Mountain State Capital

Mountain State Capital is a venture capital firm founded in 2018 and based in Morgantown, West Virginia, with an additional office in Pittsburgh, Pennsylvania. The firm specializes in seed and early-stage investments, focusing on technology companies in the Greater Appalachia region, which includes West Virginia, Pennsylvania, Ohio, Maryland, Virginia, Kentucky, Tennessee, and North Carolina. Mountain State Capital typically invests between $250,000 and $500,000 in high-growth companies across various technology and industry sectors, providing essential early-stage risk capital to support their development.

Harbaugh, Matt

Managing Director

Past deals in Pennsylvania

Gridwise

Series A in 2022
Gridwise, Inc. develops and operates a mobile application designed for rideshare and delivery drivers, enabling them to enhance their earnings and manage their business operations efficiently. Launched in 2016 and based in Pittsburgh, Pennsylvania, the Gridwise app offers a range of features, including real-time alerts on traffic, weather, and local events, as well as tools for tracking mileage and analyzing earnings. The application also helps users prepare detailed tax reports and calculate deductions, thereby facilitating better financial management. With its focus on providing demand insights and performance tracking, Gridwise serves hundreds of thousands of gig economy drivers across the United States, offering a comprehensive platform to support their unique business needs.

Arieca

Series A in 2022
Arieca LLC, established in 2018 and based in Pittsburgh, Pennsylvania, specializes in the development and distribution of Thubber, a thermally conductive rubber composite. This innovative material merges the elasticity of soft silicone rubber with the thermal conductivity of metal, making it suitable for applications such as circuit wiring, sensors, and passive heat exchangers. Arieca's product addresses heat management challenges in various industries, enabling manufacturers to utilize an alternative rubber solution that enhances electronic performance while ensuring safe interaction with human users.

Arieca

Convertible Note in 2021
Arieca LLC, established in 2018 and based in Pittsburgh, Pennsylvania, specializes in the development and distribution of Thubber, a thermally conductive rubber composite. This innovative material merges the elasticity of soft silicone rubber with the thermal conductivity of metal, making it suitable for applications such as circuit wiring, sensors, and passive heat exchangers. Arieca's product addresses heat management challenges in various industries, enabling manufacturers to utilize an alternative rubber solution that enhances electronic performance while ensuring safe interaction with human users.

UpContent

Convertible Note in 2021
UpContent, LLC is a technology company based in Pittsburgh, Pennsylvania, that specializes in content discovery solutions. Founded in 2015, it offers a software-as-a-service (SaaS) platform designed to enhance digital content curation for brands and improve audience engagement. The platform automates the process of discovering relevant news and blog articles, integrating with tools like Hootsuite and Buffer. Its features include the UpContent Gallery, which enables users to curate content, develop custom calls-to-action, and implement retargeting strategies to capture audience traffic. UpContent aims to simplify the search for quality content, empowering marketing, sales, and human resource teams to effectively share insights and foster meaningful conversations within their communities.

Meter Feeder

Convertible Note in 2020
Meter Feeder, Inc. is a company that offers affordable payment and enforcement solutions tailored for small to mid-sized governments. Founded in 2014 and based in Braddock, Pennsylvania, Meter Feeder has developed an application that allows users to locate and pay for parking through their mobile devices. This system integrates seamlessly with existing infrastructure, eliminating the need for new meters or kiosks, which encourages more users to opt for electronic payments. Additionally, Meter Feeder provides Meter Reader enforcement kits, which consist of a lightweight Android tablet and a Bluetooth printer, enabling parking enforcement officers to verify payments and issue citations when necessary. The company's goal is to enhance parking management efficiency while making the process more user-friendly for customers.

