Silver Spring, Md.-based Retrium, developer of a platform for software development teams to use in retrospective meetings, has secured a $400,000 investment from the University System of Maryland’s (USM) Maryland Momentum Fund.

The investment is part of a $1.6 million funding round led by the Baltimore-based fund, with participation from members of the Maryland-based angel investment group Dingman Center Angels, a collective run by the Dingman Center for Entrepreneurship at the University of Maryland, College Park (UMCP). Retrium’s SaaS-based cloud platform is aimed at increasing engagement for agile software development teams as they learn from their past during meetings and try to make improvements.

“Retrium enables development teams to be more effective and for each team member to feel empowered as they address new features, security fixes or the removal of coding errors,” Momentum Fund Advisory Board Member Ron Gula said in a statement.

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