TCP Venture Capital

Using our extensive experience and industry knowledge,
we help companies achieve their goals.

About Us

TCP Venture Capital is a Baltimore, Maryland-based early-stage technology focused
venture capital firm. We partner with entrepreneurs to build great businesses.

The Propel Baltimore Fund makes investments in early-stage technology companies willing to locate in Baltimore. The Fund addresses the critical need for more early-stage capital in Baltimore City, encourages more entrepreneurial activity in the City, creates more high-paying jobs, and helps to realize Baltimore City’s full potential as a destination for growing businesses.

TCP Venture Capital is a great partner for us; they believed in our vision and team at the very beginning.

James C. Foster, CEO ZeroFOX

TCP provided leadership at an important time in the growth of the company and helped galvanize our early rounds of financing

Guy Filippelli, CEO RedOwl Analytics

TCP Venture Capital has been a true partner adding value at each stage of LinkLabs' growth

Bob Proctor, CEO LinkLabs

Our Team

TCP Venture Capital is managed by a team with over 140 years of combined experience.

Christopher G. College

Christopher G. College

Managing Partner

Mr. College is an experienced venture capital professional with deep expertise in structuring, negotiating, and executing transactions. Mr. College has successfully closed over 70 transactions during his career worth over $2.0 billion. He is currently responsible for the strategic and operational leadership of TCP Venture Capital. Prior to joining TCP Venture Capital, from 2006 to 2012, Mr. College was Head of the Private Finance Group at Stifel Nicolaus. From 2001 until 2006, Mr. College was with the Private Finance Department of Legg Mason Wood Walker. Mr. College joined Legg Mason Wood Walker in 1999 and from 1999 until 2001 was a member of the investment banking team focusing on mergers and acquisitions and initial public offerings (IPOs) in the technology industries. Prior to joining Legg Mason, from 1992 to 1997, Mr. College was an investment banker with Robert W. Baird & Co. Mr. College holds BA in economics from Northwestern University and an MBA degree from Emory University.

Stuart M. Sutley

Stuart M. Sutley


A graduate of The University of Virginia, Mr. Sutley completed a successful four-year tour in the United States Marine Corps as an infantry officer culminating in a strategic battalion position during Operation Desert Storm. Following Desert Storm, Mr. Sutley embarked on several sales and operations opportunities with consumer products giant Newell-Rubbermaid Corporation, and Bank Boston Ventures at one time managing 500 employees with sales budgets in excess of $75.0 million.
Based on his exposure to the effects of rising healthcare costs on both companies and individuals Mr. Sutley founded two different healthcare companies focused on health management and aligning large employers with local hospital systems for more efficient care.
Mr. Sutley is currently on the Board of Directors of The Baltimore Station, a residential substance abuse recovery program for veterans, and the Maryland chapter of the American Diabetes Organization.

Neil Davis

Neil Davis


As Director of Entrepreneurial Initiatives for TEDCO, Mr. Davis’ team developed and managed programs for supporting start-ups in Maryland and served as the liaison with technology incubators statewide. Programs like Loaned Executives, Gateway Executives, Executive Roundtables and mdPACE were launched during Mr. Davis’ tenure. As part of the seed investment team, he led investments in promising Maryland-based start-ups (identified candidates, built relationships, prepared for presentation to team, conducted due diligence, and executed investment decisions).
Prior to joining TEDCO Mr. Davis was VP of Operations at the Emerging Technology Centers (ETC) incubator where he provided business consulting services to early-stage technology and biotechnology companies directly, and via a combination of in-house staff, a volunteer network and grant-funded third-party providers, while managing client recruitment, marketing, budgeting and planning. During his tenure, lean start-up acceleration and coworking options were added to ETC’s traditional incubation model.
Mr. Davis also has 30+ years of private sector public company experience in roles ranging from engineering to business development to new product launch to P&L management – all in both domestic and international settings. He holds a BSME from Lafayette College and an MBA from the University of Maryland.

Supriya Munshaw

Supriya Munshaw

Investment Partner

Supriya Munshaw is a Senior Lecturer in the Practice Track at the Johns Hopkins Carey Business School. At Carey teaches courses on commercialization of early stage ventures and on strategies in the biotechnology and pharmaceutical industries. She advises and works with local biotech and medtech startups, has served as a mentor and adjunct faculty for the NSF I-corps program and has served on several NIH SBIR grant review panels. Prior to joining Carey, she worked at the Division of Infectious Diseases at the Johns Hopkins Hospital where her work on Hepatitis C Vaccines led to a patent and several peer-reviewed publications. Supriya holds a PhD in Computational Biology and Bioinformatics from Duke University and a BA in Biology from Bard College.

Randy Washington

Randy Washington


Mr. Washington has over 6 years of experience in the financial services industry. In addition to working with TCP Venture Capital, Mr. Washington is currently an MBA candidate at the Johns Hopkins Carrey School of Business.

