Alumni Investment Option

Alumni from three New England colleges may have an easier time investing in one other’s companies after the launch today of several new private venture capital funds. Green D Fund, BlueCat Angel and Blue Ivy Venture all aim to support alumni- or student-led companies with alumni-backed investment from Dartmouth College, the University of New Hampshire and Yale University, respectively. All three funds are the latest in a series from Launch Angels Management Company. Their first, Green D’s predecessor, raised $1.5 million from 44 Dartmouth alumni and has so far invested in 10 different companies, all with Dartmouth alumni in leadership positions. The funds are private, for-profit and otherwise unaffiliated with the colleges.