AlphaLab
Description
AlphaLab is a nationally recognized software accelerator based in Pittsburgh, Pennsylvania, operating under the umbrella of Innovation Works, a prominent seed-stage investor in the region. Its core mission is to empower early-stage technology companies by providing a structured program, critical resources, and initial capital to accelerate their growth and market readiness. AlphaLab plays a significant role in fostering Pittsburgh's burgeoning tech ecosystem, helping founders transform innovative concepts into scalable businesses.
The accelerator offers an intensive program focused on practical guidance, mentorship, and strategic development. Startups accepted into the program benefit from extensive one-on-one mentorship from seasoned entrepreneurs and industry experts, alongside workshops and resources covering product development, business model validation, and fundraising strategies. The program is designed to be highly iterative, enabling companies to quickly refine their offerings and adapt to market feedback, culminating in opportunities to present to a network of investors and strategic partners.
AlphaLab's investment model is straightforward, providing seed capital to its participating companies. Each accepted startup receives a standardized investment of $50,000 in exchange for a 6% equity stake. This initial funding is coupled with the comprehensive support network of both AlphaLab and Innovation Works. Since its inception, AlphaLab has successfully graduated over 100 companies, many of which have gone on to secure substantial follow-on funding and achieve significant milestones, underscoring the accelerator's effectiveness in cultivating high-potential software ventures.
Investor Profile
AlphaLab has backed more than 121 startups, with 12 new investments in the last 12 months alone. The firm has led 12 rounds, about 10% of its total and boasts 7 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Pre Seed, Angel rounds (top funding stages).
- Majority of deals are located in United States, Canada.
- Strong thematic focus on Software, Internet, E-Commerce.
- Led 12 rounds in the past year.
- Typical check size: $50K.
Stage Focus
- Seed (83%)
- Pre Seed (14%)
- Angel (1%)
- Convertible Note (1%)
- Series B (1%)
Country Focus
- United States (94%)
- Canada (1%)
Industry Focus
- Software
- Internet
- E-commerce
- Apps
- Information Technology
- Social Media
- Education
- Health Care
- Mobile
- Enterprise Software
Frequently Asked Questions
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