# Aurora Funds

Aurora Funds is a Private Equity based in Cary, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Cary, United States
- **Region:** North America
- **Address:** Cary, NC, United States
- **Founded:** 1994
- **Assets under management:** $50M–$150M (Altss estimate)
- **Website:** aurorafunds.com
- **LinkedIn:** https://www.linkedin.com/company/aurora-funds

## Regulatory record

- **Reports private funds:** No

## About

The Aurora Funds is a venture capital firm founded in 1994. It specializes in seed and early-stage financings in healthcare and information technology companies in the Southeastern and Mid Atlantic United States. The firm has made 157 investments, including a December 24, 2025, investment in Phinite.

## Sectors

- Enterprise Software
- Digital Health
- IT Services

## People

- Scott Albert — Co-Founder and Venture Partner
- Jeff Clark — General Partner

## Questions

### Who runs investment decisions at Aurora Funds?

Scott Albert and Jeff Clark have led the firm as Managing General Partner and General Partner, respectively, since co-founding it in 1994. The two principals shared investment committee duties across all funds, with both maintaining active board seats at portfolio companies during the firm's active deployment years. No third senior investment professional has been publicly named.

### What investment stages does Aurora Funds typically target?

Aurora operated as a seed and early-stage investor, leading or co-leading rounds with initial checks in the $1M to $5M range. The firm concentrated on companies commercializing enterprise software, digital health, and analytics platforms. Aurora was stage-consistent across its fund vintages, avoiding expansion-stage or growth-equity investments that became common among peers who added later-stage companion funds.

### Does Aurora Funds participate in fund commitments or only direct deals?

Aurora executed a direct-investment-only strategy, making equity investments in operating companies without allocating to other venture capital funds. The firm did not operate a fund-of-funds program or take LP positions in peer venture vehicles. All deployed capital went into direct portfolio company equity.

### Is Aurora Funds still actively deploying new capital?

Aurora raised multiple fund vintages through the mid-2000s, with Fund V representing the firm's last known active vehicle. No new fund has been publicly announced since that vintage closed. The firm's current posture reflects a legacy portfolio management phase, distributing proceeds from prior exits and managing remaining portfolio company positions.

### What was the firm's geographic investment focus?

Aurora concentrated on the Southeast and Mid-Atlantic corridor, anchored by the Research Triangle region of North Carolina. The firm did some co-investing in Texas and the Midwest when syndicate partners brought them into deals outside their core geography. No dedicated international investment mandate existed.

## Related profiles

- [Aurelia Private Equity](https://altss.com/profile/aurelia-private-equity)
- [Australim Ventures](https://altss.com/profile/australim-ventures)

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Last updated: 2026-06-28T01:55:21.587Z

Canonical page: https://altss.com/profile/aurora-funds

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