Posted April 28, 2020
USM Maryland Momentum Fund Invests $250,000 in Datakwip
University of Maryland, College Park alum creates data integration software platform to manage energy across buildings
BALTIMORE, Md. (April 28, 2020) – Datakwip, a rapidly growing greentech building analytics company, received a $250,000 investment from the University System of Maryland (USM) Maryland Momentum Fund. Co-investors include the Chesapeake Bay Seed Capital Fund at $250,000 and GreenGen Ventures, the corporate venture arm of Green Generation (GreenGen). Datakwip’s software connects to new or existing energy management, building automation systems, metering, and Internet of Things infrastructures to provide centralized data management and discover potential improvements and savings. The Momentum Fund is continuing to invest in companies affiliated with the USM despite the COVID-19 pandemic and encourages applications through the Fund website at https://momentum.usmd.edu/.
Read the full release from the University System of Maryland.