Life Sciences Greenhouse Of Pennsylvania

About The Fund

The Life Sciences Greenhouse of Pennsylvania (LSGPA) is an evergreen venture fund focused on strengthening Pennsylvania's life sciences ecosystem and improving global healthcare outcomes. They provide early-stage capital and operational expertise to innovative technologies with the mission to foster company growth, create jobs, and facilitate the future of patient care and Pennsylvania’s economy. LSGPA actively collaborates with local research universities, colleges, medical centers, economic development agencies, and companies both small and large. Their operational model encompasses identifying needs and opportunities, transferring technologies, developing new enterprises, supporting existing businesses' expansion or relocation, and ensuring infrastructure development to sustain a thriving life sciences industry. LSGPA's investment strategy includes bridging the funding gap between pre-seed and Series B investment stages, with typical investments ranging from $250,000 to $500,000. They prioritize young Pennsylvania-based companies engaged in drug discovery, diagnostics, medical devices, healthcare IT solutions, and addressing product-commercialization challenges. LSGPA's approach includes not just funding but also the provision of a curated network for business and scientific support. With $37 million invested in 72 companies and projects, their investments have garnered $736 million in follow-on funding, marketed or developed 152 products, and created or retained 8,500 jobs. Their team comprises experienced scientists and business professionals devoted to understanding and overcoming the challenges faced by early-stage life science companies. LSGPA is recognized for its invaluable contribution to the state's life sciences domain.