Alliance Technology Ventures

Stephen Fleming and Michael Henos founded ATV in 1999. Fleming had previously led Georgia Tech's technology transfer office, and that direct pipeline into faculty research became the firm's founding edge — commercializing university intellectual property in enterprise software, industrial technology, and life sciences before those spinouts reached the broader venture market.

No. Georgia Tech formed the firm's initial sourcing core, but ATV also reviewed deals from other southeastern research universities and selectively from mid-Atlantic and Midwest institutions. The unifying filter was deep technical provenance, not a single-campus mandate.

ATV concentrates on seed and Series A rounds, often as a lead or co-lead investor. The firm typically takes board seats and works through the technical-commercial translation that defines early-stage university spinout investing.

ATV's second fund closed in 2001 at roughly $100 million, as reported by the Atlanta Business Chronicle. The firm has not publicly disclosed a more recent fund close or current assets under management.

There is no public record of a recent fund close or new investment activity. The firm's website (ats.biz) remains registered, but its current posture — whether actively deploying capital, managing legacy positions, or operating in a reduced capacity — is not disclosed.