New Hampshire has been steadily building a reputation in the tech world and with several successful startups calling the state home. We've taken a deep dive into the state’s growing startup ecosystem and compiled a list of the top investors and VC firms fueling this rise. Based on various data and metrics, we have listed the top 10 VC funds in New Hampshire.
Here's a table that summarizes the overall VC data for a quick overview:
| VC Firm | Ticket Size | Stages | Founding Year |
|---|---|---|---|
| Alumni Ventures | $500K to $10M | Seed to Late-stage | 2014 |
| Borealis Ventures | $250K to $5M | Seed, Series A | 2002 |
| Millworks II Fund | $100K - $1M | Seed, Early-stage | - |
| Launch NH (Softeq Venture Fund) | $250K - $1M | Early-stage | 2021 |
| HarbourVest Partners | $1M - $100M | All stages (Seed to Growth) | 1982 |
| North Atlantic Capital | $500K - $10M | Growth-stage | 1986 |
| The Fund at Hula | $100,000 - $5 million | Seed, Series A, Early Stage | 2019 |
| River Birch Partners | $500K to $5M | Growth-stage | 2010 |
| Peloton Advisory | $1M - $15M | Growth and Expansion-stage | 2008 |
| Bellwether Community Credit Union | $100K - $500K | Early-stage startups | 1921 |
1. Alumni Ventures
Alumni Ventures is a venture capital firm that offers to build simple, well-managed venture portfolios for individual investors. With a strong network and a team of dedicated professionals, they focus on finding and investing in top venture deals. They also work with other trusted VC firms to ensure access to competitive opportunities. Their disciplined approach helps investors to build a simple, well-managed venture portfolio. Their goal is to make venture investing easy and accessible for investors.
- Website:www.av.vc
- Founding Year: 2014
- Investment Range: $500K to $10M
- Stage: Seed to Late-stage
- Sector: Technology, Healthcare, Enterprise Software
- Geography: USA (Focus on New Hampshire and national startups)
- Notable Investments: Observe, CytoVale, Centaur Labs, Makelog, Airbase
- Submit Pitch/ Contact:Link
2. Borealis Ventures
Borealis Ventures is a venture capital (VC) firm that partners with entrepreneurs changing healthcare. They mainly invest in life sciences, digital health, and animal health, Borealis also focuses on next-generation therapies and solutions that improve healthcare. By partnering with others. They ensure their companies have the resources to succeed. Their goal is to bring change in the healthcare industry and improve experiences for all stakeholders.
- Website:www.borealisventures.com
- Founding Year: 2002
- Investment Range: $250K to $5M
- Stage: Seed, Series A
- Sector: Technology, Life Sciences
- Geography: New England, USA
- Notable Investments: Adimab, Avitide, Credo, Pwnie Express, Dicerna Pharmaceuticals
- Submit Pitch/ Contact:Link
3. Millworks II Fund
Millworks II Fund is a venture capital (VC) firm that invests in early-stage startups in New Hampshire and the broader New England region. They focus on innovative companies in sectors such as technology, manufacturing, and cleantech. Millworks II Fund provides both capital and strategic support to help startups grow and succeed, with a mission to drive innovation and strengthen the local economy.
- Website:www.millworksfund.com
- Investment Range: $100K - $1M
- Stage: Seed, Early-stage
- Sector: Technology, Cleantech, Manufacturing
- Geography: New Hampshire, New England
- Notable Investments: Regional tech and cleantech startups
- Submit Pitch/ Contact:Link
4. Launch NH (Softeq Venture Fund)
Launch NH is a venture capital (VC) firm that supports startups in New Hampshire and New England. They focus on supporting early-stage companies to grow by connecting them with investors and resources. Launch NH intends to build a strong entrepreneurial ecosystem in the region that makes the state special to attract and keep founders. Their goal is to drive innovation, create jobs, and grow the local economy.
- Website:www.launchnh.com
- Founding Year: 2021
- Investment Range: $250K - $1M
- Stage: Early-stage
- Sector: Technology, Innovation, Startups
- Geography: New Hampshire, New England
- Notable Investments: Local startups in the New England region
- Submit Pitch/ Contact:Link
5. HarbourVest Partners
HarbourVest is a venture capital (VC) firm that helps investors access global private markets. They focus on offering investors a variety of opportunities including funds and direct investments. HarbourVest believes in strong partnerships and using both global reach and local expertise to deliver great results. With many years of experience, they are committed to helping clients grow through innovative strategies and a commitment to transparency and continuous improvement.
- Website:www.harbourvest.com
- Founding Year: 1982
- Investment Range: $1M - $100M
- Stage: All stages (Seed to Growth)
- Sector: Technology, Healthcare, Energy
- Geography: Global (Including investments in New Hampshire)
- Notable Investments: Bumble, Datadog, Moderna, Peloton, Stripe
- Submit Pitch/ Contact:Link
6. North Atlantic Capital
North Atlantic Capital is a venture capital (VC) firm that invests in fast-growing tech companies across the U.S. They provide structured capital, flexible funding options without the strict conditions of regular loans. North Atlantic supports tech companies that are already seeing strong growth. Their investments help fuel expansion, acquisitions, and other growth opportunities while giving founders the capital they need to succeed.
