Abell Foundation

The Abell Foundation is an independent non-profit organization based in Baltimore, Maryland, established in 1953. It focuses on addressing complex challenges related to urban poverty by providing grants to schools, hospitals, and human service organizations that serve disadvantaged communities. Over the past three decades, the foundation has refined its mission to prioritize innovative solutions that promote accountability and inclusivity. It aims to enhance the quality of life in various sectors, including community development, education, health and human services, criminal justice, and workforce development, while also supporting conservation/environmental efforts and the arts to a lesser extent. With assets exceeding $314 million, the Abell Foundation is one of the largest private foundations in Maryland, dedicated to creating opportunities for marginalized populations and fostering community success.

Robert C. Embry Jr.

President

Eileen O'Rourke

Director, Impact Investing

39 past transactions

Minnowtech

Series A in 2024
Minnowtech is an aquaculture technology company based in Baltimore, Maryland, that specializes in providing a software imaging platform designed for shrimp farmers. This platform allows for the non-invasive estimation of shrimp abundance using artificial intelligence and image analysis, enabling farmers to optimize feeding regimes and harvests while minimizing risks to juvenile shrimp. By addressing significant challenges in the aquaculture industry, particularly in assessing shrimp growth and optimal harvest times, Minnowtech enhances the health and productivity of shrimp hatcheries. The company's low-cost technology, supported by a team of marine scientists, aims to improve the livelihoods of aquaculture farmers and contribute to global food security and the sustainability of marine environments.

Linshom

Series A in 2023
Linshom is focused on providing continuous respiratory monitoring solutions that include measurements of Tidal Volume at the patient's bedside or in home settings. The company has developed a wearable sensor that is FDA cleared, designed to enable continuous, predictive respiratory monitoring. This technology allows for early detection of respiratory decline, which can help prevent costly rapid response situations, ICU transfers, and potential fatalities. By addressing a critical unmet medical need, Linshom aims to enhance patient care and improve outcomes through advanced respiratory monitoring capabilities.

Marinalife

Series A in 2023
Marinalife, LLC, established in 2000 and based in Baltimore, Maryland, specializes in marina information and cruising concierge services. The company provides a range of offerings designed for all types of boaters, including detailed marina information, boat slip reservations, and travel resources such as trip itineraries and destination guides. The Marinalife Cruising Club membership enhances the boating experience by granting access to these resources, making boating adventures more manageable. Additionally, Marinalife publishes a quarterly magazine that features entertaining and informative articles on various topics, including travel destinations, marina highlights, cruising stories, and tips for boat captains. Marinalife operates as a subsidiary of Snag A Slip, LLC, and aims to centralize and streamline the boating experience for its members.

North American Wave Engine Corporation

Venture Round in 2022
North American Wave Engine Corporation, founded in 2015 and headquartered in College Park, Maryland, specializes in the design and development of wave engines for jet propulsion applications. The company employs innovative technology that leverages recent scientific advancements to achieve exceptional Thrust-to-Weight ratios and Thrust-Specific Fuel Consumption, all while eliminating the need for moving parts. This unique approach positions North American Wave Engine at the forefront of jet propulsion technology, aiming to enhance efficiency and performance in aviation.

SIMPLi

Seed Round in 2021
SIMPLi is an ethically-sourced ingredients company dedicated to addressing the challenges of a fraudulent international supply chain. By collaborating directly with growing communities in countries such as Peru and Greece, SIMPLi eliminates middlemen and delivers single-origin, nutrient-dense ingredients to consumers. The company specializes in regenerative organic food products, offering a variety of superfood ingredients, including white and tri-color quinoa. With a mission to connect people through the joy of food, SIMPLi emphasizes sustainable and ethical sourcing practices, ensuring that its offerings align with these values. Their products are available in retail locations, including Whole Foods Market and Sprouts Farmers Market.

ReGelTec

Series A in 2020
ReGelTec, Inc. is a medical device company based in Baltimore, Maryland, focused on developing minimally invasive spinal implants aimed at treating lower back pain and degenerative disc disease. Established in 2018, the company has created a unique device that is injected into the nucleus of an intervertebral disc using a small needle. This viscous solution is filled to a predetermined height or pressure, solidifying as it cools to body temperature, which helps alleviate pain without the need for follow-up surgery. ReGelTec's innovative approach offers a potential solution for patients suffering from debilitating spinal conditions.

