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Today: December 5, 2024
March 7, 2024
1 min read

Winter 2024 Funding Update for HBS Alumni Startups

TLDR:

  • HBS MBA alumni founders raised nearly $1B in venture capital since the last funding update in the fall.
  • Publicly disclosed funding rounds by industry include B2B, consumer, fintech, healthcare, and deep tech.

MBA alumni founders from Harvard Business School have collectively raised approximately $960 million in venture capital since the last funding update in the fall. The funding covers a wide range of industries, showcasing the diverse entrepreneurial pursuits of HBS graduates. Notable funding rounds include:

  • The $102 million Series D raised by TravelPerk, a business travel booking company founded by Ron Levin (MBA ’08).
  • A $40 million round secured by Prove, a smartphone-based identity verification company co-founded by Rodger Desai (MBA ’03).
  • Radius Agent, an online real estate brokerage founded by Sanya Gurnani (MBA ’14), raised a $13 million Series B.
  • Cryptocurrency company Cumulus Encrypted Storage System (CESS) co-founded by Nicholas Zaldastani (MBA ’86) secured an $8 million Series A funding.
  • Fintech startup Meniga, co-founded by Georg Ludviksson (MBA ’08), raised a $16 million Series D.
  • Healthcare companies like MapLight Therapeutics, Diana Health, and Africa Healthcare Network also received significant funding rounds.
  • In the deep tech sector, autonomous aircraft company Shield AI raised a remarkable $300 million Series F.

The list of funded startups reflects the ongoing success and innovation of HBS alumni in various sectors, highlighting their ability to secure substantial investments for their ventures.

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