/Investor DB

Alerion Ventures

Venture capital

Charleston · Seed–Growth · 3 people tracked

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Investment thesis

Alerion Ventures is an evergreen fund targeting roughly one new investment per quarter in capital-efficient companies pursuing large, scalable markets. It favors business-to-business software and technology-enabled services, and more selectively healthcare software and services and energy-efficient technologies, while avoiding consumer-facing businesses, drug discovery, medical devices, energy production, and project finance. It typically invests once a company shows initial market and revenue traction beyond proof-of-concept, though it may also pursue growth-stage deals with nearer-term exit potential. The firm prefers co-investing with other experienced venture investors and favors companies headquartered in the Southeast, considering opportunities nationally apart from the West Coast and Northeast.

Source: firm website, verified Sep 26, 2026.

Stage
Seed–Growth
HQ
Charleston, South Carolina, US
Leads rounds
Follows
Instruments
Equity
Founded
2014
Tracked investments
36
Acquisitions
2

Team · 3 people

from the firm's website & public directories
Lee Richards· Managing Partner

What they invest in

from 27 of 36 portfolio companies

SaaS ×16Enterprise Software ×12AI & Machine Learning ×9Data & Infrastructure ×5Fintech ×4Marketing Tech ×4AdTech ×3Construction Tech ×3

HQs:United States×26

Who they back

founder profiles across 22 portfolio companies
82%
solo founders
18 of 22 mapped founding teams
31%
repeat founders
of 13 founders with career history

Founding team size:solo founder×182 founders×34+ founders×1

Where their founders studiedfrom 13 founders with education data

Georgia Institute of Technology ×2North Carolina State University ×2The University of North Carolina at Chapel Hill ×2

What their founders studiedfrom 14 founders with field-of-study data

Engineering ×4Computer Science ×3Finance & Accounting ×3Economics ×2

Where their founders worked beforefrom 13 founders with career history

Akur8 ×2IBM ×2ImageTrend ×2

Accelerator rootsportfolio companies that came through a program

Techstars ×2

Investments · 36 tracked

founders shown can be your intro path

By year:2022 · 12021 · 22020 · 22018 · 22017 · 12014 · 19 dated

Adwerxadwerx.cominAug 2017 · $4.3M

Adwerx provides automated digital advertising solutions for real estate professionals including agents, loan officers, and brokerages to build brand recognition and attract local buyers and sellers through targeted campaigns.

AdTechMarketing TechPropTechDurham, US

Edward J. Carlson(Chief Executive Officer, Secretary and Treasurer)Liz Shih(Chief Financial Officer)

BoardA.G.W. Biddle(Director)Jonathan Perl(Director)inDavid Spitz(Director)

Co-investorsGray VenturesGrotech VenturesNovak Biddle Venture PartnersSavano Capital PartnersBull City Venture Partners

Allboundallbound.comin𝕏

Channelscaler (Allbound) offers an AI-powered Partner Relationship Management (PRM) platform for enterprise channel teams, covering partner onboarding, enablement, deal and pipeline acceleration, incentive management, and lifecycle performance tracking.

Enterprise SoftwareSaaSSales TechPhoenix, US

SCOTT SALKIN(Executive Officer, Director)ANTHONY KENNADA(Director)KYLE JOHNSON(Director)KYLE BURNETT(Executive Officer, Director)

BoardTODD BELFER(Director)in

Co-investorsArizona Founders FundBLH Venture Partners, LLCBrookstone Venture CapitalDWP CapitalStout Street Capital

Biospatialbiospatial.ioin𝕏

Biospatial operates a data analytics platform that ingests emergency medical services (EMS) and health data to deliver real-time analytics and insights for healthcare and public health users.

AI & Machine LearningData & InfrastructureDigital HealthHealthtechDurham, US

Jon Woodworth(Co-founder & Chief Executive Officer)inChris Lunsford(Co-founder & Chief Technology Officer)inJosh Walters(Chief Operating Officer)inPaul Runkle(Executive Officer, Director)

BoardDavid Jones(Director)in

Co-investorsBull City Venture PartnersIDEA Fund PartnersVentureSouthWolfpack Investor Network

Case Statuscasestatus.comin𝕏

Case Status provides a mobile client portal for law firms to communicate with clients and manage case information.

