Top 10 Angel Investors in Pittsburgh, PA
Pittsburgh, PA is a small town located in Allegany County. With a population of just over 1,000 people, it is one of the smallest towns in the state. The town was founded in 1841 and was originally known as “The City of Steel” due to its iron and steel factories.
Today, Pittsburgh is still home to many historic buildings and monuments. These include the Pittsburg Opera House, built in 1882, and the Pittsburgh Lighthouse, built in 1887. The town also has a rich history of coal mining, forestry, and agriculture.
Top Angel Investors in Pittsburg
1. Alpha Fund Partners
2. Birchmere Ventures
3. Birchmere Labs
4. Blue Tree Allied Angels
5. Draper Triangle Ventures
6. Hydro-Quebec Capital
7. Innovation Works
8. McCune Capital
9. Pittsburgh Equity Partners
10. Pittsburgh Angel Network
Alpha Fund Partners
Alpha Fund Partners is a venture capital firm based in Pittsburgh, PA that was founded in 2018. Its mission is to partner with passionate founders to build the next generation of companies. Alpha Fund Partners has invested into over 25 companies across its four target industries of consumer products, healthcare, enterprise software, and fintech. Its average check size is between $500K — $1M. Notable investments include Itinerum, a data-driven travel platform, and ShopSavvy, a retail analytics platform. Alpha Fund Partners is dedicated to helping founders realize their vision and provides mentorship, access to capital and networks, and operational support.
Birchmere Ventures
Birchmere Ventures is an early-stage venture capital firm based in Pittsburgh, PA. Founded in 2004, they have invested in over 50 companies across a variety of sectors, including software, health care, financial services, and consumer products. Their mission is to provide capital and resources to entrepreneurs who are creating innovative solutions to solve the world’s toughest problems.
Birchmere Ventures typically invests between $500K to $2M per check into early-stage companies, with a focus on the software, health care, and financial services industries. Notable investments they have made include companies such as Reflektive, Orig3n, and Aledade.
Birchmere Ventures is committed to helping entrepreneurs bring their dreams to life, and looks forward to continuing to support the tech and innovation ecosystem in Pittsburgh.
Birchmere Labs
Birchmere Labs, founded in 2016 in Pittsburgh, PA, is an early-stage venture capital firm that invests in software-driven companies. They invest in companies that are building innovative products and services with a focus on the healthcare, education and financial services industries. Their average check size is $500K — $2M, and they have invested in over 50 companies to date. Notable investments include CareDox, a secure collaboration platform for healthcare providers, and Prodigy Education, an online math platform used by over 50 million students worldwide. Birchmere Labs is committed to helping founders build strong, successful companies and creating positive economic impact in the communities in which they invest.
Blue Tree Allied Angels
Blue Tree Allied Angels (BTAA) is a Pittsburgh-based angel investment group that was founded in 1996. The mission of BTAA is to provide early-stage capital to local entrepreneurs. To date, BTAA has invested in over 120 companies in a variety of industries, including healthcare, technology, consumer products, and software. BTAA typically invests between $250,000 and $1 million per deal, and the average check size is around $550,000. Some of the notable investments that BTAA has made include Apprenda, an enterprise software platform; Latrobot, a robotics company; and Phlow, a pharmaceutical manufacturing company. BTAA seeks to foster innovation and economic growth in the Pittsburgh region, and it has become a key player in the local startup ecosystem.
Draper Triangle Ventures
Draper Triangle Ventures is a venture capital firm based in Pittsburgh, PA that was founded in 2010. Their mission is to provide entrepreneurs in the Midwest with access to capital and a network of experienced advisors. To date, they have invested into more than 110 companies across multiple industries, including healthcare, software, and consumer products. Their average check size ranges from $200K to $2M. Notable investments include the Pittsburgh-based software company, Glance Technologies, which raised $3.2M in 2016, the healthcare technology company, Zipnosis, which raised $4.1M in 2018, and the consumer products company, Terrasana Group, which raised $2M in 2019.
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Hydro-Quebec Capital
Hydro-Quebec Capital is a venture capital firm based in Pittsburgh, PA. Founded in 2017, Hydro-Quebec Capital seeks to invest in innovative companies in the fields of energy, transportation, and digital technologies. Their mission is to accelerate the development of clean energy technologies and stimulate economic growth. Hydro-Quebec Capital has invested in over 30 companies, with an average check size of $3 million. They are particularly interested in investing in early-stage startups in the energy and transportation sector. Notable investments include electric vehicle maker Rivian, energy storage company Form Energy and digital energy company Unbounded Technologies.
Innovation Works
Innovation Works was founded in 1999 and is a venture capital firm based in Pittsburgh, PA. Their mission is to invest in and help grow early-stage technology companies in the region. They have invested in over 200 companies since their founding, with a focus on software, medical devices and diagnostics, advanced materials, and robotics. Innovation Works also offers mentorship and business development services to the companies they invest in. Their average check size is between $250,000 and $1 million. Notable investments include Duolingo, Argo AI, and Cernostics.
McCune Capital
McCune Capital is a venture capital firm based in Pittsburgh, Pennsylvania that provides seed, early-stage, and growth capital investments to innovative companies. Founded in 2011, the firm has invested in over 40 companies across industries such as healthcare, technology, consumer products, and energy. McCune Capital’s average check size ranges from $250,000 to $2 million and notable investments include Care at Hand and Neuronation. The firm’s mission is to partner with founders and management teams to provide the capital and resources needed to build a successful business. McCune Capital believes in long-term value creation, a flexible approach to investing, and a commitment to excellence and innovation.
Pittsburgh Equity Partners
Pittsburgh Equity Partners (PEP) is a private equity firm based in Pittsburgh, PA. Founded in 2003, PEP is committed to investing in early-stage, high-growth companies in the Greater Pittsburgh region. PEP has invested in more than 40 companies, ranging from healthcare and technology to advanced manufacturing and energy. PEP’s average check size is between $500,000 and $2 million. Notable investments from PEP include the Pittsburgh-based healthcare companies Outcome Health and OneOncology, and energy company TENEO. PEP’s mission is to invest in innovative companies that have the potential to create jobs and economic growth in the region.
Pittsburgh Angel Network
The Pittsburgh Angel Network (PAN) is a non-profit organization founded in 2010 with the mission to improve the economic health of the Pittsburgh region by connecting investors with the most promising early-stage companies. PAN has invested in over 100 companies, with a focus on target industries such as health care, software, and energy. PAN’s average check size is $50,000 to $100,000, and notable investments include the medical device company, NeuMoDx, the software company, Avere Systems, and the energy company, H10 Capital. PAN provides a platform for entrepreneurs to obtain capital and mentorship to help them scale their business and drive economic growth in the region
