Alumni Ventures Group Launches Post-COVID VC Fund
AVG’s new fund will invest in companies building a post-COVID world
MANCHESTER, N.H.-- Alumni Ventures Group (AVG), one of the world’s most active VC firms, announced the opening of a new fund focused on investing in aiming to accelerate the world’s recovery from the COVID-19 crisis. The Post-COVID Fund will invest in ventures that either directly or indirectly address the impacts of the virus and that demonstrate strong resilience (anti-fragility) in the face of COVID- and recession-related challenges.
Target sectors include healthcare, healthtech, technology, services, data monitoring and analysis, learning, payments, communications, entertainment, and others.
“We believe this pandemic has changed our world forever.”
- Michael Collins, CEO of Alumni Ventures Group.
“Trends will accelerate. Whole new markets will emerge. Industries will be reshaped, and new approaches taken as we start to tackle the problems and opportunities inherent in our post-COVID world. Out of this crisis, we expect to see dozens of new market leaders created who will be attractive investments in both the near and longer term. We think it’s an excellent time to be a venture investor focused on this new reality.”
The 10-year venture fund is targeting an initial raise of $10 million and will co-invest exclusively with established venture firms. The fund’s portfolio will include follow-on investments in AVG’s existing portfolio of more than 430 companies, as well as new investments vetted and secured by AVG’s 16 alumni funds and team of investment professionals.
AVG offers over 20 private venture funds, primarily for alumni from leading academic institutions including Harvard, Stanford, Cornell, MIT, Princeton, Yale, and Dartmouth. The Post-COVID Fund is open to any accredited investor.
As Collins noted, “The Post-COVID Fund is a response to the fact that this virus is affecting everyone. We think all communities should come together to support problem solvers. Both AVG and our investors want to help play a role in how society moves beyond COVID-19. It’s a chance to do good for the world and do well through your portfolio.”
AVG was ranked by PitchBook as the third most active fund in the U.S. in 2019. AVG funds are private, for-profit, and not affiliated with or sanctioned by any school. For more information about AVG, visit avgfunds.com.