StartUp NEPA

Overview

StartUp NEPA is an angel investment fund established to support start-up and early-stage businesses within the Northeastern Pennsylvania region. The fund is led, designed, and funded by local investors who assist in identifying, evaluating, and placing private investments. Its primary objective is to enhance the economic growth and performance of Northeastern Pennsylvania, thereby improving the economic sustainability and prosperity of its residents. The fund is managed by the Northeastern Pennsylvania Alliance (NEPA Alliance), a seven-county community and economic development organization nonprofit serving the region. In 2023, StartUp NEPA made its first investments, providing funding to companies such as Conservation Labs, LifeAire, Gilson Snow Boards, and UpContent. These investments span various industries, including utility technology, indoor air quality, recreation, and technology sectors. The fund continues to seek opportunities to invest in promising early-stage companies that demonstrate potential for scalable, sustainable, and profitable operations. By pooling capital resources and business connections, StartUp NEPA aims to foster a vibrant entrepreneurial ecosystem in the region, contributing to job creation and economic development. The fund is open to accredited investors interested in supporting local businesses and driving economic growth in Northeastern Pennsylvania. Investors can join the initiative by purchasing $50,000 units to become a member of the newly formed LLC and gain a vote on making future investments in businesses that have a strong prospect to create new jobs and positive economic growth. The fund has raised over $700,000 from investors and economic development partners, with room for more investors. Applications from entrepreneurs seeking funding are accepted and reviewed on a rolling basis, with the leadership team reviewing all completed applications received. The fund's focus is on seed- to mid-stage investments in private companies and entrepreneurs that demonstrate the potential for scalable, sustainable, and profitable operations. By collaborating with various angel networks and groups in the region, StartUp NEPA aims to provide comprehensive support to early-stage companies, contributing to the overall economic development of the area.

Investment Focus

• Accredited investors
• Early-stage companies in Northeastern Pennsylvania

Portfolio Companies