Alumni Ventures Group

Alumni Ventures Group is a venture capital firm based in Manchester, New Hampshire, with offices across North America. It provides access to venture investing for individual accredited investors, particularly alumni networks, by offering diversified portfolios of venture opportunities and allowing members to invest alongside fellow alumni in ventures led by peers. The firm backs early-stage and later-stage opportunities across technology, consumer, healthcare, financial services, and other sectors, with a sector- and geography-agnostic approach. It typically invests between $10,000 and $3 million per deal and emphasizes the involvement of alumni connections and an institutional lead investor in opportunities. Alumni Ventures also offers focused funds to broaden participation, enabling accredited investors to access venture portfolios diversified by type, sector, stage, and geography. The model aims to democratize access to venture capital while maintaining rigorous selection standards through alumni networks.

Andrew Baum

Vice President, Treasury and Capital Management

David Beazley

Managing Partner

Matthew Caspari

Managing Partner

Matt Castellini

Senior Associate

Helen Chen

CEO Services Analyst

Past deals in Energy

Mojave Energy Systems

Series A in 2024
Mojave Energy Systems specializes in manufacturing energy-efficient air conditioning solutions for commercial buildings. Their products include ventilation systems, dedicated outdoor air systems (DOAS), and liquid desiccant air conditioners designed to reduce energy consumption by approximately half compared to conventional systems, thereby lowering operational costs and carbon footprint.

X-energy

Series C in 2024
X-energy is a developer of advanced modular nuclear reactors and fuel technology for clean energy generation. The company manufactures fuel that seals uranium particles in a protective coating, making meltdown impossible. It develops safe and efficient reactors and proprietary fuel to deliver reliable, zero-carbon, affordable energy to people worldwide. The simplified, modular, and high-temperature gas reactor design expands applications and markets for the deployment of nuclear technology.

Jasmine Energy

Funding Round in 2024
Jasmine Energy develops an AI-powered platform designed to automate back-office operations for solar developers and operators. The platform uses artificial intelligence to read facts about solar generators from unstructured data such as PDFs and populate information on government or regulator websites, while also enabling users to track prices, verify renewable energy generators, and buy and sell Energy Attribute Certificates. By facilitating data extraction and regulatory entry, the solution supports investors in diversifying their portfolios with sustainable assets that align with investment strategies.

AirMyne

Seed Round in 2024
AirMyne is a next-generation Direct Air Capture company focused on removing carbon dioxide from the atmosphere. Established in 2022 by experienced professionals in the deep tech sector through Y Combinator, the company has developed a patented technology that employs a liquid capture agent combined with a low-temperature thermal regeneration process. This innovative approach allows for integration with various low-carbon energy sources and utilizes inputs that are both cost-effective and easily sourced. By providing efficient carbon removal solutions, AirMyne aims to assist companies and organizations in achieving their net-zero emissions targets while scaling its operations in the carbon removal sector.

Thea Energy

Series A in 2024
Thea Energy is developing scalable fusion energy technology using arrays of mass-manufacturable magnets and dynamic software controls. Its proprietary stellarator architecture aims to generate a limitless source of zero-emission power, contributing to a sustainable future.

Mojave Energy Systems

Seed Round in 2023
Mojave Energy Systems specializes in manufacturing energy-efficient air conditioning solutions for commercial buildings. Their products include ventilation systems, dedicated outdoor air systems (DOAS), and liquid desiccant air conditioners designed to reduce energy consumption by approximately half compared to conventional systems, thereby lowering operational costs and carbon footprint.

AirMyne

Seed Round in 2022
AirMyne is a next-generation Direct Air Capture company focused on removing carbon dioxide from the atmosphere. Established in 2022 by experienced professionals in the deep tech sector through Y Combinator, the company has developed a patented technology that employs a liquid capture agent combined with a low-temperature thermal regeneration process. This innovative approach allows for integration with various low-carbon energy sources and utilizes inputs that are both cost-effective and easily sourced. By providing efficient carbon removal solutions, AirMyne aims to assist companies and organizations in achieving their net-zero emissions targets while scaling its operations in the carbon removal sector.

