Investments
131Portfolio Exits
11About AlphaLab
AlphaLab, founded by Innovation Works, provides funding, business assistance, advisors, space, and a supportive entrepreneurial community through an intensive program. Twice a year, AlphaLab selects up to six companies to participate in the program.

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Latest AlphaLab News
Dec 8, 2022
Innovation Works Third Cohort of AlphaLab Health Launches to Accelerate Growth of Local Life Sciences Companies 11.29.22 The joint venture of Innovation Works and Allegheny Health Network will accelerate companies addressing a wide variety of patient needs: pain assessment, cochlear implantation, ophthalmic diagnostics, price transparency, sleep, and endotracheal tubes. Pittsburgh, PA – November 29, 2022 – AlphaLab Health, a joint program of Innovation Works and Allegheny Health Network to acce
AlphaLab Investments
131 Investments
AlphaLab has made 131 investments. Their latest investment was in CleverApply as part of their Seed on June 6, 2022.

AlphaLab Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
6/16/2022 | Seed | CleverApply | $0.05M | Yes | AlphaLab, and Innovation Works | |
6/10/2022 | Seed | Roadies Labs | $0.05M | Yes | AlphaLab, and Innovation Works | |
5/25/2022 | Seed | Element Exo | $0.05M | Yes | AlphaLab, and Innovation Works | |
6/24/2020 | Seed | |||||
9/27/2019 | Incubator/Accelerator |
Date | 6/16/2022 | 6/10/2022 | 5/25/2022 | 6/24/2020 | 9/27/2019 |
---|---|---|---|---|---|
Round | Seed | Seed | Seed | Seed | Incubator/Accelerator |
Company | CleverApply | Roadies Labs | Element Exo | ||
Amount | $0.05M | $0.05M | $0.05M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | AlphaLab, and Innovation Works | AlphaLab, and Innovation Works | AlphaLab, and Innovation Works | ||
Sources |
AlphaLab Portfolio Exits
11 Portfolio Exits
AlphaLab has 11 portfolio exits. Their latest portfolio exit was Identified Technologies on October 20, 2021.
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 |
---|---|---|---|---|---|
10/20/2021 | Acquired | 2 | |||
6/8/2021 | Acquired | 6 | |||
4/26/2021 | Merger | 4 | |||
Date | 10/20/2021 | 6/8/2021 | 4/26/2021 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Merger | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 | 6 | 4 |
AlphaLab Team
1 Team Member
AlphaLab has 1 team member, including current Chief Executive Officer, President, Rich Lunak.
Name | Work History | Title | Status |
---|---|---|---|
Rich Lunak | Chief Executive Officer, President | Current |
Name | Rich Lunak |
---|---|
Work History | |
Title | Chief Executive Officer, President |
Status | Current |
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