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Idea Foundry

North America, Pennsylvania, United States, Pittsburgh

Description

Idea Foundry invests in early stage tech-enabled startups with outsized societal impact.

Investor Profile

Idea Foundry has made 71 investments, with 1 in the past 12 months and 1% as lead.

Stage Focus

  • Convertible Note (86%)
  • Debt Financing (3%)
  • Pre Seed (3%)
  • Non Equity Assistance (3%)
  • Series Unknown (1%)
  • Series A (1%)
  • Grant (1%)
  • Seed (1%)

Country Focus

  • United States (89%)
  • Uganda (3%)
  • Peru (1%)
  • China (1%)
  • Colombia (1%)

Industry Focus

  • Software
  • Health Care
  • Manufacturing
  • Biotechnology
  • Medical Device
  • Transportation
  • Waste Management
  • Information Technology
  • Education
  • Renewable Energy
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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 Idea Foundry frequently co-invest with?

Mitsui & Co
Asia, Tokyo, Japan, Tokyo
Co-Investments: 1
Richard King Mellon Foundation
North America, Pennsylvania, United States, Pittsburgh
Co-Investments: 1
UR
North America, Pennsylvania, United States, Pittsburgh
Co-Investments: 2
Co-Investments: 1
Renewable Energy Group
North America, Iowa, United States, Ames
Co-Investments: 1
Grouse Ridge Capital
North America, Pennsylvania, United States, Butler
Co-Investments: 1
Inventram
Europe, Istanbul, Turkey, Üsküdar
Co-Investments: 1
Innovation Works
North America, Pennsylvania, United States, Pittsburgh
Co-Investments: 2
Koc Holding
Europe, Istanbul, Turkey, Istanbul
Co-Investments: 1
Pittsburgh Life Sciences Greenhouse
North America, Pennsylvania, United States, Pittsburgh
Co-Investments: 2

What are some of recent deals done by Idea Foundry?

Ruedata

Bogotá, Distrito Especial, Colombia

Ruedata provides data analytics and AI solutions for tire analysis, vehicle inspection, and tire consumption optimization.

LogisticsSoftwareTransportation
SeedMar 6, 2025
Optimus Technologies

Pittsburgh, Pennsylvania, United States

Optimus Technologies is the market leader in EPA compliant biodiesel conversion systems for medium- and heavy-duty trucks.

ManufacturingRenewable EnergyTransportationWaste Management
Series AApr 23, 2023
Amount Raised: $17,800,000
Opareta

Kampala, Kampala, Uganda

Opareta enhances growth of mobile money networks through data-focused solutions for agents, mobile network operators, and agent partners.

CreditData ManagementField SupportFraud DetectionIdentity ManagementInformation TechnologyLocation Based ServicesMobile AppsSoftware
Pre SeedAug 24, 2022
Amount Raised: $250,000
Takataka Plastics

Gulu, Guangdong, China

Takataka Plastics is a recycling company that transforms plastic waste into wall tiles, coasters, and face masks.

Building MaterialManufacturingRecyclingWaste Management
Non Equity AssistanceJan 21, 2022
Amount Raised: $2,000
Yo-Waste

Kampala, Kampala, Uganda

A mobile app that allows customers to request and schedule for garbage collection services instantly and on on-demand.

RecyclingSmart CitiesSoftwareSustainabilityWaste Management
Non Equity AssistanceJan 21, 2022
Amount Raised: $1,333
Silabuz

Lima, Lima, Peru

Silabuz helps companies see the potential in their existing employees and upskill tech talent to meet their needs.

E-LearningEdTechEducation
Convertible NoteNov 24, 2020
Amount Raised: $20,000
Sulo XYZ

Los Angeles, California, United States

Sulo XYZ is a portable, power bank rental station for smartphones and small electronic devices.

ElectronicsHardwareRental
Convertible NoteOct 19, 2020
Amount Raised: $20,000
nanoGriptech

Pittsburgh, Pennsylvania, United States

NanoGriptech manufactures and markets microfiber-based adhesive products and solutions.

IndustrialManufacturingMarketing
Series UnknownMar 12, 2020
Amount Raised: $6,000,000
Marinus Analytics

Pittsburgh, Pennsylvania, United States

Marinus Analytics is focused on deploying machine learning and data mining applications with social impact.

AnalyticsArtificial Intelligence (AI)Data MiningMachine Learning
Convertible NoteFeb 2, 2020
Amount Raised: $65,000
ArchDiA

Wilmington, Delaware, United States

ArchDiA helps eliminate tech debt by identifying and quantifying software-based architectural and design issues.

ArchitectureProductivity ToolsSoftware
Convertible NoteJul 22, 2019
Amount Raised: $10,000