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Purple Arch Ventures
Venture capital investing for Northwestern alumni and other friends of the community through diversified venture portfolios of Northwestern-connected startups.
Purple Arch Ventures
Venture capital investing for Northwestern alumni and other friends of the community through diversified venture portfolios of Northwestern-connected startups.
General information
Firm type
Venture Capital
Year founded
2016
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Manchester
Corporate office
Manchester, United States
Principals
Mike Peri
Managing Partner
David Beazley
Executive Partner
Keaton Nankivil
Senior Principal
Wynton Bastian
Associate
Sector focus
Frequently asked questions
Who runs investment decisions at Purple Arch Ventures?
Mike Peri serves as managing partner and leads the investment process. He is supported by executive partner David Beazley and senior principal Keaton Nankivil, with deal evaluation vetted through the centralized Alumni Ventures platform, which employs 40 full-time venture professionals across seven US offices.
How does Purple Arch Ventures source deals?
Deal flow comes through co-investment relationships with top-tier venture firms such as Andreessen Horowitz, Sequoia, Khosla Ventures, and Founders Fund, as well as through the 850,000-strong Alumni Ventures community and the Northwestern alumni network specifically. The firm's website emphasizes proprietary access generated by its investor and syndicate member base.
What is the difference between the Purple Arch fund and the syndicate?
The annual fund is a diversified portfolio of 20–30 venture investments deployed over 12–18 months, managed by the investment team. The syndicate is a deal-by-deal vehicle where accredited members choose investments individually, usually seeing about one deal per month with access to due-diligence materials and live deal discussions.
Which sectors does Purple Arch Ventures focus on?
The firm is sector-agnostic but its public portfolio includes companies in artificial intelligence (Groq), fintech (Circle), space (Axiom Space), digital health (Epicore Biosystems), biotech (Generate Biomedicines), enterprise software (Carta), and climate tech (CarbonCapture). The parent platform allows members to customize exposure to specific themes such as AI or women-founded companies.
Is Purple Arch Ventures a standalone firm or part of a larger organization?
Purple Arch Ventures operates as a network fund within Alumni Ventures, which is a centralized venture platform managing approximately 25 alumni-focused venture funds. Investment decisions, back-office operations, and due diligence are shared across the parent organization, making Purple Arch a branded distribution and sourcing channel rather than an independent partnership.
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