# The Allston Venture Fund

The Allston Venture Fund is a Venture Capital based in Allston, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Allston, United States
- **Region:** North America
- **Address:** Allston, MA, United States
- **Assets under management:** Undisclosed
- **Website:** innovationlabs.harvard.edu
- **LinkedIn:** https://www.linkedin.com/company/allston

## Regulatory record

- **Reports private funds:** No

## About

Celebrating Our President's Innovation Challenge Winners Harvard students and alumni are building solutions that move people, communities, and industries…

## Sectors

- Enterprise Software
- AI/ML
- Digital Health
- ClimateTech
- FinTech

## Questions

### Who runs investment decisions at The Allston Venture Fund?

Investment decisions are made by a committee composed of Harvard students — primarily MBA candidates and select undergraduates — and representatives from the fund's six institutional venture backers: Bain Capital Ventures, General Catalyst, GETTYLAB, Highland Capital Partners, Polaris Partners, and Underscore VC. No single student GP can unilaterally deploy capital; every investment requires committee approval, which gives the fund a governance architecture closer to a multi-partner micro-fund than a typical student club.

### How is The Allston Venture Fund related to Harvard University?

The fund is operationally embedded within the Harvard Innovation Labs (i-lab) in Allston, Massachusetts. It is not an endowment vehicle and does not invest Harvard's own capital. Instead, the i-lab provides the physical infrastructure, the pipeline of venture teams, and executive oversight through its director, Matt Segneri. The university itself is a host institution and the primary source of proprietary deal flow, but the fund operates at arm's length from the Harvard Management Company.

### Does The Allston Venture Fund participate in fund commitments or only direct deals?

The fund writes direct equity checks into startup companies, primarily at the seed stage. There is no public record of it making fund-of-funds commitments to other venture firms. Its mandate is direct early-stage company investing sourced from the Harvard Innovation Labs ecosystem.

### Which investment stages does The Allston Venture Fund typically target?

The fund concentrates on the earliest stages of a company's life — pre-seed and seed rounds. Because its pipeline is constrained to Harvard-founded startups inside the i-lab, most companies are at the point of incorporation, prototype, or first customer revenue when the investment committee evaluates them.

## Related profiles

- [The Africa Group](https://altss.com/profile/the-africa-group)
- [The Alta Fund](https://altss.com/profile/the-alta-fund)

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

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