Investor profile

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Birchmere Ventures

VC

USCADEB2B SaaSMarketplacesAI/MLHealthtechEnterpriseConsumer

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Investment thesis

Since 1996, Birchmere Ventures has partnered with entrepreneurs to help build high-growth technology companies. The firm — with offices in Pittsburgh, PA and San Francisco, CA — has over $250 million under management and focuses primarily on seed-stage SaaS and marketplace investments, emphasizing technology commercialization and operational development. Birchmere's management team brings over 80 years of collective experience in engineering, entrepreneurship, and venture capital investing, and is proud to have funded innovative companies that make a positive impact while delivering strong returns for investors. Birchmere's portfolio companies have achieved a cumulative market valuation of $14 billion, leading to Preqin's recognition of Birchmere as among the highest-performing venture groups in the industry for well over a decade. Birchmere Labs, a seed and studio fund, extends the firm's focus to community-driven commerce web and mobile early-stage startups.

Notable quotes

If you'd asked [school] superintendents what their top three technology spending priorities would be, almost none would have said 'professional development for teachers.' That wasn't capturing a lot of mind share. We and the foundation needed to help the company get across this gap.

Ned Renzi · Stanford Social Innovation Review — 'New Approaches to Ed-Tech Funding' · 2014

I'd highlight Identified Technologies. They're a company in East Liberty that uses a fully autonomous drone to provide mapping and other data services to construction and energy industries. That company is growing like crazy, 20 percent month over month for the last year.

Ned Renzi · Tribune Review · 2016-07-25

Hype around commercial drones hit its peak in 2015 and 2016.

Ned Renzi · Government Technology · 2017-01-11

Team

Seán Sebastian

Partner

B2B SaaSEnterpriseDeep Tech

Ned Renzi

Partner

B2B SaaSMarketplacesAI/ML

Sean Ammirati

Partner (Birchmere Labs)

B2B SaaSConsumerMarketplaces

Daniel Croce

VP Finance

Recent investments

CompanyRoundSizeDate
HealthieSeries B$3m2024-10-15
AspinitySeries B$7m2023-07-25
IdelicSeries B$5m2021-03-25
PaperSeries C$3m2021-06-24
CventSeed
JazzHRSeed
SleeperSeed
EargoSeed
The ZebraSeed
SPIDR TechSeed

Frequent co-investors

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