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412 Venture Fund LP is a venture capital organization founded by a network of entrepreneurs with strong ties to the Pittsburgh region. Established to reshape the venture capital ecosystem, the fund emphasizes support for startups that demonstrate potential for economic success and social change. The organization particularly focuses on underrepresented founders, integrating diversity, inclusion, mentoring, and community development into its investment strategy.
Currently, 412 Venture Fund manages a portfolio of 30 companies and operates primarily in the United States. The fund typically invests between $250,000 and $2,000,000 in seed and Series A stages. Its office is located in Pittsburgh, Pennsylvania, a city known for its rich history in technology and innovation, particularly through its connections to Carnegie Mellon University and the University of Pittsburgh.
Notable milestones include establishing a reputation as one of the most active seed funds in the Pittsburgh corridor, with a commitment to fostering economic growth through technology and innovation.
412 Venture Fund LP invests in technology and technology-enabled companies, with a strong emphasis on sectors such as autonomy, robotics, artificial intelligence (AI), fintech, advanced materials, and healthcare IT. The fund targets companies that have already delivered products to customers and are seeking to expand their customer base. Investments typically range from $250,000 to $2,000,000, allowing the fund to lead, co-lead, or follow in investment rounds.
The organization seeks to support companies across the United States, particularly those with connections to Pittsburgh or that can leverage its extensive network. The fund's investment strategy is designed to promote diversity and inclusion, ensuring that underrepresented founders receive the necessary support to succeed in the competitive technology landscape.
412 Venture Fund LP has a diverse portfolio of 30 companies, showcasing its commitment to various sectors. Notable portfolio companies include:
This diverse portfolio reflects the fund's strategy of investing in technology-driven solutions that address significant market needs while supporting underrepresented founders.
Ilana Diamond - Managing Partner. Ilana has extensive experience in venture capital and entrepreneurship, having previously worked with several startups in the Pittsburgh area.
Andrew Rabin - General Partner and Cofounder. Andrew has a background in technology investments and has led numerous successful funding rounds.
Evan Segal - General Partner and Cofounder. Evan specializes in early-stage investments and has a strong track record in supporting technology startups.
Lloyd Myers - General Partner and Cofounder. Lloyd brings expertise in operational management and has worked with various tech companies to drive growth.
Lauren Williams - Principal. Lauren focuses on sourcing new investment opportunities and supporting portfolio companies in their growth strategies.
To pitch to 412 Venture Fund LP, startups should visit their website at 412venturefund.com. The pitch deck should include a clear overview of the business model, market analysis, competitive landscape, and details about the founding team. The fund prefers to receive pitches through their website and values concise, well-structured presentations.
Response times may vary, but founders can expect to hear back within a few weeks after submitting their pitch. Warm introductions are beneficial but not strictly necessary.
In recent months, 412 Venture Fund LP has continued to expand its portfolio, adding several new companies focused on technology and innovation. The fund remains active in the Pittsburgh region, seeking to identify promising startups that align with its investment strategy.
Notable recent investments include companies in the AI and healthcare sectors, reflecting the fund's commitment to supporting underrepresented founders and driving economic growth through technology.
What are the investment criteria for 412 Venture Fund LP?
The fund focuses on technology and technology-enabled companies in sectors such as AI, healthcare, fintech, robotics, and advanced materials. They typically invest in seed and Series A stages, targeting companies that have already delivered products to customers.
How can startups apply or pitch to 412 Venture Fund LP?
Startups can pitch through the fund's website at 412venturefund.com. It is advisable to include a clear business model, market analysis, and details on the founding team in the pitch deck.
What makes 412 Venture Fund LP different from other venture capital firms?
The fund emphasizes supporting underrepresented founders and incorporates diversity and inclusion into its investment strategy. This focus aims to reshape the venture capital landscape and promote economic success and social change.
What is the geographic scope of 412 Venture Fund LP?
The fund primarily invests in companies across the United States, with a particular interest in those connected to the Pittsburgh region.
What is the typical check size for investments?
412 Venture Fund LP typically invests between $250,000 and $2,000,000 in its portfolio companies.
What kind of post-investment involvement does 412 Venture Fund LP have?
The fund adds value through mentorship, access to its extensive network, and support in navigating the venture capital landscape, particularly for underrepresented founders.
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