Spine Align

Seed Round in 2020
Spine Align, LLC, based in Baltimore, Maryland, is a medical device company incorporated in 2017 that focuses on improving spinal surgery outcomes through innovative technology. The company has developed patent-pending imaging technology that provides real-time, three-dimensional measurements of spinal alignment during corrective surgeries. This breakthrough technology significantly reduces the time required for measurements by 95% and decreases radiation exposure by 80% compared to traditional methods. By offering intraoperative alignment assessments, Spine Align aims to help medical professionals standardize surgical outcomes and address the high revision rates associated with primary spine surgeries.

NextStep Robotics

Convertible Note in 2020
NextStep Robotics Inc. is focused on developing innovative solutions for treating foot drop through a robotic device that enhances walking function. Incorporated in 2017 and based in Baltimore, Maryland, the company enables clinics to offer personalized robotic therapy using adaptive software that provides assistance tailored to each patient's needs. This system allows lower-skilled clinic staff to operate the device, thereby freeing up therapists to concentrate on other treatment modalities. As the company collects more data, the software will evolve into an AI-based system that optimizes training protocols for individual patients. The device is classified as a Class 1 Exercise Device, which allows for immediate revenue generation through direct sales, leasing, software subscriptions, and service contracts. This clinically proven approach not only improves patient outcomes but also enables clinics to provide reimbursable therapy for conditions that previously lacked effective treatment options.

BurnAlong

Venture Round in 2020
BurnAlong is a personalized wellbeing class and social motivation to help people get the health and wellness they need. BurnAlong delivers personalized corporate wellness classes and social motivation to help employees achieve their health and wellness goals; and companies in turn create great cultures that retain and attract talent. It was founded in 2016 and is headquartered in Baltimore, Maryland.

Lifesprout

Series A in 2020
LifeSprout is developing the next generation of synthetic soft tissue substitutes for aesthetic and reconstructive medicine. They offer revolutionary products for aesthetic and regenerative medicine. They have created a platform that looks and behaves like the body’s own tissues. The company is turning this into a suite of products for millions of patients each year with soft tissue losses from aging, cancer, and metabolic disease.

NextStep Robotics

Seed Round in 2019
NextStep Robotics Inc. is focused on developing innovative solutions for treating foot drop through a robotic device that enhances walking function. Incorporated in 2017 and based in Baltimore, Maryland, the company enables clinics to offer personalized robotic therapy using adaptive software that provides assistance tailored to each patient's needs. This system allows lower-skilled clinic staff to operate the device, thereby freeing up therapists to concentrate on other treatment modalities. As the company collects more data, the software will evolve into an AI-based system that optimizes training protocols for individual patients. The device is classified as a Class 1 Exercise Device, which allows for immediate revenue generation through direct sales, leasing, software subscriptions, and service contracts. This clinically proven approach not only improves patient outcomes but also enables clinics to provide reimbursable therapy for conditions that previously lacked effective treatment options.

Vixiar Medical

Series A in 2019
Vixiar Medical, Inc., founded in 2013 and located in Annapolis, Maryland, specializes in the development of non-invasive and cost-effective devices for monitoring cardiopulmonary diseases. The company focuses on conditions that impose significant clinical and economic challenges. Its flagship product, Indicor, is a handheld point-of-care device coupled with a digital platform, designed specifically for monitoring worsening heart failure. Through its innovative approach, Vixiar Medical aims to improve patient outcomes and reduce healthcare costs associated with cardiopulmonary conditions.

ReGelTec

Venture Round in 2018
ReGelTec, Inc. is a medical device company based in Baltimore, Maryland, focused on developing minimally invasive spinal implants aimed at treating lower back pain and degenerative disc disease. Established in 2018, the company has created a unique device that is injected into the nucleus of an intervertebral disc using a small needle. This viscous solution is filled to a predetermined height or pressure, solidifying as it cools to body temperature, which helps alleviate pain without the need for follow-up surgery. ReGelTec's innovative approach offers a potential solution for patients suffering from debilitating spinal conditions.

