HomeUSATEDCO Selects 100KM Ventures to Support Management and Investment of Allocated SSBCI...

TEDCO Selects 100KM Ventures to Support Management and Investment of Allocated SSBCI Funding

Shalanda Armstrong
Shalanda Armstrong, founder and managing partner of 100KM Ventures

TEDCO, the Maryland economic engine for technology companies, announced the selection of 100KM Ventures as one of the early-stage venture capital fund managers supporting the management and investment of up to $10m U.S. Department of Treasury State Small Business Credit Initiative (SSBCI) funding.

Last year, TEDCO announced receiving an infusion of up to $50m in funding from SSBCI initiative. This funding is being used to support recipients of TEDCO’s Venture Equity Fund, Seeds Funds Equity program, and Social Impact Funds—as well as the $10m earmarked for the Venture Capital Limited Partnership (VCLP) Equity program.

As part of the VCLP Equity program, 100KM Ventures is getting $3m of the $10m earmarked funds to oversee.

Led by Shalanda Armstrong, founder and managing partner, 100KM Ventures, is a Washington, D.C.-based venture capital firm dedicated to investing in early-stage, diverse management teams focused on building the next generation of technology companies addressing untapped customers across the Future of Work and Women’s Health.

VCWire

13/01/2024