Dynamhex Raises $1.5M to Help Businesses and Communities Meet Climate Targets

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.

READ FULL ARTICLE HERE

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.

Connect with these Baltimore Professionals on LinkedIn

  • Edwin Warfield

    Editor in Chief, Warfield Digital

    Connect
  • Jean Halle

    Independent Consultant

    Connect
  • Larry Lichtenauer

    President of Lawrence Howard & Associates

    Connect
  • Newt Fowler

    Partner at Womble Carlyle, LLP

    Connect
  • David Crowley

    Owner at Develop DC

    Connect
  • Carolyn Stinson

    Stinson Marketing Group

    Connect