Investor profile
Birchmere Ventures
VC
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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.”
“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.”
“Hype around commercial drones hit its peak in 2015 and 2016.”
Team
Daniel Croce
VP Finance
Recent investments
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Innovation Works | 5 |
| TCV | 3 |
| Highland Capital Partners | 2 |
| Anzu Partners | 2 |
| Draper Triangle Ventures | 2 |
| IVP | 1 |
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