What’s New @ AV — Issue #2
We share important news happening at Alumni Ventures, including recent portfolio updates and exits
Welcome to “What’s New @ AV,” where we cover important news from Alumni Ventures. This month, we share notable exits and uprounds from our portfolio, including CapitalRx, ConcealFab, Sesame, and more.1
See video policy below.
Recent Exits
Bend Financial was acquired by Webster Financial. The company developed a tech-enabled HSA management platform that uses AI to offer personalized guidance.
AV Funds Invested in Bend: Nassau Street Ventures, Strawberry Creek Ventures, Total Access Fund
ConcealFab was acquired by Valmont Industries and Ericsson. The company designs and builds telecom solutions that expand coverage and increase network capacity while requiring less space.
AV Funds Invested in ConcealFab: Blue Ivy Ventures, Purple Arch Ventures, Yard Ventures
Portfolio Fundraising News
Capital RX announced a $106M Series C led by B Capital Group with participation from General Catalyst. Capital RX is one of the fastest-growing pharmacy benefits management platforms.
AV Funds Invested in Capital RX: Castor Ventures, Lakeshore Ventures, Total Access Fund, Westwood Ventures
Stable announced a $60M Series B led by Acrew Capital with participation from Graycroft. Stable offers a risk management platform for businesses of all sizes to hedge commodities.
AV Funds Invested in Stable: Nassau Street Ventures, Strawberry Creek Ventures, Total Access Fund
Sesame announced a $27M Series B led by GV with participation from the Virgin Group. Sesame is a direct-pay marketplace for healthcare aimed at the uninsured or under-insured.
AV Funds Invested in Stable: Bascom Ventures, Green D Ventures, Nassau Street Ventures, Towerview Ventures
Portfolio Companies in the News
Hydrow announced it would be the official connected rowing equipment and training partner for US Triathlon. Hydrow recently announced a $55M Series D led by Constitution Capital.
AV Funds Invested in Capital RX: Blue Ivy Ventures, Castor Ventures, Green D Ventures, Total Access Fund, Yard Ventures
Jadu collaborated with Elton John on the sale of a rocket man hoverboard NFT to benefit the Elton John AIDS Foundation. Jadu recently announced a $36M Series A led by Bain Capital.
AV Funds Invested in Stable: Blockchain Fund, Chestnut Street Ventures, Deep Tech Fund, Nassau Street Ventures, Strawberry Creek Ventures, Total Access Fund, Yard Ventures
Obligo reached a partnership with Wells Fargo to offer the firm’s clients alternative options to traditional security deposits. Obligo recently announced a $35M Series B led by 83North.
AV Funds Invested in Stable: Purple Arch Ventures, Total Access Fund, Yard Ventures
Good News @ AV
AV recently achieved two critical milestones: Raising more than $1 billion from individual accredited investors and investing in over 1,000 unique portfolio companies. These achievements reflect the success of AV’s disruptive business model, democratizing access to venture capital for individual investors and entrepreneurs.
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Contact [email protected] for additional information. To see additional risk factors and investment considerations, visit av-funds.com/disclosures.
1For illustration purposes only. These investments are not intended to suggest any level of investment returns; not necessarily indicative of investments invested by any one fund or investor. Many returns in investments result in the loss of capital invested. These investments are not available to future fund investors except potentially in certain follow-on investment options. To see the performance of each exited investment for all Alumni Ventures funds over the last twelve months and our historical performance since 2014, click here.