TEDCO, Maryland’s economic engine for technology companies, announced a recent $100,000 Pre-Seed Builder Fund investment in Dockshare. TEDCO’s Builder Fund is under the umbrella of TEDCO’s Social Impact Funds which invest in and provide executive support to Maryland-based technology companies run by entrepreneurs who are economically underserved.
“Dockshare is working to bridge the gap in the boating marketplace by providing a mobile-friendly platform that can provide boating enthusiasts with the opportunity to go boating, paddle boarding, canoeing or kayaking and waterfront property owners the ability to monetize their properties,” said Nate Young, CEO of Dockshare. “Thanks to TEDCO’s investment, we can continue to further expand our company and advance our mission.”
Dockshare, based in Baltimore, Md., is an online reservation platform designed to facilitate reservations between boaters and waterfront property owners who are looking to lease their docks. The platform provides a safe and flexible solution for boaters to have access to private dock listings, while providing private dock owners an easier method for renting out their facilities.
“Dockshare’s utilization of technology in the expanding boating industry could be a significant advantage for the boating community,” said Jean-Luc Park, senior director of TEDCO’s Social Impact Funds. “Through TEDCO’s investment, Dockshare could continue to leverage technology in facilitating reservations between boaters and docks within the online marketplace. Their technology has the potential to be adapted to support growth in other industries.”
TEDCO’s Social Impact Funds are carefully designed to support and invest in economically underserved founders and communities. Through this intentional design, TEDCO actively works towards a more diverse and inclusive entrepreneurial community in Maryland. For more information about our funding opportunities, click here.
About TEDCO
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.
