Fundraising Fox

Innovation Works

Accelerator

Pittsburgh · Pre-Seed–Series A · 48 people tracked

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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.

Stage
Pre-Seed–Series A
Check
$100K – $300K
HQ
Pittsburgh, Pennsylvania, US
Instruments
Equity · Grants
Founded
1988
Portfolio companies
5

Team · 48 people

from the firm's website & public directories
Bob Starzynski· Chief Business Development Officer and Treasurer
Candice Lutz· Accountantin
Carl Daley· Board Member

EVP, CFO and Treasurer at Highmark Health.

Cindy Franc· Program Assistant – Startable, Communications and Human Resourcesin
David K. Roger· Board Member

President of Hillman Family Foundations.

Deborah Walker· Senior Legal Counselin
Ian Goeke· Salesforce Administratorin
Jimmy Williams Jr.· Board Member

PhD; Senior VP and Chief Technology Officer at ATI.

Karla Karanza· Controller
Kelly Englert· Grant Writerin
Kevin Dowling· Managing Director, Robotics Factory & Hardwarein

Holds a PhD and leads the Robotics Factory and hardware programs.

Kristen Bucci· Executive Assistant/Office Managerin
Linda Murphy· Office & Facilities Managerin
Milan Minott· Accelerator Operations Leadin
Peggy McAdams· Accounting Managerin
Stephen C. Chen· Board Member

General Counsel and Corporate Secretary at Duolingo, Inc.

Steve Welles· Managing Director, Softwarein
Theresa Mayer· Board Member

Vice President for Research at Carnegie Mellon University.

Tom Jones· Board Chair

Board Chair and COO of CapSen Robotics, Inc.

What they invest in

from 4 of 5 portfolio companies

Future of Work ×2SaaS ×2Advanced Manufacturing ×1Data & Infrastructure ×1Enterprise Software ×1Fintech ×1Hardware ×1Robotics ×1

HQs:United States×2

Portfolio companies · 5 tracked

alumni founders can tell you what the program is really like
Exchangelodgeexchangelodge.comin𝕏✓ verified

Exchangelodge provides a data and operations management platform for private capital markets, ingesting, validating, enriching, and delivering data across asset classes.

Data & InfrastructureFintechSaaS

AlphaLabalphalab.org𝕏

AlphaLab is a Pittsburgh-based startup accelerator, operating since 2008, that runs cohort-based programs across software, hardware, life sciences, and robotics tracks.

Future of WorkPittsburgh, US

Calendlycalendly.comin𝕏

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)

Robotics Factoryroboticsfactory.orgin

The Robotics Factory runs create, accelerate, and scale programs that help pre-seed robotics start-ups build production-ready products, offering funding, in-house prototyping, and design assistance.

Advanced ManufacturingHardwareRoboticsPittsburgh, US

Scalable grantsscalableinnovation.org

Portfolio news

latest coverage across their companies

Frequently asked questions

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.

Images

Innovation Works photoInnovation Works photoInnovation Works photoInnovation Works photo

Co-investors · 20

Bessemer Venture Partners

Bessemer Venture Partners is a venture capital firm that partners with entrepreneurs from early stages through every stage of growth, publishing investment roadmaps across multiple technology sectors.

$5M – $100M
Crosslink Capital

Crosslink Capital is a San Francisco-based venture capital firm investing in enterprise and consumer technology startups across North America.

$1M – $9M
Pareto Holdings

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.

$100K – $5M
TSVC

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.

$1M
Scribble Ventures

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.

$750K – $1.5M
Amazon Alexa Fund

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

Pfizer Ventures is the corporate venture arm of Pfizer that invests in life science innovation across oncology, inflammation & immunology, cardiovascular, metabolic/obesity, and vaccines, as well as platform technology companies aligned with Pfizer's strategic focus areas.

$5M – $20M
Riverfront Ventures, LLC

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.

$250K – $1M
Anzu Partners

Anzu Partners is an investment firm backing breakthrough clean tech, industrial, and life science technologies, supported by a team of investors, operators, consultants, scientists, and engineers who work alongside founders.

Volition Capital

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.

$10M – $100M
Allos Ventures

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.

$1M – $6M
8 more co-investors

Osney CapitalAvoro Capital AdvisorsQuake CapitalMonozukuri VenturesSeaX VenturesGreat North VenturesDraper Triangle3 Points Rising Ventures

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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