Pixelligent

Venture Round in 2018
Pixelligent specializes in the development of nanocrystal dispersions and polymer nanocomposites, aiming to transform the production of composite materials. By synthetically replicating various metal oxide materials found in nature, the company utilizes its proprietary PixClearProcess® to engineer PixClear® materials. These materials are designed to integrate seamlessly into conventional manufacturing processes such as inkjet printing, nanoimprinting, spin coating, and photolithography. Pixelligent's nanocomposites enhance light output by optimizing the refractive index of materials, allowing clients to achieve greater transparency, reduced haze, and improved scratch resistance in their products.

North American Wave Engine Corporation

Venture Round in 2018
North American Wave Engine Corporation, founded in 2015 and headquartered in College Park, Maryland, specializes in the design and development of wave engines for jet propulsion applications. The company employs innovative technology that leverages recent scientific advancements to achieve exceptional Thrust-to-Weight ratios and Thrust-Specific Fuel Consumption, all while eliminating the need for moving parts. This unique approach positions North American Wave Engine at the forefront of jet propulsion technology, aiming to enhance efficiency and performance in aviation.

University of Maryland

Grant in 2018
The University of Maryland, established in 1856 and located in College Park, Maryland, has gained significant recognition as a leading public research university. Over the past two decades, it has enhanced its reputation through a strong focus on research, entrepreneurship, and innovation. The university is committed to advancing its competitive advantages and pursuing ambitious goals to solidify its standing among the world's top institutions. The executive management team oversees the university's assets, ensuring effective governance and strategic direction to support its mission.

RoundTrip

Seed Round in 2018
RoundTrip is disrupting the medical transportation industry by providing on-demand medical transportation for hospitals, healthcare organizations, transportation organizations, and health plans.They get the ins and outs of care coordination because they started as paramedics and EMTs before earning MBAs and executive positions at some of the largest healthcare and medical transportation companies in the world. RoundTrip schedules, dispatches, and monitors non-emergency transportation for organizations and their riders in ten states. A few of their major partners include Mount Sinai Health System, Cooper University Health System, MD Anderson Cancer Center at Cooper, Nemours Children’s Hospital, Crozer-Keystone Health System, and GRTC (the government paratransit program) of Richmond and Henrico Counties, VA. It offers easy-to-use online and mobile platforms that connect patients with non-emergency medical transportation (NEMT).

Lifesprout

Seed Round in 2018
LifeSprout is developing the next generation of synthetic soft tissue substitutes for aesthetic and reconstructive medicine. They offer revolutionary products for aesthetic and regenerative medicine. They have created a platform that looks and behaves like the body’s own tissues. The company is turning this into a suite of products for millions of patients each year with soft tissue losses from aging, cancer, and metabolic disease.

eNeura Therapeutics

Series D in 2018
ENeura Therapeutics is a medical technology company developing transcranial magnetic stimulation devices for the treatment of migraines. It pioneers the use of portable, non-invasive Transcranial Magnetic Stimulation (TMS) devices for the treatment of migraine. Prescribed by physicians but designed for patient use, it is the first truly portable, convenient TMS product that will allow migraine patients to administer treatment as needed—at home, in the office, or on the go.

Snag-A-Slip

Series A in 2017
Snag-A-Slip is a cloud-based technology platform that connects boaters with marina owners and allows boaters to book transient slips with ease and confidence wherever and whenever they choose. No booking fees for the boater. Ever. Just…Explore. Book. Boat. Marina owners have access to a cloud-based back-end inventory management system to easily maintain available slips. Marinas pay a transaction fee only when slips are booked. No Commitment. No Risk. As an avid boater and 20-year veteran of the hospitality industry, Dan Cowens, Founder and CEO of Snag-A-Slip, sought to build a company that would make boating easier and more fun for everyone. Snag-A-Slip has made tremendous traction changing the way boaters and marinas owners think about the boating experience.

Sugar

Seed Round in 2017
Formerly known as Jetpack, Sugar builds community and transforms the residential experience by integrating with technology stacks that power modern buildings. Sugar's product is built in partnership with real estate investment groups and property management companies to build the most relevant features. The product works with a smart intercom device that allows residents to unlock both private and communal doors inside the Sugar app. Unlike other smart locks, Sugar doesn’t require any lock replacements. Their goal is to leverage technology and design thinking to deliver an amazing living experience to residents by making daily tasks and community engagement significantly easier.

