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The PLSG Accelerator Fund operates as a strategic investment vehicle, providing capital to emerging life sciences companies. These ventures undergo rigorous vetting by the Pittsburgh Life Sciences Greenhouse (PLSG). The fund's core objective is to accelerate the development and market readiness of innovations across biotechnology, medical devices, and health IT sectors.
Originating from the Pittsburgh Life Sciences Greenhouse’s broader mission, the fund addresses a critical market need for early-stage capital. Its establishment reflects PLSG's long-standing commitment to fostering regional life sciences growth. The foundational insight was to create a dedicated mechanism for advancing promising ventures.
The fund primarily supports early-stage life sciences companies, offering capital and strategic guidance. Its vision is to cultivate a robust regional ecosystem by enabling these companies to scale and introduce novel technologies. This forward-looking endeavor translates scientific advancements into impactful commercial solutions, ultimately improving health outcomes.
PLSG Accelerator Fund has 4 tracked investments across 3 companies. The latest tracked deal is $36.0M Series C in ALung Technologies in April 2017.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 11, 2017 | ALung Technologies | $36.0M Series C | Adam Seiver, Jeanne Cunicelli | Abiomed, Allos Ventures, Birchmere Ventures, Bluetree Capital, Eagle Ventures, Raymond James, Riverfront Ventures, West Capital Advisors |
| Sep 8, 2015 | Cognition Therapeutics | $12.0M Series B | Golden Seeds | ACE Fund, Ariel Southeast Angel Partners, Bios Memory Spv1, Cowtown Angels, Dolby Family Ventures, M5invest Partners, Maine Angels, Ogden CAP, Scale Investors, Tech Coast Angels |
| Sep 1, 2013 | ALung Technologies | $16.0M Series B | Allos Ventures | Birchmere Ventures, Bluetree Capital, Smithfield Trust Company, West Capital Partners |
| Jun 28, 2012 | Quantum OPS | $1.1M Series A | Pittsburgh Life Sciences Greenhouse, Plsg Accelerator Fund | — |