Aspinity

Series A in 2020
Aspinity, Inc. is a company based in Pittsburgh, Pennsylvania, that specializes in manufacturing reconfigurable analog modular processor (RAMP) chips designed for ultra-low-power electronics. These chips utilize neuromorphic all-analog integrated circuit technology to analyze raw, unstructured analog sensor data, identifying significant events while filtering out background noise before the data is digitized. By focusing on early cues, Aspinity's RAMP chips significantly reduce the need for higher power processing, optimizing power consumption in always-on, battery-operated sensing devices. This technology is applicable across various markets, including consumer, industrial, and biomedical sectors, enhancing functionalities such as voice activation, industrial machine health monitoring, and wearable health monitoring. Aspinity was incorporated in 2012 and aims to revolutionize the architecture of sensing devices through innovative power and data management solutions.

PECA Labs

Series A in 2020
PECA Labs is a Carnegie Mellon and UPMC spin-off dedicated to bringing better medical devices to orphan populations, with an initial focus on the pediatric cardiovascular system. Our first product, the MASA Valve, is a novel synthetic heart valve for a rare pediatric cardiac reconstructive procedure. The MASA Valve has already received a Humanitarian Use Device (HUD) designation from the FDA, and 70 human implantations of the intra-operatively constructed version have shown improved freedom from re-operation compared to any currently available option. PECA Labs was founded in 2011 and is based in Pittsburgh, Pennsylvania.

Conservation Labs

Convertible Note in 2020
Conservation Labs is an Amazon Alexa Fund portfolio company. We founded Conservation Labs to help you save money and better manage our natural resources. This is our big challenge: there are over 3 trillion gallons of unwanted water use each year in the U.S. alone, costing us $70 billion. With water, a little knowledge goes a long way. H2know helps you save money and improve our water use.

UpContent

Seed Round in 2020
UpContent, LLC is a technology company based in Pittsburgh, Pennsylvania, that specializes in content discovery solutions. Founded in 2015, it offers a software-as-a-service (SaaS) platform designed to enhance digital content curation for brands and improve audience engagement. The platform automates the process of discovering relevant news and blog articles, integrating with tools like Hootsuite and Buffer. Its features include the UpContent Gallery, which enables users to curate content, develop custom calls-to-action, and implement retargeting strategies to capture audience traffic. UpContent aims to simplify the search for quality content, empowering marketing, sales, and human resource teams to effectively share insights and foster meaningful conversations within their communities.

Gridwise

Seed Round in 2020
Gridwise, Inc. develops and operates a mobile application designed for rideshare and delivery drivers, enabling them to enhance their earnings and manage their business operations efficiently. Launched in 2016 and based in Pittsburgh, Pennsylvania, the Gridwise app offers a range of features, including real-time alerts on traffic, weather, and local events, as well as tools for tracking mileage and analyzing earnings. The application also helps users prepare detailed tax reports and calculate deductions, thereby facilitating better financial management. With its focus on providing demand insights and performance tracking, Gridwise serves hundreds of thousands of gig economy drivers across the United States, offering a comprehensive platform to support their unique business needs.

Anglr

Series A in 2020
Anglr is a company dedicated to enhancing the sportfishing experience through a vertical social app and a connected suite of IoT devices. Targeting the $50 billion sportfishing industry, Anglr offers an advanced fishing application that serves as a digital logbook for anglers. This application allows users to track essential details of their fishing trips, such as cast locations, bait used, weather conditions, and catch counts. By recording and reviewing these statistics, users can not only relive their fishing adventures but also improve their skills and share experiences with friends. The Anglr ecosystem combines technology and social interaction to create a comprehensive platform for fishing enthusiasts.

UpContent

Corporate Round in 2019
UpContent, LLC is a technology company based in Pittsburgh, Pennsylvania, that specializes in content discovery solutions. Founded in 2015, it offers a software-as-a-service (SaaS) platform designed to enhance digital content curation for brands and improve audience engagement. The platform automates the process of discovering relevant news and blog articles, integrating with tools like Hootsuite and Buffer. Its features include the UpContent Gallery, which enables users to curate content, develop custom calls-to-action, and implement retargeting strategies to capture audience traffic. UpContent aims to simplify the search for quality content, empowering marketing, sales, and human resource teams to effectively share insights and foster meaningful conversations within their communities.

