When it comes to finding the right investors for your startup, every founder feels puzzled at the start.
They spend countless hours surfing Facebook, checking the wrong databases, or googling "top angel investors in New Hampshire", only to get names that are either inactive or don’t even invest.
But, it's time to change that.
After deep research and cross-referencing multiple sources, we’ve created a no-fluff guide to New Hampshire’s most active startup investors who fund startups.
Let’s start!
Top 6 Startup Investors in New Hampshire Who Invest in Software Startups
Here’s a quick table to summarize the list
| Investor Name | Focused Sectors | Funding Stages | Notable Investments | Investment Range |
|---|---|---|---|---|
| HarbourVest Partners | Technology, healthcare, energy, global private markets | All stages (Seed to Buyout) | Bumble, Datadog, Moderna, Peloton, Stripe | $5M – $100M (co-investments), $5M – $40M (growth) |
| Alumni Ventures | Technology, healthcare, enterprise software | Seed to Late-stage (focus on Seed/Series A) | Wheels Up, SimpliSafe, Sunbit | Varies (fund-based investing) |
| Borealis Ventures | Technology, healthcare innovation, life sciences | Seed and Series A | Adimab, Avitide, Credo, Pwnie Express, Dicerna Pharmaceuticals | $100,000 – $2M |
| River Birch Partners | Industrial tech, AI, aerospace, machine learning, cybersecurity, cloud computing | Growth and expansion | All Safe Global, Midasco | Flexible, EBITDA focus ($1M–$8M) |
| Rines Angel Fund | Industry-agnostic (with a strong tech/innovation lean) | Seed-stage | Platelet BioGenesis, Datanomix | Early-stage seed capital |
| Wasabi Ventures | SaaS, mobile, AI, early-stage software startups | Seed and Series A | RightNow Technologies, Ustream | ~$500,000 |
HarbourVest Partners
- Website: harbourvest.com
Focused Sectors: Technology, healthcare, energy, and other industries (global private markets exposure) - Funding Stages: Invests at all stages of private companies (from seed-stage ventures to growth and buyouts)
- Notable Investments: Bumble, Datadog, Moderna, Peloton, Stripe
- Total Investments: Over 250 investments to date
Founded in 1982 by Edward Kane and Brooks Zug, HarbourVest Partners is a prominent global private equity firm headquartered in Boston. Over its four-decade history, HarbourVest has committed more than $49 billion to newly formed funds and completed over $40 billion in secondary purchases.
The investors at HVP prioritize companies with proprietary technologies, experienced management teams, and unique market positions.
Startups aiming to solve macro and micro tech problems, such as scalable infrastructure solutions or niche industry applications, align well with HarbourVest's investment interests.
HarbourVest's investment strategy includes primary fund investments, secondary transactions, direct co-investments, infrastructure and real assets, and private credit.
The firm targets co-investments ranging from $5 million to $100 million, growth capital financings between $5 million and $40 million, and mezzanine commitments from $5 million to $20 million.
Alumni Ventures
- Website: av.vc
Focused Sectors: technology, healthcare, and enterprise software - Funding Stages: Backs companies from seed to late-stage, with an emphasis on initial investments at Seed and Series A rounds
- Notable Investments: Wheels Up, SimpliSafe, Sunbit
- Total Investments: Over 1,200 portfolio companies
Established in 2014 by Mike Collins, Alumni Ventures (AV) is a venture capital firm headquartered in Manchester, New Hampshire. The firm has raised over $1.3 billion since its inception and has invested in over 1,400 companies, averaging 250 new investments each year.
AV specializes in creating investment funds for university alumni. They allow investors to participate in venture capital opportunities with a minimum investment of $10,000.
During the screening tests, they prioritize companies with modern technologies that are solving problems in the fintech, data sec,urity or data management fields.
Aside from investment activities, AV actively supports entrepreneurs through its CEO Services and many other networking events.
Borealis Ventures
- Website: : borealisventures.com
Focused SectorsTechnology and life sciences, with a focus on healthcare innovation - Funding Stages: Early-stage investor (typically Seed and Series A rounds)
- Notable Investments: Adimab, Avitide, Credo, Pwnie Express, Dicerna Pharmaceuticals
- Total Investments: : Has invested in over 50 companies since inception
Founded in 2002, Borealis Ventures is a venture capital firm based in Hanover, New Hampshire. The firm specializes in seed and early to mid-stage investments.
