{"id":761,"name":"Innovation Works Seed Fund","slug":"innovation-works-seed-fund","website":"https://www.innovationworks.org/","hqGeo":"Pittsburgh, PA","stageFocus":["Pre-Seed","Seed"],"sectorTags":["Other","Enterprise"],"excludedSectors":[],"checkSizeMin":500000,"checkSizeMax":1500000,"thesisSummary":"Funds scalable technology companies mainly at the earliest stages in Pennsylvania and beyond.","thesisNarrative":null,"logoUrl":null,"aumUsd":null,"submissionUrl":null,"linkedinUrl":null,"twitterHandle":null,"portfolio":[{"companyName":"Accel Diagnostics","companyUrl":null,"stage":null,"sector":"Healthtech SaaS","investmentYear":null,"description":null,"amountUsd":null,"relevanceNote":null,"fundName":null},{"companyName":"NoWait","companyUrl":null,"stage":null,"sector":"Enterprise Solutions","investmentYear":null,"description":null,"amountUsd":null,"relevanceNote":null,"fundName":null},{"companyName":"Adrich","companyUrl":null,"stage":null,"sector":null,"investmentYear":null,"description":null,"amountUsd":null,"relevanceNote":null,"fundName":null},{"companyName":"DermaBio","companyUrl":null,"stage":null,"sector":null,"investmentYear":null,"description":null,"amountUsd":null,"relevanceNote":null,"fundName":null},{"companyName":"iTruckr","companyUrl":null,"stage":null,"sector":null,"investmentYear":null,"description":null,"amountUsd":null,"relevanceNote":null,"fundName":null}],"partnerCount":4,"partners":[{"id":1235,"name":"Rich Lunak","title":"President","seniority":null,"focusTags":["Early-stage startups","Funding for B2B tech"],"linkedinUrl":"https://www.linkedin.com/in/richlunak","twitterHandle":null,"blogUrl":null,"thesisSummary":null,"whyThisPartner":null,"recentPosts":[]},{"id":18640,"name":"Jim Jen","title":"Managing Partner","seniority":null,"focusTags":["seed stage","venture capital","accelerators (AlphaLab)"],"linkedinUrl":"https://linkedin.com/in/jimcjen","twitterHandle":null,"blogUrl":null,"thesisSummary":null,"whyThisPartner":null,"recentPosts":[]},{"id":18641,"name":"Mike Formica","title":"Managing Partner","seniority":null,"focusTags":["hardware","manufacturing","robotics","physical product companies"],"linkedinUrl":"https://linkedin.com/in/mikeformica","twitterHandle":null,"blogUrl":null,"thesisSummary":null,"whyThisPartner":null,"recentPosts":[]},{"id":18642,"name":"Megan Shaw","title":"Managing Partner","seniority":null,"focusTags":["life sciences","healthcare startups","clinical innovation"],"linkedinUrl":"https://linkedin.com/in/megan-shaw-innovationworks","twitterHandle":null,"blogUrl":null,"thesisSummary":null,"whyThisPartner":null,"recentPosts":[]}],"funds":[],"activity":{"lastInvestmentYear":null,"investmentsLast12Months":0},"investorType":"vc","preferredApproach":"cold outreach ok","prefersFounderType":null,"oneClickPitchEnabled":false,"relatedFirms":[{"id":4903,"name":"Latency Ventures","slug":"latency-ventures","logoUrl":null,"website":null,"stageFocus":["Pre-Seed","Seed"],"sectorTags":["Other","Enterprise","SaaS"],"hqGeo":"Denver, CO"},{"id":9586,"name":"NextGen Ventures","slug":"nextgen-ventures","logoUrl":null,"website":"https://nextgenvp.com/","stageFocus":["Pre-Seed","Seed"],"sectorTags":["Other","Enterprise","SaaS"],"hqGeo":"Austin, TX"},{"id":12043,"name":"Digital Growth Fund","slug":"digital-growth-fund","logoUrl":null,"website":"https://digitalgrowthfund.com/","stageFocus":["Pre-Seed","Seed"],"sectorTags":["SaaS","AI / ML","Enterprise","Other"],"hqGeo":"Toronto, Canada"},{"id":385,"name":"Tola Capital","slug":"tola-capital","logoUrl":null,"website":"https://tolacapital.com/","stageFocus":["Series A","Seed"],"sectorTags":["Enterprise","SaaS","Other","Security"],"hqGeo":"Seattle, WA"},{"id":3344,"name":"Small Step Ventures","slug":"small-step-ventures","logoUrl":null,"website":"https://smallstep.com/","stageFocus":["Seed"],"sectorTags":["Other","SaaS","Enterprise"],"hqGeo":"Austin, TX"},{"id":10628,"name":"Founder's Framework","slug":"founder-s-framework","logoUrl":null,"website":"https://www.foundersframeworks.com/","stageFocus":["Pre-Seed"],"sectorTags":["SaaS","Enterprise"],"hqGeo":"Los Angeles, CA"}],"featuredIn":[{"slug":"seed","displayName":"Seed Investors","pageType":"stage"}],"fundraisingResources":[{"slug":"how-vcs-help-portfolio-raise-follow-on","title":"How VCs Can Actually Help Their Portfolio Companies Raise Follow-On"},{"slug":"how-many-investors-should-you-pitch","title":"How Many Investors Should You Pitch? The Math Most Founders Get Wrong"},{"slug":"what-vcs-actually-look-for-pitch-deck","title":"What VCs Actually Look for in a Pitch Deck"}],"overviewNarrative":null,"portfolioNarrative":null,"seoTitle":null,"seoDescription":null,"lastVerifiedAt":"2026-05-30T04:55:47.766Z"}