TEDCO’s Seed Fund Invests $200K in NewConnect, LLC

a high speed internet provider for commercial buildings and enterprises

COLUMBIA, Md. (April 29, 2020)—TEDCO, Maryland’s economic engine for technology companies, announced today NewConnect, LLC, a Bethesda-based provider of high speed internet access to commercial buildings and enterprises, received a $200,000 investment from its Seed Fund.   

“The TEDCO Seed investment in NewConnect, a company in the wireless fiber field, demonstrates our commitment to supporting Maryland technology companies expand and grow during a critical inflection point,” said Frank Glover, lead director of TEDCO’s Seed Fund and director of the Maryland Venture Fund.  

TEDCO’s Seed Fund invests in and partners with early-stage companies. Through investments and start-up related support services, TEDCO works with entrepreneurs to ensure they have the tools they need for success.  

"I really welcome the opportunity to partner with TEDCO and firmly believe our combined efforts will result in a great success for all concerned," stated David Wallis, CEO of NewConnect.

For information on how to access TEDCO investment applications for Maryland tech start-ups, please visit /investment-funding.

About NewConnect, LLC
NewConnect, LLC is an Internet Service Provider serving enterprises, multi-tenant buildings, and federal government agencies throughout the District of Columbia, Northern Virginia, and Maryland. Learn more at www.gonewconnect.com.