Latest news with #CollideCapital
Malaysian Reserve
17-07-2025
- Business
- Malaysian Reserve
TEDCO Selects Collide Capital to Support Management and Investment of Allocated SSBCI Funding
Collide Capital becomes the third selected VCLP to support the next generation of technological innovation COLUMBIA, Md., July 17, 2025 /PRNewswire/ — TEDCO, Maryland's economic engine for technology companies, announces the selection of Collide Capital as one of the early-stage venture capital fund managers supporting the management and investment of up to $10 million in U.S. Department of Treasury State Small Business Credit Initiative (SSBCI) funding. 'TEDCO's commitment to creating opportunities aligns with our goals of ensuring capital goes to the most deserving applicants rather than the most privileged,' said Brian Hollins, co-founder and managing partner of Collide Capital. 'With this funding, we are excited to better support the Maryland entrepreneurial ecosystem and look forward to working with TEDCO to help the ecosystem flourish.' Collide Capital is a $66 million black-owned venture capital firm envisioning a world where capital is awarded to those who are best positioned to solve the next generation of global challenges. Through their work, the company seeks to guide founders on their journey by equipping them with resources, knowledge networks and hands-on support. To date, they have backed more than 50 founders, with over 80% identifying as Black, Latine, and/or female. Recently, TEDCO announced receiving an infusion of up to $50 million in funding from the SSBCI initiative. This funding supports recipients of TEDCO's Venture Funds, Seed Funds and Social Impact Funds—along with the $10 million earmarked for the Venture Capital Limited Partnership (VCLP) Equity program. Of this amount, funding has been allocated to 100KM Ventures, AIN Ventures and now Collide Capital. 'This allocation reflects TEDCO's continued commitment to supporting the growth of an inclusive and sustainable merit-based ecosystem across the state,' said TEDCO CEO, Troy LeMaile-Stovall. 'Through our collaboration with Collide Capital, we are hoping to expand our reach, support more underserved individuals, bridge gaps in the system and allow for innovative advancements.' For more information about the SSBCI VCLP funds, visit our website here. About TEDCOTEDCO, 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 Media ContactTammi Thomas, Chief Development & Marketing Officer, TEDCO, tthomas@ Kalinyak, Associate Director, Marketing & Communications, TEDCO, rkalinyak@
Yahoo
17-07-2025
- Business
- Yahoo
TEDCO Selects Collide Capital to Support Management and Investment of Allocated SSBCI Funding
Collide Capital becomes the third selected VCLP to support the next generation of technological innovation COLUMBIA, Md., July 17, 2025 /PRNewswire/ -- TEDCO, Maryland's economic engine for technology companies, announces the selection of Collide Capital as one of the early-stage venture capital fund managers supporting the management and investment of up to $10 million in U.S. Department of Treasury State Small Business Credit Initiative (SSBCI) funding. "TEDCO's commitment to creating opportunities aligns with our goals of ensuring capital goes to the most deserving applicants rather than the most privileged," said Brian Hollins, co-founder and managing partner of Collide Capital. "With this funding, we are excited to better support the Maryland entrepreneurial ecosystem and look forward to working with TEDCO to help the ecosystem flourish." Collide Capital is a $66 million black-owned venture capital firm envisioning a world where capital is awarded to those who are best positioned to solve the next generation of global challenges. Through their work, the company seeks to guide founders on their journey by equipping them with resources, knowledge networks and hands-on support. To date, they have backed more than 50 founders, with over 80% identifying as Black, Latine, and/or female. Recently, TEDCO announced receiving an infusion of up to $50 million in funding from the SSBCI initiative. This funding supports recipients of TEDCO's Venture Funds, Seed Funds and Social Impact Funds—along with the $10 million earmarked for the Venture Capital Limited Partnership (VCLP) Equity program. Of this amount, funding has been allocated to 100KM Ventures, AIN Ventures and now Collide Capital. "This allocation reflects TEDCO's continued commitment to supporting the growth of an inclusive and sustainable merit-based ecosystem across the state," said TEDCO CEO, Troy LeMaile-Stovall. "Through our collaboration with Collide Capital, we are hoping to expand our reach, support more underserved individuals, bridge gaps in the system and allow for innovative advancements." For more information about the SSBCI VCLP funds, visit our website here. About TEDCOTEDCO, 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 Media ContactTammi Thomas, Chief Development & Marketing Officer, TEDCO, tthomas@ Kalinyak, Associate Director, Marketing & Communications, TEDCO, rkalinyak@ View original content to download multimedia: SOURCE TEDCO Sign in to access your portfolio
Axios
07-02-2025
- Business
- Axios
Exclusive: Office sharing startup Tandem raises $6.1 million
Tandem, a startup for listing excess office space, raised $6.1 million in seed funding led by Collide Capital, 1984 Ventures and Y Combinator. Why it matters: Companies have aggressively laid down return-to-office mandates. They haven't worked. Context: Office vacancies in the U.S. have continued to rise since the pandemic, hitting a record high of 13.8% in the last quarter, according to CoStar data. Companies, meanwhile, have struggled to sublet their space, with available square footage still near its all-time 2023 high. How it works: The San Francisco-based company acts as a payments platform and broker, taking care of contracts, marketing and chasing down the rent. Founded in 2023, Tandem started as a matching service for tenants and companies with extra space. It's since branched out with listings direct from landlords. Tandem seeks to sweeten office sublets for renters, says CEO Rafi Sands. That could mean recommending pricing or suggesting a change in desk layouts for more privacy. Then, taking into consideration a tenant's specific needs (a dog-free office or one with a kitchen, for example), Tandem can pair tenants up with partially occupied spaces, completely private offices, or shared spaces that are sectioned off. Zoom out: The pandemic created a tsunami of changes in how the office real estate industry operates, empowering buyers. Leases shortened, and workers demanded more amenities. Sands says these new, shorter-term leases aren't considered cost effective for traditional brokers that are paid a lump sum upfront for the entire lease. That is where he sees Tandem's opportunity. The company offers one-month to two-year leases and is paid 5% to 15% per rent payment. He argues it's a better alignment of interests, as Tandem has a vested interest in making sure rent is paid. By the numbers: Tandem has placed 200 companies in spaces since its launch a year ago and says it processes over $6 million in annual rent. It plans to embed additional services into the platform in the future, so tenants can buy furniture or choose janitorial services through the company. The big picture: Tandem is effectively a bet that working from home sticks around. Stanford economist Nick Bloom, who has predicted that people will spend more time working from home, is an investor. His 2024 research found that employees who work from home twice a week are just as productive and are less likely to quit.
