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Early-Stage Investment
See the full list
Cellumen, Inc.
Life Sciences
$8,700,000
Pittsburgh Business Times
BIOSAFE, Inc.
Advanced Materials
$300,000
Pop City Media
RedPack Logistics Inc.
Other IT
$300,000
Pittsburgh Business Times
Flexuspine, Inc.
Life Sciences
$4,880,000
N/A
Falcon Genomics, Inc.
Life Sciences
$150,000
Pittsburgh Business Times
Glucose Sensing Technologies, LLC
Life Sciences
$100,000
Pittsburgh Business Times
Celsense, Inc.
Life Sciences
$100,000
Pittsburgh Business Times
Separation Design Group, LLC
Life Sciences
$100,000
Pittsburgh Business Times
Applied Computational Technologies, LLC (AppCompTech)
Life Sciences
$150,000
Pittsburgh Business Times
Thermal Therapeutics Systems, Inc.
Life Sciences
$200,000
Pittsburgh Business Times
Plextronics, Inc.
Advanced Materials
$20,600,000
Pittsburgh Business Times
ShowClix
Software
$150,000
Pop City Media
Coventina Healthcare Enterprises, Inc.
Life Sciences
$150,000
Pittsburgh Life Sciences Greenhouse
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With regional early-stage dealflow showing signs of an uptick in the last two years, venture capitalists are taking notice. Many of these VCs are from outside the Pittsburgh region, bringing new money into companies here.
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Southwestern PA’s early-stage community is underserved when it comes to venture capital, local investors say, and that represents an opportunity for investors from outside the region. In each of the past four years, more than half of all local deals involved VCs from outside the region, who often syndicated with Pittsburgh-based investors.
Full Story
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TowerCare
TowerCare is targeting mid-size nonprofits with its internet-based software that enables the groups to achieve double digit increases in donations and improved operating efficiencies. Many of these organizations are still keeping track of donations by hand or with Excel, neither of which is up to the increasingly sophisticated task. The market has been receptive—one of TowerCare’s biggest challenges is hiring enough sales people to close its backlog of qualified sales leads.
Full Story
TalkShoe
As podcasting continues to move toward the mainstream, TalkShoe is targeting this growing market for connecting people over the internet with voice. It began as a Web 2.0 company that hosts live interactive podcasts for everyone from wine connoisseurs to Baptist ministers to sports fans, and records them for downloading. Now it’s scaling to capitalize on the fast-growing social networking market which is attracting hundreds of millions of individual and corporate users, venture capital and interest from Wall Street.
Full Story
RedZone
The nation’s decaying infrastructure may be a safety and financial nightmare for many levels of government. But it’s an attractive business opportunity for RedZone, a high-growth company focusing on the front lines of infrastructure improvements. In the last two years, RedZone revenues have increased by 400%, as it digitizes what it calls ‘the world’s 3D geo-spatial data’ so that governments and other infrastructure owners have an exact record of what they own, where it is and what condition it is in.
Full Story
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Innovation Works (IW) invests risk capital and provides business mentoring to high-potential, start-up technology companies. Innovation Works is the single largest seed-stage investor in Southwestern PA, investing more than $35M in over 100 companies since 1999. IW’s portfolio companies have raised more than $400M in follow-on funding. The depth of experience working with so many companies and deal transactions makes IW’s business advice an invaluable resource. The combination of capital and expertise helps companies move quickly and effectively to commercialize products, gain customers, and form relationships with other investors and advisors who can help these companies realize their full potential. |
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