TEDCO, Maryland’s economic engine for technology companies, announced a recent $225,000 investment in Clymb, a woman- and minority-led startup supporting youth and their mental and emotional health needs. This recent investment came through TEDCO’s Social Impact Funds.
“Clymb’s platform is working to address a gap in our system and provide youth with more individualized attention, education and care,” said Ashley Williams, founder and CEO of Clymb. “Thanks to TEDCO’s investment we are continuing our journey to support youth, allowing them to become mindful and emotionally intelligent individuals who can grow into the leaders of tomorrow.”
Clymb, based in Baltimore, Md., is a company working to reduce the impact of mental, emotional and behavioral disorders in youth. Through its app, the organization provides users with the tools like mindfulness to assist with understanding and deescalating emotional storms.
Earlier this year, Clymb received another investment from TEDCO. The previous funding was provided through State Small Business Credit Initiative (SSBCI) funding allocated to TEDCO’s Social Impact Funds. For more information about SSBCI funding, click here.
“Ashley’s approach to supporting youth addresses the concerns many parents are expressing today – that they don’t know how to support their children’s emotional and mental health,” said TEDCO’s Jean-Luc Park, senior director of Social Impact Funds. “By leveraging technology, Ashley has created a solution that youth today can easily access.”
The most recent funding from TEDCO came from the Pre-Seed Builder Fund, under the umbrella of the Social Impact Funds, which was established to support economically underserved founders and communities across the state. Through this intentional design, TEDCO continues to work 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.
