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Incubator/Accelerator
acceleratorfund.com

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Investments

5

Portfolio Exits

2

About Accelerator Fund

The Accelerator Fund makes early stage investments in life sciences located in western Pennsylvania, and outside the region. Sponsored and managed by the professionals of the Pittsburgh Life Sciences Greenhouse (PLSG), the Accelerator Fund is in the unique position of leveraging the talents and insights of those most closely aligned with western Pennsylvania's robust reputation as an incubator for a new American spirit of entrepreneurial talent in biotechnology and the life sciences.

Accelerator Fund Headquarters Location

2425 Sidney Street

Pittsburgh, Pennsylvania, 15203,

United States

412-770-1628

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Latest Accelerator Fund News

Punjab Government's IM The Punjab Accelerator Fund to invest in 15 startups

Jul 12, 2022

The state and privately-held organisation Innovation Mission Punjab's (IM Punjab) accelerator programme will launch its cohort for startups in late July or early August this year to help build Punjab's startup ecosystem. IM Punjab will invest INR 3 Lakh in a minimum of 15 startups working in sectors such as agritech, deeptech, food processing, logistics, and edtech, among others, as part of the accelerator programme. "During the accelerator programme, each startup will receive INR 3 lakhs to grant as work on inputs for piloting in different markets, creating scalability, and leveraging technology," said Abhishek Purohit, head of the accelerator programme at IM Punjab.

Accelerator Fund Investments

5 Investments

Accelerator Fund has made 5 investments. Their latest investment was in Hesa as part of their Seed VC on June 6, 2021.

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Accelerator Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/30/2021

Seed VC

Hesa

$2M

Yes

15

9/30/2020

Unattributed VC

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10

8/31/2020

Seed VC

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$99M

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10

4/11/2017

Series C

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$99M

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10

10/15/2014

Seed

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$99M

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0

Date

6/30/2021

9/30/2020

8/31/2020

4/11/2017

10/15/2014

Round

Seed VC

Unattributed VC

Seed VC

Series C

Seed

Company

Hesa

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Amount

$2M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

15

10

10

10

0

Accelerator Fund Portfolio Exits

2 Portfolio Exits

Accelerator Fund has 2 portfolio exits. Their latest portfolio exit was ALung Technologies on May 05, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/5/2022

Acquired

$99M

2

12/19/2019

Acquired

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$99M

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10

Date

5/5/2022

12/19/2019

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

2

10

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