Borealis Ventures aims to partner with exceptional entrepreneurs to build market-defining companies in areas such as 3D design and construction management.
They prefer to lead investments but are also open to co-investing with other firms or entrepreneurs.
Moreover, the firm partners with exceptional entrepreneurs to build market-defining companies in healthcare. They focus on extraordinary opportunities to transform healthcare through new therapies and digital innovation.
Borealis Ventures invests between $100,000 and $2 million in portfolio companies that have sales values up to $10 million and enterprise values up to $20 million.
River Birch Partners
- Website: riverbirch-partners.com
Focused Sectors: industrial components, aerospace, and logistics - Funding Stages: Growth-stage: and expansion investments
- Notable Investments: : All Safe Global, Midasco (lower-middle-market companies in industrial services and infrastructure)
- Total Investments: 10
River Birch Partners, established in 2011, is a New England-based private investment firm. It specializes in equity investments in profitable private companies within the lower middle market.
The firm operates without external capital constraints, allowing for a flexible and patient investment approach.
When investing, River Birch Partners focuses on companies with:
- Revenue: Over $10 million
- Gross Margins: Above 30%
- EBITDA: : Between $1 million and $8 million
The investors mostly invest in startups that are dealing with modern technological challenges such as artificial intelligence, machine learning, cybersecurity, and cloud computing. Their patient investment approach and focus on long-term value creation align with the dynamic needs of tech entrepreneurs.
Rines Angel Fund
- Website: rinesangels.com
Focused SectorsIndustry-agnostic seed fund - Funding Stages: Seed-stage ventures (student-run angel fund making early investments in emerging startups)
- Notable Investments: Platelet BioGenesis (biotech) and Datanomix (industrial analytics)
- Total Investments: 10 startup investments
The Rines Angel Fund is a student-run, seed-stage venture capital fund at the University of New Hampshire (UNH) in Durham.
Established in 2015 through a donation from S. Melvin "Mel" Rines, the fund offers undergraduate students hands-on experience in angel investing and venture capital.
The Rines Angel Fund is industry-agnostic, investing in tech companies at the seed stage. Student associates conduct screening tests, assessing product viability, market potential, management team strength, and financial stability. The fund mostly invests in companies looking for initial capital to scale operations and bring innovative solutions to market.
Other than investment activities, Rines Angel Fund also actively engages with the local entrepreneurial ecosystem by collaborating with angel groups like eCoast Angels, 10X Venture Partners, and the Millworks Fund.
Wasabi Ventures
- Website: wasabiventures.com
- Focused Sectors: : Early-stage technology companies, especially in SaaS, mobile, and artificial intelligence domains
- Funding Stages: : Seed and Series A focused (operates as a venture incubator and early-stage investor)
- Notable Investments: RightNow Technologies, Ustream
- Total Investments: : Involved with 200+ startups
Wasabi Ventures, founded in 2003 by Chris Yeh and Thomas Kuegler, is a venture capital and incubation firm based in Palo Alto. The firm specializes in building and advising early-stage technology companies.
When investing, the fund seeks to invest in innovative startups operating in mobile technology, SaaS, and artificial intelligence sectors. They focus on a triple-vetting process to maximize the chances of investing in a perfect startup.
Moreover, Wasabi Ventures leads investments, co-investing alongside other reputable investors, and offers accredited investors access to their platform to select investments aligning with their portfolios.
Since its inception, they have invested in over 100 companies, with a portfolio comprising 35 active investments and 66 exits.
The average check size of Wasabi Ventures is around $500,000.
Wrap-Up:
To wrap up, New Hampshire is becoming a hotbed for software investment. From angel investors to VC and PE firms, there’s no shortage of funding opportunities for promising tech startups.
The question is: how will you convince them that your startup is the one to watch?
One of the most effective strategies is to present real-time data and clear metrics. Investors are drawn to founders who not only understand their market but can also fight challenges with insight and confidence.
Position yourself as that founder.
Best of luck pitching to New Hampshire’s top investors.
