Katherine Hill Ritchie has been named senior director of Venture Funds at TEDCO, Maryland’s economic engine for technology enterprises.
Hill Ritchie will work alongside the TEDCO senior leadership team to assist Maryland entrepreneurs in achieving success through the creation of significant, long-lasting businesses. She will find and work with exceptional Maryland entrepreneurs for early-stage financial investments ranging from $500,000 to $2,000,000 per applicant as senior director of TEDCO’s Venture Funds. TEDCO presently administers over $110 million in Venture Fund assets, with the Funds accounting for over 1,600 jobs and $400 million in revenue as of 2021.
“Adding Katherine to our team further strengthens our goal of growing and diversifying the Maryland entrepreneurial ecosystem. She brings the character, talent, and vision we value here at TEDCO and across the state of Maryland,” said Troy LeMaile-Stovall, TEDCO CEO.
Hill Ritchie comes to the job with 19 years of banking and investment experience, including founding Private Capital Investments, LLC. She is also a member of Citrine Angels, an early-stage angel investment group, and serves on the investment committee for University Impact, a social impact Venture Capital fund. Katherine advises a number of early-stage venture firms, with an emphasis on female and minority founders, technology, medtech, consumer, and impact-related ventures.
Hill Ritchie is a director and board member of the Nottingham Spirk Family Office in addition to running her firm Private Capital Investments, LLC. Simon Group Holdings, Eden Capital, PEX Global, and Wedge Alternatives are among her previous employment.
She spent seven years in Switzerland, where she worked as a managing director at Palladio Alternative Research and as a senior analyst and member of the investment committee for the $3.5 billion investment portfolio of the Saad family office.
Source: Digital Weekday
