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 25, 2026.
Team · 5 people
from the firm's website & public directories
What they invest in
from 22 of 28 portfolio companiesHealthtech ×9AI & Machine Learning ×8Digital Health ×8SaaS ×7Enterprise Software ×5Cybersecurity ×3Data & Infrastructure ×3Deep Tech ×3
HQs:United States×18
Who they back
founder profiles across 18 portfolio companiesFounding team size:solo founder×132 founders×43 founders×1
Investments · 28 tracked
founders shown can be your intro pathBy year:2021 · 22020 · 12015 · 14 dated
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 CapitalInner Loop CapitalMaryland TEDCOTEDCOUlu VenturesJAM FINTOP
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)inERICA DROHAN(Director)
Co-investorsLas Olas Venture CapitalMaryland TEDCOTechstarsTEDCOCofounders CapitalLas Olas VC
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)Vincent Crowe(Executive Officer)Jeff Daley(Executive Officer)Robert Bollinger(Director)
BoardThomas Carroll(Director)Theresa Sexton(Director)
Co-investorsClaritas Capital
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 TEDCOTEDCO
Indicio builds identity infrastructure based on verifiable credentials and authenticated biometrics, letting organizations verify a person or document once and reuse cryptographic proof across ecosystems.
CybersecurityDeep TechGovTechSeattle, US
Frances Donegan-Ryan(Founder)
Co-investorsBlack Mountain Investment GroupK Street CapitalSwan Venture Fund37 AngelsAlliance of AngelsHard Yaka
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)Joy Nassif(Executive Officer, Director)
BoardMatthew Hellauer(Director)Herman Scholtz(Director)inCaroline Popper(Director)in
Co-investorsIllumina VenturesPTX Capital
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)Marcia Kepler-Noor(President and Secretary)Steve Lefar(Director)Scott Sanner(Director)Zachary Giegel(Director)
BoardBinoy Bhansali(Director)
Co-investorsBlue Venture FundsHealth Catalyst CapitalMaryland TEDCOTEDCO
Annapolis, US
Robert B. Proctor(Executive Officer, Director)Brian E. Ray(Executive Officer, Director)
BoardChristopher G. College(Director)
Co-investorsStoneMill Ventures
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)inKenneth Malone(Director)
Co-investorsMaryland TEDCOTEDCO
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
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 DabirsiaghiinSurag Patelin
Co-investorsDecibel PartnersWing
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)Craig Mintz(Executive Officer)Serpil Gonen Williams(Chief Technology Officer)Gregory Cooper(Executive Officer, Director)
BoardPeter Kirlin(Director)
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)
BoardRobert Lord(Executive Officer, Director)in
Co-investorsF-Prime CapitalKaiser Permanente VenturesKube VCLionBirdTRANSFORMATION CAPITAL
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)inGorkem Sevinc(CEO)in
Co-investorsInner Loop CapitalKnoll VenturesTech Square VenturesBMW i VenturesConductive Ventures
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 Doctor is a telemedicine platform that matches patients with physicians for virtual appointments covering primary care, urgent care, mental health, prescriptions, and chronic conditions, with support for Medi-Cal and Medicare patients.
Digital HealthHealthtech
Co-investorsArchangel Network of Fundsf7 VenturesMoxxie VenturesSymphonic Capital
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)Morad Elmi
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)Thomas Heseltine(Executive Officer)
BoardJohn Sabo(Director)Cal Simmons(Director)Joe Callanan(Director)inLance Ullom(Director)in
Co-investorsMoonshots CapitalBlu Venture Investors
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 VenturesGlasswing Ventures
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 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
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)Suzanne Clough(Executive Officer)Kevin McRaith(President and CEO)Anand Iyer(Chief AI Officer)Chris Bergstrom(Executive Officer)Anand K. Iyer(Executive Officer)
Co-investorsMerck Global Health Innovation FundSamsung VenturesAsset Management CompanyDigiTx Partners LLCExcel Venture ManagementWindham Capital Partners+1 more
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
Shelly Blake-Plock(Founder)in
Co-investorsMaryland TEDCOMoonshots CapitalTEDCO
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)James C. Foster(Executive Officer, Director)Jennifer Leroux(Executive Officer)
BoardCorey Mulloy(Director)Lane Bess(Director)Peter Barris(Director)
Co-investorsComcast VenturesIntel CapitalNew Enterprise Associates (NEA)Verissimo VenturesGenacast VenturesHighland Capital Partners
Exits · 2
IPOs and acquisitions across the tracked portfolioProtenusacq. by BluesightTerbium Labsacq. by Deloitte
Portfolio news
latest coverage across their companiesPixee · jacobsmgt.com · Jul 1, 2026
Qualytics · nasdaqprivatemarket.com · Jul 12, 2025
Frequently asked questions
- How many investments has TCP Venture Capital made?
- TCP Venture Capital has 29 tracked investments, 2 of which have exited via acquisition or IPO.
- 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.
- Who does TCP Venture Capital co-invest with?
- TCP Venture Capital most often shares deals with Maryland TEDCO, TEDCO, Inner Loop Capital, among 41 tracked co-investors.
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