Investors / United States / Mountain State Capital
Mountain State Capital
Venture capital · United States · North America
Mountain State Capital is an early-stage investment firm that invests in software, hardware, services and life sciences companies. It typically invests $200,000 to $500,000 as part of larger seed rounds of $1 million to $5 million, and reserves capital for follow-on investments.
Invests inHealthcare & BiotechFintech
In its own wordssoftwarehardwarelife sciencesseedappalachia
Your fit with Mountain State Capital
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsMountain State Capital lists 18 checked portfolio companies on its own site. Its largest themes are Healthcare & Biotech (31%), Fintech (15%) and Industrial & Manufacturing (12%). 100% of its companies are based in United States. It invests most often alongside 412 Venture Fund, Riverfront Ventures and Techstars.
No funding round on record names Mountain State Capital yet, so the figures come from its portfolio page.
Round figures show recent activity, not Mountain State Capital's whole history. Rounds on record name 0 companies; its own site lists 18. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Healthcare & Biotech | 31% | 15% |
| Fintech | 15% | 12% |
| Industrial & Manufacturing | 12% | 7% |
| AI & Machine Learning | 8% | 18% |
| Mobility & Logistics | 8% | 1% |
| Real Estate & Construction | 8% | 3% |
| Consumer | 8% | 3% |
| Education | 4% | 7% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| 412 Venture Fund | 3 |
| Riverfront Ventures | 3 |
| Techstars | 3 |
| Beni VC | 2 |
| Innovation Works | 2 |
| AAF Management | 1 |
| AMR Action Fund | 1 |
| Accanto Partners | 1 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 46th | 18 companies |
| Recent activity | 46th | 0 rounds in 12 months |
| Early stage | 54th | 0% of entries at pre-seed or seed |
| Evidence | 52th | 0% of companies confirmed by a round |
| Sector focus | 54th | 31% in its largest sector |
| Reach | 19th | 1 country |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers18100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherAll co-investors or Compare portfolios with 412 Venture Fund
Compare Mountain State Capital head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Portfolio
18 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Arieca develops thermal interface materials for semiconductor cooling | ConsumerIndustrial & Manufacturing | Portfolio page | ||
| Aspinity develops and sells machine learning products that run in analog | AI & Machine LearningIndustrial & Manufacturing | Portfolio page | ||
| Avisi Technologies develops a nanotechnology-enabled device to treat open-angle glaucoma | Healthcare & Biotech | Portfolio page | ||
| Caira is inventing advanced joint replacement software, scanning, and precision radar technologies | Healthcare & Biotech | Portfolio page | ||
| Clockwork provides investment management software for individual investors, family offices, and advisors to manage their alternative investments and portfolios. | Fintech | Portfolio page | ||
| Conservation Labs develops and sells a smart water monitor to manage water consumption and detect leaks. | Industrial & ManufacturingReal Estate & Construction | Portfolio page | ||
| CytoAgents is advancing a treatment for multiple inflammatory indications where dysregulated cytokine signaling plays a central role in disease pathogenesis. | Healthcare & Biotech | Portfolio page | ||
| FluidForm develops 3D bioprinting technology for creating implantable tissue, including a potential cure for type 1 diabetes. | Healthcare & Biotech | Portfolio page | ||
| Gridwise provides an app to help gig, hourly, and freelance workers track their earnings and find better paying work | FintechMobility & Logistics | Portfolio page | ||
| InspectionGo provides technology and coaching services to support home inspection companies | Real Estate & ConstructionEducation | Portfolio page | ||
| The company produces and sells adjustable waist belts | Consumer | Portfolio page | ||
| Meter Feeder provides a parking payment system for individuals, fleets, and municipalities. | FintechMobility & Logistics | Portfolio page | ||
| Nanochon designs and develops 3D-printed implants to help repair cartilage naturally | Healthcare & Biotech | Portfolio page | ||
| Ocugenix develops therapies for eye diseases such as wet macular degeneration, geographic atrophy, and diabetic retinopathy | Healthcare & Biotech | Portfolio page | ||
| Peca Labs develops and manufactures vascular grafts and heart valves using polymeric materials. | Healthcare & Biotech | Portfolio page | ||
| Peptilogics is a surgical therapeutics company that develops a novel anti-biofilm drug to cure and prevent medical device-related infections. | Healthcare & Biotech | Portfolio page | ||
| UpContent turns content into action by intelligently recommending the most engaging content to spark a conversation. | FintechMedia & Entertainment | Portfolio page | ||
| The company raises salmon on land using a Recirculating Aquaculture System | AI & Machine LearningFood & Agriculture | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- mountainstatecapital.com
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Companies checked
- 18
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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