TCP Venture Capital has assembled a world-class advisory board with decades of relevant experience.

James C. Alban, IV

James C. Alban, IV

Job Position

Jamie Alban is the President of Alban Tractor Co., a Caterpillar equipment dealer with 17 locations throughout the Mid-Atlantic. Before assuming the role of President in 1998, Mr. Alban served as Executive Vice President of Operations. Mr. Alban was an officer in the United States Marine Corps and is a gradate of Bucknell University.

Alfred R. Berkeley

Alfred R. Berkeley

Job Position

Al Berkeley is Vice Chairman of Gentag, Inc., a technology company that develops healthcare, diagnostic, and cellular communication software for a worldwide audience and the Chairman of Princeton Capital Management, a registered investment adviser. Previously, Mr. Berkeley served as Chairman of Pipeline Financial Group from 2003 to 2011, President and Vice Chairman of the NASDAQ Stock Market from 1996 to 2003, and General Partner and Managing Director of Alex Brown & Sons from 1972 to 1996. Mr. Berkeley served in the US Air Force from 1968 through 1972, continuing in the Air Force Reserves through 1980. Mr. Berkeley serves on several public boards including Realpage, Inc. as well as a number of nonprofit boards including XBRL US and World Economic Forum. He is a Trustee of Outward Bound of Maryland and Allen University. Mr. Berkeley earned his MBA from the University of Pennsylvania’s Wharton School of Finance in 1968 and his BA from the University of Virginia in 1966.

James P. Daly

James P. Daly

Job Position

Mr. Jim Daly is a private investor with Brooklawn Ventures LLC, primarily focused on Maryland startups and small businesses seeking capital and other resources. Previously, for over 16 years Jim led the institutional sales effort at Legg Mason Capital Management where he served as a Managing Director and the firm’s delegate to the Institutional Investor Institute. At various times during his tenure, he oversaw sales, consultant relations and client service for the firms’s clientele which included several of the largest corporate, public and sovereign wealth fund investors in the US, Europe and Asia. Peak assets under management exceeded $70 billion with a number of individual mandates exceeding $1 billion. Earlier in his career, he was a Principal at Alex. Brown & Sons where he was co-founder of 1800 Capital Management. During his 15 year tenure at Alex. Brown, he developed his interest in working with institutional investors. He is currently active on the boards of Gibson Island Corporation and Loyola College Board of Advisors.

Raymond N. Fitzgerald

Raymond N. Fitzgerald

Job Position

Ray Fitzgerald served as CEO of Atlantic Aviation Corporation (AAC), a leading general aviation company with operations throughout the US and South America. At AAC he had P&L responsibility for the $100M enterprise. Prior to AAC, Mr. Fitzgerald was an executive with AMR Combs, the leading US Aviation service company. He served in the Navy and Air National Guard as a fighter pilot. Mr. Fitzgerald is a graduate of the U.S. Naval Academy and the University of Connecticut Law School.

LtGen George J. Flynn Jr. USMC (Ret.)

LtGen George J. Flynn Jr. USMC (Ret.)

Job Position

George Flynn recently served as a Director on the Joint Chiefs of Staff. In this capacity, he created and managed the Joint Force Development Directorate, a 2,000 person, $1 billion organization that develops new military operational, concepts, doctrine, and training. Before this role, Mr. Flynn held a number of commands, including the Marine Corps Development Command and the Marine Corps Training and Education Command. He also served as the Deputy Commander of Multi-National Corps Iraq. Mr. Flynn is a graduate of the National War College, the College of Naval Command and Staff, Salve Regina University, and the U.S. Naval Academy.

MG Genaro J. Dellarocco, USA (Ret.)

MG Genaro J. Dellarocco, USA (Ret.)

Job Position

General Dellarocco took command of the United States Army Test and Evaluation Command (ATEC) October 2010 and served until July 2013 where he commanded 10,000 soldiers and oversaw a budget in excess of $2.0 billion. Before accepting command of ATEC, he served as Program Executive Officer (PEO), Missiles and Space, Redstone Arsenal, Alabama. As the PEO MS, he managed a $20 billion domestic portfolio and a $24 billion international program portfolio. He assumed the position in June, 2007. Prior to this assignment he served as the Chief, Capabilities and Acquisition Division, J8, the Joint Staff from 2005 to 2006 and as the Director, US Army Acquisition Support Center. He served from 2001 to 2003 as the Project Manager for Force Projection at Program Executive Office, Combat Support and Combat Service Support in Warren, Michigan.
In 1995, General Dellarocco worked in the Office of the Assistant Secretary of the Army for Research, Development, and Acquisition (SARDA). Prior to the SARDA assignment, he served a joint tour (1992 to 1995) with the Ballistic Missile Defense Organization (BMDO). As a precursor to the BMDO assignment, he spent a year in the Training with Industry Program at the McDonnell Douglas Astronautics (Space Systems) Company in 1988. Also, he was inducted into the Army Acquisition Corps in 1990.
Upon graduating from Lake Superior State College in 1978, he earned a Bachelor of Science Degree in Business Administration (Marketing concentration) and received a Regular Army commission in the Quartermaster Corps. He earned a Master of Science in Material Acquisition Management from the Florida Institute of Technology (1991), a Master of Military Art and Science while attending the Command and General Staff College (1992), and a Master of Strategic Studies from the US Army War College (2001). General Dellarocco attained the highest DoD Acquisition Professional certification: Level III for Program Management and Test & Evaluation.

