TEDCO, Maryland’s economic engine for technology companies, announced today its Builder Fund invested $150,000 in SkySquad, Inc., a technology start-up based in Maryland. TEDCO’s Builder Fund invests in and provides executive support to Maryland-based technology companies run by entrepreneurs who demonstrate economic disadvantage.

The most recent round of funding included a $150,000 investment in SkySquad:

SkySquad, Inc., based in Bethesda and led by founder Julie Melnick, developed a platform designed to match travelers with an extra set of hands at the airport to relieve stress from traveling. Led by a team of travel and technology experts, SkySquad is rapidly expanding to regional and national airports with the goal of improving the airport experience for all travelers.

“Our pre-seed Builder Fund invests with the goal of helping Maryland tech-based companies reach meaningful milestones and becoming attractive investments to larger institutional investors,” said Jack Miner, chief investment officer. “We are pleased to invest in the SkySquad team to help position them for improving travel experiences for everyone who would avail themselves of their service.”

For entrepreneurs applying for their first investment from TEDCO’s Builder Fund, their company must be based in Maryland and led by a disadvantaged founder(s). For information on how to access TEDCO’s Builder Fund investment application, visit https://www.tedcomd.com/funding/builder-fund.

About TEDCO TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.