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Mountain State Capital

Mountain State Capital

Morgantown, West Virginiamountainstatecapital.com

Overview

Mountain State Capital is a venture capital firm that seeks to invest in early-stage companies spanning a variety of technology and industry sectors in the greater Appalachian region. This area encompasses Pennsylvania, West Virginia, Ohio, Virginia, Maryland, North Carolina, Kentucky, and Tennessee.

Year Founded

2018

Portfolio Companies

12

Investments

Mountain State Capital investments
CompanyDateStageLead
GridwiseMay 2022Series ACo-investor
NanochonMay 2024SeedCo-investor
Meter FeederApr 2022SeedCo-investor
AspinitySep 2023Series BCo-investor
PECA Labs, Inc.Dec 2024VC RoundCo-investor
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Key People

Matt Harbaugh

Managing Director

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

Portfolio analytics

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Investment Activity

Yearly cadence, pace, and funding raised over time.

Premium
2021
2022
2023
2024
2025
2026

Portfolio analytics

Caplight clients see yearly investment pace and funding raised over time.

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FAQ

Where is Mountain State Capital based?

Mountain State Capital is headquartered in Morgantown, West Virginia, United States.

When was Mountain State Capital founded?

Mountain State Capital was founded in 2018.

How many portfolio companies does Mountain State Capital have?

Mountain State Capital has 12 portfolio companies in Caplight's dataset.

What are some companies in Mountain State Capital's portfolio?

Portfolio companies visible on Caplight include Gridwise, Nanochon, Meter Feeder, Aspinity, PECA Labs, Inc..

What was Mountain State Capital's most recent investment shown here?

Mountain State Capital's most recent investment in this portfolio sample was in PECA Labs, Inc. in 2024.

What sectors does Mountain State Capital focus on?

Mountain State Capital focuses on Healthcare & Life Sciences, Healthcare & Life Sciences, Frontier & Industrial Tech, Healthcare & Life Sciences, Enterprise Software, Healthcare & Life Sciences, Real Estate & PropTech, Mobility, Transportation & Logistics, Mobility, Transportation & Logistics, Frontier & Industrial Tech, FinTech, AI, Data & Cloud Infrastructure, Energy & Sustainability, Mobility, Transportation & Logistics, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech.

What company stages does Mountain State Capital focus on?

Mountain State Capital typically invests at the Early stage.

What is Mountain State Capital's AUM?

Mountain State Capital's assets under management are estimated between $0.0 and $50.0M.

Firmographic Details

HeadquartersMorgantown, West Virginia
Year Founded2018

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