RenewaFi

Seed Round in 2022
RenewaFi operates a renewable energy marketplace platform designed to enhance transparency and liquidity in power purchase agreements (PPAs). The platform automates actions, facilitates proposal comparisons, and streamlines deal execution, enabling businesses to secure offtake efficiently.

X-energy

Series B in 2021
X-energy is a developer of advanced modular nuclear reactors and fuel technology for clean energy generation. The company manufactures fuel that seals uranium particles in a protective coating, making meltdown impossible. It develops safe and efficient reactors and proprietary fuel to deliver reliable, zero-carbon, affordable energy to people worldwide. The simplified, modular, and high-temperature gas reactor design expands applications and markets for the deployment of nuclear technology.

Ghost Robotics

Seed Round in 2021
Founded in 2015, Ghost Robotics specializes in developing autonomous legged robots designed for military, industrial, mining, energy, public safety, and last-mile delivery applications. Their quadrupedal unmanned ground vehicles (Q-UGVs) excel in unstructured terrain and rough environments, offering superior agility and speed compared to wheeled or tracked devices.

FreeWire

Series C in 2021
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers, focused on providing innovative charging solutions that enhance the accessibility of EV charging infrastructure. Established in 2014 and based in San Leandro, California, the company produces several models, including the Mobi Charger v0, v1, and v2, which cater to varying charging needs and capabilities. FreeWire’s flagship product, the Boost Charger, integrates battery technology with power conversion systems, allowing for high-power charging without the need for extensive grid upgrades. This technology enables ultrafast charging at locations that typically lack sufficient electrical infrastructure. FreeWire has successfully deployed its battery-integrated chargers across the United States, serving Fortune 100 companies, commercial clients, fleets, and retail spaces, and has partnered with major organizations to expand its reach. Additionally, the company's systems provide clean and quiet power solutions, effectively replacing or supplementing diesel generators for various remote power applications, thereby supporting the transition away from fossil fuels.

Point Load Power

Venture Round in 2019
Point Load Power is a renewable energy company focused on providing solar energy solutions for commercial and industrial buildings with flat rooftops. The company specializes in developing and marketing energy technology services, including rooftop solar tracking systems, which enhance the value of these properties. By enabling clients to implement solar energy solutions, Point Load Power offers efficiencies and cost savings for building owners and tenants, contributing to a transition towards net-zero energy usage. The company's expertise lies in integrating renewable energy systems with building automation to optimize energy consumption and sustainability in the commercial sector.

FreeWire

Series A in 2018
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers, focused on providing innovative charging solutions that enhance the accessibility of EV charging infrastructure. Established in 2014 and based in San Leandro, California, the company produces several models, including the Mobi Charger v0, v1, and v2, which cater to varying charging needs and capabilities. FreeWire’s flagship product, the Boost Charger, integrates battery technology with power conversion systems, allowing for high-power charging without the need for extensive grid upgrades. This technology enables ultrafast charging at locations that typically lack sufficient electrical infrastructure. FreeWire has successfully deployed its battery-integrated chargers across the United States, serving Fortune 100 companies, commercial clients, fleets, and retail spaces, and has partnered with major organizations to expand its reach. Additionally, the company's systems provide clean and quiet power solutions, effectively replacing or supplementing diesel generators for various remote power applications, thereby supporting the transition away from fossil fuels.

BlastPoint

Seed Round in 2018
BlastPoint provides big data and AI-powered analytics platforms that help organizations understand their customers, uncover trends, and optimize revenue growth. The platform enables clients to discover, target, and engage individuals within their data, delivering immediate answers to customer engagement questions and guiding actions across the customer lifecycle. It serves enterprises and nonprofits across energy, financial services, automotive, retail, and franchise sectors, turning data into actionable insights about territories and trends.