AI & Machine LearningEnterprise SoftwareLegalTechSaaSBirmingham, US

Andrew Seavers(Executive Officer, Director)Richard Braddock Jr.(Director)

BoardLauren Sturdivant(Director)Sherman Chu(Director)inDANIEL H. DRECHSEL(Director)inDan Dreschsel(Director)in

Co-investorsBIP VenturesCreativeCoFront PorchService Provider CapitalTechstarsTopmark Partners+2 more

Ceterusceterus.cominApr 2018 · $10M

Ceterus provides automated bookkeeping and financial reporting services, combining automation with human oversight to deliver accurate financials for its customers.

Enterprise SoftwareFintechSaaSNorth Charleston, US

Levi Morehouse(Executive Officer, Director)inDerek Carter(Executive Officer)in

Co-investorsElevate Innovation PartnersGray VenturesGrotech VenturesHarbert Growth PartnersIDEA Fund PartnersTechOperators Venture Capital

Cloudtagscloudtags.comin

Atlanta, US

JAMES YANCEY(CHIEF EXECUTIVE OFFICER)in

BoardJONATHAN HALLETT(Director)WILLIAM GUTTMAN(Director)MICHAEL HERSH(Director)JOHN CAMBIER(Director)in

Demand Driven Technologiesdemanddriventech.comin

Intuiflow is a scheduling and execution platform for manufacturers that uses demand-driven, constraint-based logic to create adaptive production schedules that account for real capacity limits and market variability.

Advanced ManufacturingAI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaSAtlanta, US

Erik Bush(Founder)inClarkson Jones(Executive Officer)in

BoardMike Parham(Director)Deborah Smith(Director)Shawn Welch(Director)John Vecchio(Director)in

Co-investorsCircadian VenturesJohnson Venture PartnersService Provider Capital11-11 VenturesTech Square Ventures

fenrisdigital_CMYK_TMfenrisd.comin

Fenris provides real-time data and predictive AI APIs for the insurance industry, used to prefill applications, triage submissions, assess risk, and personalize offers.

AI & Machine LearningData & InfrastructureInsurTech

Jen(Founder & CEO)inJay(CTO)in

Co-investorsCitrine AngelsLighthouse Network Ventures LlcRezon8 CapitalService Provider CapitalSixThirty Ventures

FSLogixfslogix.com

FSLogix provides software that manages Windows user profiles in virtual desktop environments, letting user data roam between session hosts, reducing sign-in times, and simplifying gold image management.

Cloud ComputingEnterprise SoftwareSaaSSuwanee, US

Randy Cook(Executive Officer, Director)Kevin Goodman(Executive Officer, Director)

Co-investorsGray VenturesNoro-Moseley Partners

Green Roof Outfittersgreenroofoutfitters.comin

Greenrise Technologies provides stormwater compliance and erosion control services, including certified bioretention soils, SWPPP management, and vegetated/green roof design, installation, and maintenance.

CleantechClimate TechConstruction TechNashville, US

LiveSourcelivesource.comin

LiveSource is a supplier portal that manages the product launch process for direct materials manufacturers, covering supplier risk management, product launch, and collaborative manufacturing.

Advanced ManufacturingLogistics & Supply ChainSaaS

Co-investorsFulcrum Equity PartnersKnoll VenturesService Provider CapitalIDEA Fund Partners

MemberSuitemembersuite.com𝕏Oct 2020 · $11M

MemberSuite (GrowthZone) provides membership management software that centralizes member data, events, finances, and communications, with AI features that draft renewals and member outreach for staff to review and send.

AI & Machine LearningEnterprise SoftwareSaaSAtlanta, US

Andrew Ryan(Executive Officer, Director)Paul Plaia III(Chief Executive Officer)in

BoardJim Corman(Director)Daniel H. Lackner(Director)David Porter(Director)John Stein(Director)

Co-investorsArrowroot CapitalRevolution

OrbitalRxorbitalrx.comin𝕏

Orbital RX provides a software platform for hospital pharmacy supply chain management that integrates inventory tracking, procurement workflows, and real-time team collaboration to coordinate shortage response across healthcare networks.

AI & Machine LearningEnterprise SoftwareHealthtechSaaS

Nate Peaty(Founder)in

Co-investorsExcelerate Health VenturesThe Launch PlaceHatteras Venture Partners

Orderlygetorderly.comin𝕏

Orderly provides cost tracking and analysis tools for restaurant teams, automating the review of food costs, ingredient pricing, and spending patterns to help identify cost anomalies and optimize procurement decisions.

Enterprise SoftwareFoodTechRetail TechSaaS

Outbound Engineoutboundengine.comNov 2014acquired by Elm Street Technology

OutboundEngine provides a done-for-you marketing platform for small businesses, automating brand building, pipeline generation, and client outreach.

