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University System of Maryland Momentum Fund

Government fund

Baltimore · Seed · 20 people tracked

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Investment thesis

The Maryland Momentum Fund invests in early-stage companies affiliated with the University System of Maryland to promote entrepreneurship, drive economic development, and support technology commercialization within the state. It targets companies transitioning from grant funding and angel investment toward a Series A, typically writing checks of $150,000 to $250,000 (up to $500,000) via equity purchases or convertible notes. The fund is sector-agnostic but requires companies to be Maryland-based, provide positive economic impact to the state, be USM-affiliated, and secure at least equal matching investment from a third party at the same terms.

Invests inSector AgnosticBaltimoreUnited States

Source: firm website, verified Jul 31, 2026.

Stage
Seed
Check
$150K – $500K
HQ
Baltimore, US
Instruments
Equity
Founded
2016
AUM
$10M
Tracked investments
2

Team · 20 people

from the firm's website
Mike Ravenscroft· Managing Director, Maryland Momentum Fund

Managing Director of the Maryland Momentum Fund at the University System of Maryland.

Celeste Denson· Comptroller, University System of Maryland

Executive Committee member; Comptroller of the University System of Maryland.

Dean Chang· Interim Chief Innovation Officer, University of Maryland, College Park

Executive Committee member; Interim Chief Innovation Officer at University of Maryland, College Park.

Elise Liberto· Principal, Private Equity Group, Brown Advisory

Advisory Board member; Principal in the Private Equity Group at Brown Advisory.

Ellen Herbst· Vice Chancellor for Administration and Finance, University System of Maryland

Executive Committee member; Vice Chancellor for Administration and Finance at the University System of Maryland.

Greg Cangialosi· Venture Partner, Early Light Ventures

Advisory Board member; Venture Partner at Early Light Ventures.

Jeff Cherry· Executive Director, Conscious Venture Lab

Advisory Board member; Executive Director of Conscious Venture Lab.

Jim Hughes· Senior Vice President and Chief Enterprise and Economic Development Officer, University of Maryland, Baltimore

Executive Committee member; senior enterprise and economic development officer at University of Maryland, Baltimore.

Kathryn Stewart· Managing Director, Cranbrook Capital

Advisory Board member; Managing Director at Cranbrook Capital.

Kory Bailey· Ecosystem Builder

Advisory Board member described as an ecosystem builder.

Lindsay Ryan· Venture Development Director

Venture Development Director at the University System of Maryland.

Lori Gough· Partner, Epidarex Capital

Advisory Board member; Partner at Epidarex Capital.

Maurice Boissiere· Chief Customer Officer, DataTribe

Advisory Board member; Chief Customer Officer at DataTribe.

Michele Masucci· Vice Chancellor for Research and Economic Development, University System of Maryland

Executive Committee member; Vice Chancellor for Research and Economic Development at the University System of Maryland.

Rick Kohr· Chief Executive Officer, Evergreen Advisors

Advisory Board member; CEO of Evergreen Advisors.

Stan Smith· Venture Investment Manager, University of Maryland, College Park

Executive Committee member; Venture Investment Manager at University of Maryland, College Park.

Sydney Ulvick· Director, Intelligent Systems Works, Lockheed Martin

Advisory Board member; Director of Intelligent Systems Works at Lockheed Martin.

Tammi Thomas· Chief Development and Marketing Officer, TEDCO

Advisory Board member; Chief Development and Marketing Officer at TEDCO.

Tim Braue· Attorney, Nemphos Braue

Advisory Board member; attorney at Nemphos Braue.

Wendy Perrow· Chief Executive Officer / Entrepreneur

Advisory Board member; CEO and entrepreneur.

Investments · 2 tracked

founders shown can be your intro path
Alchemity

Company that the Momentum Fund joined in a seed financing round alongside Blackbird Labs and Chesapeake Bay Seed Capital Fund.

Causify

Delaware-based causal AI company building causal AI decision engines; raised additional seed funding.

Frequently asked questions

What stage does University System of Maryland Momentum Fund invest at?
University System of Maryland Momentum Fund invests at the Seed stage.
What is University System of Maryland Momentum Fund's typical check size?
University System of Maryland Momentum Fund typically writes checks of $150K – $500K.
What sectors does University System of Maryland Momentum Fund focus on?
University System of Maryland Momentum Fund focuses on Sector Agnostic.
Where is University System of Maryland Momentum Fund located?
University System of Maryland Momentum Fund is headquartered in Baltimore, US.

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