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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 a traditional fund lifecycle.
As of now, Alerion Ventures has made a total of 36 investments, with an active portfolio of approximately 29 companies. The firm typically targets 2-6 deals per year, with an initial check size ranging from $2 million to $4 million and a typical deal size between $1 million and $5 million. Alerion Ventures has established itself as a key player in the Southeast startup ecosystem, co-investing with other experienced venture investors.
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 is particularly interested in healthcare software and services, as well as energy-efficient technologies. Alerion Ventures does not consider consumer-facing companies, drug discovery, medical devices, energy production, or project finance opportunities.
The firm typically invests in companies that have achieved initial market and revenue traction following proof-of-concept and functional product development. While the primary focus is on early-stage investments, Alerion may also consider opportunistic investments in growth-stage businesses with potential for near-term exits. The firm emphasizes collaboration with other experienced venture investors to enhance its investment strategy.
Alerion Ventures has a diverse portfolio that includes notable companies across various sectors. The following are key portfolio companies:
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, showcasing a commitment to diverse sectors within its investment strategy.
Lee Richards - Managing Partner. Lee has extensive experience in venture capital and has led numerous successful investments in the B2B software sector. He holds a degree from a notable university and has a strong track record of supporting early-stage companies.
Wiley Becker - Partner. Wiley brings a wealth of knowledge in technology-enabled services and has been instrumental in identifying promising startups for Alerion Ventures. His background includes experience in both operational roles and venture capital.
Adam Bush - Controller. Adam oversees financial operations and ensures that Alerion Ventures maintains its evergreen structure effectively. His expertise in finance and investment management supports the firm's strategic goals.
To pitch Alerion Ventures, founders should use the contact form available on the firm's website. A well-structured pitch deck is essential, including details about the business model, market opportunity, and traction. Alerion Ventures typically responds within a reasonable timeframe, but founders are encouraged to follow up if they do not receive a response.
Warm introductions are preferred, especially from mutual connections within the venture capital community. This can enhance the chances of securing a meeting and receiving feedback on the pitch.
In January 2023, Alerion Ventures participated in a recap round for Adwerx, demonstrating its ongoing commitment to supporting portfolio companies. The firm also recorded a notable exit with Demand Driven Technologies on January 13, 2026, marking a successful outcome for its investment strategy.
Recent activity indicates that Alerion Ventures continues to be active in the venture capital space, targeting 2-6 deals per year and maintaining a focus on capital-efficient startups in the Southeast U.S.
What are Alerion Ventures' investment criteria?
Alerion Ventures focuses on capital-efficient B2B software and technology-enabled services. The firm prefers companies with initial market and revenue traction and excludes consumer-facing companies, drug discovery, medical devices, energy production, and project finance.
How can I apply or pitch to Alerion Ventures?
Founders can reach out through the contact form on Alerion Ventures' website. A well-prepared pitch deck that outlines the business model, market opportunity, and traction is recommended.
What makes Alerion Ventures different from other firms?
The evergreen structure allows Alerion Ventures to invest continuously without the constraints of a fixed fund lifecycle, enabling them to recycle capital from exits into new investments.
What is the geographic scope of Alerion Ventures?
While Alerion Ventures primarily focuses on the Southeast U.S., it is not exclusive to this region and considers opportunities across North America.
What is the typical check size for investments?
Alerion Ventures typically invests between $1 million and $5 million, with initial checks ranging from $2 million to $4 million.
What is Alerion Ventures' post-investment involvement?
The firm actively collaborates with portfolio companies, providing support and resources to help them scale and achieve their growth objectives.
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