iNetworks
Private equityPittsburgh · Seed–Late Stage · 9 people tracked
Investment thesis
iNetworks invests in three strategic areas: healthcare breakthroughs, resilient infrastructure, and emerging technologies. Historically focused on healthcare and life sciences, the firm has expanded into physical and cyber-security infrastructure, education affordability, energy efficiency, alternative fuels, and green-tech across clean water, clean fuel, and clean transportation. It targets early to mid-expansion stage companies (the 'compressed J-curve') and operates across the funding spectrum through IPOs and LBOs. Beyond capital, iNetworks provides experienced management, operational know-how, strategic guidance, board involvement, and AI tools. The firm emphasizes ESG principles, pursuing both exceptional financial returns and positive social and environmental impact through long-term value creation.
Source: firm website, verified Aug 7, 2026.
Team · 9 people
from the firm's website & public directories
What they invest in
from 16 of 25 portfolio companiesHealthtech ×8SaaS ×4Biotech ×3Digital Health ×3Hardware ×3Medical Devices ×3Advanced Manufacturing ×2AI & Machine Learning ×2
HQs:United States×13
Investments · 25 tracked
founders shown can be your intro pathBy year:2024 · 12019 · 12018 · 12017 · 12016 · 15 dated
Infrastructure Resources operates a 150-acre sandstone quarry producing Class A, E skid-resistant sandstone #8 used for road and bridge construction, along with an adjacent limestone quarry, serving infrastructure projects in the northeastern United States.
Construction TechNew MaterialsPunxsutawney, US
David Osikowicz(CEO & Co-founder)Patrick Osikowicz(Co-founder & Secretary-Treasurer)
HealthtechChicago, US
John Regan(Executive Officer, Director)Eugene Bajorinas(Vice President of Operations and Secretary)Henry Appelbaum(President, Chief Executive Officer, and Director)William Graveman(Vice President of Engineering)Anthony Tomasello(Chairman of the Board)
Board seatAnthony LacenereAnthony J. Tomasello· per SEC Form D
Harmony, US
Frank J. Costa, MD(Director)Anthony Tomasello(Director)Jacques Moye(Director)Ronald, Jr. Zorn(Director and President)John Smolic(Director and Executive Vice President)Dawn Fuchs(Director)
Board seatAnthony J. Tomasello· per SEC Form D · $30M raise · filed Jan 2017
Pittsburgh, US
Patrick O'Connor(Executive Officer)Martin Griffin(Executive Officer, Director, Promoter)Chris Shipley(Executive Officer, Director)Jay Katarincic(Director)Anthony M. Lacenere(Director)
Board seatAnthony Lacenere· per SEC Form D · $1.9M raise · filed Jun 2018
Vizsafe offers Geoaware Intelligence, a real-time intelligence platform that converts complex location and operational data into situational awareness and actionable insights for organizations.
AI & Machine LearningEnterprise SoftwareSaaSMiddletown, US
Claude Sheer(Director)Peter Mottur(Executive Officer, Director)Jack Swartz(Director)
Board seatAnthony LacenereAnthony J. Tomasello· per SEC Form D
Wenzel Spine is a medical technology company that develops and manufactures products for minimally invasive spine surgery, including stand-alone spine fusion devices.
Advanced ManufacturingBiotechHardwareHealthtechMedical DevicesAustin, US
Phillip Hodges(Director)Russell C. Joseph(Director)William Wilson(Executive Officer)Chad Neely(Executive Officer, Director)Warren Neely(Director)
BoardJerry DeVries(Director)
Board seatAnthony Lacenere· per SEC Form D
CIMA Technology Inc. designs, manufactures, and distributes ophthalmic products used in cataract surgery, including intraocular lenses, visco-surgical devices, and intraocular lens injector systems.
Advanced ManufacturingHealthtechMedical Devices
Compassionate Certification Centers (CCC) is a physician-owned service that certifies patients for medical marijuana programs and issues medical cannabis (MMJ) cards via telemedicine appointments.
Digital HealthHealthtechWellness & Fitness
Develops engaging learning robots including Cozmo coding robot and Vector AI companion robot for educational purposes.
Pittsburgh, US
Harry Jacob Hanchar(Executive Officer)
Electronic Game Solutions (EGS) develops linked bingo games, point-of-sale systems, and cashless transaction and software verification technology for the charitable gaming industry and cruise line operators.
GamingHardwareSaaS
Dean Falvo(Founding Partner, President & CEO)Larry Midows(Founding Partner, VP & CFO)Sean Sullivan(Founding Shareholder & COO)John Smolic(Founding Partner & Executive Chairman of the Board)Rodney Gallagher(Lead Software Developer & Electronics Engineer)
INDIGO Biosciences is a life sciences company led by professionals with expertise in life sciences, business management, and operations.
AI & Machine LearningBiotechDeep TechMedical DevicesState College, US
Dr. Jack Vanden HeuvelDr. Blake Peterson
Penn Health Group operates a portfolio of healthcare brands focused on delivering medical care to patients.
Healthtech
iNetworks portfolio company where its Director of Operations also works, with a background in logistics, technology, and transportation.
Propel CoGen Solutions builds on-site cogeneration microgrids that deliver combined electrical and thermal power for businesses, healthcare facilities, and transportation infrastructure.
CleantechClimate TechEnergyPittsburgh, US
Mountain View, US
Unequal makes protective sports equipment, including head protection and FDA-cleared Commotio Cordis chest protection products, using materials such as Kevlar to reduce impact acceleration.
HardwareNew MaterialsSports Tech
UPMC operates a network of hospitals and health care facilities, offering medical services and specialties such as cancer care, cardiology, neurosciences, orthopaedics, and behavioral health.
Digital HealthHealthtech
Allegheny Health Network (AHN) is a health system operating hospitals, urgent and express care centers, and outpatient facilities across western Pennsylvania.
Digital HealthHealthtech
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Exits · 1
IPOs and acquisitions across the tracked portfolioIntuitive MachinesNASDAQ: LUNR
Portfolio news
latest coverage across their companiesPentec Health Celebrates 35th Anniversary · techcrunch.com · Jul 17, 2026
Frequently asked questions
- What stage does iNetworks invest at?
- iNetworks invests at the Seed, Series A, Series B, Growth, Late Stage stages.
- What sectors does iNetworks focus on?
- iNetworks focuses on Biotech, Cleantech, Cybersecurity, Digital Health, EdTech, Energy, Enterprise Software, Healthtech, Impact & Social Good, Medical Devices.
- Where is iNetworks located?
- iNetworks is headquartered in Pittsburgh, US.
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