VC  Carnegie Mellon University

http://www.cmu.edu/open-field/





     Office Locations:

Swartz Center for Entrepreneurship
Tepper Quad, 3rd Floor, 4765 Forbes Avenue
Pittsburgh, PA 15213
Phone: 412-268-6356

 

Stages:

  • Early
  • Seed


 

Industries:

  • Communications & Networking
  • Information Technology
  • Media & Digital Media
  • Software & Internet

  •  

    Description:

    Carnegie Mellon University's Open Field Entrepreneurs Fund (OFEF) is a new model for providing early-stage business financing to CMU alumni who are driving innovation. The OFEF is open to all CMU graduates from the past five years who have the desire to become entrepreneurs. The fund was created from a generous gift by Flip video camera creator and Carnegie Mellon alumnus Jonathan Kaplan, Kaplan's wife, Marci Glazer, and Kaplan's classmate and bitly CEO, Peter Stern. Selected companies will receive $50,000 from the OFEF and must raise an additional $50,000 matching investment to be eligible. In addition to financial support, OFEF recipients also gain access to other funding sources, receive personalized mentoring, an invitation to attend an annual OFEF business conference and receive legal and accounting support for their start-ups. The Swartz Center for Entrepreneurship space covers over 8,000 square feet with 10 built in garage office spaces.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Dave Mawhinney Managing Director
    Lenore Blum Co-Director

     

    Recent Funding Events (trailing 12 months):


      Date


      Name


      State


      Amount


      Stage


      01/25/2024


      ViralMoment


      CA


      $2,500,000


      Seed


     

    Portfolio companies include:


      Solvvy
        web link


      ViralMoment
        web link


      Voci Technologies
        web link


     

    Recent News: