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AlphaLab Health

North America, Pennsylvania, United States, Pittsburgh

Description

AlphaLab Health is a prominent healthcare and life sciences accelerator based in Pittsburgh, Pennsylvania. It operates as a unique joint venture between Innovation Works, a leading seed-stage investor in the region, and UPMC Enterprises, the venture arm of the University of Pittsburgh Medical Center. This strategic partnership leverages Innovation Works' extensive experience in accelerator programming and early-stage company development with UPMC's vast clinical resources, market access, and deep industry knowledge. The accelerator's primary mission is to accelerate the scientific, clinical, and market validation for nascent healthcare and life science technology companies, aiming to bring innovative solutions to market faster.

The program targets early-stage startups that are developing innovative solutions across various healthcare domains, including digital health, medical devices, diagnostics, and therapeutics. Companies accepted into the AlphaLab Health program receive a standardized seed investment of $100,000. Beyond capital, participants benefit from intensive, individualized programming, mentorship from industry experts, and unparalleled access to UPMC's clinical environment and research facilities. This access allows startups to conduct pilot studies, gather clinical data, and validate their technologies within a real-world healthcare system, significantly de-risking their development process.

AlphaLab Health's value proposition lies in its ability to provide critical resources and strategic guidance, preparing companies for subsequent larger funding rounds and successful market entry. The accelerator's cohorts are typically small, often supporting around 5-7 companies per cycle, allowing for highly personalized support. Since its inception, AlphaLab Health has played a significant role in fostering Pittsburgh's growing health tech ecosystem, attracting and nurturing promising startups. The program's unique structure, combining accelerator expertise with a major healthcare system's resources, positions it as a vital launchpad for healthcare innovation, leveraging the extensive network and potential for follow-on investment from both Innovation Works and UPMC Enterprises.

Investor Profile

AlphaLab Health has backed more than 21 startups, with 0 new investments in the last 12 months alone. The firm has led 10 rounds, about 48% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Pre Seed, Seed rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Health Care, Medical Device, Medical.
  • Typical check size: $100K.

Stage Focus

  • Pre Seed (57%)
  • Seed (43%)

Country Focus

  • United States (100%)

Industry Focus

  • Health Care
  • Medical Device
  • Medical
  • Health Diagnostics
  • Biotechnology
  • Manufacturing
  • Machine Learning
  • Pharmaceutical
  • Life Science
  • Therapeutics
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does AlphaLab Health frequently co-invest with?

StartUp Health
North America, New York, United States, New York
Co-Investments: 1
Innovation Works
North America, Pennsylvania, United States, Pittsburgh
Co-Investments: 20

What are some of recent deals done by AlphaLab Health?

Ilant Health

New York, New York, United States

Ilant Health provides treatment for obesity and weight management.

Health CareHealth Diagnostics
Pre SeedDec 6, 2023
Amount Raised: $100,000
D.Sole

Pittsburgh, Pennsylvania, United States

At-home wearable that can detect and monitor foot complications like ulcers and deformities caused by diabetes.

Health CareMedical DeviceWearables
Pre SeedDec 6, 2023
Amount Raised: $100,000
Resilient Lifescience

Pittsburgh, Pennsylvania, United States

Resilient Lifescience develops a wearable medical device to prevent opioid overdose deaths using naloxone.

Life ScienceTherapeuticsWearables
Pre SeedDec 6, 2023
Amount Raised: $50,000
MetasTx LLC

Basking Ridge, New Jersey, United States

MetasTx is creating treatments that prevent and treat prostate cancer metastasis without affecting the Androgen System.

ManufacturingMedicalPharmaceutical
Pre SeedDec 6, 2023
Amount Raised: $100,000
Testa-Seat

Pittsburgh, Pennsylvania, United States

Testa-Seat is an adjustable seating device for children with special needs that is both innovative and cheap.

FurnitureManufacturing
Pre SeedDec 6, 2023
Amount Raised: $100,000
Magnify Biosciences

Pittsburgh, Pennsylvania, United States

Magnify Biosciences provides a cutting-edge imaging platform as well as a comprehensive array of services.

Biotechnology
Pre SeedDec 6, 2023
Amount Raised: $100,000
InnSight Technology

Champaign, Illinois, United States

InnSight Technology company is a biotechnology company intended to advance diagnostics and evaluation of eye disease.

BiotechnologyHealth Diagnostics
Pre SeedNov 29, 2022
Amount Raised: $100,000
Handl Health

Los Angeles, California, United States

Price transparency platform that helps benefits consultants convert more business, retain clients and execute on savings goals.

Employee BenefitsHealth Care
Pre SeedNov 29, 2022
Amount Raised: $100,000
Expressive Painimation

Pittsburgh, Pennsylvania, United States

Painimation addresses the limitations of current unidimensional pain scales by allowing patients to express their pain using medium.

Health CareHealth DiagnosticsPersonal Health
Pre SeedNov 29, 2022
Amount Raised: $100,000
Advanced Optronics

Pittsburgh, Pennsylvania, United States

Advanced Optronics designs and manufactures implantable sensors for intraoperative monitoring.

Medical DeviceSensor
Pre SeedOct 26, 2022
Amount Raised: $100,000