Marketing TechSaaSSales TechAustin, US

Branndon Stewart(Executive Officer, Director)Henrik Johansson(Director)inFrank Livaudais(Executive Officer)Tom Sloss(Executive Officer)Scott Leese(Executive Officer)

BoardRajiv Bala(Director)in

Co-investorsEscalate Capital PartnersHarmony PartnersS3 VenturesSilverton PartnersCapital FactoryFloodgate

Payzerpayzer.comin𝕏

Payzer builds an all-in-one software platform for trade contractors covering payments, financing, and business operations from initial customer contact through final payment.

Construction TechEnterprise SoftwareFintechSaaSCharlotte, US

Joe Giordano(Founder)inDouglas Little(Executive Officer)Thomas McCulley(Director)Mark E McDowell(Director)in

BoardBenjamin Britt(Director)inDon Rainey(Director)in

Co-investorsAlumni VenturesCharlotte FundElevate Innovation PartnersGray VenturesGrotech VenturesIDEA Fund Partners+3 more

Payzerwarepayzerware.comin𝕏Jun 2021 · $23Macquired by WEX

Payzerware (now part of WEX FSM) offers an all-in-one field service management software for trade contractors, covering job and crew management, cash flow, payment collection, and customer financing.

Construction TechFintechSaaS

Co-investorsFerguson VenturesGrotech VenturesHarbert Growth PartnersIDEA Fund PartnersRoute 66 Ventures

Rent Readyrentready.comin

Rent Ready provides a software platform that manages the apartment turnover process, including scheduling, tracking, payments, and quality control for multifamily communities.

Enterprise SoftwarePropTechSaaSCharlotte, US

Jonathan Kite(Co-Founder & CEO)inRyan C. McMillan(Executive Officer, Director)William P. Brugh, Jr.(Executive Officer, Director)Scott B. Perper(Director)

Co-investorsCircadian VenturesCreativeCoRelevance VenturesService Provider CapitalVesta VenturesGrotech Ventures

RepVuerepvue.com

Chapel Hill, US

RYAN WALSH(Executive Officer, Director)inM. SCOT WINGO(Director)

BoardRICHARD FRAIM(Director)in

Co-investorsKnoll VenturesS3 VenturesGTMfundTDF Ventures

Resurfaceresurface.ioOct 2020

Graylog is a SIEM and log management platform for security, IT, and audit teams that collects and correlates log data on one timeline, groups related alerts into weighted incidents, and uses AI agents to assemble investigations and draft reports.

AI & Machine LearningCybersecurityData & InfrastructureBoulder, US

Matt Anderson(Executive Officer)V. Frank Mendicino III(Director)Andrew Grolnick(Executive Officer, Director)Robert A. Dickinson(Executive Officer, Director, Promoter)Christine Bottagaro(Executive Officer)Patrick J. Clawson(Executive Officer, Director)

Co-investorsAccess Venture PartnersFirebrand VenturesService Provider CapitalAccess VenturesFirstMile VenturesVillage Global

Resurface API Securitygraylog.orgin𝕏

Graylog provides a security information and event management (SIEM) and log management platform that collects, routes, and stores log data to detect threats, automate investigations, and manage data tiers and storage costs.

CybersecurityData & InfrastructureEnterprise SoftwareHouston, US

Lennart Koopmann(Founder)

Co-investorsFirstMile VenturesFrontera Technology VenturesLytical VenturesMercury FundSilver Lake PartnersHarbert Partners+1 more

Reveal Mobilerevealmobile.comin𝕏

Reveal Mobile provides out-of-home (OOH) advertising campaign measurement, offering a self-serve platform with real-time analytics, brand lift studies, and foot traffic attribution for advertisers and OOH brands.

AdTechData & InfrastructureMarketing TechSaaSRaleigh, US

Brian E. Handly(Executive Officer, Director, Promoter)

BoardDavid Jones(Director)inJonathan Frangakis(Director)James F. Goodmon, Jr.(Director)Edward C. McCarthy(Director)Lister Delgado(Director)in

Co-investorsBull City Venture PartnersElevate Innovation PartnersGray VenturesWolfpack Investor NetworkCofounders CapitalIDEA Fund Partners

SalesFusionsalesfusion.comin𝕏

Sugar Sell is a CRM and sales platform that guides sales reps to prioritized accounts, opportunities, and next actions by combining CRM and ERP data with AI-driven contextual insights.

