Company creating a platform where artists can create exclusive content for their fans
COLUMBIA, Md., (March 11, 2025) — TEDCO, Maryland’s economic engine for technology companies, announced recent funding of $25,000 from the Concept Capital program to Pedestal. Concept Capital is the bridge to early-stage funding that some entrepreneurs need; providing flexible funding and specialized support, the program helps businesses prepare for future venture opportunities.
“I saw the opportunity to create a platform that can be as unique as the artist, offering a stem player, video player, and social media platform (CRM) all in one,” said David Asbery, CEO of Pedestal. “Thanks to this funding from TEDCO, we can continue development and launch the platform for artists and listeners.”
Pedestal, located in Middle River, Md., is creating a direct-to-consumer platform for artist album releases. Through the tools provided in the platform, artists can create exclusive experiences for their fans including visual and interactive album options.
“The Concept Capital program was designed to assist the earliest stage businesses in Maryland that may have concepts in non-traditional tech sectors, so we can ensure a more inclusive ecosystem," said Graham Dodge, vice president of Venture Development. “With these funds, we aim to foster ongoing growth and look forward to seeing Pedestal’s impact on this growth.”
Pedestal has also utilized other TEDCO resources and programs, including, IPGen, Network Advisors and Prelude Pitch.
“Entrepreneurs looking to grow their business across borders – both state and national – should look no further than Maryland,” TEDCO CEO Troy LeMaile-Stovall explained. “Maryland offers five major interstates, close proximity to three major airports, rail transportation and even the port of Baltimore. Plus, Marylanders are a short commute to the nation’s capital, offering entrepreneurs great opportunities to collaborate with federal programs, access world-class resources and more.”
TEDCO’s Concept Capital program was created to provide critical early-stage funding for tech companies in need of assistance to further launch and grow their business, allowing Maryland to become a hub for entrepreneurial success. For more information about the Concept Capital program, please visit tedcomd.com/funding/concept-capital.