Top 5 New Hampshire Startup Investors for Software Founders in 2026
Finding the right investors for your startup is confusing at the start, especially in a smaller market like New Hampshire.
Founders spend hours googling "top angel investors in New Hampshire" only to find names that are inactive, out of state, or don't actually write checks into software companies.
We cross-referenced Crunchbase, PitchBook, and each firm's own site to build a verified, no-fluff list of New Hampshire's most active startup investors for software founders: Alumni Ventures, Borealis Ventures, the Rines Angel Fund, Wasabi Ventures, and eCoast Angels.
Top 5 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 |
|---|---|---|---|---|
Alumni Ventures | Technology, healthcare, enterprise software | Seed to Late-stage (focus on Seed/Series A) | Co-invests alongside firms like Sequoia and Andreessen Horowitz | Minimum $10,000 per fund investor |
Borealis Ventures | Life sciences, digital health, animal health | Pre-seed, Seed, Seed-plus, and Series A | Adimab, Avitide, Dicerna Pharmaceuticals | $250,000 - $750,000 |
Rines Angel Fund | Industry-agnostic (with a strong tech/innovation lean) | Seed-stage | Platelet BioGenesis, Datanomix | $5,000 - $20,000 |
Wasabi Ventures | SaaS, mobile, AI, early-stage software startups | Pre-seed, Seed, and Series A | Ustream, RightNow Technologies | ~$500,000 average check |
eCoast Angels | Advanced technology, software, e-commerce, healthcare, industrial | Early-stage / Seed | Flexxbotics, Canvas | $250,000 - $2,000,000 |
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: Co-invests alongside major venture firms such as Sequoia and Andreessen Horowitz across its funds
Total Investments: Over 1,600 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 around 250 new investments each year.
AV specializes in creating investment funds for university alumni and other accredited individuals. It allows investors to participate in venture capital opportunities with a minimum investment of $10,000.
AV is exclusively a co-investor. It does not lead rounds or take board seats, instead slotting into deals alongside established venture firms, so it prioritizes companies that already have a strong lead investor and are working in fintech, data security, or data management.
Aside from investment activity, AV actively supports entrepreneurs through its Venture Fellow Program and other networking and educational events.
Borealis Ventures
Website: borealisventures.com
Focused Sectors: life sciences, digital health, and animal health
Funding Stages: Early-stage investor (pre-seed through Series A)
Notable Investments: Adimab, Avitide, Dicerna Pharmaceuticals
Total Investments: 88 investments across five funds
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 healthcare investments.
Borealis Ventures aims to partner with exceptional entrepreneurs to build market-defining companies that transform healthcare through new therapies, digital innovation, and enabling technologies. Its former Built Environment investing team, which previously covered construction and design technology, now operates as a separate firm called Building Ventures.
They prefer to lead investments but are also open to co-investing with other firms or entrepreneurs.
Borealis Ventures invests between $250,000 and $750,000 per company, with a close relationship with the Dartmouth and Tuck academic ecosystem that gives it early access to academic spinouts and clinician-founded companies.
Rines Angel Fund
Website: rinesangels.com
Focused Sectors: industry-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: 9 startup investments
The Rines Angel Fund is a student-run, seed-stage venture 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 companies at the seed stage. Student associates conduct due diligence, assessing product viability, market potential, management team strength, and financial stability, and the Fund Investment Committee typically co-invests $5,000 to $20,000 in a proposed venture.
Beyond its own investment activity, 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
Funding Stages: Pre-seed, Seed, and Series A focused (operates as a venture incubator and early-stage investor)
Notable Investments: Ustream, RightNow Technologies
Total Investments: Engaged with over 200 startups since inception
Wasabi Ventures, founded in 2003 by Chris Yeh and Tom "TK" Kuegler, is a venture capital and incubation firm headquartered in Palo Alto with a Manchester, New Hampshire office.
The firm specializes in building and advising early-stage technology companies, and seeks to invest in innovative startups operating in mobile technology, SaaS, and artificial intelligence.
Wasabi Ventures leads investments, co-invests alongside other reputable investors, and offers accredited investors access to its platform to select investments aligning with their portfolios.
The average check size for Wasabi Ventures is around $500,000.
eCoast Angels
Website: ecoastangels.com
Focused Sectors: Advanced technology, software, e-commerce, healthcare, life sciences, and industrial products and services
Funding Stages: Early-stage / Seed
Notable Investments: Flexxbotics and Canvas (business/productivity software)
Total Investments: 59 investments, 28 exits
Founded in July 2000, eCoast Angels is a member-run angel network based in Portsmouth, New Hampshire, and a charter member of the Angel Capital Association.
The group focuses on early-stage companies in advanced technology, software, e-commerce, healthcare, and industrial products and services, with a preference for founders based in the New Hampshire seacoast region.
eCoast typically invests between $250,000 and $2,000,000 at pre-money valuations under $5,000,000, and prefers to be the first professional investor into a deal. There is no dedicated fund; members choose which deals to join individually.
Frequently Asked Questions
How much do New Hampshire angel investors typically invest in a software startup? Individual angel checks in New Hampshire generally run from $5,000 (student-run funds like Rines) up to $2,000,000 (angel networks like eCoast), with most early-stage deals falling between $100,000 and $750,000.
Which industries do New Hampshire investors favor? Software, SaaS, fintech, and enterprise technology are common targets, alongside a strong regional focus on life sciences and digital health driven by Dartmouth and UNH-affiliated funds.
Do I need to be based in New Hampshire to pitch these investors? No. Alumni Ventures and Wasabi Ventures invest nationally, though eCoast Angels and the Rines Angel Fund prioritize companies with New England ties.
How do I get in front of these investors? Most New Hampshire angel groups and funds accept pitches through their websites or through warm introductions from portfolio founders and regional accelerators.
What funding stage do most New Hampshire investors focus on? The state's investor base is concentrated at pre-seed and seed, with a smaller number of firms, like Alumni Ventures, following on into Series A and beyond.
Wrap-Up:
New Hampshire is becoming a hotbed for software investment. From student-run angel funds to established VC firms, there's no shortage of funding relationships worth exploring 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 understand their market and can address challenges with insight and confidence.
Position yourself as that founder. You can browse the full list of New Hampshire investors on AngelMatch, filter specifically for software investors, or use the AngelMatch investors resource to build a targeted outreach list before you start pitching.
Best of luck pitching to New Hampshire's top investors.
