Pittsburgh · Pre-Seed–Series A · 43 people tracked
Find your way into Innovation Works
1,052 people in our graph share verified history with the Innovation Works team — schools, employers, funds. One of them is your warm intro.
Investment thesis
Innovation Works focuses on nurturing the tech ecosystem in Southwestern Pennsylvania, supporting early-stage entrepreneurs with a continuum of resources tailored to each startup's stage. Its programming spans youth initiatives, one of the country's top accelerators, and grants that help manufacturing startups scale. The organization pairs capital with mentorship and operational support led by experienced entrepreneurs, aiming to help founders go further faster and to strengthen the regional innovation economy.
Source: firm website, verified Aug 7, 2026.
Team · 43 people
from the firm's website & curated & public directoriesFounder mafia
5 people who came through Innovation Works went on to found or lead other companies.
What they invest in
from 18 of 25 portfolio companiesHealthtech ×6Enterprise Software ×5Biotech ×4Medical Devices ×4Consumer ×3Deep Tech ×3Fintech ×3Hardware ×3
HQs:United States×16China×1
Portfolio companies · 25 tracked
alumni founders can tell you what the program is really likeBy year:2024 · 12023 · 82022 · 12021 · 32017 · 12014 · 115 dated
Co-investorsAccess Technology VenturesBlue Lake CapitalPreAngel PartnersQiming Venture PartnersXVC Venture Capital
Duo Oncology is a clinical-stage company developing tumor-activated prodrug combinations intended to replace toxic multi-agent chemotherapy with single medicines that concentrate activity in tumors.
BiotechHealthtechPittsburgh, US
SONG LI(Director, Promoter)JING-ZHOU HOU(Executive Officer, Director, Promoter)Sam Rothstein(CEO & Cofounder)inKatherine Eichinger(Chief Operating Officer)STEPHEN THORNE(Executive Officer, Promoter)in
BoardJOE GATTO(Director)in
Co-investorsUlu VenturesNuFund Venture GroupNuFund
Exchangelodge automates data workflows for private markets investors and fund managers, integrating systems and cleansing data to support critical decision-making for GPs, LPs, and service providers.
Data & InfrastructureEnterprise SoftwareFintechSaaSPittsburgh, US
Ian Rubenstein(CEO)in
Co-investorsBeresford Ventures
Plexision develops cellular biomarker-based blood tests for personalized diagnostics and drug development in infectious diseases, transplant rejection, and immuno-oncology.
AI & Machine LearningBiotechDigital HealthMedical DevicesPittsburgh, US
Rakesh Sindhi(Co-founder, Chief Scientific Officer and Chief Executive Officer)
Co-investorsRichard King Mellon Foundation
Qinbaobao is an AI-powered platform serving families with parenting and childcare guidance, offering a mobile app, consumer products, and smart hardware like baby monitors and smart cribs.
ConsumerFoodTechHardwareHealthtechHangzhou, CN
Feng Peihua(Founder)
Co-investorsShunwei Capital
Calendly is a scheduling platform that integrates with Microsoft Teams to automatically generate and include Teams video conferencing links in calendar events.
Enterprise SoftwareFuture of WorkSaaS
Tope Awotona(Founder, Chief Executive Officer)in
Co-investorsAlumni VenturesAtlanta Tech VillageBasecamp FundCoatue ManagementCVX VenturesFirst Row Partners+13 more
D-Sole makes a sensor-equipped insole, mobile app, and clinician dashboard for early warning and monitoring of foot complications caused by diabetic peripheral neuropathy.
AI & Machine LearningDigital HealthHealthtechMedical DevicesPittsburgh, US
Co-investorsTechstars
Honeycomb Credit runs an investment crowdfunding platform where individuals can invest in local small businesses, such as breweries, restaurants, and shops, in exchange for potential returns.
FintechImpact & Social GoodMarketplacesPittsburgh, US
George Cook(Co-founder & CEO)inKen Martin(Founder)inMathias Jamora(CFO)inChristian Bilger(Executive Officer)Edward Engler(Director)
Co-investorsAmerican Family Insurance Institute for Corporate and Social ImpactCitta CapitalDelaware Crossing Investor GroupMudita VentureSustainVCSymphonic Capital+2 more
Claymont, US
Elina Onitskansky(Executive Officer, Director, Promoter)in
BoardAryeh Ganz(Director)Matthew Klitus(Director)
Co-investorsCity LightCornucopian Capital ManagementLifeX VenturesPeakBridge VC
Kloopify provides SKU-level cost intelligence and analytics for supply chain procurement, helping enterprises understand cost drivers across materials, labor, energy, tariffs, and other inputs to negotiate with suppliers and model supply chain volatility.