AI & Machine LearningSaaSSales TechAtlanta, US

Carol O'Kelley(Executive Officer, Director)Chad Ruff(Executive Officer, Director)Christian Nahas(Executive Officer, Director)

BoardDavid Politis(Director)inAlan Taetle(Director)inJonathan Hallett(Director)

Co-investorsNoro-Moseley Partners

Siftsift.coin

Sift, founded in 2015, collects smartphone app-installation data to build user profiles and uses AI and machine learning to process mobile ad requests for hypertargeted app install advertising.

AdTechAI & Machine Learning

Jud Bowman(Founder & CEO)inSlawek Pruchnik(Co-founder, Chief Technology Officer)inJesper Rasmussen(Co-founder, Chief Software Architect)inAaron Schwager(Co-founder)in

Co-investorsElevate Innovation PartnersGV (Google Ventures)Union Square Ventures (USV)CIVFika VenturesInsight Partners+2 more

Slope Softwareslopesoftware.cominAug 2021

SLOPE is a cloud-native financial projection platform designed for financial services organizations and the actuarial community.

Enterprise SoftwareFintechInsurTechSaaSGastonia, US

Andy Smith(Co-founder)inTaylor Perkins(Co-founder)in

Co-investorsCharlotte Angel FundTech Square VenturesTechstarsCofounders Capital

Springbotspringbot.comin

Atlanta, US

Brooks Robinson(Executive Officer, Director)inAllen Nance(Director)

BoardMark Johnson(Director)inDavid Gould(Director)inWayne Hunter(Director)Brian Gallagher(Director)

Co-investorsGray VenturesNorth Atlantic CapitalTTV Capital

Stellarmystellar.cominDec 2022 · $20M

Stellar provides on-demand home services including plumbing, HVAC, electrical, and fencing repairs, pairing vetted tradespeople with online booking, transparent quotes, and real-time job tracking.

ConsumerMarketplacesPropTech

Co-investorsBrick Mortar VenturesNavigate VenturesS3 VenturesStellifiWeatherford CapitalStripe

Vyvvyv.techin𝕏

Vyv develops UV-free, chemical-free antimicrobial lighting technology using visible spectrum LEDs that continuously reduce microbial growth in occupied indoor spaces.

CleantechHardwareHealthtech

Colleen Costello(CEO)in

Co-investorsPlum Alley InvestmentsSOSVTamiami AngelTech Square VenturesWellstarCiti Ventures

Western Risewesternrise.com

Western Rise is a direct-to-consumer apparel brand.

ConsumerDirect to ConsumerE-commerceWhite, US

Will Watters Jr.(Executive Officer, Promoter)

Co-investorsBreak Trail VenturesGreater Colorado Venture Fund

Windsor Circlewindsorcircle.com𝕏

Windsor Circle provides data-driven lifecycle and email marketing software for online retailers, using purchase and customer data to power automated campaigns like cart recovery, win-back, replenishment, and best-customer emails.

E-commerceMarketing TechRetail TechDurham, US

Matthew Williamson(Executive Officer, Director)Bradley McGinity(Executive Officer, Director)

BoardAndrew Cleland(Director)inScot Wingo(Director)Lister Delgado(Director)in

Co-investorsComcast VenturesIDEA Fund Partners

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

CrashDemand Driven TechFenrisGraylogPhishLabsSift Media

Exits · 2

2 acquisitions

Outbound Engineacq. by Elm Street TechnologyPayzerwareacq. by WEX

Frequently asked questions

How many investments has Alerion Ventures made?
Alerion Ventures has 36 tracked investments, 2 of which have exited.
What stage does Alerion Ventures invest at?
Alerion Ventures invests at the Seed, Series A, Growth stages.
What sectors does Alerion Ventures focus on?
Alerion Ventures focuses on Cleantech, Crypto & Web3, Energy, Enterprise Software, Fintech, Hardware, Healthtech, Marketing Tech, SaaS.
Where is Alerion Ventures located?
Alerion Ventures is headquartered in Charleston, US.
Does Alerion Ventures lead rounds?
Alerion Ventures typically participates in rounds rather than leading them.
Who does Alerion Ventures co-invest with?
Alerion Ventures most often shares deals with Gray Ventures, Service Provider Capital, Elevate Innovation Partners, among 63 tracked co-investors.
What size deals does Alerion Ventures back?
Across 5 deals with disclosed amounts, Alerion Ventures has joined rounds of $4.3M – $23M (median $11M).

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