Conservation Labs

Seed Round in 2019
Conservation Labs is an Amazon Alexa Fund portfolio company. We founded Conservation Labs to help you save money and better manage our natural resources. This is our big challenge: there are over 3 trillion gallons of unwanted water use each year in the U.S. alone, costing us $70 billion. With water, a little knowledge goes a long way. H2know helps you save money and improve our water use.

Coeo Space

Convertible Note in 2019
Coeo Space, LLC offers move-in ready workspaces tailored for a diverse clientele, including entrepreneurs, freelancers, startups, artists, small businesses, and corporate divisions. Founded in 2019 and headquartered in Warrendale, Pennsylvania, the company provides a range of options such as co-working spaces, sublease spaces, and landlord specifications. Coeo Space utilizes advanced data technology and algorithms to efficiently match users with suitable workspaces based on factors like team size, budget, and desired amenities. The platform features listings, search capabilities, scheduling, verification, reviews, and live chat support, enhancing the user experience. Operating in over 188 markets across the United States, Coeo Space is also a participant in the National Association of Realtors' inaugural REach Commercial Accelerator Program.

Anglr

Series A in 2019
Anglr is a company dedicated to enhancing the sportfishing experience through a vertical social app and a connected suite of IoT devices. Targeting the $50 billion sportfishing industry, Anglr offers an advanced fishing application that serves as a digital logbook for anglers. This application allows users to track essential details of their fishing trips, such as cast locations, bait used, weather conditions, and catch counts. By recording and reviewing these statistics, users can not only relive their fishing adventures but also improve their skills and share experiences with friends. The Anglr ecosystem combines technology and social interaction to create a comprehensive platform for fishing enthusiasts.

Gridwise

Seed Round in 2019
Gridwise, Inc. develops and operates a mobile application designed for rideshare and delivery drivers, enabling them to enhance their earnings and manage their business operations efficiently. Launched in 2016 and based in Pittsburgh, Pennsylvania, the Gridwise app offers a range of features, including real-time alerts on traffic, weather, and local events, as well as tools for tracking mileage and analyzing earnings. The application also helps users prepare detailed tax reports and calculate deductions, thereby facilitating better financial management. With its focus on providing demand insights and performance tracking, Gridwise serves hundreds of thousands of gig economy drivers across the United States, offering a comprehensive platform to support their unique business needs.

Aspinity

Seed Round in 2019
Aspinity, Inc. is a company based in Pittsburgh, Pennsylvania, that specializes in manufacturing reconfigurable analog modular processor (RAMP) chips designed for ultra-low-power electronics. These chips utilize neuromorphic all-analog integrated circuit technology to analyze raw, unstructured analog sensor data, identifying significant events while filtering out background noise before the data is digitized. By focusing on early cues, Aspinity's RAMP chips significantly reduce the need for higher power processing, optimizing power consumption in always-on, battery-operated sensing devices. This technology is applicable across various markets, including consumer, industrial, and biomedical sectors, enhancing functionalities such as voice activation, industrial machine health monitoring, and wearable health monitoring. Aspinity was incorporated in 2012 and aims to revolutionize the architecture of sensing devices through innovative power and data management solutions.

PECA Labs

Series A in 2019
PECA Labs is a Carnegie Mellon and UPMC spin-off dedicated to bringing better medical devices to orphan populations, with an initial focus on the pediatric cardiovascular system. Our first product, the MASA Valve, is a novel synthetic heart valve for a rare pediatric cardiac reconstructive procedure. The MASA Valve has already received a Humanitarian Use Device (HUD) designation from the FDA, and 70 human implantations of the intra-operatively constructed version have shown improved freedom from re-operation compared to any currently available option. PECA Labs was founded in 2011 and is based in Pittsburgh, Pennsylvania.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.