Data & InfrastructureEnterprise SoftwareLogistics & Supply Chain
Co-investorsBlack Tech Nation VenturesTrue Wealth Ventures
Kodable is a K–5 STEM education platform that teaches kids digital literacy, typing, and coding through play-based games and self-guided lessons.
EdTechGaming
Jon Mattingly(Founder)in
Co-investors500 GlobalImagine K12
Magnify Biosciences develops expansion microscopy tools and services, including the Magnify Kit with a proprietary hydrogel chemistry, that let researchers and labs perform super-resolution nanoscale imaging without extensive method development.
BiotechDeep TechMedical Devices
MetasTx is a precision oncology company developing a companion diagnostic to identify prostate cancer patients at high risk of metastasis, paired with next-generation cKit (KIT) inhibitor therapies to block cancer spread and drug resistance.
BiotechDeep TechHealthtech
Harvey D. Homan(Chief Executive Officer & Co-Founder)Somanath Shenoy(Co-Founder & Translational Science Lead)David Crich(Head of Chemistry)Jackson (Jay) B. Gibbs(Chief Science Officer)Jonathan Chernoff(Board of Managers)Brian Cain(Board Member & Strategic Growth Advisor)
Meter Feeder enables autonomous vehicles to conduct machine-to-machine transactions with municipal parking systems for meter payments, eliminating the need for human intervention or illegal parking.
FintechIoTMobility & TransportationPittsburgh, US
Jim Gibbs(Founder/CEO)inDaniel Lopretto(Founder/CTO)inWarner Macklin(Director)
Co-investorsAutomotive Ventures MobilityMountain State CapitalOssian CapitalTrucks VCY CombinatorPrecursor Ventures+1 more
Rimsys provides regulatory information management software that centralizes product registrations, submissions, compliance tracking, and change management for medical device manufacturers operating globally.
Enterprise SoftwareHealthtechMedical DevicesSaaSPittsburgh, US
Brad Ryba(CSO and Co-Founder)inJames Gianoutsos(Founder and CEO)in
BoardAndrew Hedin(Director)inJohn McIlwraith(Director)inEric Boduch(Director)in
Co-investorsAllos VenturesBessemer Venture PartnersRiverfront Ventures, LLC
The Robotics Factory supports the development of robotics startups in Southwestern Pennsylvania by providing workforce development, resources, and funding through Create, Accelerate, and Scale programs that connect emerging companies to regional manufacturing capabilities.
Advanced ManufacturingDeep TechHardwareRoboticsPittsburgh, US
Kevin Dowling(Managing Director of the Robotics Factory and Hardware)in
BoardAaron Tainter(Director of Accelerators)in
Subtl Beauty sells customizable, compact makeup "staks" that combine a full-face routine — including BB powder, concealer, bronzer, blush, eyeshadow, and lip products — into a single portable compact.
ConsumerDirect to ConsumerE-commercePittsburgh, US
Rachel Reid(Chief Executive Officer)in
Co-investorsRevUp CapitalCult Capital
Villie provides a shareable web page that lets expecting and new parents coordinate support from their community, including requests for gifts, donations, and help with tasks, plus features like multiple baby registries, group updates, and a gender reveal game.
ConsumerFemTechSocial
Melissa Antal Iftimie(Founder)in
Co-investorsStone Mountain VenturesXRCFearless Fund
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
HirekuKextilResilient LifescienceScalable grantsShowClixTesta-Seat
Exits · 1
1 IPOsZhihu (知乎)NYSE: ZH
Portfolio news
latest coverage across their companies
AlphaLab · technical.ly · Sep 9, 2026
Calendly · en.wikipedia.org · Aug 26, 2026
Ilant Health · fiercehealthcare.com · Jul 22, 2026
Honeycomb Credit · technical.ly · May 19, 2025
Duo Oncology · innovation.pitt.edu · Apr 8, 2025
IPO stake values · per SEC filings
Value of this firm's stake in each portfolio company at its IPO price, from the prospectus principal-stockholder table.
| Company | Owned | IPO price | At IPO | Stake value |
|---|---|---|---|---|
| Zhihu (知乎) | 11.2% | $9.50 | Mar 2021 | $299.5M |
Source: SEC S-1 / 424B prospectus filings. Stake value = shares beneficially owned × the initial public offering price, as disclosed — a market value at IPO, not a return multiple (the firm's original cost is not disclosed).
