Towson Watch Company, a 16-year-old luxury watch company based in (you guessed it) Towson is the latest recipient of Under Armour founder Kevin Plank’s largesse.
Through his venture capital firm, Sagamore Ventures, Plank took a 25 percent stake in the company, which sells custom watches for as much as $13,000. The two master watchmakers who founded the company have helped the Smithsonian repair Abraham Lincoln’s pocketwatch; they also designed a timepiece worn by a NASA astronaut into space, according to the Sun. They’re also both over 70; part of Sagamore’s plan for the company is designing a succession plan so the watch company can outlive them.
This marks the latest of Plank’s many Baltimore-area investments, which also include a salad dressing company and a maker of educational technology… and, of course, the massive development Under Armour is building in South Baltimore.