1,100+ Employees

$490,000,000 Follow on Funding

18+ Active Portfolio Companies

Our Portfolio



Qualytics provides data firewalls and surveillance for the enterprise.



Source corporate loans, receive pre-qualified borrower leads and manage covenant compliance using the latest technology.



Proactive Emotional Health for Individuals and Organizations - emVitals partners with employers and providers to transform the way behavioral healthcare is delivered.

Real Time Medical Systems

Real Time Medical Systems

Solving Healthcare Challenges With Data-driven Insights We deliver software solutions that improve healthcare outcomes for nursing facilities, hospitals, health systems, ACOs and hospice care.


By combining all functions of the ecommerce process into one service, Whitebox makes it easy for manufacturers and brands to scale to a global level, while shrinking overhead.

InsightIn Health

InsightIn Health

Insightin Health is the industry’s only single platform which provides data driven decision making for complete life-cycle of healthcare member journey to improve member acquisition, retention, and engagement.


Find Marinas and Rent Boat Slips Online


emocha is redesigning the way patients take their medication

Terbium Labs

Terbium Labs empowers organizations to reduce the risk of inevitable data exposure.

Link Labs

Link Labs is a leading innovator in low power, wide-area network technologies that power the Internet of Things (IoT).

Yet Analytics

Yet Analytics powers experience intelligence. Clients across industries use the Yet Analytics software platform to unify experience data from diverse sources.


Pixelligent Technologies is the world's leading manufacturer of High Refractive Index Materials for Solid State Lighting, Displays and Optical Components.


WellDoc is a healthcare company that develops technology-based solutions to support chronic disease management.


Bambeco is an online retailer that sells sustainable home products that have been sourced from unique locations.


SocialToaster mobilizes Super Fans of media and entertainment, brands, and sports teams to increase fan engagement, propel website traffic, strengthen brand loyalty, and drive revenues.


RedOwl Analytics applies inferential statistics to the corporate digital trail to reduce risk and inefficiencies.


Protenus technology looks at every access to every patient record, every day. It understands how patient data should be accessed, and alerts you when privacy is violated.


Proscia provides solutions in digital pathology for leading organizations across medicine and the biosciences.


ZeroFOX is a software as a service security provider that enables enterprises to proactively identify, manage, and mitigate information security risks introduced through social media.


Traitify is an image-based personality assessment platform striving to create the world's first personality API.

Investment Thesis

The severe undercapitalization of post-Series Seed companies in Baltimore
City represents an attractive opportunity for investment.

  1. A high concentration of human capital, particularly in burgeoning industries such as education technology, healthcare, and cybersecurity.
  2. A wide breadth of promising technologies emerging from research universities and federal laboratories in the region.
  3. A number of unique state funding resources that mitigate risk by advancing technologies to commercially viable stages

The Propel Baltimore Fund addresses the critical need for more early-stage capital in Baltimore City. It is our belief that venture-stage businesses represent an attractive investment opportunity that, when proper due diligence is applied, can produce superior returns on invested capital.

We believe that Baltimore has a number of unique attributes that enable companies based in the city to thrive.

We believe that these unique attributes present Propel with an opportunity to help encourage more entrepreneurial activity within Baltimore City, while also generating attractive returns for our investors.

The Propel Baltimore Fund

Makes investments in high-growth, early-stage technology companies committed to
headquartering in Baltimore City.

Investment Criteria

We’re investing in Baltimore’s best technology companies.


Located in Baltimore City or committed to
headquartering in Baltimore City.

Investment Duration

Typically 5 years to exit or sale.

Industry Focus

Technology companies that meet
duration & business plan criteria.

Business Plan

High-growth, scalable, and
capital efficient.


Typically convertible debt or
preferred stock.


Active minority investors; typically
require a board observer seat.

Stage of Development

Early revenue or have a product or
service that can be evaluated for
commercial readiness.


Lead or value-added co-investor.


Creates full-time jobs in Baltimore
City with living wages and benefits.


Questions? We can’t wait to hear from you.