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Like many others these days, Alumni has a keen interest in artificial intelligence, especially in potential applications to specialties such as drug discovery, Andy Ervin, Alumni's deputy chief investment officer, told Insider.įirms often seek to lead rounds in order to set the terms of the deals and to exert greater control over their deal pipeline. The firm invests across all segments of technology. 'We're not in the marketplace trying to compete head to head with other established investors.' 'We have carved out a role as a coinvestor of choice,' Edwards said. Unlike many other firms, which seek to lead rounds as they amass enough assets to write larger checks, Alumni Ventures is content to follow on.

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Simunovic is now an investor at Venture Guides, which focuses on software infrastructure.Įdwards, who previously worked in private equity, seeks to continue the firm's strategy of getting into competitive deals by positioning itself as a partner to blue-chip firms such as Andreessen Horowitz and Lightspeed Venture Partners. He took over the role in May from Anton Simunovic, who led Alumni's investments for four years and landed on Insider's Seed 100 list of the top early-stage investors. 1 in 2022 for seed-stage activity.Īmong the companies it backed last year are the cloud-storage company Wasabi Technologies, valued at $1.1 billion, the auto-manafucturing-technology company Divergent, valued at more than $1 billion, and the abortion-pill provider Hey Jane.Įdwards, an early investor in Alumni Ventures' first fund, is now the firm's chief investment officer, leading a team of about 50 investors across the US. It's among the most active VC firms in the United States by deal count, according to PitchBook data, ranking No. The fund became the cornerstone of the venture capital firm Alumni Ventures, which now manages about $1.2 billion in assets across more than 40 funds. Edwards, who graduated from Dartmouth's Tuck School of Business, agreed to invest and advise on its strategy. The pitch: They'd pool together money from alumni of specific universities, starting with Dartmouth, Collins' alma mater. Mark Edwards remembers the day, nearly a decade ago, when his friend Mike Collins pitched him on the idea of a venture fund with a unique structure. Insider spoke with its chief investment officer about its distinct strategy of not leading rounds.It's backed by graduates of elite universities and uses that network to get into competitive rounds.Alumni Ventures is now one of the most active VC firms in the US, according to PitchBook data.It is used by hotels, congress areas and other venues.Account icon An icon in the shape of a person's head and shoulders. It offers inventory, pricing and reporting tools for efficient organisation. The Confero System is great to book, prepare and manage different events and conferences. The Libero System is a reception, booking and operational system for Wellness and other sports facilities, integrated to the PMS. The interface to HotelTime also supports the posting of revenue and payment breakdowns from all tills for daily closure. The interface offers fast posting of transactions to guest room accounts. It operates as a stand-alone system or connected via a 2-way interface to HotelTime PMS. Vento ePOS is a superior cash and stock system for restaurants & bars. It also enables chains with multiple properties to efficiently manage multi property operations. HotelTime solutions are currently running in more than 500 hotels and restaurants in 11 countries world-wide.Ī fully featured cloud-based, HotelTime Property Management System solution currently operates in properties as large as 400 rooms and as well as smaller properties with less than 50 rooms. HotelTime offers state of the art, cloud-based solutions to the hospitality industry with an emphasis on providing excellent customer service, including PMS, ePOS and wellness, conference, etc modules.