TEDCO announces recent investment in Femly Corporation
Minority and woman-owned Maryland-based technology company with innovative technology supporting distribution, data collection and customer engagement efforts
COLUMBIA, Md. (September 7, 2023) – TEDCO, Maryland’s economic engine for technology companies, announced a recent investment $250,000 in Femly Corporation, a minority woman-owned Maryland-based technology company working to increase access to natural and organic hygiene products.
“Femly’s smart restroom dispensers and organic period care have made us trusted supplier for more than 109 schools, colleges, and corporate offices” said Arion Long, Founder & CEO of Femly. “Thanks to TEDCO’s investment, we’ve been able to scale our team, and will continue to use this momentum to partner with additional organizations and elevate the restroom experience for all.”
Femly Corporation, based in Baltimore, Md., is focused on increasing access to natural menstrual products, but has developed an innovative solution for dispensing their products to help meet the demand of menstrual products in public spaces. Through this technology manufacturing, they offer smart and innovative hygiene dispensers to customers across industry verticals.
“Femly’s innovative technology in the distribution, data collection and customer engagement for feminine hygiene products caught our attention,” said Jean-Luc Park, senior director of TEDCO’s Social Impact Funds. “We saw that this innovative technology could be used for other products, making it unrestricted to the initial product lines and allowing for more potential and opportunities for the company.”
Through the Social Impact Funds, TEDCO invests in and provides hands-on educational support, mentorship and collaboration efforts, and networking opportunities to support socially and economically disadvantaged individuals who are founders of technology-based companies.
For more information about TEDCO’s additional funding opportunities, click here.