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Magarac Venture Partners is an early-stage venture capital firm located in Pittsburgh, Pennsylvania. Founded by former colleagues from Draper Triangle Ventures, the firm focuses on supporting entrepreneurs in the Midwest. They typically manage investments ranging from $500,000 to $5 million.
The firm primarily invests in the technology sector, targeting early-stage companies in cities like Pittsburgh, Columbus, and Detroit. They lead Seed and Series A funding rounds, with initial investments between $500,000 and $5 million. A key aspect of their investment strategy is promoting diversity, with 33% of their portfolio companies having diverse founding teams.
Mike Stubler - Co-founder, previously at Draper Triangle Ventures. Jay Katarincic - Co-founder, also a former colleague at Draper Triangle Ventures. Zach Malone - Co-founder, experienced in early-stage investments. Will Allen - Co-founder, brings expertise in supporting technology startups.
Email hello@magarac.com with your deck to pitch them directly.
Yes, they prefer to lead Seed and Series A funding rounds, providing substantial initial investments.
Specific details on follow-on investments are not provided, but their focus on early-stage companies suggests they may consider additional funding as companies grow.
The exact size of their current fund is not disclosed, but they typically invest between $500,000 and $5 million in initial rounds.
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