Frequently asked questions
- How many investments has Innovation Works made?
- Innovation Works has 25 tracked investments, 1 of which have exited.
- What stage does Innovation Works invest at?
- Innovation Works invests at the Pre-Seed, Seed, Series A stages.
- What is Innovation Works's typical check size?
- Innovation Works typically writes checks of $100K – $300K.
- What sectors does Innovation Works focus on?
- Innovation Works focuses on Advanced Manufacturing, Biotech, Consumer, Data & Infrastructure, Enterprise Software, Hardware, Medical Devices, Robotics, SaaS, Sector Agnostic.
- Where is Innovation Works located?
- Innovation Works is headquartered in Pittsburgh, US.
- Who does Innovation Works co-invest with?
- Innovation Works most often shares deals with Coatue Management, Gener8tor, ICONIQ, among 18 tracked co-investors.
Media · Podcasts & interviews
featuring the teamFounders on Fire with Ven Raju, CEO of Innovation Works
Tech Trailblazers Startup Podcast · Ven Raju
Images
Co-investors · 21
Bessemer Venture Partners is a global venture capital firm that partners with entrepreneurs across enterprise, consumer, and healthcare sectors from early stages through growth.
Riverfront Ventures is an early-stage venture capital fund based in Pittsburgh that invests in early-growth stage technology companies, serving as the venture capital arm of Innovation Works.
Volition Capital is a Boston-based growth equity firm that invests in founder-owned, high-growth software, technology, and consumer companies, providing minority growth capital to help scale enduring businesses.
Allos Ventures is a Midwest-focused venture capital firm that invests in early-stage B2B software and tech-enabled services companies, drawing on decades of experience to take a hands-on approach.
3 Points Rising is an advisory and investment firm that uses proprietary business analytics developed from 40+ years of experience to help growth-stage companies identify blind spots, derisk operations, and optimize for long-term success.
Crosslink Capital is a San Francisco-based venture capital firm investing in enterprise and consumer technology startups across North America.
Pareto Holdings is an early-stage investment and company-building firm headquartered in the United States that operates globally. It has never raised outside capital and is self-funded by design.
TSV Capital (TSVC), formerly TEEC Angel Fund, is a Silicon Valley seed-stage venture firm that backs technical founders at the earliest stages, having invested in over 200 early-stage companies.
Scribble Ventures is an early-stage venture firm run by product and go-to-market leaders from OpenAI, Meta, Twitter, and a16z, backing AI native founders at the pre-seed and seed stages.
Amazon Web Services (AWS) is Amazon's Seattle-based cloud computing division, offering more than 240 cloud and AI services to customers ranging from startups to large enterprises. Its infrastructure spans over 120 availability zones across dozens of geographic regions worldwide. It is a technology provider rather than an investment firm.
Pfizer Venture Investments is a strategic venture fund that doesn't require product or technology rights as a condition of investing, giving founders independence while still aiming for future collaboration with Pfizer, and its team blends venture investing with business development and drug discovery expertise to back frontier scientific bets—such as neuroscience, in-vivo cell engineering, dark-genome target discovery, and the blockchain-based longevity accelerator VitaDAO—that many biotech investors avoid. The fund also runs an active China strategy through a locally based venture vehicle and direct investments like OTR Therapeutics, and it has become a channel for strategic deals, with portfolio companies acquired by AbbVie, Ipsen, and Gilead/Kite.
Anzu Partners is an investment firm backing breakthrough clean tech, industrial, and life science technologies, working alongside founders through a team of investors, operators, scientists, and engineers.
▶9 more co-investors
LvlUp VenturesOsney CapitalAvoro Capital AdvisorsQuake CapitalMonozukuri VenturesSeaX VenturesGreat North VenturesRincon Venture PartnersDraper Triangle
Firms observed investing alongside Innovation Works, from public investor directories. Shared companies are the overlap with Innovation Works's recorded portfolio.
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