Mountain State Capital

Mountain State Capital is a venture investor with offices in Pittsburgh, Pennsylvania, and Morgantown, West Virginia. It invests once a company has shown product-market fit and is ready to scale, and it has put money into technologies from software to life sciences over about twenty years.

What Mountain State Capital does

• Seed-round participation: joins larger seed rounds and can help find further investors.
• Follow-on reserves: holds capital back to support its stronger portfolio companies later.
• Close contact: meets portfolio companies often, which is why it stays near its offices.
• Life sciences focus: a partner leads investing in that sector.

Clients

Software, hardware and services companies that have already put a version of their product in front of early adopters. Life sciences companies should hold data showing their treatment works and understand their regulatory route. The firm prefers companies within six hours' drive, across the greater Appalachian region.

Key facts

• Based in: Pittsburgh, Pennsylvania, and Morgantown, West Virginia
• Region: West Virginia, Pennsylvania, Ohio, Kentucky, Maryland, Virginia, North Carolina and Tennessee
• Leadership: two co-founders and managing directors