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Mountain State Capital
AddedFeb 15, 2024
UpdatedJun 28, 2026
Mountain State Capital

Mountain State Capital

Operating

Mountain State Capital: A venture capital firm investing in early-stage, high-growth companies across sectors.

Location
Pittsburgh, PA, US
Founded
2018
Firm
Compare
Portfolio
Employees
Website

Mountain State Capital is a venture capital firm investing in early-stage, high-growth companies across various technology and industry sectors. They focus on seed and Series A rounds, targeting companies that have achieved product-market fit and are ready to scale. Their investment range extends from seed to Series B, demonstrating flexibility in deal sizes and stages.

The firm's diverse portfolio includes notable companies such as AmeriCann, Aspinity, and Gridwise. Mountain State Capital's investment approach emphasizes companies with deployed solutions and demonstrated market traction. For life sciences investments, they look for validated efficacy data and a clear understanding of the development pathway.

Mountain State Capital - Portfolio Snapshot

Portfolio activity breakdown across disclosed investments and stages

Total Investments27
Current Portfolio Count15
Total Portfolio Exits0

Top Investment Stages

Seed10 (37.0%)
Series A8 (29.6%)
Convertible Note7 (25.9%)
Series B1 (3.7%)
Series Unknown1 (3.7%)

Stage Mix

Seed 37%Series A 30%Convertible Note 26%Series B 4%Series Unknown 4%

Concentration shown as share of disclosed investments by stage.

Recent Investments

Avisi Technologies logo

Avisi Technologies

Aspinity logo

Aspinity

InspectionGo logo

InspectionGo

Gridwise logo

Gridwise

Arieca logo

Arieca

Caira Surgical logo

Caira Surgical

UpContent logo

UpContent

Meter Feeder logo

Meter Feeder

FluidForm logo

FluidForm

Peca Labs logo

Peca Labs

Conservation Labs logo

Conservation Labs

Angler Labs logo

Angler Labs

Coeo Space logo

Coeo Space

Valtari Bio logo

Valtari Bio

AmeriCann logo

AmeriCann

Mountain State Capital - Classification

NAICS
  • 520000Finance and Insurance
  • 523000Securities, Commodity Contracts, and Other Financial Investments and Related Activities
  • 523900Other Financial Investment Activities
  • 523990All Other Financial Investment Activities
  • 523999Miscellaneous Financial Investment Activities
SIC
  • 6700Holding And Other Investment Offices
  • 6790Miscellaneous Investing
  • 6799Investors, Not Elsewhere Classified
Show 6 more industry codes
NAICS
  • 525000Funds, Trusts, and Other Financial Vehicles
  • 523910Miscellaneous Intermediation
  • 523940Portfolio Management and Investment Advice
SIC
  • 6000Depository Institutions
  • 6720Investment Offices
  • 6722Management Investment Offices, Open-end