Richard King Mellon Foundation logo

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
circle-line
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?

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
Pittsburgh Cultural Trust

Pittsburgh, Pennsylvania, United States

The Pittsburgh Cultural Trust has helped to transform a downtrodden section of Downtown into a world-class Cultural District.

CommunitiesEducation
GrantJun 2, 2025
Amount Raised: $10,000,000
Simcoach Games

Pittsburgh, Pennsylvania, United States

Simcoach Games develops 3D games and simulation products for workplace safety and product operations training programs.

3D TechnologyEducationEnterprise SoftwareGamingHealth CareInformation TechnologyManufacturingVideo Games
SeedMay 6, 2025
Amount Raised: $265,000
Conduction

Pittsburgh, Pennsylvania, United States

Conduction is a platform that enables students to interact with digital music

Information TechnologyMedia and EntertainmentMusic Education
Pre SeedNov 14, 2024
Amount Raised: $265,000
MoneyStack

Pittsburgh, Pennsylvania, United States

The financial counseling platform for mental health therapy, starting with gambling addiction.

Financial ServicesFinTechHealth CarePersonal FinancePersonal HealthWellness
Pre SeedOct 24, 2024
Amount Raised: $250,000
Allegheny College

Meadville, Pennsylvania, United States

Allegheny College is an educational institution.

GrantOct 10, 2024
Amount Raised: $1,000,000

LoanBYE offers a tax-free student loan repayment benefit.

GrantAug 1, 2024
Amount Raised: $300,000