Vixiar Medical

Seed Round in 2017
Vixiar Medical, Inc., founded in 2013 and located in Annapolis, Maryland, specializes in the development of non-invasive and cost-effective devices for monitoring cardiopulmonary diseases. The company focuses on conditions that impose significant clinical and economic challenges. Its flagship product, Indicor, is a handheld point-of-care device coupled with a digital platform, designed specifically for monitoring worsening heart failure. Through its innovative approach, Vixiar Medical aims to improve patient outcomes and reduce healthcare costs associated with cardiopulmonary conditions.

Arbit

Seed Round in 2017
Arbit is a polling application that gives brands and people the ability to create polls, share opinions, aggregate results, and view analytics all in real-time. Backed by NBA players Steve Blake, Anthony Tolliver, Caron Butler, and Ty Lawson, Arbit is growing among the top names in sports and pop culture. From a B2B perspective, brands are utilizing Arbit as they poll across the platform in order to better gauge consumer sentiment towards their products, giving them an instantaneous, interactive platform to engage with their target audience.

Sonavex

Series A in 2017
Sonavex, Inc. is a Baltimore-based company founded in 2013 that specializes in advanced imaging technology aimed at enhancing surgical outcomes. The company has developed a proprietary ultrasound-based platform that enables clinicians to detect anastomotic blood clots and assess critical intravascular flow metrics directly at the point of care. This technology not only facilitates the measurement of blood flow and vessel morphology but also includes bioresorbable and echogenic equipment to mark at-risk blood vessels for future assessments. By providing actionable data, Sonavex supports healthcare providers in monitoring and improving patient care, particularly in the context of post-operative complications.

Marigold Health

Seed Round in 2017
Marigold Health operates a social network community platform designed to provide text-based group therapies for individuals facing mental health and substance use challenges. The platform facilitates anonymous support groups, allowing patients to engage with one another and receive guidance from coaches who have personal recovery experiences. By leveraging AI-augmented chat support, Marigold Health enhances the capacity of care teams while ensuring that patients receive personalized, stigma-free assistance. The company collaborates directly with treatment providers and managed care organizations within the Medicaid market to improve access to on-demand group therapies and foster a supportive community for recovery.

Awarables

Grant in 2016
Provider of an application to assess sleep quality and for identifying sleep disorders. The company provides a sleep analytic system which combines physiologic signals captured by microsensors and proprietary signal processing algorithms to provide reliable sleep quantity and quality

Sisu Global Health

Seed Round in 2016
Sisu Global Health develops a handheld mechanical device designed to salvage, filter, and recycle blood from patients experiencing internal bleeding. This innovative medical device allows physicians to collect blood from internal hemorrhages during surgical procedures, providing an alternative to donor blood in emergency situations such as blunt trauma and complications during pregnancy. By enabling intraoperative autotransfusion, Sisu Global Health's technology aims to enhance patient outcomes and streamline blood management in critical care scenarios.

Pixelligent

Series C in 2016
Pixelligent specializes in the development of nanocrystal dispersions and polymer nanocomposites, aiming to transform the production of composite materials. By synthetically replicating various metal oxide materials found in nature, the company utilizes its proprietary PixClearProcess® to engineer PixClear® materials. These materials are designed to integrate seamlessly into conventional manufacturing processes such as inkjet printing, nanoimprinting, spin coating, and photolithography. Pixelligent's nanocomposites enhance light output by optimizing the refractive index of materials, allowing clients to achieve greater transparency, reduced haze, and improved scratch resistance in their products.

Loople Mobile

Seed Round in 2016
Loople Mobile offers a business intelligence product and marketing solution for the alcohol industry. The smartphone application enables individuals to find and go to bars and restaurants in the vicinities based on drink specials, seating arrangements, and offers. Loople Mobile was founded by David Phelan and Philip DiMuro in February 2014 and is based in Baltimore, Maryland.

Sonavex

Seed Round in 2015
Sonavex, Inc. is a Baltimore-based company founded in 2013 that specializes in advanced imaging technology aimed at enhancing surgical outcomes. The company has developed a proprietary ultrasound-based platform that enables clinicians to detect anastomotic blood clots and assess critical intravascular flow metrics directly at the point of care. This technology not only facilitates the measurement of blood flow and vessel morphology but also includes bioresorbable and echogenic equipment to mark at-risk blood vessels for future assessments. By providing actionable data, Sonavex supports healthcare providers in monitoring and improving patient care, particularly in the context of post-operative complications.

