Alumni Ventures Group Announces the Launch of Its New AVG Emerging Markets Fund
March 18, 2021 | Abree Murch
MANCHESTER, NH — March 18, 2021 — Alumni Ventures, one of the world’s most active venture capital firms, has announced the April 1 launch of its AVG Emerging Markets Fund.
The Emerging Markets Fund will focus on deploying capital to support innovative companies in business ecosystems outside the traditional U.S. hubs of Silicon Valley, New York City, and Boston. Approximately half of the investments will be made in emerging U.S. markets, the other half in companies based or doing most of their business abroad. This new fund, open to any accredited investor, will compile a broad portfolio of ~20-30 investments over the next 12-15 months. Alumni Ventures selects from deals invested in by actively managed Alumni Ventures funds and vets them for their fit with the Emerging Markets Fund thesis. Key to the investing model is providing investors with a portfolio diversified across sector, stage, geography, and lead investor. The fund will close to new investors on June 30, 2021.
“The past 50 years of venture investing have been largely dominated by three key venture hubs in the U.S.,” observes Michael Collins, CEO of Alumni Ventures. “We argue that the future will be different. In the U.S., we see geographic arbitrage through great startups in cities like Seattle, Austin, Salt Lake City, and St. Louis. Across the world, ecosystems like Canada, Israel, India, and parts of Europe and China are particularly active. We aim to give our investors access to a much more diffuse market within the U.S. and globally.”
The fund has already made several investments including in dental insurance disruptor Beam Dental, natural language processor Lang.ai, digital privacy service Tripleblind, AI-enabled bus model Kolors, and healthcare clinician marketplace Matchwell. Alumni Ventures will also reserve approximately 20 percent of the fund for follow-on opportunities.
This press release is not an invitation to purchase Alumni Ventures Group, LLC’s (the “Company”) securities or an endorsement thereof, nor is it an invitation to invest in funds managed by the Company. Any offerings of the Company’s securities or the securities issued by any funds managed by the Company are made solely to accredited investors through formal offering materials that must be considered with your professional advisor before an investment decision is made. Contact email@example.com for additional information. To see additional risk factors and investment considerations, visit avgfunds.com/Disclosures.
[This press release contains forward-looking statements including, but not limited to statements regarding the Company’s future financial performance, the expectations regarding certain funds, the Company’s plans and expectations for fundraising, carry receipts, growth and the future growth of the market. All statements contained in this press release other than statements of historical fact are forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. Actual events or results may differ materially from those discussed in the forward-looking statements. These forward-looking statements reflect our view only as of the date of this press release. Except as required by law, the Company undertakes no obligation to update any forward-looking statements.]
About Alumni Ventures Group
Alumni Ventures Group offers accredited investors a smart, simple way to invest in venture capital — a key asset class missing from the portfolios of many sophisticated investors. Since launching its first venture fund in 2014, AVG has grown to offer 18 alumni funds and five focused funds, serving a network of over 550,000 community members and subscribers. Evaluating hundreds of opportunities every year and selecting the most promising for fund portfolios, AVG was listed by Pitchbook as the most active VC firm in the U.S. in 2020, per PitchBook’s 2020 Annual Global League Tables. AVG funds are private, for-profit and not affiliated with or sanctioned by any school. For more information about AVG, visit avgfunds.com.
Media Contact Info
Alumni Ventures Group
788 Elm St.
Manchester, NH 03101