Investing in UMass Amherst Innovation
We believe the UMass Amherst entrepreneurial ecosystem has great untapped potential. We see faculty members in labs with a passion for better solutions and students with fresh insights on old problems. We see alumni who are exploring countless ways for making us healthier, safer, smarter and even happier. For some, their energy and ideas become launch pads for transformative commercial enterprises. Our goal is to identify, invest in and champion the best of these UMass Amherst-linked ventures.
Our Fund was launched in January 2017 with initial investments by alumnus Paul Manning of Charlottesville, VA and UMass Amherst. As of August 15, 2017, the Fund has raised $5.8 million and we are accepting additional investments through September 30, 2017. We expect to make investments of $50,000 to $200,000 over a three year investment period and harvest our investments within ten years. If this Fund is as successful as we hope, follow on investment funds may be created.
Our investments are selective. Like any savvy investor, we seek promising opportunities that have strong prospects for commercial success and will generate commensurate returns for our investors. Although we are not a part of UMass Amherst, we see ourselves as a catalyst for innovation and entrepreneurship throughout the UMass Amherst community.
Our Fund is managed by Maroon Venture Partners, LLC, a limited liability company that is overseen by a five person investment committee with diverse backgrounds in entrepreneurship. Our committee members serve on a volunteer basis and the compensation that a conventional venture fund would otherwise pay to its managers is donated to UMass Amherst. Our investment committee also looks to advisory committees of domain experts for input on particular investment opportunities.
Maroon Venture Partners Fund has 1 investors on record on gritt.io, including 1 early-stage backers.
When did Maroon Venture Partners Fund last raise funding?
The most recent investment in Maroon Venture Partners Fund recorded on gritt.io was in 2017.
When was Maroon Venture Partners Fund founded?
Maroon Venture Partners Fund was founded in 2017.
What industry is Maroon Venture Partners Fund in?
Maroon Venture Partners Fund operates in Venture Capital and Private Equity Principals. Find similar Venture Capital and Private Equity Principals investors on gritt.io.
Where is Maroon Venture Partners Fund based?
Maroon Venture Partners Fund is headquartered in Amherst, United States.
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