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Richard King Mellon Foundation

North America, Pennsylvania, United States, Pittsburgh

Description

The Richard King Mellon Foundation approved 190 grants totaling $104,578,500, and paid out commitments totaling $115,292,182.

Investor Profile

Richard King Mellon Foundation has backed more than 41 startups, with 7 new investments in the last 12 months alone. The firm has led 28 rounds, about 68% of its total and boasts 4 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Grant, Series Unknown, Pre Seed rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Health Care, Education, Biotechnology.
  • Led 6 rounds in the past year.

Stage Focus

  • Grant (66%)
  • Series Unknown (7%)
  • Pre Seed (7%)
  • Series C (5%)
  • Series D (2%)
  • Private Equity (2%)
  • Series A (2%)
  • Convertible Note (2%)
  • Series E (2%)
  • Seed (2%)

Country Focus

  • United States (98%)

Industry Focus

  • Health Care
  • Education
  • Biotechnology
  • Medical
  • Higher Education
  • Therapeutics
  • Information Technology
  • Manufacturing
  • Medical Device
  • Wellness
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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 Richard King Mellon Foundation frequently co-invest with?

Catalio Capital Management
North America, New York, United States, New York
Co-Investments: 2
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 3
Boston Scientific
North America, Massachusetts, United States, Marlborough
Co-Investments: 2
AC
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 2
Vertex Ventures HC
North America, California, United States, Palo Alto
Co-Investments: 2
Lightstone Ventures
North America, California, United States, Menlo Park
Co-Investments: 2
Morgenthaler Ventures
North America, California, United States, Menlo Park
Co-Investments: 4
Citta Capital
North America, California, United States, Palo Alto
Co-Investments: 2
Action Potential Venture Capital
North America, Massachusetts, United States, Cambridge
Co-Investments: 2
Windham Venture Partners
North America, New York, United States, New York
Co-Investments: 2

What are some of recent deals done by Richard King Mellon Foundation?

STEMup

Pittsburgh, Pennsylvania, United States

STEMup is a pioneering regional multigenerational workforce project aiming to establish Western Pennsylvania and the Pittsburgh region.

GrantOct 21, 2025
Amount Raised: $300,000

Earflo is a firm that is developing a gadget to treat persistent ear infections non-invasively at home in order to avoid surgery.

ManufacturingMedicalPersonal Health
GrantOct 7, 2025
Amount Raised: $415,000
Untapped Solutions

Yonkers, New York, United States

Untapped Solutions serves untapped individuals.

ConsultingFinancial ServicesProfessional Services
GrantOct 7, 2025
Amount Raised: $515,000
Zegenex

Pittsburgh, Pennsylvania, United States

Zegenex is an innovative healthcare company specializing in wound healing technologies.

BiotechnologyHealth CareMedical Device
GrantOct 7, 2025
Amount Raised: $215,000
Co-Angler

Springfield, Missouri, United States

Co‑Angler is a digital platform and mobile app designed to connect fishing enthusiasts.

Information TechnologyInternetMarketplaceRecreationSocial Media Marketing
GrantOct 7, 2025
Amount Raised: $315,000
Joint AI

Pittsburgh, Pennsylvania, United States

Joint AI is an AI-powered clinical decision aid designed to automate and deliver accurate assessments of knee and hip arthritis.

EducationHealth CareInformation TechnologyInternet
Pre SeedSep 4, 2025
Amount Raised: $315,000
Surface Design Solutions

Pittsburgh, Pennsylvania, United States

Surface Design Solutions works with manufacturers to develop customized surface metrics.

IndustrialIndustrial EngineeringIndustrial ManufacturingMachine Learning
GrantAug 27, 2025
Amount Raised: $365,000
Conduit

Pittsburgh, Pennsylvania, United States

Conduit is committed to creating workplaces by enabling businesses to retain and reward their top people.

ConsultingEmployee BenefitsEmploymentPersonal Development
GrantAug 14, 2025
Amount Raised: $375,000
SetPoint Medical

Valencia, California, United States

SetPoint Medical provides a device-based therapy for rheumatoid arthritis.

BiotechnologyHealth CareMedicalTherapeutics
Series DAug 11, 2025
Amount Raised: $115,000,000
Plexision

Pittsburgh, Pennsylvania, United States

Develops cellular biomarkers for personalized diagnosis and drug development in solid organ transplantation, and immunological disorders.

Biotechnology
Series UnknownJul 24, 2025
Amount Raised: $365,000