Startup Sees Better Fundraising Opportunity in Baltimore

Can you pack up your whole company and move to a better business climate? Saad Alam,CEO and co-founder of the education-tech startup Citelighter, thinks so.

Alam moved from New York City to Baltimore in October and plans to move the company’s other five employees there in February or March. (Dice News has asked how the staff feels about relocating, but hasn’t yet received an answer.) Alam cites Baltimore’s community of education tech companies and the prospect of catching local investors’ eyes as reasons for the move.

He plans to raise as much as $6 million to support the company he and co-founder Lee Joki created, which helps students organize their material when writing research papers.

“Something very special is happening here in Baltimore,” Alam told the Baltimore Business Journal of the growing community of education tech companies.

In all, Citelighter employs 12 people, but its sales force works remotely and its software developers are based in Romania. Those two groups will not move. Alam expects to hire five to seven more people in Baltimore — salespeople, software developers and curriculum creators — in the next six to seven months after a $1.2 million funding round closes in December. He plans to add another 10 to 12 people with further funding rounds.

Image: Image: Jon Bilous/

About Susan Hall

Susan Hall is an accomplished writer and editor living in Louisville, Ky., where they like horses – a lot. Susan boasts some affection for horses, but more for dogs. She has written on a broad range topics from Olympic marathoners to the use of Twitter in the corporate jungle. Born of the print era, she worked at metro dailies such as The Dallas Times Herald, Seattle Post-Intelligencer, Seattle Times and USA Today. The latter two even still exist. She fled the ink domain and became a member of the launch team. From there it’s been a giddy ride of project management, research, interviewing, writing and editing in the IT realm. When not working, she and her Cocker Spaniel, Charlie, compete in AKC agility events.