Mountain State Capital

What is Mountain State Capital?

Mountain State Capital, headquartered at 232 Madison Avenue, Suite 600, New York, New York, 10016, United States, is a venture capital firm that focuses on early stage investments across a wide range of technology and industry sectors, including Software (Web Marketplace SaaS, etc.), IT & TMT, Media, Biotech, Entertainment & Sports, AI & Big Data, Analytics, Local commerce, Medical Devices & Hospital Services, Life Science, and Online Social.

The firm specializes in equity investments, targeting companies at the expansion and early stages of their development.

As a private equity fund, they invest when a company has found its product-market fit and is ready to scale. Their investment approach is particularly selective; software, hardware, and services companies should have a deployed solution to early adopters and demonstrate an understanding of their sales process and market's willingness to pay.

Life science companies should have data validating their solution's efficacy. The firm's initial investments are part of larger Seed rounds, generally between $1 million to $5 million, allowing for at least 18 months of runway. Typical investment sizes range from $200,000 to $500,000, with the provision to participate in follow-on rounds for best-performing companies.

Over the past two decades, Mountain State Capital has invested in a variety of technologies aiming to disrupt billion-dollar markets, preferring to work with teams that have a deep understanding of their competitive sectors. They maintain close communication with their portfolio companies, focusing investments within a 6-hour drive from their offices in Pittsburgh, PA, and Morgantown, WV, aiming at the greater Appalachian region. This includes areas like West Virginia, central & western Pennsylvania, eastern Ohio, eastern Kentucky, western Maryland, western Virginia, western North Carolina, and eastern Tennessee.

The team, led by co-founders and managing directors Mike Green and Matt Harbaugh, boasts a strong track record of operational and investment experience.