Alumni Ventures Group

Alumni Ventures Group is a venture capital firm based in Manchester, New Hampshire, with offices across North America. It provides access to venture investing for individual accredited investors, particularly alumni networks, by offering diversified portfolios of venture opportunities and allowing members to invest alongside fellow alumni in ventures led by peers. The firm backs early-stage and later-stage opportunities across technology, consumer, healthcare, financial services, and other sectors, with a sector- and geography-agnostic approach. It typically invests between $10,000 and $3 million per deal and emphasizes the involvement of alumni connections and an institutional lead investor in opportunities. Alumni Ventures also offers focused funds to broaden participation, enabling accredited investors to access venture portfolios diversified by type, sector, stage, and geography. The model aims to democratize access to venture capital while maintaining rigorous selection standards through alumni networks.

Rob Adams

Managing Partner

Andrew Baum

Vice President, Treasury and Capital Management

David Beazley

Managing Partner

Matthew Caspari

Managing Partner

Matt Castellini

Senior Associate

Past deals in Semiconductor

Ion Storage Systems

Series A in 2024
Founded in 2015, Ion Storage Systems specializes in manufacturing solid-state lithium-ion batteries. The company serves the defense and aerospace, consumer electronics, and electric vehicles industries by developing energy-dense, safe, and non-flammable batteries using low-cost materials.

EeroQ

Seed Round in 2024
EeroQ is a company focused on designing quantum computer chips, specifically utilizing a novel approach that involves trapping and controlling individual electrons on superfluid helium. Founded to address the challenges in building large-scale quantum computers, EeroQ aims to advance the practical application of quantum technology through its innovative electron-on-helium architecture. This technology harnesses the purity of superfluid helium to preserve the intrinsic quantum properties of each electron, effectively creating qubits that enhance computing power delivery. Developed in collaboration with Michigan State University, EeroQ's core technology is protected by patents, positioning the company to lead advancements in the quantum computing field while also fostering discussions on ethical guidelines to ensure the technology's positive impact.

NeuReality

Venture Round in 2024
NeuReality is a semiconductor start-up that specializes in designing AI-as-a-service infrastructure to meet the needs of the rapidly expanding AI landscape across cloud, edge, and fog systems. The company develops purpose-built AI-centric architecture, focusing on server-on-chip solutions that reconfigure inference technologies, including computer vision, natural language processing, and recommendation engines. This innovative approach simplifies the implementation of advanced AI functionalities for organizations with limited technical expertise, allowing clients to reduce costs and energy consumption by moving away from traditional CPU-centric models. NeuReality aims to facilitate the adoption of AI technologies across various sectors, making them more accessible and efficient.

Inchfab

Seed Round in 2023
Inchfab develops proprietary microchip manufacturing tools and provides a microfabrication platform that supports prototyping and low-volume production for semiconductor and micromechanical IoT chips. The tools are designed for cost-effectiveness and scalability, enabling clients to design and manufacture customized microchips and MEMS devices at small production volumes.

Astrus

Seed Round in 2023
Astrus operates an artificial intelligence-powered platform for automating analog microchip layout design. Its deep reinforcement learning and planning algorithms transform schematics into efficient layouts, accelerating the circuit design process.

Enfabrica

Series B in 2023
Enfabrica develops hardware, software, and system technologies to tackle interconnect bottlenecks in AI and accelerated computing workloads. It designs networking chips and converged memory fabric silicon and software to improve performance, scalability, and efficiency across hyper-scale cloud, edge, enterprise, and automotive infrastructure. The company focuses on technologies such as Compute Express Link to enable multi-GPU configurations and higher interconnect bandwidth, addressing bottlenecks in modern AI and data-intensive systems.

Ion Storage Systems

Series A in 2023
Founded in 2015, Ion Storage Systems specializes in manufacturing solid-state lithium-ion batteries. The company serves the defense and aerospace, consumer electronics, and electric vehicles industries by developing energy-dense, safe, and non-flammable batteries using low-cost materials.

EeroQ

Seed Round in 2022
EeroQ is a company focused on designing quantum computer chips, specifically utilizing a novel approach that involves trapping and controlling individual electrons on superfluid helium. Founded to address the challenges in building large-scale quantum computers, EeroQ aims to advance the practical application of quantum technology through its innovative electron-on-helium architecture. This technology harnesses the purity of superfluid helium to preserve the intrinsic quantum properties of each electron, effectively creating qubits that enhance computing power delivery. Developed in collaboration with Michigan State University, EeroQ's core technology is protected by patents, positioning the company to lead advancements in the quantum computing field while also fostering discussions on ethical guidelines to ensure the technology's positive impact.

Finwave Semiconductor

Venture Round in 2022
Finwave Semiconductor specializes in the development of advanced gallium nitride (GaN) transistors and integrated circuits (ICs) tailored for 5G communications and power conversion applications. The company utilizes a unique 3DGaN technology, specifically its differentiated fin field-effect transistor (FinFET) design, to enhance the performance of high-volume applications such as radio frequency front end (RFFE) systems for mobile devices. This innovative approach allows Finwave to create semiconductor materials with distinct properties, contributing to advancements in electronics and energy management.

Syntiant

Series D in 2022
Syntiant designs neuromorphic semiconductors to enable artificial intelligence and machine learning at the edge. It develops ultra-low-power, high-performance neural network processors for always-on applications in battery-powered devices such as hearing aids, earbuds, smartphones, smart speakers and laptops, enabling on-device AI for sensor, voice, and video processing.

