Baltimore-based Dynamhex, a software company that provides energy consumption and carbon footprint data for corporate, utility and government, raised $1.5 million in a seed round.
The round includes a $250,000 investment from the Maryland Momentum Fund, which is the venture fund in which the University System of Maryland invests in companies with ties to its institutions. It also includes a $200,000 investment from the Chesapeake Bay Seed Capital Fund, a College Park-based fund that invests in companies that can help improve air and water quality in the Chesapeake Bay watershed. Further participants include Intelis Capital, the Exelon Climate Change Investment Initiative and the KCRise Fund.
The company was founded in 2019 by Sanwar Sunny, who is a professor of entrepreneurship at the University of Baltimore.
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