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Office Locations:
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6401 Penn Avenue, Floor 3
PIttsburgh, PA 15206
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Electronics & Advanced Materials
Information Technology
Software & Internet
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Founded in 2017, 99 Tartans is a new Angel Syndicate investing in the best Carnegie Mellon affiliated startups. Each year Carnegie Mellon students, staff and professors launch 20-30 startups. Many of these spin-offs are based on industry leading intellectual property developed on campus. The purpose of the group is to find the best of the best and share these investment opportunities with CMU Alumni (and select friends). Together we can all help these great entrepreneurs succeed and also share in their financial success. The group seeks a $100k - $150K investment allocation per deal with follow-on rights. Investments are opt-in deal by deal. Members are asked to make at least one investment per year to stay in good standing. 99 Tartans is independent of and not affiliated with Carnegie Mellon University.
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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
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COMPANY STAGE | REVENUE |
Venture Capital | |
Seed Stage (includes "pre-seed," or concept stage) | No Revenue |
Early Stage | Minimal 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 |
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