Mountain State Capital

Mountain State Capital operates as a venture capital firm that provides early-stage funding to companies demonstrating product-market fit and readiness for expansion. The firm primarily invests in software, hardware, services, and life sciences sectors, focusing on ventures that present the potential to significantly impact established, large-scale markets through innovative solutions.

The firm was established in late 2018 by co-founders Mike Green and Matt Harbaugh, who serve as Managing Directors. Green contributes extensive experience as an early-stage investor and technology executive, with prior operational leadership at LoudCloud and sales and marketing roles at FORE Systems, alongside an earlier career as a cryptanalyst. Harbaugh’s background includes leading a machine learning software company acquired by a major tech entity and serving as Chief Investment Officer at Innovation Works.

Mountain State Capital’s portfolio companies are typically located within the greater Appalachian region, encompassing West Virginia, central and western Pennsylvania, eastern Ohio, eastern Kentucky, western Maryland, western Virginia, western North Carolina, and eastern Tennessee. The firm’s vision centers on identifying and supporting strong teams capable of developing disruptive technologies and guiding them through their critical growth phases to achieve substantial market influence.