Innovation Works
VC Fund
Pittsburgh, United States
Innovation Works is a VC fund in Pittsburgh focused on Software and Health Care. For more than 20 years, Innovation Works has played a vital role in Southwestern PA's technology economy, investing capital, business expertise, and other resources into high-potential companies with the greatest likelihood for regional economic impact. IW is the single largest investor in seed-stage companies in the region. They also provideresources for manufacturers to adopt new technologies.
- Total investments:
- 774
- Last investment:
- Lead investor:
- 16%
- Fund size:
- $24M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Innovation Works invests in
Stages Innovation Works invests in
Countries Innovation Works invests in
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 18 contacts → | |||
Investment Focus
Industry
- Software 62 (8%)
- Health Care 49 (6%)
- Information Technology 34 (4%)
- Artificial Intelligence 30 (4%)
- Biotechnology 26 (3%)
Stage
- Seed 201 (26%)
- Pre-Seed 48 (6%)
- Convertible Note 42 (5%)
- Series A 17 (2%)
- Venture - Series Unknown 17 (2%)
Country
- United States 261 (34%)
- China 8 (1%)
- India 1 (0%)
- Canada 1 (0%)
- Ireland 1 (0%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Deborah Walker
Legal Counsel
|
Legal Counsel | Total investments: 0 | Find email | |
Jim Jen
Chief Operating Officer & Managing Director
|
Chief Operating Officer & Managing Director | Total investments: 0 | Find email | |
Larry Miller
Executive in Residence- Life Sciences
|
Executive in Residence- Life Sciences | Total investments: 0 | Find email | |
Megan Kahn Shaw
Managing Director, Life Sciences
|
Managing Director, Life Sciences | Total investments: 4 | Find email | |
Peter Erin
Senior Investment Associate
|
Senior Investment Associate | Total investments: 159 | Find email | |
| See all 18 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Concordare is the first platform for clinical trials that is based only on a digital protocol format, revolutionizing the process of designing and carrying out studies | Venture - Series Unknown / Aug 25, 2026 | ||
| MetaSilicon’s focus on edge computing could make a significant impact in various industries by enabling faster data processing closer to where it’s generated. | $43.2M / Series A / Feb 05, 2026 | ||
| Sustainable medication packaging for the pharmaceutical industry | $1.3M / Seed / Sep 18, 2025 | ||
| Advanced Optronics designs and manufactures implantable sensors for intraoperative monitoring. These sensors provides feedback during surgery to reduce trauma and avoid damage to residual hearing during implantation. | $200K / Seed / Nov 07, 2024 | ||
| Rimsys is a world-leading Regulatory Information Management (RIM) software for medical technology companies. Built by and for regulatory affairs professionals, Rimsys digitizes, automates, and creates regulatory order to ensure products adhere to changing global regulations. It is the only holistic RIM software for medical devices, in-vitrodiagnostics, and medical device software that makes it easy to manage global UDI requirements and navigate the pillars of regulatory affairs, including product registration, standards management, essential principles/GSPR, and regulatory intelligence. | $5M / Venture - Series Unknown / Sep 30, 2024 | ||
| Revitalize Energy is a consumer energy company that helps fight tired eyes and provides a moisturizing effect with the energy needed. Revitalize provides energy instantly on contact to keep moving and improving. With just 1-2 drops in each eye, they feel refreshed and ready to go. | Seed / Sep 19, 2024 | ||
| Forest Devices is developing AlphaStroke, the first stroke screening device designed for use by medical personnel in any environment. A non-invasive, AI-powered device that can identify a stroke before a CT or MRI is available, AlphaStroke will improve patient outcomes by decreasing time to treatment and by increasing the overall frequency thatstroke treatments are provided.Making stroke decisions smarter. | Seed / Sep 19, 2024 | ||
| Hummingbird Systems provides On demand aerial mapping and data analysis of construction sites and agriculture using drones. | Seed / Sep 18, 2024 | ||
| BlastPoint provides big data solutions that help companies optimize revenue growth. Its user-intuitive software platform is customizable, interactive, and stays constantly up to date. It provides services to customers in retail, the utility industry, emerging franchises, and nonprofit organizations.The company was founded in 2016 and isheadquartered in Pittsburgh, Pennsylvania. | Seed / Sep 03, 2024 | ||
| From the shelves of a warehouse to your kitchen sink, the real world is full of clutter. At CapSen Robotics, their goal is to provide a universal 3D computer vision system which enables computers to understand the physical world in all of its cluttered glory.Robots and computer vision systems are slowly making their way out of the factoryand into less structured environments such as hospitals, warehouses, farms, and homes. Although recent advances are quite impressive, these systems are still limited in their ability to understand what they see and must be carefully programmed to get the bare minimum of information out of their sensory data in order to accomplish their assigned tasks.Their goal at CapSen Robotics is to change this—they have developed a suite of computer vision solutions based on new research from MIT on 3D object detection in cluttered scenes. This is a foundational technology that will have broad impact on a wide range of consumer, industrial, and defense markets, from computer gaming and augmented reality to logistics, manufacturing, and robotics. They are beta testing with system integrators like The Proud Company and robotics companies like IAM Robotics on robotic picking applications, and are partnering with a top 5 government contractor on a non-robotic warehouse application for a large Fortune 100 distributor. One of the robots using their object detection software at MIT recently took part in a robotic order fulfillment competition sponsored by Amazon and took 2nd place out of 31 teams. | Seed / Sep 03, 2024 | ||
| See all 774 investments → | |||
Co-Investors
AlphaLab Health
48 deals together
AlphaLab
23 deals together
Quake Capital Partners
19 deals together
AlphaLab Gear
18 deals together
Urban Redevelopment Authority of Pittsburgh
17 deals together
Riverfront Ventures
10 deals together
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FAQ
What does Innovation Works invest in?
Innovation Works invests primarily in Software, Health Care and Information Technology startups, most often at Seed and Pre-Seed stage. Most of the 774 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
How do I contact Innovation Works?
Public channels for Innovation Works include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Innovation Works?
The team at Innovation Works includes Deborah Walker (Legal Counsel), Jim Jen (Chief Operating Officer & Managing Director) and Larry Miller (Executive in Residence- Life Sciences), among 18 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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