[PRESS RELEASE] – COLUMBIA, Md., Aug. 20, 2025 – TEDCO, Maryland’s financial engine for know-how corporations, introduced a up to date $150,000 Pre-Seed Builder Fund funding in Upling. Beneath the umbrella of TEDCO’s social have an effect on price range, the Pre-Seed Builder Fund invests in and offers give a boost to to Maryland-based know-how corporations led via founders from economically underserved backgrounds.
“After the state legalization of hashish, I noticed an opening within the present trade setup and sought after to supply dependable logistical tool for consumers,” Upling CEO Colin Fraser mentioned. “Because of TEDCO’s funding, we’re in a position to proceed our adventure, running to diversify transaction protection with protected and protected information assortment.”
Upling, situated in Laurel, Md., is operating to supply a logistical tool provider that has protected and dependable transactions for pickup and supply.
“At TEDCO, we’re devoted to offering alternatives that lend a hand extend and develop Maryland’s financial building,” mentioned Jean-Luc Park, deputy leader funding officer and senior director of social have an effect on price range. “Upling discovered an opening within the present machine and is operating to supply a technique to lend a hand give a boost to the logistics and enlargement of an trade creating in lots of states and international locations. We’re taking a look ahead to seeing how the corporate’s innovation supplies additional alternatives for an international marketplace.”
TEDCO’s social have an effect on price range are simply one of the most many funding alternatives to be had to qualifying technology-focused startups and small companies throughout Maryland.
“Maryland is steadily known as ‘The usa in miniature,’ and the nickname couldn’t be truer,” TEDCO CEO Troy LeMaile-Stovall mentioned. “With numerous terrain, impactful communities, and humanities and leisure alternatives abound, the state provides the chance for a lifetime of stability. Someday, you’ll be running within the town, and the following, you’ll be able to in finding your self kayaking alongside the Chesapeake Bay. Marketers taking a look to construct their trade with out sacrificing group and stability will have to glance no additional than Maryland.”
For more info, consult with www.tedcomd.com/investment.
