Innovation Works Overview
- Investor Type
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Venture Capital
- Status
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Active
- Professionals
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6
- Investments
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671
- Portfolio
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231
- Exits
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206
Innovation Works General Information
Company Description
Founded in 1999, Innovation Works is a venture capital investment firm based in Pittsburgh, Pennsylvania. The firm seeks to invest in robotics, artificial intelligence, medical devices, retail technologies, and enterprise software.
Business Details
Website
www.innovationworks.orgYear Founded
Investor Status
Primary Investor Type
Other Investor Types
Corporate Office
- Nova Tower 2, Two Allegheny Center
- Suite 100
- Pittsburgh, PA 15212
- United States
Innovation Works Investments & Acquisitions (671)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Company Stage | Lead Partner |
|---|---|---|---|---|---|---|
| Hummingbird Systems | 17-Mar-2025 | Seed Round | Other Hardware | Generating Revenue | ||
| Peca Labs | 27-Dec-2024 | Therapeutic Devices | Generating Revenue | |||
| Advanced Optronics | 07-Nov-2024 | Surgical Devices | Generating Revenue | |||
| CapSen Robotics | 29-Oct-2024 | Electronic Equipment and Instruments | Generating Revenue | |||
| BlastPoint | 16-Oct-2024 | Business/Productivity Software | Generating Revenue | |||
| Rimsys | 14-Oct-2024 | Other Healthcare Technology Systems | Generating Revenue | |||
| Parcel Health | 04-Oct-2024 | Other Containers and Packaging | Generating Revenue | |||
| Forest Devices | 19-Sep-2024 | Diagnostic Equipment | Generating Revenue | |||
| Revitalize | 19-Sep-2024 | Seed Round | Pharmaceuticals | Generating Revenue | ||
| Gridwise | 14-Aug-2024 | Later Stage VC | Business/Productivity Software | Generating Revenue |
Innovation Works Exits (206)
| Company Name | Exit Date | Exit Type | Exit Size |
|---|---|---|---|
| Sparkwear | 14-Feb-2025 | Out of Business | |
| Miror | 20-Dec-2024 | ||
| Sharp Therapeutics | 12-Dec-2024 | ||
| Realyze Intelligence | 09-Dec-2024 | ||
| ADX Diagnostic Lab | 03-Sep-2024 | ||
| MS2 Array | 01-Aug-2024 | ||
| 4moms | 10-Jul-2024 | ||
| SolePower | 28-Jun-2024 | ||
| Govenda | 20-May-2024 | Buyout/LBO | |
| Finish Robotics | 09-May-2024 | Bankruptcy: Liquidation |
Innovation Works Investments by Industry, Year, and Region
Investments by Industry
Investments by Year
Investments by Region
Innovation Works Co-Investors (240)
| Name | With | Exits | Lead Partner | Series | Industry |
|---|---|---|---|---|---|
| AlphaLab | 9 |
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| AlphaLab Health |
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| Mountain State Capital |
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| AlphaLab Gear |
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| Richard King Mellon Foundation |
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Innovation Works Affiliates
Subsidiaries (1)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Riverfront Ventures | Pittsburgh, PA | 2013 |
Innovation Works FAQs
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What is Innovation Works?
Founded in 1999, Innovation Works is a venture capital investment firm based in Pittsburgh, Pennsylvania.
-
When was Innovation Works founded?
Innovation Works was founded in 1999.
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Where is Innovation Works headquartered?
Innovation Works is headquartered in Pittsburgh, PA.
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What is Innovation Works's total asset value?
Innovation Works has around in total assets under management.
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How many investments has Innovation Works made?
Innovation Works has made 671 investments.
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What has Innovation Works invested in?
Innovation Works has made numerous investments in companies like Hummingbird Systems, Peca Labs, and Advanced Optronics within the Hardware, Therapeutic Devices, and Surgical Devices industries.
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What has Innovation Works invested in recently?
Innovation Works's latest investment was on 17-Mar-2025 in Hummingbird Systems, a company within the Hardware industry.
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