Investor profile
The Abell Foundation
Family office
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The Abell Foundation makes direct investments in innovative companies that create jobs in Baltimore, offer significant social and economic benefits to the community, and provide above-market returns that expand the Foundation's capacity to improve the quality of life in Baltimore. The Foundation invests in promising startup companies with proprietary innovations that offer the opportunity to simultaneously achieve above-market returns while adding benefit to society at large, and also deploys growth capital in mature companies creating employment opportunities in Baltimore City. Initial investments typically range from $150,000 to $500,000, and the Foundation prefers to invest alongside other sophisticated investors at closing, supporting portfolio companies through its experience, knowledge base, and substantial network of local and national connections.
Notable quotes
“Abell has spent decades investing in Baltimore – its people, its neighborhoods and its future, and Fagan shares our unwavering belief in the potential of Baltimore.”
“We invest in promising startup companies with proprietary innovations that offer the opportunity to simultaneously achieve above market returns while adding benefit to society at large.”
“It's Baltimore's time and I am ready to get to work.”
Team
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| CoapTech | Series B | $7m | 2024-09-07 |
| Astek Diagnostics | Seed | — | 2024-03-28 |
| Minnowtech | Series A | — | 2024-02-26 |
| SIMPLi | Seed | — | 2023-05 |
| Linshom Medical | Series A | $650k | 2023-08-26 |
| Pixelligent Technologies | Series B+ | $10m | 2016-08 |
| Gliknik | Seed | — | — |
| Breethe | Seed | — | — |
| emocha Health | Seed | — | — |
| ReGelTec | Seed | — | — |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| TEDCO (Maryland Technology Development Corporation) | 5 |
| University System of Maryland Momentum Fund | 4 |
| Good Growth Capital | 2 |
| NuFund Venture Group | 2 |
| Ecphora Capital | 2 |
| Bunting Family Office | 1 |
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