When you're building a startup and pitching to investors, it's always good to know who they are and what they're looking for. In this post, I'll tell you about the top 10 venture capital investors based in Philadelphia area. These investors can be a very helpful for early stage startups that don't have much traction yet.
Top Venture Capital Firms in Philadelphia
1. Dreamit Ventures
Dreamit is a leading venture fund focused on startups with revenue or pilots that are ready to scale. Dreamit specializes in startups building transformative companies in Health tech and Secure tech. Founders meet with dozens of potential customers and partners on Customer Sprints® and pitch leading venture firms during Investor Sprints®. Since its founding in 2008, Dreamit has partnered and helped grow over 320 startups, including Level Up (acquired by GrubHub), Trendkite (acquired by Cision), SeatGeek, HouseParty (acquired by Epic Games), Elevate, Adaptly (acquired by Accenture), Wellth, Biomeme, Tissue Analytics (acquired by Net Health), Redox, Eko Devices, NestEgg, Cherre, Cylera, RaySecur, SpecTrust, and Cloud Defense. Founders meet with dozens of potential customers and partners on multi-city Customer Sprints, pitch leading venture firms during Investor Sprints, receive hands-on coaching, and gain access to a vast network of experienced alumni and advisors. Since its founding in 2007, Dreamit has accelerated over 320 startups, including LevelUp (acquired by GrubHub), Trendkite (acquired by Cision), SeatGeek, HouseParty (acquired by Epic Games), Adaptly (acquired by Accenture), Wellth, Biomeme, Tissue Analytics, Redox, Eko Devices, Raxar, Cylera and Elevate.
Total fund size: $55M
Dreamit Ventures's most notable exits include Osmosis, LevelUp, and Houseparty.
2. Dorm Room Fund
Dorm Room Fund is the strongest community of entrepreneurial students in the nation. Built by students and powered by First Round, we provide founders with a strong network of investors, world-class mentors, and a $20,000 check.
Total fund size: $10M
Dorm Room Fund's most notable exits include Spyce, Young Alfred, and Karuna Health.
3. Genacast Ventures
Genacast Ventures is a seed fund that invests up to $1 million in B2B startups in the northeastern US. Genacast was formed as a partnership between Comcast Interactive Capital and Gil Beyda.
Genacast Ventures's most notable exits include Rocketrip, DoubleVerify, and Jornaya.
4. Robin Hood Ventures
Robin Hood Ventures is a group of angel investors, focused on early-stage, high-growth companies in the Greater Philadelphia region. We help entrepreneurs build great companies, providing capital, mentoring, expertise and connections to help companies reach their potential. Robin Hood generally invests $250k to $500k, and collaborates with angels, institutions and VCs in our network. We invest as a single entity in businesses we know and understand, in a way that gets deals done. Since 1999, we have invested in over 45 companies in industries including software, medical devices, biotech, internet and financial technology.
Robin Hood Ventures's most notable exits include Sidecar, LoanLogics, and Immunome.
5. First Round Capital
First Round is a seed-stage venture firm focused on building a vibrant community of technology entrepreneurs and companies, including Uber, Square, and Warby Parker. Through custom-built software, incredible in-person experiences, and a host of other unique services, First Round helps tiny companies get big while constantly reimagining the role of venture capital. It offers a growing number of services and products to help founders build companies from scratch.
First Round has adopted the Diversity Term Sheet Rider.
Total fund size: $738M
First Round Capital's most notable exits include Uber, Ring, and Planet.
6. Osage Venture Partners
Osage Venture Partners (OVP) invests in early stage, business-to-business (B2B) software companies headquartered on the East Coast from its offices just outside of Philadelphia, PA. With over $175M under management, OVP seeks to invest in determined and creative entrepreneurs and provide them with the assistance required to build high growth businesses.
Total fund size: $331M
Osage Venture Partners's most notable exits include InstaMed, Sidecar, and GoCanvas.
7. SRI Capital
SRI Capital is an early stage venture capital firm focused on funding innovative startups primarily in India and the US. We will also consider global startups that are looking to enter the Indian consumer market.
Our three main areas of interest are: (1) Enterprise software and deep tech: We are interested in Indian/US startups developing applications and technology for sale to the US enterprise and/or SME market, preferably in a subscription model with built-in scalability for rapid growth. We like capital efficient product development teams, led by technology founders, serving niche market segments. (2) Indian consumer market: Indian startups that are looking to capitalize on the Digital India story to bring innovative products and services to middle income Indian consumers are interesting to us. We especially like startups that fully leverage India Stack. (3) Cross-border innovation to serve the Indian consumer market: We realize that there is terrific IP and tech in the Nordics, Israel, and elsewhere. Given our deep ties to India and our networks there, we would love to fund startups that are well positioned to serve the Indian consumer market.
We are usually the first institutional investor in a company. We invest between $500,000 and $1,000,000 for a meaningful minority interest and are happy to lead the round. We are active investors, providing support to the founders beyond just a board role. We may provide additional capital as a bridge or as a part of Series A, capping our investment in any one company at $5,000,000.
Total fund size: $45M
SRI Capital's most notable exits include Sidecar, FITSO, and BuildSafe.
MissionOG partners with high-growth businesses that have proven models in segments where we have had success as operators and investors, including financial services and payments, data platforms, and software.
To help accelerate our partner companies, we invest financial capital and leverage a broad network of industry experts.
Headquartered inPhiladelphia, MissionOG is led by a team that has effectively built and scaled companies through their various stages of growth to successful acquisitions.
Total fund size: $307M
MissionOG's most notable exits include Katapult, Bento for Business, and Solovis.
9. Rittenhouse Ventures
Rittenhouse Ventures is a Philadelphia-based early-stage venture fund that invests in capital-efficient emerging technology companies across Pennsylvania and the Mid-Atlantic region. Rittenhouse invests in small (generally $1 to $3 million) financing rounds of early-stage information technology companies that utilize emerging technologies to create compelling business opportunities. While the Fund invests across the information technology spectrum, it has a primary vertical focus on Healthcare Information Technology and Pharmaceutical IT. It also invests in Technology-Enabled Services companies focused on other verticals including Financial Services Information Technology and Outsourced Business Services.
Total fund size: $33M
Rittenhouse Ventures's most notable exits include Tabula Rasa Healthcare (formerly CareKinesis), HRsoft, and ConveyIQ.
NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages over $2.0 billion across four distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Having invested in over 150companies, NewSpring brings a wealth of knowledge, experience, and resources to take growing companies to the next level and beyond. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries.
Total fund size: $195M
NewSpring's most notable exits include Vacasa, Innovid, and Mobiquity.