- Website:www.northatlanticcapital.com
- Founding Year: 1986
- Investment Range: $500K - $10M
- Stage: Growth-stage
- Sector: Technology, IT Infrastructure, Healthcare
- Geography: Northeastern USA, including New Hampshire
- Notable Investments: Bridgeline, Newforma, Telos, Benu Networks, Damballa
- Submit Pitch/ Contact:Link
7. The Fund at Hula
The Fund at Hula is a venture capital firm that invests in early-stage technology startups across Northern New England. They back innovative entrepreneurs in sectors like AI, medtech, green technology, and SaaS. Along with capital, the firm provides mentorship and a network of resources to help startups grow and succeed in competitive industries. The fund is committed to driving technological advancement and economic growth.
- Website:hulalakeside.com
- Founding Year: 2019
- Investment Range: $100,000 - $5 million
- Stage: Seed, Series A, Early Stage
- Sector: Technology, Greentech, Medtech, AI, SaaS
- Geography: Northern New England, including Vermont
- Notable Investments: Beta Technologies, Benchmark Space Systems, CoreMap, Biocognitive
- Submit Pitch/ Contact:Link
8. River Birch Partners
River Birch Partners is a venture capital (VC) firm that invests its own money in established, profitable businesses. They work closely with strong management teams to create long-term value through strategic growth. With a focus on mid-market companies, River Birch looks for businesses with steady revenue and strong leadership and clear growth potential. Their flexible, patient approach allows them to support growth and create lasting value which help building successful partnerships for the future.
- Website:www.riverbirch-partners.com
- Founding Year: 2010
- Investment Range: $500K to $5M
- Stage: Growth-stage
- Sector: Manufacturing, Technology
- Geography: New England
- Notable Investments: Multiple lower-middle market companies in New Hampshire
- Submit Pitch/ Contact:Link
9. Peloton Advisory
Peloton is a venture capital (VC) firm that focuses on helping business owners sell their companies while protecting their legacy. They work closely with entrepreneurs to understand their business and find the best buyer who values the company’s success and culture. Peloton believes in collaboration and providing personalized support throughout the process. Their goal is to achieve the finest outcomes for their clients by finding buyers who value both the business and its culture.
- Website:www.pelotonadvisory.com
- Founding Year: 2008
- Investment Range: $1M - $15M
- Stage: Growth and Expansion-stage
- Sector: Financial Services, Business Services
- Geography: USA (Invests in New Hampshire startups)
- Notable Investments: Confidential
- Submit Pitch/ Contact:Link
10. Bellwether Community Credit Union (as part of their venture investment arm)
Bellwether Community Credit Union is a venture capital (VC) firm that invests in early-stage fintech startups. They invest in businesses that bring fresh ideas to financial services and they help them grow with the necessary funding and resources. Bellwether’s goal is to empower entrepreneurs in the fintech space. They encourage innovation and advancements in the financial industry to create new solutions and improve financial services for everyone.
- Website:www.bccu.org
- Founding Year: 1921 (Venture investment arm launched recently)
- Investment Range: $100K - $500K
- Stage: Early-stage startups in the fintech sector
- Sector: Fintech, Financial Services
- Geography: New Hampshire
- Notable Investments: Local fintech and community-focused ventures
- Submit Pitch/ Contact:Link
FAQ (Frequently Asked Questions)
Is VC high risk?
Venture capital is a type of investment that can be risky but has the potential for high returns. However, there is no guarantee of success. Investing in startups is always uncertain, and you might lose your money. Even though VC firms try to minimize risks, investing in startups is always uncertain, and you might lose your money.
What is the best country to set up a VC fund?
If you’re looking to set up a VC fund, many people think the United States has the best venture capital (VC) funds worldwide. This is because the US has a big economy, lots of money available, and many successful startups.
What cities have the most VC investments?
The top five cities for venture capital investment are San Francisco, New York City, Boston, San Jose, and Los Angeles. These cities together receive more than two-thirds (67.5%) of all venture capital investments.
What is the minimum amount for a VC fund?
Venture capital funds usually ask for a minimum investment of $250,000 to $500,000, and sometimes even more. Investing a small amount of money can still cost a lot. These funds are usually only open to wealthy people and big organizations that have a lot of money.
How do I choose a VC fund?
To choose a VC fund, check how much experience and success the venture capital firm has had before. Look at the companies they’ve invested in before to see if they match what your business does. This can help you figure out if they’re a good match for you.
Best of luck with your amazing ventures.
Please note that this list is filtered by various metrics, and all the data are collected through various third-party websites, mostly the VC website. Since data such as ticket size or industry may change, you are requested to visit the official website given in the blog for the latest and updated information.