights to enable personalized member engagement and chronic condition management for health plans and healthcare organizations.
AI & Machine LearningDigital HealthHealthtechBaltimore, US
Binoy Bhansali(Director)Marcia Kepler-Noor(President and Secretary)Steve Lefar(Director)Scott Sanner(Director)Zachary Giegel(Director)Enam Noor(Chief Executive Officer)
Minnowtech makes the BRS-1, a sonar-based biomass reader that counts shrimp and measures biomass in turbid aquaculture ponds throughout the growth cycle.
AgTechFoodTechHardwareBaltimore, US
Kenneth Malone(Director)Suzan Shahrestani(Executive Officer, Director)
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 Tech
Pixelligent develops high-refractive-index zirconia and titania nanocrystal formulations and dispersions used in optical applications such as XR waveguides, diffractive optical elements, wafer-level optics, and OLED/MicroLED displays.
Deep TechHardwareNew MaterialsBaltimore, US
Craig Bandes(Executive Officer, Director)Tom Werthan(Executive Officer)Mudar Yahgi(Director)Gregory Cooper(Executive Officer, Director)Craig Mintz(Executive Officer)
BoardPeter Kirlin(Director)
Bluesight provides software solutions for hospital and pharmacy operations, including RFID inventory management, drug diversion surveillance, purchasing optimization, and compliance tools.
AI & Machine LearningEnterprise SoftwareHealthtechBaltimore, US
Nicholas Culbertson(Executive Officer, Director)Harry Totonis(Director)Michele Kang(Director)
BoardRobert Lord(Executive Officer, Director)
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
Marc Zimmet(Director)Gary Duty(Director)Joan P Neuscheler(Executive Officer, Director)Thomas Dickerson(Director)Scott M Rifkin, M.D.(Executive Officer, Director)Stuart Shapiro(Director)
Scene Health offers a medication adherence platform ("MedEngagement") that combines a multilingual app, asynchronous video Directly Observed Therapy (DOT), and a care team to help patients take medications properly and improve clinical outcomes.
Digital HealthHealthtechSaaS
Tools for proactive monitoring of open and dark web for stolen digital assets.
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 runs targeted advertising campaigns for ecommerce brands, using Shopify purchase data to build first-party and lookalike audience segments and promote a merchant's product catalog.
AdTechE-commerceMarketing Tech
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
Kevin McRaith(President and CEO)Anand Iyer(Chief AI Officer)David Levy(Director)Ryan Sysko(Executive Officer, Director)Terry Lierman(Director)Suzanne Clough(Executive Officer)
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 ToolsEdTech
ZeroFox provides a cybersecurity intelligence platform that discovers, validates, and disrupts threats across digital platforms and the dark web using AI and threat intelligence.
AI & Machine LearningCybersecurityEnterprise Software
Exits · 1
IPOs and acquisitions across the tracked portfolioTerbium Labsacq. by Deloitte
Portfolio news
latest coverage across their companiesPixee · jacobsmgt.com · Jul 1, 2026
Qualytics · nasdaqprivatemarket.com · Jul 12, 2025
Frequently asked questions
- What stage does TCP Venture Capital invest at?
- TCP Venture Capital invests at the Seed, Series A, Series B, Late Stage stages.
- What sectors does TCP Venture Capital focus on?
- TCP Venture Capital focuses on Consumer, Cybersecurity, EdTech, Enterprise Software, Fintech, Healthtech, 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.
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