Mountain State Capital

Mountain State Capital is a venture capital firm focused on seed and early-stage investments in technology companies located in the Greater Appalachia region of the United States, which includes West Virginia, Pennsylvania, Ohio, Maryland, Virginia, Kentucky, Tennessee, and North Carolina. Operating as a Small Business Investment Company, the firm typically invests between $250,000 and $500,000 in high-growth companies across various technology and industry sectors. Headquartered in Morgantown, West Virginia, Mountain State Capital also maintains an office in Pittsburgh, Pennsylvania, and aims to provide essential early-stage risk capital to foster innovation and growth in the Appalachian region.

Mike Green

Co-Founder and Managing Director

Matthew Harbaugh

Co-Founder and Managing Director

Past deals in Virginia

InspectionGo

Convertible Note in 2020
InspectionGo is a home inspector company providing a variety of services to help inspection companies. It provides digital exhibition, and back-end services such as accounting, marketing, coaching, and inside sales to home inspectors across the nation. The company was founded in 2019 and is based in Morgantown, WV.

Molecular Biologicals

Convertible Note in 2020
Molecular Biologicals is a biotech company that offers bioactive and prescription-only keratin products for use in the healing of burns, acute and chronic wounds. The company is promoting healing in the field of skin and wound care through the benefits of keratin protein and peptide treatment. Their mission is to explore the therapeutic benefits of the keratin molecule as it is the foundation of organic tissue repair and provide their products to those who are in greatest need. Molecular Biologicals was founded in 2015 and is based in Charlottesville, VA.

Lizard Tail

Seed Round in 2019
Lizard Tail is an accessories company that sells and manufactures quality belts constructed from climbing rope. The company's LT SOLO provides optimum comfort by giving the right fit instead of a tight fit. Its patent-pending buckle makes the SOLO easy on, easy off, and easy to adjust. Lizard Tail founded in 2019 by Justin and Ephraim in Morgantown, WV.

Valtari Bio

Seed Round in 2019
Advancing the treatment of stroke and stroke detection, through the development of next-generation precision diagnostics and therapeutics.