Once again CoFoundersLab has gained statewide recognition.
The Rockville-based startup received a $75,000 capital investment through the Maryland Venture Fund, Maryland’s Dept. of Business and Economic Development announced Monday.
CoFoundersLab provides matchmaking services for entrepreneurs, allowing those with an idea for a company to find a co-founder or investor to help launch the idea.
The company first got statewide recognition when it won the first Pitch Across Maryland competition in 2012. CoFoundersLab co-founders Shahab Kaviani and Culin Tate climbed aboard the Pitch bus on a whim, and ended up with top prize.
That earned them a place in the first InvestMaryland Challenge, a statewide competition for early-stage businesses, but they did not win the $100,000 prize in that contest.
Another company that benefited from the Maryland Venture Fund was born out of a CoFoundersLab matchup. ReelGenie, an online startup based in Silver Spring, received a $150,000 investment from the state in July 2013.