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Alcove Investment Management is a venture capital firm founded in January 2019 by Kyle J. Hong. The firm operates from multiple locations, including San Francisco, Hong Kong, Singapore, and Seoul. Alcove has rapidly established itself as a multi-fund manager, focusing on empowering entrepreneurs and building innovative ventures across various sectors.
Currently, Alcove manages several funds, including Alcove I, Alcove II, Alcove Caelum Funds, and Alcove Credit, with a total fund size of $350 million. The firm has invested in over 12 startups since its inception, primarily targeting early-stage ventures and special situations. Alcove's commitment to ESG initiatives is evident in its investment strategies, which aim to support impactful businesses.
Alcove Investment Management invests across a diverse range of sectors, including healthcare, fintech, media, ESG-tech, AI, and consumer products. The firm targets various stages of investment, including seed, Series A, Series B, and growth equity. Their investment strategy emphasizes early-stage venture capital and is designed to support entrepreneurs in building impactful businesses.
Alcove's approach includes a strong focus on ESG initiatives, co-investments, and venture debt facilities. The firm seeks to back world-class entrepreneurs who possess unnoticed talent and are addressing significant market needs through technological innovations. Their geographic focus spans North America, Europe, and Asia, with active expansion into markets such as Indonesia, China, and Malaysia.
Alcove Investment Management has built a diverse portfolio of over 12 startups since 2021. Notable companies include:
The firm primarily invests in sectors such as healthcare, finance, and media. Alcove is actively expanding its investment pipeline into various European countries and Asian markets, indicating a strategic approach to diversifying its portfolio.
Kyle J. Hong - Founder & Managing Partner. Kyle has a background as a Silicon Valley angel investor and oversees all funds at Alcove since its inception.
Amanda Yoo Jogia - Advisor of Alcove Fund II and CEO of PrimeAlpha, Amanda brings extensive experience in investment management and strategic advisory.
Audra White - Outside Legal Counsel and Partner at Platt Cheema Richmond PLLC, Audra provides legal expertise to Alcove's operations.
Veronica Dang - Outside CPA and Founder & Principal at GAOS, Veronica offers financial oversight and accounting support to the firm.
To pitch Alcove Investment Management, founders should send their decks to contact@alcovemgt.com. It is important to include a concise overview of the business, market opportunity, and alignment with Alcove's focus on ESG initiatives. Response times may vary, but founders can expect feedback within a few weeks.
In 2023, Alcove Investment Management has been actively expanding its investment pipeline, focusing on markets such as Indonesia, China, Malaysia, and various European countries. The firm has invested in over 12 startups since 2021, with notable portfolio companies including Amber and CRAVE Global.
Recent features in publications like Forbes Monaco highlight Alcove's growth and investment strategies, showcasing its commitment to ESG and impact investing.
What are Alcove's investment criteria?
Alcove Investment Management focuses on early-stage ventures across multiple sectors, including healthcare, fintech, and media. They seek to invest in companies that demonstrate significant market potential and innovative solutions, particularly those with a strong emphasis on ESG initiatives.
How can I pitch to Alcove?
Founders can submit their pitch decks via email at contact@alcovemgt.com. It is advisable to include a clear overview of the business model, market opportunity, and how the venture aligns with Alcove's focus on ESG and impact investing.
What makes Alcove different from other VCs?
Alcove distinguishes itself through its commitment to ESG and impact investing, alongside a multi-mandate approach that allows for flexibility in investment strategies. The firm emphasizes backing world-class entrepreneurs with unnoticed talent.
What is the geographic scope of Alcove's investments?
Alcove operates globally, with a strong presence in North America, Europe, and Asia. The firm is particularly focused on expanding into emerging markets such as Indonesia, China, and Malaysia.
What is Alcove's fund size and check size?
Alcove Investment Management manages a total fund size of $350 million. The firm invests across various stages, including seed, Series A, Series B, and growth equity, with check sizes varying based on the stage and specific investment opportunity.
What kind of support does Alcove provide to portfolio companies?
Alcove offers significant value to its portfolio companies through strategic guidance, access to a broad network, and support in navigating the complexities of scaling a business. The firm is committed to fostering the growth of impactful ventures.
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