What stage does Mountain State Capital invest at?

Mountain State Capital invests at the Seed, Series A stages.

What is Mountain State Capital's typical check size?

Mountain State Capital typically writes checks of $200K – $500K.

Where is Mountain State Capital located?

Mountain State Capital is headquartered in Morgantown, US.

Mountain State Capital

Venture capital

Morgantown · Seed–Series A · 4 people tracked

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Investment thesis

Mountain State Capital invests once a company has achieved product-market fit and is ready to scale, backing software, hardware, services and life sciences teams pursuing ideas capable of disrupting billion-dollar markets. Initial checks of $200,000-$500,000 typically form part of a larger $1M-$5M seed round providing at least 18 months of runway, with capital reserved for follow-on rounds in top performers. The firm focuses geographically on companies within a roughly six-hour drive of its Pittsburgh, PA and Morgantown, WV offices, targeting West Virginia, central and western Pennsylvania, eastern Ohio, eastern Kentucky, western Maryland, western Virginia, western North Carolina and eastern Tennessee.

Invests inBiotech Enterprise Software Media & Entertainment Medical Devices SaaS Sector AgnosticUnited States

Source: firm website, verified Aug 7, 2026.

Stage

Seed–Series A

Check

$200K – $500K

Morgantown, West Virginia, US

Instruments

Equity

Founded

2002

Tracked investments

Team · 4 people

from the firm's website & public directories

Matt Harbaugh· Co-Founder & Managing Director· Pittsburgh, PA

Harbaugh leads the firm's Pittsburgh office and has invested in and advised over 100 private companies. He was previously CEO of a machine-learning software company acquired by Facebook and CIO at seed fund Innovation Works.

m•••@mountainstatecapital.comreveal

Mike Green· Co-Founder & Managing Director· Morgantown, WV

Green leads the firm's Morgantown office and is an experienced early-stage investor and technology executive. He previously ran field operations at LoudCloud and led worldwide sales and marketing at FORE Systems, and began his career as an NSA cryptanalyst.

m•••@mountainstatecapital.comreveal

Dr. Nick Pachuda· Venture Partner

Pachuda leads the firm's life sciences investing and serves as COO of portfolio company Peptilogics. He previously led global external innovation for Johnson & Johnson's orthopedic division and worked at Arthrex, and practiced as a foot and ankle surgeon.

Nick Pachuda· Venture Partner

Leads the firm's life sciences investing and serves as COO of portfolio company Peptilogics. Previously led global external innovation for Johnson & Johnson's orthopedic device division and practiced as a foot & ankle surgeon.

What they invest in

from 2 of 4 portfolio companies

B2B Marketplaces ×1Biotech ×1Data & Infrastructure ×1Future of Work ×1Healthtech ×1Medical Devices ×1SaaS ×1

HQs:United States×3

Investments · 4 tracked

founders shown can be your intro path

Gridwisegridwise.ioin 𝕏

Gridwise provides a platform for gig workers across delivery, rideshare, and courier services to track earnings, understand performance, and access market intelligence across multiple apps.

B2B MarketplacesData & InfrastructureFuture of WorkSaaSPittsburgh, US

Matthew Harbaugh(Director)Brian Finamore(Executive Officer, Director, Promoter)inRyan Green(Executive Officer, Director, Promoter)in

BoardPaul Arnold(Director)

InspectionGoinspectiongo.comin

Announced a $5.5 million Series A and acquisitions of Repair Pricer and HomeBinder.

Tyrone, US

Celeste Starchild(Executive Officer)John Russell(Executive Officer, Director, Promoter)Christian Adams(Executive Officer, Director)Mark Wise(Executive Officer, Director, Promoter)Chad Hett(Director, Promoter)William Russell(Executive Officer, Director, Promoter)

Meter Feeder

Peptilogicspeptilogics.comin 𝕏

Peptilogics is a clinical-stage biotechnology company developing engineered peptide therapeutics, led by zaloganan (PLG0206), an anti-biofilm treatment for medical device-related infections.

BiotechHealthtechMedical DevicesPittsburg, US

Jonathan Steckbeck(Executive Officer, Director)

BoardStephan Dietrich(Director)

Portfolio news

latest coverage across their companies

Caliber Mining’s ₹450 crore IPO opens today; raises ₹135 crore from anchor investors ahead of issue

Gridwise · fortuneindia.com · Jul 17, 2026

Frequently asked questions

What stage does Mountain State Capital invest at?: Mountain State Capital invests at the Seed, Series A stages.
What is Mountain State Capital's typical check size?: Mountain State Capital typically writes checks of $200K – $500K.
What sectors does Mountain State Capital focus on?: Mountain State Capital focuses on Biotech, Enterprise Software, Media & Entertainment, Medical Devices, SaaS, Sector Agnostic.
Where is Mountain State Capital located?: Mountain State Capital is headquartered in Morgantown, US.

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