Alumni Ventures

Alumni Ventures Group, LLC is a venture capital firm founded in 2013 and based in Manchester, New Hampshire, with additional offices in major cities across North America. The firm specializes in seed, early-stage, and late-stage pre-IPO investments, focusing on companies with an alumni connection and supported by established institutional lead investors. Alumni Ventures aims to provide accredited investors, particularly alumni from top entrepreneurial schools, with access to diversified venture portfolios that span various sectors and geographic regions. The firm typically invests between $0.01 million and $3 million and does not require board or observer seats in its portfolio companies. Through its managed fund families, Alumni Ventures enables investors to participate in a collaborative investment approach, fostering connections among alumni while facilitating investment opportunities in innovative ventures.

Rob Adams

Managing Partner

Gail Ball

Venture Scout

Andrew Baum

Vice President, Treasury and Capital Management

David Beazley

Executive Partner

Ali Byrd

Investor Advisory Council Member

Matt Caspari

Managing Partner, Strawberry Creek and amp; Deep Tech

Matt Castellini

Senior Associate

Helen Chen

CEO Services Analyst

Cainon Coates

Managing Partner

Michael Collins

CEO

Thomas Edwards

Associate

Yev Gelfand

Investor

Mason Hale

Senior Associate, Chestnut Street and Triphammer Ven

Jin Kim

Senior Vice President, Office of Investments

Lucas Kirshenbaum

VC Investor

Ron Levin

Managing Partner, AV Seed Fund and Doctors Innovate Fund

Jess Liu-Brown

Principal

Michael Madden

Co-Founder and Investment Professionals

Jonathan Meltzer

Managing Partner

Tom Meyer

Managing Partner, Nassau Street

Keith Murphy

Director, Video Programs

David Muson

CFO

Aisha Robinson

Comms Team VP of Strategic Communications

Saad Shaheen

Investor Operations Manager

Stephen Stolzenberg

Senior Associate

Justin Strausbaugh

Managing Partner, Lakeshore

Brittney Wade

Senior Associate, Seed Fund

Sarah Worden

Venture Scout

Wesley Yiu

Partner

Henri Yuan

Investor

Michael Yuann

Director of Investment Operations

Past deals in Open Source

StackHawk

Series B in 2022
StackHawk, Inc. is a software company established in 2019, headquartered in Denver, Colorado, that focuses on application security within the development and operations (DevOps) pipeline. The company provides a Software-as-a-Service platform designed to help developers identify and remediate security vulnerabilities in their applications both during development and after deployment. StackHawk's application allows users to scan for a variety of security issues, including SQL injection, cross site scripting, and open redirects, among others. By automating the scanning process and integrating it into the build pipeline, StackHawk aims to enhance the security of web properties and APIs, thereby assisting developers in preventing bugs from affecting production environments.

OpenComp

Series A in 2022
OpenComp is a compensation solution combining software, trusted market data, and expert consultation in one easy-to-use tool. The company's tool helps to see how changes in the organization will affect a company's cash and equity burn, enabling companies to accurately benchmark by gender and ethnicity within workforce.

SourceDay

Series C in 2022
SourceDay LLC is a software company based in Austin, Texas, that specializes in providing a Software-as-a-Service solution for purchase order management. Founded in 2013, SourceDay offers a platform that centralizes and automates the management of purchase orders, facilitating real-time collaboration between procurement teams and suppliers. Its features include tools for managing purchase order exceptions, requests for quotes, accounts payable collaboration, and quality control, along with mobile access and integration capabilities with various ERP systems such as Syteline, Epicor, and NetSuite. The company's solutions are designed primarily for manufacturing and distribution companies, aiming to enhance supplier performance and streamline procurement processes while reducing associated costs.

Stockpress

Seed Round in 2022
Stockpress is a file management platform that allows teams to organize, manage, collaborate and share files with others. It is a cloud file storage and management for teams.

OpenGov

Venture Round in 2021
OpenGov, Inc. provides a cloud-based platform designed to enhance budgeting, performance management, and transparency for public sector clients. Its offerings include OpenGov Intelligence, which supplies analytics and visualizations for decision-makers, and OpenGov Comparisons, facilitating benchmarking among governments within its network. The platform also features ERP software to streamline financial management for local governments and OpenGov Transparency, which allows the public to access financial data and track tax revenue usage. The company serves over 2,000 public agencies across 48 states, with notable clients including the State Treasurer of Ohio and the city of Minneapolis. OpenGov, founded in 2012 and headquartered in Redwood City, California, aims to empower governments with streamlined operational tools and relevant data to foster informed decision-making and enhance public outcomes.

