# Alpine Technology Ventures

Alpine Technology Ventures is a Venture Capital based in San Francisco, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 2013
- **Assets under management:** $50M–$150M (Altss estimate)
- **Website:** alpinevc.com

## Regulatory record

- **Reports private funds:** No

## About

Alpine Technology Ventures launched in 2013 when Mike Fleming established the firm in San Francisco. Fleming brought operating and investing experience from earlier technology roles, structuring Alpine around a concentrated, high-conviction model that departs from portfolio-spray venture approaches. The firm focuses on genuine enterprise infrastructure — not consumer apps — targeting founders with deep technical backgrounds. Alpine deploys capital almost exclusively at the seed and Series A stages. Its investments cluster in cloud infrastructure, cybersecurity, artificial intelligence, and enterprise SaaS. Confirmed portfolio companies from its early vintages include cloud-native security platform Threat Stack (acquired by F5 in 2021) and DevOps analytics provider Electric Cloud. The firm favors lead or co-lead positions, often syndicating with specialized early-stage funds rather than competing with large multi-stage platforms. Geographic concentration remains overwhelmingly US-based, with a tilt toward Bay Area and Pacific Northwest founding teams. Alpine operates with a deliberately small team — typically under five professionals — and has not publicly disclosed total assets under management. The firm raised its debut fund in 2013 and subsequent vehicles have been modest by industry standards, consistent with a seed-stage specialist avoiding strategy drift. Fleming personally sits on multiple portfolio company boards, a structure that keeps decision-making centralized. No adjacent philanthropic or real-asset vehicles are publicly known. Alpine's structural distinction lies in its refusal to scale. While peer seed funds have raised multi-hundred-million-dollar vehicles and added growth-stage programs, Alpine has maintained fund sizes appropriate for genuine early-stage company-building. This constraints-based model — small funds, small team, no platform services — means portfolio companies receive direct partner attention, a structural posture increasingly rare in a market dominated by AUM-gathering incentives.

## Sectors

- Enterprise Software
- AI/ML
- Cybersecurity
- Cloud Infrastructure
- Industrial Tech

## People

- Mike Fleming — Founder & Managing Partner

## Questions

### Who makes investment decisions at Alpine Technology Ventures?

Mike Fleming, the founder and managing partner, is the central decision-maker. Alpine operates with a small, flat team structure where Fleming leads sourcing, diligence, and board representation. No investment committee beyond the partnership level is publicly documented.

### Which sectors does Alpine Technology Ventures explicitly avoid?

Alpine does not invest in consumer internet, hardware, biotech, or clean energy. The firm has maintained a strict enterprise-only mandate since inception — its portfolio is built entirely around B2B software, infrastructure, and deep technology that sells into corporate IT buyers.

## Related profiles

- [Pac-Link](https://altss.com/profile/pac-link)
- [American Healthcare Partners](https://altss.com/profile/american-healthcare-partners)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/alpine-technology-ventures

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