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Huntington Avenue Ventures is a micro-venture capital firm founded in 2021, based in the United States. The firm specifically targets early-stage companies founded by alumni of Northeastern University. This unique focus allows Huntington Avenue Ventures to leverage the entrepreneurial spirit and innovative potential of its alumni network, which includes successful entrepreneurs and industry leaders.
The firm has a target fund size of $2 million, with a first close of $1 million. It primarily invests in pre-seed to Series B+ stages, providing check sizes ranging from $25,000 to $125,000. Currently, the firm has two portfolio companies, reflecting its early-stage investment strategy.
Huntington Avenue Ventures operates with a hands-on approach, utilizing its extensive network to support portfolio companies. The firm is structured to capitalize on the Northeastern University alumni ecosystem, which has produced notable founders and successful companies in various sectors.
The investment strategy of Huntington Avenue Ventures centers on early-stage companies, particularly those affiliated with Northeastern University. The firm focuses on sectors such as fintech, artificial intelligence, consumer goods and services, industrial and business services, and marketplaces. This diverse sector focus allows the firm to identify unique investment opportunities across multiple industries.
Huntington Avenue Ventures seeks to invest in companies that demonstrate innovative potential and the ability to disrupt billion-dollar markets. The firm emphasizes the importance of the founding team, looking for entrepreneurs who are not only skilled but also connected to the Northeastern alumni network. This network provides additional resources, mentorship, and strategic partnerships that can significantly enhance a startup's growth trajectory.
Investment stages range from pre-seed to Series B+, allowing the firm to support companies at various points in their development. The firm’s check sizes typically fall between $25,000 and $125,000, enabling flexible investment strategies tailored to the needs of each startup.
Huntington Avenue Ventures has invested in two notable portfolio companies:
Both companies exemplify the firm’s focus on innovative solutions within their respective sectors. Aidentified enhances sales processes, while Lynx addresses the intersection of finance and healthcare, showcasing the diverse applications of technology in solving real-world problems.
Alfston Thomas - Founding Partner. Alfston has a background in venture capital and entrepreneurship, with a focus on supporting early-stage companies. He is an alumnus of Northeastern University.
Mitchell Groves - Founding Partner. Mitchell brings experience in investment and startup development, having worked with various early-stage ventures. He is also a Northeastern University alumnus.
Katya Pourteymour - Founding Partner. Katya has a strong background in technology and business services, focusing on helping startups navigate their growth challenges. She is a graduate of Northeastern University.
Huntington Avenue Ventures announced its first close of $1 million in 2021, marking the beginning of its investment activities. The firm has since made investments in two companies: Aidentified and Lynx. Both companies exemplify the firm’s focus on early-stage ventures affiliated with Northeastern University.
As of now, there have been no recent updates or additional investments reported since 2021, indicating a potential gap in ongoing deal activity.
What are the investment criteria for Huntington Avenue Ventures?
The firm primarily invests in early-stage companies founded by Northeastern University alumni. They focus on sectors such as fintech, AI, consumer goods, industrial services, and marketplaces. The investment stages range from pre-seed to Series B+, with check sizes between $25,000 and $125,000.
How can founders apply or pitch to Huntington Avenue Ventures?
Founders interested in pitching to Huntington Avenue Ventures should ideally have a connection to Northeastern University. They can reach out through the firm’s website or network to initiate discussions. A well-prepared pitch deck that outlines the business model, market opportunity, and team background is essential.
What makes Huntington Avenue Ventures different from other VC firms?
The firm uniquely focuses on startups founded by Northeastern University alumni, leveraging a strong network of successful entrepreneurs and industry leaders. This alumni connection provides portfolio companies with mentorship, strategic partnerships, and access to resources that can significantly enhance their growth potential.
What is the geographic scope of Huntington Avenue Ventures?
The firm primarily invests in companies based in the United States, specifically targeting those affiliated with Northeastern University. This geographic focus allows them to tap into a concentrated pool of talent and innovation.
What kind of post-investment involvement does Huntington Avenue Ventures have?
Huntington Avenue Ventures takes a hands-on approach to support its portfolio companies. They provide access to their alumni network, mentorship opportunities, and resources that can help startups navigate challenges and scale effectively.
What is the fund size and how many companies does Huntington Avenue Ventures invest in?
The firm has a target fund size of $2 million and has made investments in two companies to date. This micro-fund model allows for focused investments in early-stage ventures.
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