Organization · Venture Capital
Innovate Capital Growth Fund
Innovate Capital Growth Fund is an SBA-licensed SBIC based in Philadelphia, focusing on growth equity investments in minority and women-owned businesses in the Mid-Atlantic region.
Overview
What Innovate Capital Growth Fund does
What Innovate Capital Growth Fund is
Innovate Capital Growth Fund is an SBA-licensed SBIC based in Philadelphia, focusing on growth equity investments in minority and women-owned businesses in the Mid-Atlantic region.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 2022
- Approximate age
- About 4 years
- Structured capabilities
- Funder
- Last reviewed
- April 10, 2026
Official channels
Find Innovate Capital Growth Fund elsewhere
Open the official website or a supported primary organization account.
Capability profile
Innovate Capital Growth Fund as a funder
Investment thesis
Innovate Capital Growth Fund focuses on providing growth equity capital to diverse lower middle market businesses, particularly those owned by minorities and women, in the Mid-Atlantic region.
Focus narrative
The fund specializes in providing growth equity capital to diverse lower middle market businesses. It emphasizes operational expertise and access to strategic networks to support portfolio companies, bridging capital needs at various stages of business growth.
Value beyond capital
Innovate Capital Growth Fund provides significant value to its portfolio companies by bridging capital needs and offering access to strategic networks. The fund emphasizes operational expertise to help implement sales and operational strategies effectively.
Terms and economics
- Typical check
- $1,000,000–$5,000,000
- Sweet spot
- $3,000,000
Focus and fit
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 4
Portfolio context
Beauty4U: A beauty supply retail chain in Temple Hills, MD, offering a wide range of products across hair, wigs, haircare, and cosmetics through 12 retail locations in the DC Metro region. Smile23: A Dental Services Organization in New York, NY, focused on delivering high-quality dental care and promoting healthcare equality for low-income communities through modern digital dentistry practices. Schmidt Industrial Services: An industrial services provider in Chester, PA, specializing in machining, metal fabrication, field services, and industrial coatings for various industries since 1948. EMSCO Scientific: A distributor of laboratory supplies and equipment in Philadelphia, PA, recognized as one of the few Black-owned firms in the life sciences sector, with over 40 years of experience.
Common questions
What to know about Innovate Capital Growth Fund
Upseed classifies Innovate Capital Growth Fund under the Venture Capital organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 10, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.