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birchmerevc.com

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Investments

145

Portfolio Exits

37

Funds

8

About 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

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Page Views per Million (PVPM)
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Latest Birchmere Ventures News

Canadian PropTech, iRestify, Raises 6 Million in Latest Funding Round to Pursue Expansion Plans Brings Innovative, All-In-One SaaS to U.S. Market

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.

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Birchmere Ventures Investments Activity

investments chart

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

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$99M

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10

3/1/2021

Series A

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$99M

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10

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

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Amount

$4.67M

$40M

$100M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

4

15

17

10

10

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

$99M

2

3/9/2022

Acquired

$99M

1

12/2/2021

Acq - Fin

$99M

6

10/20/2021

Acquired

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$99M

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10

7/27/2021

Acquired

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$99M

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10

Date

5/5/2022

3/9/2022

12/2/2021

10/20/2021

7/27/2021

Exit

Acquired

Acquired

Acq - Fin

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

1

6

10

10

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

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$99M

10

11/13/2012

Birchmere Ventures IV LP

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$99M

10

8/22/2005

Birchmere Ventures III

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$99M

10

7/31/2005

Birchmere Ventures III TSIB

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$99M

10

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

Subscribe to see more

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Subscribe to see more

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Status

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Amount

$9.94M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

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

Managing Partner

Current

Kelly Szejko

Controller

Former

Name

Maria Ferguson

Ned Renzi

Kelly Szejko

Work History

Title

Chief Financial Officer

Managing Partner

Controller

Status

Current

Current

Former

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