Top 15 Investor Venture Capital Firms in Pennsylvania [2023]

Pennsylvania’s top venture capital firms are located in the key areas of Philadelphia, Pittsburgh, and Harrisburg. These investors invest in start-up companies that have the potential to become world-class leaders. Top VCs help entrepreneurs launch new ventures and provide guidance as they turn their ventures into profitable ventures.

1. Newsprint

Newspring is a venture capital firm based in Philadelphia, Pennsylvania. Newspring invests in early-stage companies in the life sciences, healthcare and technology sectors. The company’s investment focus includes emerging medicines, medical devices and diagnostics, digital health technologies (including mobile health), information technology and personal health services elderly.

Newspring was recognized by CB Insights as one of their Top Venture Capital Firms to Watch list since 2017. Newspring was also ranked #1 on Crain’s list of Crain’s fastest growing private companies with revenues between million and million at 1) Fintech Fintech Group Inc., 2) Blue Bell-Based Life Technologies Inc., 3) Radnor Township-based Excellus Health Plan, 4) West Chester Township Based Innovations Diagnostics Imaging LLC 5) CONSHOHOCKEN TOWNSHIP, based at Zirmed Inc.

2. Ben Franklin Technology Partners of Southeastern Pennsylvania

Ben Franklin Technology Partners of Southeastern Pennsylvania is a seed-stage venture capital firm that invests in high-growth, early-stage companies in the life sciences and technology sectors. The company’s mission is to invest in the most promising entrepreneurs building businesses in the region. Ben Franklin Technology Partners has been successful in identifying these companies and helping them grow into successful companies with national impact in their respective industries.

3. Save the scientists

Safeguard Scientifics is a publicly traded healthcare company. The company was founded in 2005 and specializes in pharmaceuticals and medical devices. Safeguard has a market capitalization of .4 billion.

Safeguard’s portfolio includes Anacor Pharmaceuticals, Alder Biopharmaceuticals and Galderma Laboratories (USA) Inc., among others.

Safeguard is also a joint venture partner with Mitsubishi Tanabe Pharma Corporation to develop and commercialize oncology products.

4. Pennsylvania Life Sciences Greenhouse

The Pennsylvania Life Sciences Greenhouse is a non-profit organization that supports the growth of the life sciences industry in Pennsylvania. He provides financing, business development and strategic advice to life science companies.

Life Sciences Greenhouse offers funding for technology companies, especially those involved in life sciences.

Greenhouse Life Sciences focuses on companies located in the Pittsburgh area, but it also provides financing for companies located outside the region. The organization does not offer loans but rather offers grants and equity investments.

5.GSK

GSK is a leading global health company focused on improving people’s health and well-being. Through its dedication to innovation, GSK has made valuable contributions to the field of medicine and healthcare.

GSK is a research-based pharmaceutical company with a diversified portfolio of prescription drugs, vaccines and consumer healthcare products. The company has an extensive research pipeline that includes numerous late-stage development programs in diabetes, high cholesterol, inflammation/immunology, respiratory diseases including asthma and chronic obstructive pulmonary disease (COPD) , oncology, including HIV/AIDS treatment; multiple sclerosis; rheumatoid arthritis; cardiovascular disease, including hypertension and heart failure; Pain management (non-chronic cancer); Vaccines for infectious diseases such as influenza A (H1N1).

6. Susquehanna International Group (SIG)

Susquehanna International Group (SIG) is a global healthcare and life sciences investment and advisory firm. The company is located in Pennsylvania, with offices across the world, including South America, Europe, Africa and Asia.

The company was founded in 1994 by two former investment bankers at JPMorgan & Company who wanted to focus on venture capital investments in high growth companies in several sectors of the biopharmaceutical industry: biopharma, medtech, medical devices and digital health (diagnostics/therapeutics).

7. Factory

Factory is a Philadelphia, Pennsylvania-based venture capital firm that invests in start-up companies. The company was founded in 2016 by four former executives of Susquehanna International Group (SIG). The company has raised 0 million and invested in over 40 companies.

The company’s investment strategy focuses on finding niche markets where it can achieve a high return on equity (ROE). The plant looks for “markets with high barriers to entry and low transaction costs.” He also looks for opportunities where there is high demand from customers, but limited competition from incumbent brands or service providers.

