Maryland-based company receives funding for AI platform
COLUMBIA, Md., (February 5, 2025) — TEDCO, Maryland’s economic engine for technology companies, announced a recent $25,000 investment from Concept Capital to Cravvn, Inc. This Concept Capital investment was provided through the Pre-Seed Builder Fund capital and is the first of TEDCO’s Concept Capital pilot program aimed to highlight companies in Prince George’s County. 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.
“We appreciate TEDCO’s investment in the Cravvn platform,” expressed Schapiro Kalu, CEO of Cravvn. “This funding allows us to launch our application and provide users with greater ease in meal planning.”
Cravvn, Inc., located in Beltsville, Md., is an artificial intelligence platform that leverages behavioral science to assist users with meal planning. This enables the platform to offer personalized recipe recommendations, restaurant suggestions and grocery integration.
“Cravvn is one of the first companies to be awarded the founder-friendly funding Concept Capital offers and the first company to receive this funding through our pilot program with Prince George’s County,” said Graham Dodge, vice president of Venture Development at TEDCO. “Focusing on early-stage entrepreneurs, the program offers convertible notes ranging from $25,000 to $50,000, thereby addressing a detrimental gap some innovative founders face when starting their business. Through these efforts, we can help the Maryland ecosystem continue to grow while also becoming more sustainable and competitive.”
Cravvn has also utilized other TEDCO resources and programs including the Urban Business Innovation Initiative and the Prelude Pitch.
“TEDCO is dedicated to ensuring entrepreneurial innovation can flourish by touching as many regions of the state that we can – hence the Concept Capital pilot program for Prince George’s County,” TEDCO CEO, Troy LeMaile-Stovall, explained. “This dedication offers Maryland-based businesses unique opportunities designed to assist with continued growth, making the state the perfect place to start and grow a business.”
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.