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Innovation Works

Investor type Government Office


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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 583
Average round size
The average size of a deal this fund participated in
Portfolio companies 286
Rounds per year 25.35
Lead investments 7
Follow on index
How often the fund supports its portfolio startups at next rounds
Exits 35
Key employees 14
Stages of investment
Early Stage Venture

Areas of investment

  • Software
  • Health Care
  • Information Technology
  • Manufacturing
  • Medical Device

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

CompanyIndustryRound SizeDateInvestorsLocation

CorePower Magnetics

Advanced Materials
$2M06 Sep 2022 Pittsburgh, Pennsylvania, United States


3D Technology
Health Care
Health Diagnostics
Machine Learning
30 Jun 2022 -


Data Integration
Data Visualization
29 Jun 2022 Pittsburgh, Pennsylvania, United States

Subtl Beauty

Consumer Goods
28 Jun 2022 Pittsburgh, Pennsylvania, United States

Emergence Dental

Health Care
Medical Device
24 Jun 2022 Pittsburgh, Pennsylvania, United States


17 Jun 2022 Austin, Texas, United States

Honeycomb Credit

Financial Services
16 Jun 2022 Pittsburgh, Pennsylvania, United States

Lumis Corp

Health Care
15 Jun 2022 Pittsburgh, Pennsylvania, United States


Financial Services
10 Jun 2022 Pittsburgh, Pennsylvania, United States


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