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What’s New @ AV — Issue #2

We share important news happening at Alumni Ventures, including recent portfolio updates and exits

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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.

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Alumni Ventures

Alumni Ventures is a network-powered VC firm that helps accredited individuals invest in venture capital.

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Video Policy: By consuming this content I acknowledge that I may be considering an investment with AV funds for my own or my client’s account. I agree that information contained herein may not be relied upon or used for any other purpose. Offers to purchase securities are only made through formal offering documents, which describe risks (which are significant), terms, and other important information that must be considered before an investment decision is made. To see Important Disclosure Information, visit: https://av-funds.com/disclosures.

Testimonial/Endorsement Policy: Testimonials/Endorsements were provided by the participants without compensation, but each participant has a relationship with Alumni Ventures (AV) from which they benefit. All views expressed are the individual’s own and do not represent the experience of all AV fund investors or companies in which AV funds invest. Please note that testimonials are no guarantee of future performance or success. Any provider of an endorsement that is affiliated with a portfolio company Alumni Ventures has received investment funding from AV, and may in the future seek and/or receive additional funding from AV. This circumstance constitutes a conflict of interest. Providers of testimonials or endorsements were not chosen at random or according to any objective basis, but rather on the basis of their relationship with AV.

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Alumni Ventures is America’s largest VC firm for individual investors based on the combination of total capital raised, number of investments, and number of investors of leading VC firms as reported by Pitchbook and other publicly available information reviewed by AV.

(1) Internal Rate of Return (IRR) for AV Funds is net of management fees and incentive allocations applied to amounts distributed to investors, and gross of incentive allocations applicable to unrealized gains on investments held by AV Funds. IRR for AV Funds includes uninvested cash, unrealized investments, and amounts distributed to investors. The IRR shown for the Russell 2000 indices are gross of fees because indices are not managed investments, and it is not possible to invest directly in an index. For additional information see av-funds.com/disclosures. All investment involves risk, including risk of loss. Past performance is not necessarily indicative of future results. For more information on AV Funds’ investment returns, please see here.

Not an offer to sell, or a solicitation of an offer to purchase, any security. Such offers are only made pursuant to the formal offering documents for the fund, that describe the risks (which are significant), terms, and other important information that must be considered before an investment decision is made.
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