Perceptive Navigation

Seed Round in 2015
Perceptive Navigation LLC is a pre-clinical stage medical device company based in Baltimore, Maryland, focused on developing interventional medical devices for image-guided surgery. Its flagship product, Vu-Path, is an innovative intracorporeal ultrasound device that combines forward-viewing ultrasound imaging with a working portal for the introduction of needles, biopsy instruments, guide wires, and therapeutic delivery. Designed to enhance the safety and efficacy of minimally invasive procedures across various medical specialties, including radiology, cardiology, interventional oncology, and urology, Vu-Path addresses critical limitations of existing imaging techniques, which can be costly, cumbersome, and risky. The device aims to provide accurate and precise access to internal structures, thereby reducing procedural times and enhancing overall patient care. By replacing traditional imaging methods like surface ultrasound, CT, X-Ray, and MRI, Vu-Path is positioned to streamline complex surgical operations while minimizing resource requirements. Perceptive Navigation was incorporated in 2012 and continues to advance its technology to meet the needs of the medical community.

Vasoptic Medical

Seed Round in 2015
Vasoptic Medical Inc. is engaged in the development and commercialization of medical devices aimed at the non-invasive assessment of blood flow and vascular status, particularly in the retina. The company's flagship product, the XyCAM Retinal Imager, allows for the visualization of retinal blood flow dynamics without requiring contrast agents or pupil dilation. This low-cost, portable imager provides healthcare professionals with quantitative tools to monitor the progression of various ophthalmic and systemic diseases. By making this technology accessible in primary care centers, healthcare facilities, pharmacies, and community clinics globally, Vasoptic Medical aims to enhance access to essential eye care for at-risk and underserved populations while reducing the costs associated with traditional eye examinations. Founded in 2012 and based in Baltimore, Maryland, the company is committed to improving patient outcomes through innovative healthcare solutions.

CoolTech Medical

Grant in 2015
CoolTech LLC, based in Baltimore, Maryland, specializes in the development of innovative medical technology for non-invasive fever control and neuroprotection. The company's primary product, the CoolStat device, utilizes transnasal energy removal technology to effectively manage patient temperature. This small, lightweight, and portable device delivers filtered, dry air through a single-use air tubing set, allowing for ease of movement throughout a hospital environment. By blowing room-temperature air into the nasal passages, the CoolStat promotes an evaporative cooling mechanism, which is particularly beneficial for patients experiencing cardiac arrest or head injuries. Since its incorporation in 2011, CoolTech has focused on improving patient outcomes through its advanced cooling solutions.

Pixelligent

Venture Round in 2013
Pixelligent specializes in the development of nanocrystal dispersions and polymer nanocomposites, aiming to transform the production of composite materials. By synthetically replicating various metal oxide materials found in nature, the company utilizes its proprietary PixClearProcess® to engineer PixClear® materials. These materials are designed to integrate seamlessly into conventional manufacturing processes such as inkjet printing, nanoimprinting, spin coating, and photolithography. Pixelligent's nanocomposites enhance light output by optimizing the refractive index of materials, allowing clients to achieve greater transparency, reduced haze, and improved scratch resistance in their products.

SeeFuture

Seed Round in 2013
SeeFuture allows college students to sign up as early as freshmen year and apply to their member companies for mentorship. Once accepted students are paired with a mentor from the company who works with the student through company specific learning modules. All interaction between students and mentors is conducted face to face via webcam technology built into the SeeFuture platform. From their students are immersed into the organization, are able to build real networks, and have a better chance at securing an internship or even entry level job with the company.

GiveCorps

Angel Round in 2012
GiveCorps is an online platform dedicated to fostering a community centered around philanthropy. Its mission is to connect individuals passionate about giving with local non-profits seeking support, while also encouraging local merchants to incentivize donations. By showcasing compelling local projects, GiveCorps aims to inspire daily contributions from community members, targeting an annual fundraising goal of over $5 million in each city. The company utilizes Software as a Service (SaaS) technology to facilitate meaningful relationships between donors and non-profits, enhancing the overall impact of philanthropic activities in local communities.

TidePoint

Series A in 2000
A provider of business partner infrastructure solutions

IC-USA

Series B in 2000
IC-USA is a business consulting firm that assists both domestic and foreign nationals in establishing investments. It also offers passive investments for investing, which refers broadly to a buy-and-hold portfolio strategy for long-term investment.
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