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Alumni Ventures Group Launches Post-COVID-19 Fund to Accelerate Recovery

By CIOReview | Tuesday, May 5, 2020

The post-COVID-19 fund is aimed at investing in ventures that either directly or indirectly address the multiple impacts of the virus, and that demonstrate strong resilience in the face of COVID- and recession-related challenges

Fremont, CA: New Hampshire-based venture capital firm Alumni Ventures Group (AVG) announced the launch of a new fund focused on investing in entrepreneurial companies working to shape and accelerate the world’s recovery from the COVID-19 crisis. The post-COVID-19 fund is aimed at investing in ventures that either directly or indirectly address the multiple impacts of the virus, and that demonstrate strong resilience in the face of COVID- and recession-related challenges. Some of the likely target sectors include healthcare, technology, services, data monitoring and analysis, learning, payments, communications, entertainment, and others.

"We believe this pandemic has changed our world forever," said 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."

AVG offers over 20 private venture funds, primarily for alumni from leading academic institutions, including Harvard, Stanford, Cornell, MIT, Princeton, Yale, and Dartmouth, serving a network of 500,000 community members and subscribers. The post-COVID-19 fund comes with a ten-year venture vehicle that offers accredited investors the opportunity to invest in a portfolio of approximately 20-30 companies. AVG is targeting an initial raise of USD 10 million and aims to co-invest exclusively with established venture firms. The fund's portfolio will also 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 a team of investment professionals.

“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,” added Collins.

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