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.
Under Armour may be one of the biggest retailers in the country, but that doesn’t mean that CEO Kevin Plank has his head in the clouds. His new investment in a small, Baltimore-based food company is just one further example.
Couresty Bmore Media – You can take Tom “TK” Kuegler out of Baltimore, but he’ll leave his heart and checkbook behind.
Kuegler, an Essex native and Loyola University grad, left Charm City more than ten years ago for the wilds of Montana. There, he indulged his passion for the outdoors while regularly commuting to San Francisco to indulge his other passion–early stage technology companies.
Courtesy of Citybizlist – Of the 40 venture capital deals involving Washington D.C. and Baltimore metro area companies in the first quarter 2012, the top 10 hauled in 81 percent of the committed capital with a combined $166 million.
The leader, Intrexon, which develops DNA control systems to enhance the safety and efficacy of biological therapeutics, is no stranger to large dollar investments. The company had already raised $145 million by last September.