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

Helen Chen

CEO Services Analyst

Cainon Coates

Partner

Michael Collins

Investor

Past deals in Mechanical Engineering

Magdrive

Seed Round in 2025
Magdrive Limited, established in 2019 and headquartered in Didcot, United Kingdom, specializes in developing advanced spacecraft propulsion systems tailored for small satellites. The company's innovative technology features a plasma thruster that combines the high thrust of chemical rockets with the high efficiency of electric thrusters. This dual capability allows spacecraft to travel faster and longer while reducing propellant requirements, thereby lowering costs and improving fuel efficiency for satellite maneuvers and missions in Low Earth Orbit (LEO).

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.

Astro Mechanica

Seed Round in 2024
Astro Mechanica designs innovative jet engines. Its Electric Adaptive Engine uses electric motors to drive the compressor, allowing it to spin at variable speeds and adapt its speed and combustion cycle. This technology enables businesses to manufacture aircraft with lower fuel consumption.

Divergent

Series D in 2023
Divergent develops and manufactures 3D-printed cars and has created the Divergent Adaptive Production System (DAPS), an end-to-end software-hardware platform for industrial digital manufacturing. DAPS enables customers to design, additively manufacture, and automatically assemble complex vehicle structures for automotive, aerospace, and defense applications. The system aims to optimize designs, reduce material use, and eliminate upfront capital expenditure by removing tooling needs and dematerializing components, thereby improving manufacturing efficiency and environmental sustainability across vehicle programs. Divergent's approach targets radical reductions in cost and lead times while enabling scalable, custom manufacturing, addressing decarbonization and demand for lighter, stronger structures.

Machina Labs

Series B in 2023
Machina Labs is a manufacturing firm specializing in automated metal forming and fabrication processes. It leverages AI and machine learning, along with advanced robotics, to efficiently produce composite and metal products for aerospace, automotive, consumer goods, and defense industries.

Venus Aerospace

Venture Round in 2023
Founded in 2020, Venus Aerospace is a startup focused on engineering the future of hypersonic flight. The company specializes in developing rotating detonation rocket engines (RDRE) and high-speed vehicles for research, defense, and commercial missions, aiming to provide fast transportation with improved range and performance at a cost-effective rate.

Formlogic

Series A in 2023
Formlogic is an autonomous manufacturing technology company focused on delivering precision components for the space and frontier industries. By addressing the challenges of the domestic supply chain, Formlogic enhances manufacturing capabilities, allowing both novice and expert workers to achieve high levels of precision and productivity. The company's technology enables rapid turnaround times for custom machined components, with production orders completed in weeks rather than months. Additionally, Formlogic provides real-time order status updates, improving the overall customer experience. Through its innovative approach, Formlogic aims to revolutionize the manufacturing process, ensuring close tolerances and efficient production at scale.

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.

Divergent

Series C in 2022
Divergent develops and manufactures 3D-printed cars and has created the Divergent Adaptive Production System (DAPS), an end-to-end software-hardware platform for industrial digital manufacturing. DAPS enables customers to design, additively manufacture, and automatically assemble complex vehicle structures for automotive, aerospace, and defense applications. The system aims to optimize designs, reduce material use, and eliminate upfront capital expenditure by removing tooling needs and dematerializing components, thereby improving manufacturing efficiency and environmental sustainability across vehicle programs. Divergent's approach targets radical reductions in cost and lead times while enabling scalable, custom manufacturing, addressing decarbonization and demand for lighter, stronger structures.

Vertiq

Series B in 2022
Vertiq develops high‑performance propulsion systems for unmanned aerial vehicles. Its products combine lightweight motors and electronic speed controllers with embedded position sensors, delivering precise speed and position control, fast response times, and real‑time motor health monitoring. Rigorous quality control testing ensures reliability, while the integrated design allows manufacturers to enhance flight time, maneuverability, and overall vehicle performance. The systems are compatible with custom firmware and accessories, supporting both commercial and defense drone applications.

Formlogic

Series A in 2021
Formlogic is an autonomous manufacturing technology company focused on delivering precision components for the space and frontier industries. By addressing the challenges of the domestic supply chain, Formlogic enhances manufacturing capabilities, allowing both novice and expert workers to achieve high levels of precision and productivity. The company's technology enables rapid turnaround times for custom machined components, with production orders completed in weeks rather than months. Additionally, Formlogic provides real-time order status updates, improving the overall customer experience. Through its innovative approach, Formlogic aims to revolutionize the manufacturing process, ensuring close tolerances and efficient production at scale.

Venus Aerospace

Seed Round in 2021
Founded in 2020, Venus Aerospace is a startup focused on engineering the future of hypersonic flight. The company specializes in developing rotating detonation rocket engines (RDRE) and high-speed vehicles for research, defense, and commercial missions, aiming to provide fast transportation with improved range and performance at a cost-effective rate.

