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University System of Maryland Momentum Fund

Venture capital

Baltimore · Seed · 19 people tracked

Find your way into University System of Maryland Momentum Fund

2,395 people in our graph share verified history with the University System of Maryland Momentum Fund team — schools, employers, funds. One of them is your warm intro.

Paul Kwanunlockedknows Dean Chang · together at Stanford University (overlapped)
knows the team · via Stanford University
knows the team · via Massachusetts Institute of Technology
knows the team · via Universal Music Group - eLabs
knows the team · via University of Michigan
knows the team · via Department of Health and Human Services
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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.

Source: firm website, verified Aug 3, 2026.

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

Team · 19 people

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

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.

Elise Liberto· Principal, Private Equity Group, Brown Advisoryin

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

Kathryn Stewart· Managing Director, Cranbrook Capitalin

Advisory Board member; Managing Director at Cranbrook Capital.

Rick Kohr· Chief Executive Officer, Evergreen Advisorsin

Advisory Board member; CEO of Evergreen Advisors.

Tim Braue· Attorney, Nemphos Brauein

Advisory Board member; attorney at Nemphos Braue.

What they invest in

from 7 of 10 portfolio companies

Deep Tech ×3Impact & Social Good ×3Climate Tech ×2EdTech ×2AI & Machine Learning ×1Biotech ×1Cleantech ×1Fintech ×1

HQs:United States×7Canada×1

Investments · 10 tracked

founders shown can be your intro path
Alchemityalchemity.com

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

Blackbird Labsblackbirdlab.orginJun 2022

Blackbird Laboratories is a nonprofit life sciences incubator that translates university research breakthroughs into venture-ready biotech companies focused on developing new medicines and enabling technologies.

BiotechDeep TechBaltimore, US

Ben Leventhal(Executive Officer, Director)inMatt Tremblay, PhD(Chief Executive Officer)inEddie Cherok, PhD(Chief Business Officer)in

BoardFred Wilson(Director)inMo Koyfman(Director)Marguerite Mariscal(Director)

Co-investorsUnion Square Ventures (USV)

Causify

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

Climate Technology Founders Fundmdeia.orgin𝕏

The Maryland Energy Innovation Accelerator (MEIA) is a statewide initiative that supports clean energy and climate technology entrepreneurs from early-stage development through commercialization and investment readiness.

CleantechClimate TechImpact & Social GoodCollege Park, US

Ben Margolis(Director)in

Creative Destruction Labcreativedestructionlab.comin𝕏

Creative Destruction Lab (CDL) is a global startup program for seed-stage, science-based companies that pairs founders with experienced entrepreneurs, angel investors, economists, and scientists through an objectives-based mentoring process.

AI & Machine LearningDeep TechEdTechSector AgnosticToronto, CA

Ajay Agrawal(Professor (founder of the CDL program))inSonia Sennik(Chief Executive Officer)in

Co-investorsBeyond Earth VenturesHEC Paris IncubatorScale AI

Discovery Fundumd.edu𝕏

The University of Maryland is a public land-grant research institution that provides teaching, research, and service to advance knowledge in areas of importance to the state, nation, and world.

EdTechCollege Park, US

Co-investorsWork-Bench

District Angelsdistrictangels.comin

District Angels is a volunteer-led angel investing community in the Washington, D.C. capital region that facilitates startup investments through pooled SPVs, with AI-assisted diligence tools and a focus on dual-use & defense, cyber, biotech, health tech, climate, and fintech sectors.

FintechWashington, US

First Utilityshell.com

Houston, US

Co-investorsArbor Ventures UK

Resilient Earth Capitalresilient-earth-capital.comin

Resilient Earth Capital is an investment community focused on companies advancing net-zero transition and climate resilience, particularly those serving climate-vulnerable communities.

Climate TechImpact & Social Good

TEDCO Seed Fundtedcomd.com

TEDCO's Federal Engagements department connects Maryland small businesses with federal laboratories to commercialize federally developed technologies, offering R&D training, matching funds, and legal, accounting, and financial advisory services.

Deep TechGovTechImpact & Social GoodMaryland, US

Co-investorsTEDCO

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has University System of Maryland Momentum Fund made?
University System of Maryland Momentum Fund has 10 tracked investments.
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 AI & Machine Learning, Sector Agnostic.
Where is University System of Maryland Momentum Fund located?
University System of Maryland Momentum Fund is headquartered in Baltimore, US.
Who does University System of Maryland Momentum Fund co-invest with?
University System of Maryland Momentum Fund most often shares deals with Arbor Ventures UK, Beyond Earth Ventures, HEC Paris Incubator, among 6 tracked co-investors.

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