Openprise

Series A in 2021
Openprise, Inc. operates a cloud-based data orchestration platform that automates critical data management processes for marketing and sales organizations. Founded in 2013 and based in San Mateo, California, the platform facilitates data onboarding, cleansing, enrichment, and unification across various systems. It enables users to ingest data from diverse sources, continuously cleanse and deduplicate marketing data in real time, and enrich it with additional information. Openprise also allows for precise segmentation of databases to create personalized marketing campaigns and consolidates data from multiple internal and external sources into a comprehensive view. By simplifying the management of marketing technologies, Openprise empowers data-driven teams to enhance operational efficiency and focus on revenue growth.

Sorcero

Venture Round in 2021
Sorcero, Inc. develops and offers office suite software. The company's no code platform enables deploying of AI (artificial intelligence) powered decision support and knowledge management applications. Sorcero, Inc. was founded in 2017 and is headquartered in Washington, District Of Columbia.

SourceDay

Convertible Note in 2021
SourceDay LLC is a software company based in Austin, Texas, that specializes in providing a Software-as-a-Service solution for purchase order management. Founded in 2013, SourceDay offers a platform that centralizes and automates the management of purchase orders, facilitating real-time collaboration between procurement teams and suppliers. Its features include tools for managing purchase order exceptions, requests for quotes, accounts payable collaboration, and quality control, along with mobile access and integration capabilities with various ERP systems such as Syteline, Epicor, and NetSuite. The company's solutions are designed primarily for manufacturing and distribution companies, aiming to enhance supplier performance and streamline procurement processes while reducing associated costs.

Opsera

Series A in 2021
Opsera is a provider of cloud-based continuous orchestration software aimed at automating CI/CD toolchains for software and DevOps engineers. Its platform facilitates self-service toolchain automation and offers features such as drag-and-drop declarative pipelines and unified insights. By enabling teams to select their preferred tools without scripting, Opsera enhances software delivery speed and efficiency while minimizing complexity and risk. The platform supports the entire DevOps lifecycle, allowing development teams to increase velocity, operations teams to improve efficiency, and business leaders to gain comprehensive visibility. Opsera's mission is to accelerate DevOps adoption, transforming it into a practical science that fosters peak innovation velocity within organizations.

Upstock

Seed Round in 2021
Upstock is a cloud-based equity management platform founded in 2015 and based in Norway. It offers a comprehensive solution designed to enhance collaboration among founders, investors, and team members by replacing traditional stock option systems with a more efficient and equitable model. The platform provides a framework that helps organizations manage equity distribution and increase financial runway at a low monthly cost. A key feature is its dynamic performance-based equity dashboard, which is designed to motivate stakeholders by aligning their interests with the long-term success of the company. Upstock also incorporates automatically updated best practices tailored to various regulatory environments, along with legal documentation to mitigate potential taxation issues associated with stock options and restricted stock units. The platform has been in limited beta testing and was set to launch publicly in 2019.

Upstock

Seed Round in 2021
Upstock is a cloud-based equity management platform founded in 2015 and based in Norway. It offers a comprehensive solution designed to enhance collaboration among founders, investors, and team members by replacing traditional stock option systems with a more efficient and equitable model. The platform provides a framework that helps organizations manage equity distribution and increase financial runway at a low monthly cost. A key feature is its dynamic performance-based equity dashboard, which is designed to motivate stakeholders by aligning their interests with the long-term success of the company. Upstock also incorporates automatically updated best practices tailored to various regulatory environments, along with legal documentation to mitigate potential taxation issues associated with stock options and restricted stock units. The platform has been in limited beta testing and was set to launch publicly in 2019.

