Angel investors in Pennsylvania are individuals who invest their own money in early-stage companies, often through angel groups and networks in cities such as Philadelphia, Pittsburgh and Allentown. Most private raises are made with accredited investors under federal Regulation D exemptions, with state notice filings where required. PitchStreet currently lists 8 member profiles based in Pennsylvania: 4 investors and 4 ventures seeking funding.
Philadelphia is a major centre for healthcare and life sciences, while Pittsburgh has become known for robotics and AI around Carnegie Mellon University.
Investors in Pennsylvania most often back companies in healthcare and life sciences, robotics and AI and manufacturing. The profiles below are from members who list Pennsylvania as their location.
Pennsylvania at a glance
- Major business centres: Philadelphia, Pittsburgh, Allentown and Harrisburg
- Key industries: healthcare and life sciences, robotics and AI, manufacturing, energy and financial services
- Universities and research institutions: University of Pennsylvania, Carnegie Mellon University and Penn State University
- Neighbouring states: New York, New Jersey, Delaware, Maryland, West Virginia and Ohio
How to raise money in Pennsylvania
Start with the people closest to your market: angel groups and pitch events in Philadelphia and Pittsburgh, university and research networks such as University of Pennsylvania, accelerators, and founders who have already raised in Pennsylvania. Investors on PitchStreet list how much capital they have available, so you can shortlist before you reach out.
Most U.S. startups raise from accredited investors under Regulation D. For individuals that generally means income above $200,000 a year ($300,000 with a spouse or partner) or a net worth above $1 million excluding their home. Pennsylvania may also require a notice filing for your offering, and some states offer tax credits for investing in qualified small businesses. Ask a securities lawyer which rules apply to your raise.
What investors in Pennsylvania look for
Beyond a strong team and early traction, investors tend to know their own region's leading industries best. In Pennsylvania that means healthcare and life sciences, robotics and AI and manufacturing. If your company fits one of them, say so, and point to local customers, partners or talent that give you an advantage.