FreeWire

Series A in 2018
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers, focused on providing innovative charging solutions that enhance the accessibility of EV charging infrastructure. Established in 2014 and based in San Leandro, California, the company produces several models, including the Mobi Charger v0, v1, and v2, which cater to varying charging needs and capabilities. FreeWire’s flagship product, the Boost Charger, integrates battery technology with power conversion systems, allowing for high-power charging without the need for extensive grid upgrades. This technology enables ultrafast charging at locations that typically lack sufficient electrical infrastructure. FreeWire has successfully deployed its battery-integrated chargers across the United States, serving Fortune 100 companies, commercial clients, fleets, and retail spaces, and has partnered with major organizations to expand its reach. Additionally, the company's systems provide clean and quiet power solutions, effectively replacing or supplementing diesel generators for various remote power applications, thereby supporting the transition away from fossil fuels.

FreeWire

Series A in 2017
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers, focused on providing innovative charging solutions that enhance the accessibility of EV charging infrastructure. Established in 2014 and based in San Leandro, California, the company produces several models, including the Mobi Charger v0, v1, and v2, which cater to varying charging needs and capabilities. FreeWire’s flagship product, the Boost Charger, integrates battery technology with power conversion systems, allowing for high-power charging without the need for extensive grid upgrades. This technology enables ultrafast charging at locations that typically lack sufficient electrical infrastructure. FreeWire has successfully deployed its battery-integrated chargers across the United States, serving Fortune 100 companies, commercial clients, fleets, and retail spaces, and has partnered with major organizations to expand its reach. Additionally, the company's systems provide clean and quiet power solutions, effectively replacing or supplementing diesel generators for various remote power applications, thereby supporting the transition away from fossil fuels.

Sparkfund

Series B in 2017
Founded in 2013, Sparkfund is a financial technology company that enables businesses to pay for energy-efficient products and services over time. It provides software platforms and tools to facilitate 'As a Service' sales.

Bloom Energy

Venture Round in 2016
Bloom Energy designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation. Its core product, Bloom Energy Server, converts natural gas or biogas into electricity through an electrochemical process without combustion. Serving diverse industries such as technology, finance, healthcare, and government sectors, Bloom Energy operates primarily in the United States, Asia, and other regions.

EnergySavvy

Series D in 2016
EnergySavvy, Inc. is a cloud software company that specializes in providing utility solutions aimed at enhancing customer intelligence, engagement, and action. Founded in 2008 and based in Seattle, Washington, with additional offices in Boulder, Denver, and Cambridge, EnergySavvy offers a cloud-based home energy platform and various software products designed to help consumers understand their energy consumption and reduce utility costs. The company's key offerings include Program Optix and Online Audit, alongside program management services tailored for utilities implementing energy efficiency initiatives. EnergySavvy also provides valuable information on home energy rebates, tax credits, incentives, and financing options. With nearly 40 utility clients and state programs utilizing its services, EnergySavvy focuses on transforming the customer experience and improving operational efficiency in the utilities sector, leveraging expertise in software, user experience, and analytics.

Sparkfund

Venture Round in 2016
Founded in 2013, Sparkfund is a financial technology company that enables businesses to pay for energy-efficient products and services over time. It provides software platforms and tools to facilitate 'As a Service' sales.

Bloom Energy

Convertible Note in 2015
Bloom Energy designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation. Its core product, Bloom Energy Server, converts natural gas or biogas into electricity through an electrochemical process without combustion. Serving diverse industries such as technology, finance, healthcare, and government sectors, Bloom Energy operates primarily in the United States, Asia, and other regions.

ecoVent

Seed Round in 2014
Ecovent is a Boston-based company that specializes in providing an innovative wireless system for controlling room temperature in homes. Founded in 2013, it offers a solution to the inefficiencies of traditional heating and cooling systems, which typically rely on a single thermostat. Ecovent's technology includes wireless vents and sensors that allow users to achieve room-by-room temperature control, ensuring comfort while reducing energy waste. Homeowners can adjust the temperature, open or close vents, and access climate data through a mobile app, tablet, or web interface. This user-friendly system can be installed quickly and easily without the need for specialized tools or invasive construction, making it a practical choice for the over 200 million Americans with forced-air heating and cooling systems.
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