Magarac Venture Partners

Magarac Venture Partners (MVP) is a Pittsburgh-based early-stage VC firm that invests in the Midwest's most extraordinary entrepreneurs as they set out to create market-defining companies. MVP views venture investing as a 'People first' business, with a goal to empower bold, forward-thinking founders with capital and resources. The firm focuses on sectors that showcase the strengths of the Midwest technology ecosystem — including AI, Enterprise Software, Robotics, and HealthTech — and is often the first institutional investor, preferring to lead Seed and Series A rounds with initial investments of $500k–$5M. MVP also places a strong emphasis on diversity: the firm applies a 'Rooney Rule' requiring portfolio founders to interview at least one person of color, female, first-generation immigrant, and/or LGBTQ candidate for each senior-level position. Approximately 33% of portfolio companies in their most recent fund had at least one diverse founding team member at the time of investment.