Innovation Works Founded 1999
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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 489
Average round size
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The average size of a deal this fund participated in
$485K
Portfolio companies 218
Rounds per year 9.91
Lead investments 6
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.51
Exits 29
Stages of investment
Early Stage Venture
Seed
Areas of investment
Enterprise
Health Care
Industrial
Lifestyle
Software
Summary

In 1999 was created Innovation Works, which is appeared as VC. The main department of described VC is located in the Pittsburgh. The fund was located in North America if to be more exact in United States.

Among the most popular portfolio startups of the fund, we may highlight 4moms, The Zebra, Plextronics. The fund has no exact preference in some founders of portfolio startups. If startup sums 4 or 5+ of the founder, the chance for it to be financed is low. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Among the most popular fund investment industries, there are Health Care, Medical Device. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States.

We also calculated 14 valuable employees in our database.

The increased amount of exits for fund were in 2017. Opposing the other organizations, this Innovation Works works on 23 percentage points less the average amount of lead investments. The fund is constantly included in 13-24 investment rounds annually. Considering the real fund results, this VC is 16 percentage points less often commits exit comparing to other organizations. The average startup value when the investment from Innovation Works is 1-5 millions dollars. The usual things for fund are deals in the range of 1 - 5 millions dollars. The important activity for fund was in 2018. Despite it in 2019 the fund had an activity.

The standard case for the fund is to invest in rounds with 1-2 partakers. Despite the Innovation Works, startups are often financed by Urban Redevelopment Authority of Pittsburgh, BlueTree Allied Angels, Birchmere Ventures. The meaningful sponsors for the fund in investment in the same round are BlueTree Allied Angels, AlphaLab, Birchmere Ventures. In the next rounds fund is usually obtained by Draper Triangle, BlueTree Allied Angels, Riverfront Ventures.

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Notable deals
CompanyIndustryRoundRound SizeDateInvestorsLocation
Honeycomb Credit
Finance
Financial Services
FinTech
Seed
1M15 Mar 2021 United States, Pittsburgh
Seed
50K12 Mar 2021
Komodo
Digital Media
Internet
Mobile
Telecommunications
Wireless
Seed
50K09 Mar 2021 Canada, Old Toronto
Civic Champs
Mobile Apps
Non Profit
Software
Seed
10 Feb 2021 United States, Bloomington
Seed
50K09 Feb 2021
CytoAgents
Biotechnology
Seed
50K20 Jan 2021 United States, Pittsburgh
Encentiv Energy
Clean Energy
Energy
Energy Efficiency
50K15 Jan 2021 United States, Pittsburgh
ESTAT Actuation
Robotics
Seed
50K11 Jan 2021 United States, Pittsburgh
GoJaneGo
Internet
Seed
24K07 Jan 2021 United States, Pittsburgh
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