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Alerion Ventures is an evergreen venture capital firm founded in 2014 and headquartered in Charleston, South Carolina. The firm focuses on early-stage investments in scalable startups, primarily partnering with entrepreneurs in the Southeast region of the United States. The evergreen structure allows Alerion to recycle capital from exits into new investments, avoiding the constraints of traditional fund lifecycles.
As of now, Alerion Ventures has made a total of 36 investments, with approximately 29 companies actively in their portfolio. The firm has achieved a total of 7 exits, indicating a successful track record in identifying and nurturing promising startups. Alerion's investment strategy emphasizes capital efficiency and scalability, particularly in the B2B sector.
Notable milestones include the acquisition of several portfolio companies, such as Biospatial and MemberSuite, which highlight Alerion's ability to back companies that achieve significant market traction. The firm is well-positioned within the Southeast startup ecosystem, benefiting from its Charleston headquarters.
Alerion Ventures targets investments in capital-efficient companies across various industries, with a strong preference for business-to-business (B2B) software and technology-enabled services. The firm typically invests in companies that have achieved initial market and revenue traction, following proof-of-concept and functional product development. Alerion's investment stages range from pre-seed to growth equity, with initial check sizes between $2 million and $4 million and typical deal sizes ranging from $1 million to $5 million.
The firm is particularly interested in healthcare software and services, as well as energy-efficient technologies. However, Alerion does not consider consumer-facing companies, drug discovery, medical devices, energy production, or project finance opportunities. This focused approach allows Alerion to concentrate on sectors where they can add the most value and identify high-potential startups.
While the primary focus is on early-stage investments, Alerion Ventures may also consider opportunistic investments in growth-stage businesses that demonstrate potential for near-term exits. The firm prefers to collaborate with other experienced venture investors, enhancing their investment strategy through co-investment opportunities.
Alerion Ventures has a diverse portfolio that includes notable companies across various sectors. Key portfolio companies include:
In addition to these notable exits, Alerion Ventures has invested in companies such as Pixlmob, SiteLabs, WAVS Custom, Ruffian Software, New Forge, VirtueRN, ScopeStack, and Mainstage Gaming Network. The firm maintains an active portfolio of approximately 29 companies, demonstrating its commitment to supporting scalable startups.
Lee Richards - Managing Partner. Lee has extensive experience in venture capital and has led numerous successful investments in the B2B software sector. He is known for his strategic insights and ability to identify high-potential startups.
Wiley Becker - Partner. Wiley brings a wealth of knowledge in technology-enabled services and has been instrumental in sourcing and evaluating investment opportunities for Alerion.
Adam Bush - Controller. Adam oversees financial operations and ensures the firm maintains its evergreen structure effectively, allowing for seamless capital recycling.
To pitch Alerion Ventures, founders should use the contact form available on their website. It is important to include a comprehensive pitch deck that outlines the business model, market opportunity, and traction. Alerion typically responds within a few weeks, but response times may vary based on deal flow.
Warm introductions are preferred, especially from mutual connections within the venture capital community. Founders should ensure their pitch is tailored to Alerion's investment focus on B2B software and technology-enabled services.
In January 2023, Alerion Ventures participated in a recap round for Adwerx, demonstrating their ongoing commitment to supporting portfolio companies. The firm has maintained an active investment cadence, targeting 2-6 deals per year.
On January 13, 2026, Alerion Ventures achieved a notable exit with Demand Driven Technologies, marking their most recent confirmed exit. This exit adds to their growing list of successful portfolio outcomes.
What are Alerion Ventures' investment criteria?
Alerion Ventures focuses on capital-efficient B2B software and technology-enabled services. They prefer companies that have achieved initial market and revenue traction and typically invest in pre-seed to growth equity stages.
How can I pitch Alerion Ventures?
Founders can reach out through the contact form on Alerion's website. It is advisable to include a detailed pitch deck that outlines the business model, market opportunity, and traction.
What makes Alerion Ventures different from other VCs?
Alerion operates as an evergreen fund, allowing them to recycle capital from exits into new investments without the constraints of a fixed fund lifecycle. This structure enables them to be more flexible in their investment approach.
What is the geographic focus of Alerion Ventures?
The firm primarily invests in the Southeast region of the United States but is not exclusively limited to this area. They are open to opportunities across North America.
What is the typical check size for investments?
Alerion Ventures typically invests between $1 million and $5 million, with initial check sizes ranging from $2 million to $4 million.
What kind of support do portfolio companies receive?
Alerion Ventures provides operational support, mentorship, and access to their network of experienced venture investors, enhancing the growth potential of their portfolio companies.
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