Linear Labs

Venture Round in 2020
Linear Labs specializes in manufacturing innovative electric motors designed for various industries such as electric vehicles, robotics, wind turbines, and HVAC systems. Incorporated in 2012, the company is headquartered in Fort Worth, Texas.

Modbot

Venture Round in 2018
Modbot Inc., established in 2013 and based in San Francisco, specializes in developing a cloud-based robotics platform that democratizes access to advanced automation technology. Their modular system enables hobbyists, academics, students, and professionals to create and customize robots using affordable, reusable components, bridging the gap between low-cost DIY projects and high-end industrial equipment. The platform offers industrial-grade precision and power, fostering innovation across various industries such as manufacturing, education, engineering, and consumer robotics.

Akselos

Venture Round in 2018
Akselos is a technology company that develops Integra, a cloud-based engineering simulation platform and digital twin for asset-centric industries. The platform enables engineers to build high-resolution, component-based models of large systems and run parameterized simulations that cover geometric and physical properties, loads, and boundary conditions. It supports hydrodynamic analysis of floating assets and structural assessment of fixed offshore installations, as well as analysis of composites used in wind blades, pressure vessels, pipelines, and rotating machines. Designed for design, virtual prototyping, and real-time monitoring, Integra leverages fast, patented algorithms that can model large-scale assets on portable hardware. The company's vision emphasizes preventative maintenance and reduced unplanned downtime through real-time asset condition and future-state insights, often described as a digital twin with sensors and big data analytics. Akselos was founded in 2011 in Lausanne, with a Cambridge, Massachusetts office and operations in Europe, the USA, and Southeast Asia.

Horsepower Technologies

Venture Round in 2017
Horsepower Technologies Inc. is an animal healthcare company specializing in the manufacture of rehabilitative orthotics for horses. Founded in 2008 and headquartered in Lowell, Massachusetts, the company develops innovative products designed to facilitate the safe recovery of injured horses. Its flagship product, FastTrack, features protective padding for shock absorption and durability, a hard shell cuff for musculoskeletal support, and a mechanism to limit the extension of the fetlock joint. The technology aids in redirecting weight-bearing forces away from healing tendons and ligaments, allowing horses to resume moderate exercise safely and effectively. Horsepower Technologies sells its products online, aiming to enhance recovery outcomes for horses experiencing lameness.

Divergent

Series B in 2017
Divergent develops and manufactures 3D-printed cars and has created the Divergent Adaptive Production System (DAPS), an end-to-end software-hardware platform for industrial digital manufacturing. DAPS enables customers to design, additively manufacture, and automatically assemble complex vehicle structures for automotive, aerospace, and defense applications. The system aims to optimize designs, reduce material use, and eliminate upfront capital expenditure by removing tooling needs and dematerializing components, thereby improving manufacturing efficiency and environmental sustainability across vehicle programs. Divergent's approach targets radical reductions in cost and lead times while enabling scalable, custom manufacturing, addressing decarbonization and demand for lighter, stronger structures.

Akselos

Venture Round in 2017
Akselos is a technology company that develops Integra, a cloud-based engineering simulation platform and digital twin for asset-centric industries. The platform enables engineers to build high-resolution, component-based models of large systems and run parameterized simulations that cover geometric and physical properties, loads, and boundary conditions. It supports hydrodynamic analysis of floating assets and structural assessment of fixed offshore installations, as well as analysis of composites used in wind blades, pressure vessels, pipelines, and rotating machines. Designed for design, virtual prototyping, and real-time monitoring, Integra leverages fast, patented algorithms that can model large-scale assets on portable hardware. The company's vision emphasizes preventative maintenance and reduced unplanned downtime through real-time asset condition and future-state insights, often described as a digital twin with sensors and big data analytics. Akselos was founded in 2011 in Lausanne, with a Cambridge, Massachusetts office and operations in Europe, the USA, and Southeast Asia.

Akselos

Venture Round in 2016
Akselos is a technology company that develops Integra, a cloud-based engineering simulation platform and digital twin for asset-centric industries. The platform enables engineers to build high-resolution, component-based models of large systems and run parameterized simulations that cover geometric and physical properties, loads, and boundary conditions. It supports hydrodynamic analysis of floating assets and structural assessment of fixed offshore installations, as well as analysis of composites used in wind blades, pressure vessels, pipelines, and rotating machines. Designed for design, virtual prototyping, and real-time monitoring, Integra leverages fast, patented algorithms that can model large-scale assets on portable hardware. The company's vision emphasizes preventative maintenance and reduced unplanned downtime through real-time asset condition and future-state insights, often described as a digital twin with sensors and big data analytics. Akselos was founded in 2011 in Lausanne, with a Cambridge, Massachusetts office and operations in Europe, the USA, and Southeast Asia.
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