Richard King Mellon Foundation

Investor type Private Equity Firm

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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 20
Average round size
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The average size of a deal this fund participated in
$32M
Portfolio companies 18
Rounds per year 0.31
Lead investments 10
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.10
Exits 3
Key employees Soon

Areas of investment

  • Biotechnology
  • Higher Education
  • Education
  • Health Care
  • Medical
Summary

In 1956 was created Richard King Mellon Foundation, which is appeared as Corporate Investor. The company was established in North America in United States. The main office of represented Corporate Investor is situated in the Pittsburgh.

The typical case for the fund is to invest in rounds with 8 participants. Despite the Richard King Mellon Foundation, startups are often financed by Morgenthaler Ventures, Vertex Ventures HC, Versant Ventures. The meaningful sponsors for the fund in investment in the same round are Windham Venture Partners, Vertex Ventures HC, Lightstone Ventures. In the next rounds fund is usually obtained by Windham Venture Partners, Vertex Ventures HC, Lightstone Ventures.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. The fund has no specific favorite in a number of founders of portfolio startups. If startup sums 1 or 3 of the founder, the chance for it to be financed is low. Besides, a startup requires to be at the age of 6-10 years to receive the investment from the fund. Among the most popular fund investment industries, there are Biotechnology, Therapeutics. Among the various public portfolio startups of the fund, we may underline Earlens Corporation, GlobeImmune, Phathom Pharmaceuticals

Comparing to the other companies, this Richard King Mellon Foundation performs on 9 percentage points less the average number of lead investments. The fund is generally included in less than 2 deals every year. The top amount of exits for fund were in 2019. The top activity for fund was in 2019. Considering the real fund results, this Corporate Investor is 0 percentage points less often commits exit comparing to other organizations. The common things for fund are deals in the range of 50 - 100 millions dollars.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Carnegie Mellon University - Crunchbase School Profile & Alumni

Higher Education
Universities
$150M18 Nov 2021 Pittsburgh, Pennsylvania, United States

University of Pittsburgh - Crunchbase School Profile & Alumni

Education
Higher Education
Universities
$100M17 Nov 2021 Pittsburgh, Pennsylvania, United States

The Citizen Science Lab

Non Profit
$250K17 Aug 2021 Pittsburgh, Pennsylvania, United States

Health Care
Hospital
$5M10 May 2021 Pittsburgh, Pennsylvania, United States

SetPoint Medical

Biotechnology
Health Care
Medical Device
Neuroscience
$64M27 Jan 2021 Santa Clarita, California, United States

GID BIO

Biotechnology
Medical
Therapeutics
$250K18 Aug 2020 Colorado, United States

Mediation Council of Western Pennsylvania

Education
Wellness
$100K02 Jul 2020 Pittsburgh, Pennsylvania, United States

Flint RiverQuarium

Museums and Historical Sites
Non Profit
$100K29 Jun 2020 Albany, Georgia, United States

University of Pittsburgh

Education
Higher Education
Universities
$6M16 Jul 2019 Pittsburgh, Pennsylvania, United States
News
HilleVax Closes $135 Million Crossover Financing to Advance Clinical Stage Norovirus Vaccine Candidate

– HilleVax, Inc. (HilleVax), a biopharmaceutical company focused on the development and commercialization of novel vaccine candidates, announced the close of a $135 million crossover financing led by Frazier Healthcare Partners and joined by RA Capital Management, Deerfield Management Company, Abingworth, Lightspeed Venture Partners, Perceptive Advisors, Catalys Pacific, Samsara BioCapital, BVF Partners, Qiming Venture Partners USA, Greenspring Associates, Richard King Mellon Foundation, and Sahsen Ventures.
– The proceeds of this financing support the further clinical development of HilleVax’s virus-like particle (VLP) based vaccine candidate, HIL-214, for the prevention of moderate-to-severe acute gastroenteritis caused by norovirus infection.

The Citizen Science Lab Receives $250,000 Grant from Richard King Mellon Foundation

– The Citizen Science Lab has been awarded a $250,000 grant from the Richard King Mellon Foundation to expand its work in providing science, technology, engineering and math programs to youth and their families in Pittsburgh.
– A critical component to the creation of a new STEM laboratory located within the Hill District, the funding will play a key role during presentations and negotiations with Hill District stakeholders and community partners to acquire the Dr. Martin Luther King Jr. Reading Center located on 636 Herron Avenue.
– Grant funding provides resources that will allow this project to be molded by input from residents, bringing them even closer to ensuring that The Citizen Science Lab continues to be an anchor institution for STEM enrichment in the Hill District.

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