Alpha Venture Partners (AVP) is a venture capital firm specializing in expansion stage, early stage, later stage, and growth stage in established companies seeking scale. Alpha Venture Partners focuses on accelerating venture-backed companies.
Alpha Venture Partners was founded in February 2014 by Steve Brotman and is based in New York, NY.
AVP is a venture capital investment firm that seeks to invest in accelerating growth and expansion stage companies. In addition, the firm also serves as an advisor to Pritzker Group Venture Capital (PGVC) and other institutions and family offices.
Led by Steve Brotman, founder, and managing partner, Alpha Venture Partners is a Pro-Rata preemptive rights co-investment firm which provides early-stage venture capital firms with capital to continue to invest in their IPO track portfolio companies and maintain their pro rata rights. The firm, which currently has more than $75m in assets under management, has $50m deployed across eight high-growth companies including Coupang, Vroom, Wish, and LiveIntent.
In total, the Alpha Fund I portfolio companies are growing at a combined 70 percent compound annual growth rate and generating over $6 billion in gross revenue.
It primarily prefers to invest in the software and information technology sectors, including e-commerce, mobile, social, business process outsourcing, information services, and tech-enabled services.
Alpha's venture capital partners benefit from the shared carried interest on capital returns from the investments. Since 2011, AVP also serves as Pritzker Group Venture Capital's east coast advisors for early-stage deals. Alpha Venture Partners has targeted a $100m co-investment fund.
Alpha Venture Partners has made 11 investments as of February 2019. One of their investments was on Dec 16, 2015, when they invested $95M in Vroom. AVP has raised a total of $28.3M across 2 funds, one of them being Alpha Venture Partners Fund II. This fund was announced on Dec 11, 2017, and raised a total of $28.3M.
Alpha Venture Partners has $487.1K in revenue annually and competes with RCC Ventures and Intuitive Venture Partners.
AVC invests in software and information technology sectors including e-commerce, mobile, social, business process outsourcing, information services, and tech-enabled services. The firm prefers to invest in companies with expiring Pro-Rata Rights.
It seeks to invest in the United States. The firm invests between $0.15 million and $2 million in companies. For investments larger than $2 million, it works with institutional and family office limited partners which directly invest up to $50 million with typical first investment between $3 million and $10 million.
The firm seeks to invest in companies with revenues between $5 million and $20 million and less than $2 million in revenue for funds. It seeks to exit within four years. It does not take board seats in portfolio companies. The firm prefers to not be a lead investor and seeks to be a co-investor.
Series D - Vroom
Venture Round - Intelliboxes
Series C - LiveIntent
David S. Bennahum
Founder and Managing Partner
Alpha Venture Partners Launches $100m Co-Investment Fund |FinSMEs
Alpha Venture Partners raises first fund aimed at later stage investments
Alpha Venture Partners Salary
Alpha Venture Partners targets $100 mln for sophomore fund - PE Hub
Alpha Venture Partners, Venture Capital Fund: Steve Brotman, Managing Director
Alpha Venture Partners: "VCs don't magically spring forth with cash"
Brian Cohen, the New York Angels, and the Story of Pinterest - Alpha Venture Partners
John Frankel on Plated and What it Means to be Founder Friendly - Alpha Venture Partners
Meet Steve Brotman, founder of Alpha Venture Partners
September Update - Alpha Venture Partners
The Best Term Sheets Align Interests Of Founders And Investors
Christopher Steiner and Jerrod Engelberg
Venture Capital Deals Of The Week: Ride-Share Grabs $2B
Working at Alpha Venture Partners
Documentaries, videos and podcasts
Alpha Venture Partners Fund Overview from Operating Partner Brian Smiga
16 February 2017
Alpha Venture Partners' Managing Partner, Steve Brotman on CNBC
28 April 2015
CNBC Interview of Alpha Venture Partners' Steve Brotman on Uber's $50B Valuation
11 May 2015
J.B Pritzker on Themes Prizker Group Venture Capital is Excited About
19 January 2015
J.B. Pritzker Venture Investing Q&A
23 January 2015
JB Pritzker & Steve Brotman on partnering with Pritzker Group and Alpha Venture Partners
19 January 2015
The Venture Upside of Companies Staying Private Longer - Alpha Venture Partners
8 May 2017
Wish's Peter Szulczewski on Squawk Box
17 May 2016