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White Rose Ventures is a venture capital firm founded in 2020 and based in York, Pennsylvania. The firm focuses on enhancing entrepreneurial-led economic development in South Central Pennsylvania. It collaborates with entrepreneurs, foundations, private investors, and corporate partners to support the growth and sustainability of local businesses. The firm operates with a regional economic development mandate, emphasizing community engagement and collaboration.
As of 2023, White Rose Ventures manages the White Rose Impact Fund, which has a total capital of $12 million. This fund was launched in 2021 and has made investments in 13 startups within Central Pennsylvania. The firm also merged with 1855 Capital to form the Keystone Innovation Fund II, which received significant funding from the Ben Franklin Technology Development Authority and the Shapiro Administration. This merger reflects the firm’s ambition to scale its impact and consolidate regional resources.
White Rose Ventures primarily invests in early-stage tech or tech-enabled businesses located in South Central Pennsylvania. The firm targets companies in sectors such as AI, healthcare, fintech, SaaS, consumer, and commerce. Investment stages include pre-seed, seed, and seed-plus, allowing the firm to engage with startups at various points in their development.
The firm seeks to support companies that aspire to achieve ambitious and sustainable revenue growth. Their investment philosophy emphasizes collaboration and community engagement, aiming to accelerate the growth of portfolio companies through a network-driven approach. White Rose Ventures values partnerships with local entrepreneurs and community stakeholders to enhance the sustainability and scalability of its investments.
White Rose Ventures has a diverse portfolio of 13 companies, showcasing its commitment to supporting innovative businesses in Central Pennsylvania. Notable portfolio companies include:
Martin Fedorko: Managing Partner at White Rose Ventures, Martin has extensive experience in venture capital and entrepreneurship. He has a background in supporting early-stage companies and driving economic development initiatives.
Dustin Betz: Director of Venture Operations, Dustin oversees the operational aspects of the firm, ensuring effective management of portfolio companies and investment processes.
Alexa Born: Partner at White Rose Impact Fund, Alexa focuses on strategic investments and partnerships that align with the firm’s mission of community engagement and sustainable growth.
Alec Galanti: Operations Advisor, Alec provides operational support and strategic guidance to the firm, leveraging his expertise in venture capital and startup ecosystems.
To pitch White Rose Ventures, founders should visit their website at whiteroseventures.com for detailed instructions. The firm prefers pitches that include a clear business model, market analysis, and a demonstration of how the startup aligns with their investment focus on community engagement and sustainable growth.
Founders should be prepared for a response time that may vary based on the volume of applications. Warm introductions through mutual connections in the local entrepreneurial ecosystem can enhance the chances of a successful pitch.
In 2023, White Rose Ventures continues to actively deploy capital into early-stage startups in South Central Pennsylvania. The firm has made investments in 13 companies since launching the White Rose Impact Fund in 2021. The merger with 1855 Capital to form the Keystone Innovation Fund II has positioned the firm for further growth and regional consolidation.
Recent activities include ongoing collaborations with local entrepreneurs and community partners to enhance business growth and sustainability. The firm remains focused on fostering innovation and economic development in the region.
What are the investment criteria for White Rose Ventures?
White Rose Ventures invests in early-stage tech or tech-enabled businesses located in South Central Pennsylvania. They focus on sectors such as AI, healthcare, fintech, SaaS, consumer, and commerce. The firm looks for companies that demonstrate potential for ambitious and sustainable revenue growth.
How can I apply or pitch to White Rose Ventures?
Founders interested in pitching to White Rose Ventures can visit their website at whiteroseventures.com for more information on the application process. They encourage direct engagement through their online platform.
What makes White Rose Ventures different from other venture firms?
White Rose Ventures emphasizes a network-driven approach, collaborating with local entrepreneurs, foundations, private investors, and corporate partners to foster growth. Their focus on community engagement and regional economic development sets them apart from many other venture capital firms.
What is the geographic scope of White Rose Ventures?
The firm primarily invests in South Central Pennsylvania, specifically targeting startups in the York area and broader Central PA region. This geographic focus allows them to leverage local partnerships and resources effectively.
What is the typical fund size and check size for investments?
White Rose Ventures operates the White Rose Impact Fund, which has a total capital of $12 million. The firm invests in early-stage companies, typically providing funding at the pre-seed, seed, and seed-plus stages, although specific check sizes are not publicly detailed.
What kind of post-investment involvement does White Rose Ventures have?
White Rose Ventures actively engages with its portfolio companies through mentorship and support, leveraging its network to provide resources that enhance growth and sustainability. The firm emphasizes collaboration and community engagement to ensure the success of its investments.
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