MentorTech Ventures logo

MentorTech Ventures

North America, Pennsylvania, United States, Philadelphia

Description

MentorTech Ventures is a specialized seed and early-stage venture capital fund based in Philadelphia, Pennsylvania. Established in 2000, the firm distinguishes itself by exclusively investing in companies that emerge from the University of Pennsylvania ecosystem. This includes startups founded by Penn students, faculty, alumni, or those leveraging technology developed within the university.

The fund's investment strategy focuses on providing initial capital to promising ventures at their nascent stages. MentorTech Ventures typically provides initial investments ranging from $250,000 to $1,000,000, aiming to support companies through critical early development phases. Since its inception, the firm has demonstrated a consistent commitment to its niche, having invested in over 70 companies across various sectors, all linked to the Penn community.

MentorTech Ventures has progressively grown its capital base, currently investing out of its fourth fund. Across all its funds, the firm has amassed total capital commitments exceeding $60 million. Beyond financial backing, MentorTech Ventures offers its portfolio companies invaluable access to the extensive University of Pennsylvania network, including mentorship from experienced entrepreneurs and industry leaders, strategic guidance, and connections to potential partners and customers. This unique approach underscores its role in fostering innovation and entrepreneurship directly within the academic powerhouse of the University of Pennsylvania.

Investor Profile

MentorTech Ventures has backed more than 41 startups, with 0 new investments in the last 12 months alone. The firm has led 7 rounds, about 17% of its total and boasts 12 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, France, Japan.
  • Strong thematic focus on E-Commerce, Health Care, Software.
  • Typical check size: $250K – $1M.

Stage Focus

  • Series A (41%)
  • Series B (22%)
  • Series Unknown (17%)
  • Series C (7%)
  • Debt Financing (5%)
  • Angel (2%)
  • Series E (2%)
  • Seed (2%)

Country Focus

  • United States (93%)
  • France (5%)
  • Japan (2%)

Industry Focus

  • E-commerce
  • Health Care
  • Software
  • Mobile
  • Consumer Electronics
  • Marketing
  • Retail
  • Analytics
  • Hardware
  • Social Media
circle-line
FAQ

Frequently Asked Questions

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

Who does MentorTech Ventures frequently co-invest with?

First Round Capital
North America, California, United States, San Francisco
Co-Investments: 4
Ben Franklin Technology Partners of Southeastern Pennsylvania
North America, Pennsylvania, United States, Philadelphia
Co-Investments: 3
Bain Capital Ventures
North America, California, United States, San Francisco
Co-Investments: 2
Safeguard Scientifics
North America, Pennsylvania, United States, Radnor
Co-Investments: 3
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 8
Bullish
North America, New York, United States, New York
Co-Investments: 2
Bloomberg Beta
North America, California, United States, San Francisco
Co-Investments: 3
Walden Venture Capital
North America, California, United States, San Francisco
Co-Investments: 3
Robin Hood Ventures
North America, Pennsylvania, United States, Philadelphia
Co-Investments: 4
Accel
North America, California, United States, Palo Alto
Co-Investments: 4

Which angels does MentorTech Ventures often collaborate with?

CS
North America, New York, United States, New York
Shared Deals: 1
David Hehman
North America, California, United States, Sebastopol
Shared Deals: 1
AM
North America, New York, United States, New York
Shared Deals: 1
David Spector
North America, California, United States, San Francisco
Shared Deals: 2
Shared Deals: 1
GA
North America, New York, United States, New York
Shared Deals: 1
Shared Deals: 1
JG
North America, New Jersey, United States
Shared Deals: 1
Shared Deals: 1
PA
North America, Maryland, United States, Odenton
Shared Deals: 1

What are some of recent deals done by MentorTech Ventures?

goTenna

Brooklyn, New York, United States

GoTenna is advancing universal access to connectivity by building intelligent and scalable mobile mesh networks.

Consumer ElectronicsHardwareMessagingMobilePrivacySoftware
Series CJun 18, 2019
Amount Raised: $16,500,000
goTenna

Brooklyn, New York, United States

GoTenna is advancing universal access to connectivity by building intelligent and scalable mobile mesh networks.

Consumer ElectronicsHardwareMessagingMobilePrivacySoftware
Series BApr 13, 2017
Amount Raised: $7,500,000
goTenna

Brooklyn, New York, United States

GoTenna is advancing universal access to connectivity by building intelligent and scalable mobile mesh networks.

Consumer ElectronicsHardwareMessagingMobilePrivacySoftware
Series AMar 2, 2016
Amount Raised: $7,500,000
Curalate

Philadelphia, Pennsylvania, United States

Curalate optimizes digital commerce for discovery.

AnalyticsInternetMarketingSocial Media
Series CFeb 2, 2016
Amount Raised: $27,500,000
CloudMine

Philadelphia, Pennsylvania, United States

CloudMine is a HIPAA compliant data enablement platform for healthcare, empowering users to operationalize their most sensitive data.

Enterprise SoftwareHealth CareInformation TechnologyMobile
Series AMar 3, 2015
Amount Raised: $7,219,100
Jet

Hoboken, New Jersey, United States

Jet operates an e-commerce platform that allows its member to shop online from various retailers.

E-CommerceMarketingRetailRetail Technology
Series BFeb 11, 2015
Amount Raised: $140,000,000
Jet

Hoboken, New Jersey, United States

Jet operates an e-commerce platform that allows its member to shop online from various retailers.

E-CommerceMarketingRetailRetail Technology
Series AJul 29, 2014
Amount Raised: $55,000,000
Curalate

Philadelphia, Pennsylvania, United States

Curalate optimizes digital commerce for discovery.

AnalyticsInternetMarketingSocial Media
Series BJun 6, 2014
Amount Raised: $8,600,000
Quad Learning

Washington, District of Columbia, United States

Quad Learning transforms the space of higher education by creating new pathways for individuals to earn their bachelor's degree.

CommunitiesEducationManagement Information SystemsRecruiting
Series BApr 7, 2014
Amount Raised: $10,000,000
CloudMine

Philadelphia, Pennsylvania, United States

CloudMine is a HIPAA compliant data enablement platform for healthcare, empowering users to operationalize their most sensitive data.

Enterprise SoftwareHealth CareInformation TechnologyMobile
Debt FinancingJan 15, 2014
Amount Raised: $1,434,278