I/VC  Pittsburgh Life Sciences Greenhouse


     Office Locations:

2403 Sidney Street, Ste 285
Pittsburgh, PA 15203
Phone: 412-201-7370
Fax: 412-770-1276



  • Early
  • Growth
  • Seed



  • Life Sciences & Healthcare
  • Medical Device



    The Pittsburgh Life Sciences Greenhouse (PLSG) is a public/private partnership, founded in 2001 by the University of Pittsburgh, Carnegie Mellon University, UPMC Health System and the Commonwealth of Pennsylvania. The PLSG provides capital investments, customized company formation, and business growth services to life sciences enterprises, supporting biosciences companies with promising innovations in the following concentrations: Biotechnology Tools, Diagnostics, Healthcare IT, Medical Devices and Therapeutics. The PLSG has two incubator facilities equaling 22,000 square feet of available space for growing companies. The main Incubator is located with PLSG's administrative offices. It is a 13,000 square-foot facility consisting of 40 percent modern wet lab space and 60 percent office space. The second facility, PLSG West, is 9,000 square-feet of mostly laboratory space. The PLSG Investment Funds help seed and early-stage life sciences companies rapidly achieve company formation and technology commercialization milestones. Since forming in 2002, the organization has committed over $19 million into its investment portfolio of 76 life sciences companies, which have attracted over $840 million in additional capital. The firm has $50M in assets under management.

    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
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    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.
    Diana Cugliari Vice President, Finance Director, Accelerator Fund
    Hank Safferstein PhD, JD EIR
    James Jordan President and Chief Executive Officer


    Portfolio companies include:


    Recent News: