Birchmere Ventures logo

Birchmere Ventures

North America, Pennsylvania, United States, Pittsburgh

Description

Birchmere Ventures is a well-established venture capital firm with a dual presence in Pittsburgh and Palo Alto, strategically positioning itself to tap into both emerging and traditional tech ecosystems. Since its founding in 1996, the firm has consistently focused on seed and early-stage opportunities, demonstrating a long-term commitment to nurturing nascent companies. They have successfully raised and deployed capital across five distinct funds, collectively managing over $200 million in assets under management.

The firm's investment strategy is characterized by its focus on providing crucial initial capital to promising startups. Birchmere Ventures typically writes first checks ranging from $500,000 to $3,000,000, primarily targeting Seed and Series A rounds, though they may also participate in select Series B opportunities. This early-stage focus allows them to engage deeply with founders from the ground up, helping to shape foundational strategies and accelerate growth.

Birchmere Ventures prides itself on being more than just a capital provider, offering strategic guidance and operational support to its portfolio companies. Their team leverages extensive industry experience and a broad network to assist entrepreneurs with critical aspects such as talent acquisition, market expansion, and follow-on fundraising. This hands-on approach has contributed to a strong portfolio, which boasts a cumulative market capitalization exceeding $15 billion, underscoring their ability to identify and scale high-impact ventures across diverse sectors, including enterprise software, healthcare IT, and fintech.

Investor Profile

Birchmere Ventures has backed more than 121 startups, with 1 new investments in the last 12 months alone. The firm has led 26 rounds, about 21% of its total and boasts 38 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Canada.
  • Strong thematic focus on Health Care, Software, Biotechnology.
  • Typical check size: $500K – $3M.

Stage Focus

  • Seed (27%)
  • Series Unknown (21%)
  • Series B (20%)
  • Series A (16%)
  • Series C (7%)
  • Series D (2%)
  • Private Equity (2%)
  • Pre Seed (2%)
  • Series F (2%)
  • Debt Financing (1%)

Country Focus

  • United States (93%)
  • Canada (7%)

Industry Focus

  • Health Care
  • Software
  • Biotechnology
  • Internet
  • Therapeutics
  • Saas
  • Medical Device
  • Mobile
  • Education
  • Pharmaceutical
circle-line
FAQ

Frequently Asked Questions

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

Who does Birchmere Ventures frequently co-invest with?

Techstars
North America, Colorado, United States, Boulder
Co-Investments: 5
Adams Capital Management
North America, Pennsylvania, United States, Sewickley
Co-Investments: 5
Bay City Capital
North America, California, United States, San Francisco
Co-Investments: 7
Wavemaker Partners
Asia, Central Region, Singapore, Singapore
Co-Investments: 5
Firelake Capital Management
North America, California, United States, Palo Alto
Co-Investments: 5
Salesforce Ventures
North America, California, United States, San Francisco
Co-Investments: 5
Innovation Works
North America, Pennsylvania, United States, Pittsburgh
Co-Investments: 7
Quaker BioVentures
North America, Pennsylvania, United States, Philadelphia
Co-Investments: 5
Riverfront Ventures
North America, Pennsylvania, United States, Pittsburgh
Co-Investments: 6
Draper Triangle
North America, Pennsylvania, United States, Pittsburgh
Co-Investments: 15

Which angels does Birchmere Ventures often collaborate with?

TB
North America, California, United States, San Francisco
Shared Deals: 1
ZC
North America, California, United States, San Francisco
Shared Deals: 1
JL
North America, California, United States, San Francisco
Shared Deals: 1
KS
North America, New York, United States, New York
Shared Deals: 1
JR
North America, Vermont, United States, Burlington
Shared Deals: 1
GN
North America, Illinois, United States, Chicago
Shared Deals: 1
Philip A. Cutler
North America, Quebec, Canada, Montréal
Shared Deals: 2
TC
North America, California, United States, San Francisco
Shared Deals: 1
AA
North America, Oregon, United States, Lake Oswego
Shared Deals: 1
MC
North America, Texas, United States, Dallas
Shared Deals: 2

What are some of recent deals done by Birchmere Ventures?

Healthie

New York, New York, United States

Healthie offers infrastructure for next gen digital health companies that offer virtual-first care. API-First EHR & Client Engagement.

Electronic Health Record (EHR)Enterprise SoftwareHealth CareNutritionSoftwareWellness
Series BOct 15, 2024
Amount Raised: $23,000,000
Aspinity

Pittsburgh, Pennsylvania, United States

Aspinity offers neuromorphic all-analog integrated circuit technology that can replicate the functionality of digital signal processors.

BatteryEnergy StorageIndustrialSemiconductor
Series BSep 19, 2023
Amount Raised: $5,000,000
iRestify

Toronto, Ontario, Canada

iRestify is an enterprise-level facilities management platform that empowers property managers to run their operations.

Internet
SeedMar 8, 2022
Amount Raised: $4,654,349
PAPER

Montréal, Quebec, Canada

Paper is an educational support system that provides personalized tutoring accessible to every student.

EdTechEducationTutoring
Series CJun 30, 2021
Amount Raised: $100,000,000
Idelic

Pittsburgh, Pennsylvania, United States

Idelic is a driver management platform designed to consolidate fleet data systems and automate compliance processes.

Enterprise SoftwareFleet ManagementManagement Information SystemsTransportation
Series BMar 26, 2021
Amount Raised: $20,000,000
Edu101

New York, New York, United States

Edu101 builds mobile-first teaching and assessment tools specifically for college STEM courses.

E-LearningEdTechSTEM Education
Series ADec 18, 2020
Amount Raised: $4,600,000
PAPER

Montréal, Quebec, Canada

Paper is an educational support system that provides personalized tutoring accessible to every student.

EdTechEducationTutoring
Series BDec 15, 2020
Amount Raised: $11,000,000
Aspinity

Pittsburgh, Pennsylvania, United States

Aspinity offers neuromorphic all-analog integrated circuit technology that can replicate the functionality of digital signal processors.

BatteryEnergy StorageIndustrialSemiconductor
Series ASep 2, 2020
Amount Raised: $5,300,000
iRestify

Toronto, Ontario, Canada

iRestify is an enterprise-level facilities management platform that empowers property managers to run their operations.

Internet
SeedAug 11, 2020
Amount Raised: $2,400,000
Sleeper

San Mateo, California, United States

Sleeper is a sports platform intended for fantasy leagues and eSports.

eSportsFantasy SportsMessagingMobileSports
Series BMay 12, 2020
Amount Raised: $20,000,000