Investments
145Portfolio Exits
37Funds
8About Birchmere Ventures
Birchmere Ventures is a Pittsburgh, Pennsylvania-based venture capital firm making investments in early stage and pre-revenue start-up companies. Its industry focus areas include technologies, software, communications and telecom, electronic components, healthcare and greentech / cleantech.
Birchmere Ventures Headquarter Location
2000 Smallman Street Suite 201
Pittsburgh, Pennsylvania, 15222,
United States
412-322-3300
Birchmere Ventures Web Traffic
Birchmere Ventures Rank
Latest Birchmere Ventures News
Mar 14, 2022
Share The round was led by co-investors Gutbrain Ventures and PBJ Capital, with participation from EDC, Joint Effects, Birchmere Ventures, and Converge. Canada’s leading PropTech provider of building maintenance services, iRestify, announced its expansion into the United States after securing funding from several key investors. Led by serial entrepreneurs Erifili Morfidis and Charlotte Gummesson, iRestify innovatively uses technology to digitize and simplify workflows of building maintenance for property managers and building owners. Leveraging technology capable of handling enterprise-level, multi-residential, and commercial properties, iRestify has been adopted by many renowned property management brands, including Minto and Canadian Urban. “iRestify’s impressive technology solution and service has truly changed the landscape of building maintenance/janitorial services. Innovation has always been a part of our core values, and we are constantly exploring ways to improve how we manage our buildings. With iRestify, we are preparing ourselves for the future of property maintenance.” – Maurice Able , Regional Manager, Minto Apartment REIT “We are extremely pleased with our partnership with iRestify. Their cutting-edge technology allows us to enhance the management of our Janitorial operations. Delivering exceptional services to our tenants and visitors is what sets us apart, and we will continue to expand with iRestify to stay cutting-edge.” – Adil Shareef , Property Manager, Canadian Urban Limited Related Posts “After an initial successful soft launch in New York, we’re very excited to announce the further expansion plans made possible by this latest funding. We look forward to our continued growth, helping new property managers and owners across the U.S,” said Morfidis , Co-Founder of iRestify. iRestify has been growing and powering through the pandemic, experiencing ever-increasing demands for its services across Canada. It is easy to see why iRestify is getting significant interest from the property management industry. With iRestify, property managers can reach productivity levels that were unimaginable just a few years ago. It allows them to effectively stay on top of property maintenance operations without the usual stress. The transparency and access to real-time maintenance data made available through this technology allow tenants to in turn feel more safe and secure in buildings managed with iRestify. “The property management industry is ready for change,” said Gummesson, Co-Founder of iRestify. “Up until now, property managers have not had any real innovative option to modernize the management of their buildings. We have bridged the old and the new, listening to global market needs and creating iRestify to be an effortless system that helps bring in an era of transformational change for the property management industry.”
Birchmere Ventures Investments
145 Investments
Birchmere Ventures has made 145 investments. Their latest investment was in iRestify as part of their Series A on March 3, 2022.
Birchmere Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
3/8/2022 | Series A | iRestify | $4.67M | No | 4 | |
9/16/2021 | Series C | Sleeper | $40M | No | 15 | |
6/30/2021 | Series C | Paper | $100M | No | 17 | |
3/25/2021 | Series B | |||||
3/1/2021 | Series A |
Date | 3/8/2022 | 9/16/2021 | 6/30/2021 | 3/25/2021 | 3/1/2021 |
---|---|---|---|---|---|
Round | Series A | Series C | Series C | Series B | Series A |
Company | iRestify | Sleeper | Paper | ||
Amount | $4.67M | $40M | $100M | ||
New? | No | No | No | ||
Co-Investors | |||||
Sources | 4 | 15 | 17 |
Birchmere Ventures Portfolio Exits
37 Portfolio Exits
Birchmere Ventures has 37 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 | 2 | |||
3/9/2022 | Acquired | 1 | |||
12/2/2021 | Acq - Fin | 6 | |||
Date | 5/5/2022 | 3/9/2022 | 12/2/2021 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Acq - Fin | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 | 1 | 6 |
Birchmere Ventures Fund History
8 Fund Histories
Birchmere Ventures has 8 funds, including BV5 Annex.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
1/13/2020 | BV5 Annex | $9.94M | 1 | ||
5/8/2015 | Birchmere Ventures 5 | ||||
11/13/2012 | Birchmere Ventures IV LP | ||||
8/22/2005 | Birchmere Ventures III | ||||
7/31/2005 | Birchmere Ventures III TSIB |
Closing Date | 1/13/2020 | 5/8/2015 | 11/13/2012 | 8/22/2005 | 7/31/2005 |
---|---|---|---|---|---|
Fund | BV5 Annex | Birchmere Ventures 5 | Birchmere Ventures IV LP | Birchmere Ventures III | Birchmere Ventures III TSIB |
Fund Type | |||||
Status | |||||
Amount | $9.94M | ||||
Sources | 1 |
Birchmere Ventures Team
3 Team Members
Birchmere Ventures has 3 team members, including current Chief Financial Officer, Maria Ferguson.
Name | Work History | Title | Status |
---|---|---|---|
Maria Ferguson | Chief Financial Officer | Current | |
Ned Renzi | CEO Venture Fund, and Concurrent Technologies Corporation | Managing Partner | Current |
Kelly Szejko | Controller | Former |
Name | Maria Ferguson | Ned Renzi | Kelly Szejko |
---|---|---|---|
Work History | CEO Venture Fund, and Concurrent Technologies Corporation | ||
Title | Chief Financial Officer | Managing Partner | Controller |
Status | Current | Current | Former |
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