TCP VENTURE CAPITAL

Thesis

TCP Venture Capital is an early-stage technology-focused venture capital firm founded in 2012 and based in Baltimore, Maryland. Its primary mission is to provide essential early-stage capital to companies within Baltimore City, thereby stimulating entrepreneurial activity, creating jobs, and driving local economic growth. The firm operates mainly through its Propel Baltimore Fund, which specifically targets high-growth, early-stage technology companies that are committed to establishing or expanding their headquarters in Baltimore. TCP's investment thesis is centered on regional economic development, seeking entrepreneurs who are dedicated to building their businesses in Baltimore and aligning their growth with the firm's objective to enhance the local tech ecosystem. This geographic commitment is a key differentiator. The firm's preferred investment stages are pre-seed, seed, and seed-plus, offering both financial backing and strategic guidance. TCP Venture Capital targets innovative technology applications across sectors such as healthcare, digital health, cybersecurity, advanced materials, and identity solutions, while explicitly avoiding investments in franchises, brick-and-mortar operations, and online retail sales. The Propel Baltimore Fund invests up to $3 million in companies on the East Coast focused on technology, healthcare, and business services, and up to $500,000 in Baltimore-based technology companies. While specific AUM is not disclosed, they have invested $490 million in follow-on funding.

Related lists

• Pre-seed Healthcare investors
• Pre-seed Security investors
• Seed-stage Healthcare investors