Ion Storage Systems

Series A in 2022
Founded in 2015, Ion Storage Systems specializes in manufacturing solid-state lithium-ion batteries. The company serves the defense and aerospace, consumer electronics, and electric vehicles industries by developing energy-dense, safe, and non-flammable batteries using low-cost materials.

Sepion Technologies

Series A in 2021
Sepion Technologies is an advanced membrane company based in Emeryville, California, founded in 2015. It specializes in the development of highly-tunable nanoscale membranes designed for various industrial applications, particularly in the energy storage sector. The company focuses on manufacturing innovative lithium-metal batteries by integrating nanoscience, polymer chemistry, and cell engineering. Its proprietary composite membrane serves as a cost-effective alternative to traditional ceramic separators used in lithium batteries, allowing for large-area production. This technology enables battery manufacturers to enhance energy density in their products, thereby improving overall performance and efficiency in energy storage solutions.

Mythic

Series C in 2021
Founded in 2012, Mythic specializes in designing and manufacturing AI-driven silicon chips and inference processors. Its innovative technology brings desktop GPU compute capabilities and neural networks to compact, energy-efficient devices, enabling AI deployment across various industries such as consumer electronics, wearables, and autonomous systems.

NeuReality

Seed Round in 2020
NeuReality is a semiconductor start-up that specializes in designing AI-as-a-service infrastructure to meet the needs of the rapidly expanding AI landscape across cloud, edge, and fog systems. The company develops purpose-built AI-centric architecture, focusing on server-on-chip solutions that reconfigure inference technologies, including computer vision, natural language processing, and recommendation engines. This innovative approach simplifies the implementation of advanced AI functionalities for organizations with limited technical expertise, allowing clients to reduce costs and energy consumption by moving away from traditional CPU-centric models. NeuReality aims to facilitate the adoption of AI technologies across various sectors, making them more accessible and efficient.

Ionobell

Seed Round in 2020
Ionobell is a battery technology developer specializing in improving battery longevity and performance using eco-friendly materials. They focus on utilizing biomaterials, plastic waste, and recycled materials to create safe, abundant, and cost-effective batteries for electric vehicles and unmanned aerial vehicles.

Ayar Labs

Venture Round in 2020
Ayar Labs develops and manufactures high-density electronic-photonic chiplets and lasers, specializing in optical interconnect solutions. Its flagship product, TeraPHY, offers a monolithic in-package optical I/O solution for applications requiring high bandwidth, low latency, and power efficiency. The company's products serve various industries such as artificial intelligence, cloud computing, telecommunications, aerospace, and military.

Inchfab

Pre Seed Round in 2019
Inchfab develops proprietary microchip manufacturing tools and provides a microfabrication platform that supports prototyping and low-volume production for semiconductor and micromechanical IoT chips. The tools are designed for cost-effectiveness and scalability, enabling clients to design and manufacture customized microchips and MEMS devices at small production volumes.

NuCurrent

Series C in 2019
NuCurrent is a Chicago-based developer and manufacturer of wireless power technologies, founded in 2009. It designs, fabricates, and integrates wireless power antennas, surface-mount inductors, and inductive coils for low- and high-frequency systems, and provides custom-designed prototypes. The company offers high-efficiency antennas and components suitable for a range of applications, and supports rapid prototyping and integration for OEMs and system integrators. Its wireless power solutions comply with major standards including A4WP, Qi, and PMA, enabling collaboration with automotive, consumer, industrial, IoT, mobile, and wearable device manufacturers. By focusing on optimized designs and manufacturing techniques, NuCurrent aims to deliver higher efficiency, smaller form factors, greater durability, and lower costs in wireless power deployment.

Sense Photonics

Series A in 2019
Sense Photonics, Inc. is a technology company specializing in the development of light detection and ranging (LiDAR) solutions for various applications, including autonomous vehicles, drones, and industrial automation. Founded in 2016 and based in Durham, North Carolina, Sense Photonics focuses on producing advanced solid-state LiDAR sensors that utilize proprietary laser arrays and 3D depth-sensing technologies. These sensors are designed to create detailed 3D maps of a vehicle's surroundings in diverse environmental conditions, ensuring high performance and reliability without moving parts. The company's innovative approach is supported by a robust portfolio of over 200 patents, positioning it to meet the demands of the automotive sector and drive advancements in autonomous driving and robotics.

SimpleMachines

Series A in 2018
Founded in 2016, SimpleMachines designs a revolutionary Software-Defined Compute platform. Unlike traditional CPUs, this platform is adaptable to the evolving demands of AI, VR, machine learning, robotics, and big data. It offers the performance of custom silicon while supporting hundreds of use cases, providing a future-proof solution for software developers.

NuCurrent

Venture Round in 2017
NuCurrent is a Chicago-based developer and manufacturer of wireless power technologies, founded in 2009. It designs, fabricates, and integrates wireless power antennas, surface-mount inductors, and inductive coils for low- and high-frequency systems, and provides custom-designed prototypes. The company offers high-efficiency antennas and components suitable for a range of applications, and supports rapid prototyping and integration for OEMs and system integrators. Its wireless power solutions comply with major standards including A4WP, Qi, and PMA, enabling collaboration with automotive, consumer, industrial, IoT, mobile, and wearable device manufacturers. By focusing on optimized designs and manufacturing techniques, NuCurrent aims to deliver higher efficiency, smaller form factors, greater durability, and lower costs in wireless power deployment.
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