Alumni Ventures

Alumni Ventures Group, LLC is a venture capital firm founded in 2013 and based in Manchester, New Hampshire, with additional offices in North America. The firm specializes in seed, early-stage, and late-stage pre-IPO investments, focusing on companies that have an alumni connection and an institutional lead investor with relevant expertise. It offers high-quality, diversified venture portfolios to individual investors, particularly accredited alumni from top entrepreneurial schools, who previously lacked access to venture capital opportunities. Alumni Ventures Group invests between $0.01 million and $3 million in various sectors and geographies, without seeking board or observer seats. Additionally, the firm provides focused funds that enable any accredited investor to access a diverse venture portfolio, allowing for investment across different types, sectors, stages, and geographical locations.

Gregory Baker

Managing Partner

Bryan Jurewicz

Venture Partner

Michael Madden

Managing Partner

Past deals in Michigan

Refraction AI

Seed Round in 2022
Refraction AI, Inc., an autonomous delivery robot company, builds and deploys robotic platforms to provide goods delivery in urban areas. It offers The REV-1, a delivery robotic vehicle that picks up goods from restaurants, pharmacies, and grocery stores, and bring them directly to the customers’ house. Refraction AI, Inc. was founded in 2017 and is based in Ann Arbor, Michigan.

Refraction AI

Seed Round in 2021
Refraction AI, Inc., an autonomous delivery robot company, builds and deploys robotic platforms to provide goods delivery in urban areas. It offers The REV-1, a delivery robotic vehicle that picks up goods from restaurants, pharmacies, and grocery stores, and bring them directly to the customers’ house. Refraction AI, Inc. was founded in 2017 and is based in Ann Arbor, Michigan.

Shoulder Innovations

Venture Round in 2020
Shoulder Innovations, Inc. is a medical device company based in Holland, Michigan, established in 2009. It specializes in designing and manufacturing orthopedic solutions specifically for shoulder replacement surgeries. The company's flagship product, the Total Shoulder Replacement System, features an innovative inset glenoid fixation technology, which enhances the stability and reliability of the glenoid implant—a critical factor in shoulder arthroplasty. This system aims to address the major challenge of implant fixation, which can lead to complications and the need for revision surgeries. Additionally, Shoulder Innovations provides the necessary surgical instrumentation that simplifies the implantation process, ultimately reducing operative time and costs. The company markets its products through distribution partners across the United States, focusing on improving patient outcomes and lowering overall healthcare expenses.

Honor

Series C in 2018
Honor Technology, Inc. operates an online platform that connects in-home caregivers with seniors and their families across several states, including California, Texas, New Mexico, Arizona, Ohio, and Michigan. Founded in 2014 and based in San Francisco, the company provides non-medical home care services aimed at helping older adults live safely and comfortably in their own homes. Honor leverages proprietary technology to screen and match caregivers with seniors based on their specific needs. The platform offers features such as the Honor Frame, which informs seniors about their caregivers and arrival times. Additionally, families can monitor caregiver activities and visit durations. By partnering with local agencies through the Honor Care Network, the company enhances caregiver recruiting, training, and scheduling, supporting a reliable and transparent care experience for older adults.

Aatmunn

Venture Round in 2017
Guardhat is a multi-product, feature-packed intelligent safety system that integrates cutting edge wearable technology and advanced proprietary software. It is equipped to detect, alert and help prevent hazardous industrial work-related incidents. It is designed to collect and analyze data to support and improve industrial worker safety programs.