Mountain State Capital is an early-stage venture capital firm with offices in Morgantown, West Virginia, and Pittsburgh, Pennsylvania. Founded by Mike Green and Matt Harbaugh, the firm invests in companies that have achieved product-market fit and are ready to scale, focusing on the greater Appalachian region including West Virginia, central-western Pennsylvania, eastern Ohio, eastern Kentucky, western Maryland, western Virginia, western North Carolina, and eastern Tennessee. The firm typically participates in seed rounds of $1M–$5M, investing $200K–$500K initially, and reserves capital for follow-on rounds in top-performing portfolio companies. Mountain State Capital backs software, hardware, services, and life sciences companies across diverse sectors, seeking ideas with the potential to disrupt billion-dollar markets. Portfolio companies include Peptilogics, Aspinity, InspectionGo, Meter Feeder, Gridwise, Fitt, and FluidForm.

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