Givhero Receives Investment from Maryland Momentum Fund, TEDCO & Conscious Venture Partners | Press Release | I95 Business
Summary
“We have been a great resource for our clients across the globe especially by leveraging our virtual programs during the remote work environment.” Designed to be easy to implement and participate, the employer pays an annual SaaS fee and funds employee selected nonprofit causes through healthy behaviors. That said, this technology is quite advanced, the strategy of giving back to non-profits is unique and personalized, and the company has seen an excellent growth trajectory,” said Claire Broido Johnson, Managing Director of the Maryland Momentum Fund. “We look forward to the data that proves employee retention and more and are pleased that 90% of Givhero’s members say the connection to local charities motivated them to meet their health goals. The Maryland Momentum Fund was established by the USM Board of Regents to support promising commercial opportunities arising from advances in research and intellectual property at USM campuses, and its portfolio companies include: MF Fire, NextStep Robotics, the North American Wave Engine Corporation, Zest Tea, PaverGuide, Retrium, Veralox Therapeutics, Gemstone Biotherapeutics, Neoprogen, Minnowtech, ARMRSystems, Infercabuary, Datakwip pathOtrak KaloCyte MiRecule, N5 Sensors, VisiSonics, Voxy EngGen, Dynamhex, TargetDocs, Qualytics, Liatris, AquaLith and Sunstone Credit. The Conscious Venture Fund II looks to invest in minority and female founders who are using capitalism to break down barriers and create a more just, joyous, equitable, sustainable and profitable world for us all.