8. Huntingdon Valley Bank

Huntingdon Valley Bank is Pennsylvania’s largest bank, with over billion in assets and over billion in deposits. They have over 100 branches across Pennsylvania, Ohio, New Jersey, and West Virginia. They are also a member of the Federal Deposit Insurance Corporation (FDIC).

The bank was founded in 1851 and has been operating ever since. They are headquartered in Reading, Pennsylvania with branches throughout Pennsylvania, Ohio, New Jersey, and West Virginia.

9. Susquehanna Growth Equity

As a private equity firm, Susquehanna Growth Equity provides equity financing to companies with established operations and revenues. The firm typically invests in companies that have reached the Series B stage, with a focus on enterprise software, cybersecurity and data analytics.

The investment size of this fund ranges from million to 0 million.

Susquehanna Growth Equity’s investment strategy is designed to help portfolio companies achieve long-term success by identifying potential market opportunities and partnering with management teams to execute strategic initiatives. The company’s typical investment timeline is four years or more; However, the duration of each transaction may vary depending on the needs of the two parties involved in each transaction.

Susquehanna Growth Equity seeks to partner with management teams at all stages of growth, whether your company has been around for decades or just launched its first product – and they welcome entrepreneurs from all industries ready to their next stage of growth!

10. Carnegie Foundry

Carnegie Foundry is a venture capital firm that invests in early-stage technology companies in the Philadelphia area. Carnegie Foundry provides seed funding, strategic advice and access to a network of experts in the life sciences, technology and business communities.

Carnegie Foundry was founded by Bob Schuchman, former president of Temple University’s Fox School of Business; Mark Ein is also an active investor in high-tech startups as Founder/CEO of the Democracy Fund.

11. LLR Partners

LLR Partners, founded in 1999, is a venture capital firm that invests in early-stage technology companies. LLR Partners has invested in several companies including AppNexus, Glu Mobile and Jive Software.

The firm currently has billion under management between its three funds: the LLR Partners Fund I LP; The LLR Partners Fund II LP; and the LLR Accelerator Fund I LLC.

The company has offices in New York, Dallas and Palo Alto. LLR Partners was founded in 1999 by partners David Lee, Bill Aulet and John Lilly.

12. Dormitory

The Dorm Fund is an early-stage venture capital fund that invests in companies like Dropbox and Mint. They are a seed stage fund, which means they invest in startups before raising funds from other sources.

The Dorm Room Fund focuses on investing in startups with strong teams and ideas that can scale quickly. They also look for opportunities in the market, which means they invest in companies that have something unique or innovative to offer consumers or businesses.

13. Capital of Seventysix

Seventysix Capital is a venture capital firm headquartered in Philadelphia. The company was founded in 2008 and currently has a focus on healthcare, software and consumer products. Seventysix Capital specializes in investing in early-stage companies across the country.

The firm has invested over billion in over 100 companies in its history, with a portfolio of over 50 companies at any given time.

14. OUP (Osage University Partners)

OUP (Osage University Partners) is a venture capital firm that invests in early-stage healthcare companies. OUP is based in Philadelphia, Pennsylvania and has invested in over 70 companies in a variety of industries. Some of the notable companies that OUP has invested in include DocuSign, DraftKings, and Avant.

In 2019 alone, OUP was ranked among the top 10 VC companies by CB Insights for total deal volume and average deal size. In 2018, they were ranked among the top 5 VCs by Forbes magazine for innovation and impact among healthcare startups as part of its portfolio management.

15. Missionogue

Missionog is a venture capital firm that invests in early-stage companies in the life sciences, healthcare and technology industries. The company was founded in 2018 and has invested in over 100 companies since its founding.

The company is headquartered in San Francisco, California. The company is led by its partners: Chris Douvos, Jay Leventhal and Jeff Kephart.

Conclusion

We hope we’ve given you a better idea of the types of companies investing in Pennsylvania, and which one might be right for your business. Remember, there is no one VC company! Venture capital funding is still a very small part of economics, so be sure to do your research thoroughly before deciding who to approach.

There are many factors involved in choosing an investor, including size and resources (including number of portfolio companies), investment (venture capital or equity), style (transactional vs transformational) , background/experience level (General Partner vs Executive Director) as well as location.

Hopefully these questions help guide your decision-making process as well! Good hunt!