Advance Venture Partners

About The Fund

Advance Venture Partners (AVP) is an evergreen venture capital firm that specializes in long-duration, concentrated investments in technology and tech-enabled companies, operating with a theme or sector-driven approach. Focusing on companies serving both enterprise or consumer end markets, AVP supports innovative founders and operators in building disruptive, landscape-changing businesses, offering first checks ranging from $10 million to $25 million. AVP has expertise in commerce, software, technology-enabled services, and media, leveraging over 100 years of domain expertise and intellectual capital accumulated by its partner company, Advance Publications, which owns noteworthy businesses such as Conde Nast and Reddit. AVP emphasizes investment in three core sectors: digital health, data platforms, and robotics. In digital health, they look for platforms demonstrating scalable and capital-efficient models with the potential to reduce costs, improve care, and increase access. When it comes to data platforms, AVP seeks services that enhance the sharing of data and insights, support better real-time decision-making, and standardize business metrics. In the realm of robotics, the firm invests in solutions poised to revolutionize physical industries by augmenting human labor through advancements in AI, computational power, and decreasing hardware costs, addressing large labor gaps and fostering economic growth. With minimum investments of $5 million and up to a maximum of $30 million, their 'sweet spot' investment is also $5 million, signifying their focused approach. AVP is built in partnership with Advance, a family-owned, multi-generational holding company, allowing them to serve as patient capital and strategic partners. Their investment strategy is informed by evolving market trends and opportunities created for emerging platforms in their preferred industries.