Innovation Works

For more than 20 years, Innovation Works has played a vital role in Southwestern PA's technology economy, investing capital, business expertise, and other resources into high-potential companies with the greatest likelihood for regional economic impact. IW is the single largest investor in seed-stage companies in the region. They also provide resources for manufacturers to adopt new technologies.

Sophie Burkholder

Investment Associate

Gary Glausser

Chief Investment Officer

Steven Welles

Managing Director of Software

Past deals in Packaging Services

DisSolves

Convertible Note in 2023
DisSolves Inc. is a company that specializes in the development and manufacturing of dissolvable packaging materials aimed at the food industry. Founded in 2016 and based in Pittsburgh, Pennsylvania, the company produces edible packaging pods made from natural, plant-based ingredients. These pods are designed to hold single servings of drink mixes, such as protein powders and flavorings, providing a convenient and environmentally friendly alternative to traditional non-recyclable packaging. DisSolves prioritizes sustainability by utilizing renewable and sustainably sourced materials, including seaweed and polysaccharides, which not only reduce waste but also promote consumer well-being. Through its innovative approach, DisSolves aims to enhance the convenience of food packaging while contributing positively to environmental health.

Parcel Health

Seed Round in 2022
Parcel Health is dedicated to revolutionizing medication packaging by offering the world's first fully brandable and compostable paper-based prescription bottle. This innovative product aims to replace traditional plastic bottles, contributing to sustainability efforts and helping pharmacies and pharmaceutical companies achieve carbon neutrality goals. Parcel Health's packaging not only enhances the safety and integrity of medications during shipping but also improves logistical efficiency, minimizing in-transit damage and bolstering customer satisfaction. Designed to be child-resistant and elder-friendly, the company’s solutions improve pharmacy workflows and reduce medication errors, positioning Parcel Health as a leader in eco-friendly pharmaceutical packaging.

DisSolves

Seed Round in 2022
DisSolves Inc. is a company that specializes in the development and manufacturing of dissolvable packaging materials aimed at the food industry. Founded in 2016 and based in Pittsburgh, Pennsylvania, the company produces edible packaging pods made from natural, plant-based ingredients. These pods are designed to hold single servings of drink mixes, such as protein powders and flavorings, providing a convenient and environmentally friendly alternative to traditional non-recyclable packaging. DisSolves prioritizes sustainability by utilizing renewable and sustainably sourced materials, including seaweed and polysaccharides, which not only reduce waste but also promote consumer well-being. Through its innovative approach, DisSolves aims to enhance the convenience of food packaging while contributing positively to environmental health.

Parcel Health

Pre Seed Round in 2021
Parcel Health is dedicated to revolutionizing medication packaging by offering the world's first fully brandable and compostable paper-based prescription bottle. This innovative product aims to replace traditional plastic bottles, contributing to sustainability efforts and helping pharmacies and pharmaceutical companies achieve carbon neutrality goals. Parcel Health's packaging not only enhances the safety and integrity of medications during shipping but also improves logistical efficiency, minimizing in-transit damage and bolstering customer satisfaction. Designed to be child-resistant and elder-friendly, the company’s solutions improve pharmacy workflows and reduce medication errors, positioning Parcel Health as a leader in eco-friendly pharmaceutical packaging.

DisSolves

Seed Round in 2019
DisSolves Inc. is a company that specializes in the development and manufacturing of dissolvable packaging materials aimed at the food industry. Founded in 2016 and based in Pittsburgh, Pennsylvania, the company produces edible packaging pods made from natural, plant-based ingredients. These pods are designed to hold single servings of drink mixes, such as protein powders and flavorings, providing a convenient and environmentally friendly alternative to traditional non-recyclable packaging. DisSolves prioritizes sustainability by utilizing renewable and sustainably sourced materials, including seaweed and polysaccharides, which not only reduce waste but also promote consumer well-being. Through its innovative approach, DisSolves aims to enhance the convenience of food packaging while contributing positively to environmental health.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.