Alpha Partners

Active

Overview

Alpha Partners is a venture capital firm specializing in pro-rata growth investments from Seed to Series B stages, primarily in healthcare, cybersecurity, and AI. It co-invests alongside early-stage VCs in their highest-performing companies, sharing economics to address growth capital constraints. The firm manages over $400 million in assets across six funds and has notable exits including Coupang, Coursera, and Rover.¹⁴⁵

History

Alpha Partners was founded in 2013 by Steve Brotman, based on his experience as an early-stage VC facing growth capital limitations in companies like Medidata and LivePerson. It launched as the first pro-rata growth fund with backing from Pritzker Group and family offices. Key milestones include raising Fund III at $153 million in 2024, investments like Baseten's Series C in February 2025, and exits such as LiveIntent in October 2024.¹⁴

Notable Products

Fund I - Initial pro-rata growth fund launched in 2013 focusing on co-investments with early-stage VCs.
Fund III - $153 million fund closed in 2024, actively deploying in technology sectors.
Shield AI investment - Co-investment in AI pilots for aircraft.
Socure investment - Co-investment in digital identity verification and fraud prevention.
Rover investment - Co-investment in pet care services marketplace, achieved successful exit.

Reputation

Alpha Partners is recognized by investors for its innovative pro-rata co-investment model that supports early-stage VCs in scaling winners. Professionals note its track record of exits like Coupang, Coursera, and Rover as evidence of effective company selection. The firm maintains a focused portfolio of about 10 companies in high-growth tech areas.¹⁴

Sources (5)