CoScreen

Seed Round in 2021
CoScreen is a developer of screen-sharing software aimed at enhancing remote collaboration. Its innovative platform transforms a secondary display into a shared team desktop, allowing multiple users to share their application windows simultaneously. Each participant has their own mouse pointer, which promotes interaction as if they were operating their own systems. Additionally, the primary desktop remains private, ensuring that sensitive information is not exposed during collaborative sessions. This functionality supports efficient teamwork and seamless communication in a remote work environment.

bit.io

Seed Round in 2021
Bit.io develops a shareable cloud database that allows users to store, query, and securely share data. The platform is designed to be zero-configurable and scalable, enabling users to create an empty database with a single click. It eliminates the need for complex administration, identity and access management, and firewall rules, making it easier for users to manage their data without hidden fees or complicated pricing models. Users can upload databases to the platform and share them with others, specifying access levels to facilitate collaboration. Additionally, the platform incorporates social and community features akin to those found on GitHub, enhancing user interaction and data sharing capabilities.

Ocient

Series B in 2021
Ocient Inc., founded in 2018 and based in Chicago, Illinois, specializes in analytical software solutions designed for managing large-scale databases. The company focuses on developing a near-real-time database and data analytics platform capable of handling petabyte- to exabyte-scale data sets. Established by a team with a notable history in the software industry, Ocient benefits from a highly skilled engineering team composed of computer scientists from prestigious universities and organizations. The company aims to provide innovative solutions that enhance data analysis capabilities for its clients.

Okera

Series B in 2020
Okera Inc. is a data management company that operates the Okera Active Data Access Platform, which facilitates secure and efficient data provisioning, access, governance, and auditing. Founded in 2016 and headquartered in San Francisco, with an additional office in Seattle, Okera focuses on addressing challenges related to data access and governance in hybrid and multi-cloud environments, including AWS and Azure. The platform features capabilities such as automatic discovery and auditing of data lakes, a no-code visual policy engine for creating access policies, and the enforcement of fine-grained access controls. This allows organizations to manage data security, privacy, and compliance effectively while empowering data teams to leverage their data for innovation and growth. The company was previously known as Cerebro Data, Inc. before rebranding in May 2018.

Openprise

Venture Round in 2019
Openprise, Inc. operates a cloud-based data orchestration platform that automates critical data management processes for marketing and sales organizations. Founded in 2013 and based in San Mateo, California, the platform facilitates data onboarding, cleansing, enrichment, and unification across various systems. It enables users to ingest data from diverse sources, continuously cleanse and deduplicate marketing data in real time, and enrich it with additional information. Openprise also allows for precise segmentation of databases to create personalized marketing campaigns and consolidates data from multiple internal and external sources into a comprehensive view. By simplifying the management of marketing technologies, Openprise empowers data-driven teams to enhance operational efficiency and focus on revenue growth.

OpenGov

Venture Round in 2019
OpenGov, Inc. provides a cloud-based platform designed to enhance budgeting, performance management, and transparency for public sector clients. Its offerings include OpenGov Intelligence, which supplies analytics and visualizations for decision-makers, and OpenGov Comparisons, facilitating benchmarking among governments within its network. The platform also features ERP software to streamline financial management for local governments and OpenGov Transparency, which allows the public to access financial data and track tax revenue usage. The company serves over 2,000 public agencies across 48 states, with notable clients including the State Treasurer of Ohio and the city of Minneapolis. OpenGov, founded in 2012 and headquartered in Redwood City, California, aims to empower governments with streamlined operational tools and relevant data to foster informed decision-making and enhance public outcomes.

OpenInvest

Series A in 2018
OpenInvest is a Public Benefit Corporation and asset manager that uses technology to mainstream customized ethical investing. OpenInvest is a YCombinator and Andreessen Horowitz-backed startup powering the post-fund future. Their team of senior technologists from the hedge fund industry and civil society leaders is first tackling under-served markets in customized ESG asset management. With seed funding, the team has built fully integrated and proprietary direct-indexing construction, management, trading, proxy voting, and UX systems that now serve thousands of customers. Founded in 2015, the company is headquartered in San Francisco, California, United States.

Ocient

Series A in 2018
Ocient Inc., founded in 2018 and based in Chicago, Illinois, specializes in analytical software solutions designed for managing large-scale databases. The company focuses on developing a near-real-time database and data analytics platform capable of handling petabyte- to exabyte-scale data sets. Established by a team with a notable history in the software industry, Ocient benefits from a highly skilled engineering team composed of computer scientists from prestigious universities and organizations. The company aims to provide innovative solutions that enhance data analysis capabilities for its clients.
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