# Alpha Funds: portfolio, investments and team > Alpha Funds is a vc firm based in United States. 2 investments on record, 2 in the last 12 months, latest Jun 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/alpha-funds (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Alpha Funds Last cheque observed Jun 2026; 2 cheques on record. Email Deploying now New fund $245M, Aug 2026 VC firm Seed Series B Follow Alpha Funds and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Falpha-funds) Deploying now **100%** of best year **2** **cheques in 12 months**, 2 on record Since the last cheque **153** days **00** hrs **00** min **00** sec Median round **$18M** Rounds led **1 of 2** Pitch Alpha Funds ## Alpha Funds highlights - 01 2 cheques in the last 12 months - 02 Mostly Seed and Series B: 100% of its rounds - 03 Led 1 rounds ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Based in:** ODESSA, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **2 appearances** - **2026** 2 rounds - **Jun** **[Dawn Aerospace](https://millionrounds.com/company/dawn-aerospace)** Series B · NZ · Firms' own news pages **$25M** With 18 others - **Feb** **[Sophia Space](https://millionrounds.com/company/sophia-space)** Seed · US · Firms' own news pages **$10M** *Led* An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **2 named** JD **James D. Russell** Manager of the General Partner i Filing they signed LS **Lee Simmons** Director i Filing they signed We also hold **3** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What they claim to have backed From their own portfolio page (on their website) **7** of 10 we have independently watched raise [anthropic](https://millionrounds.com/company/anthropic)[atomic6](https://millionrounds.com/company/atomic-6)[bioorbit](https://millionrounds.com/company/bioorbit)[gravitics](https://millionrounds.com/company/gravitics)[openai](https://millionrounds.com/company/openai)[sophia](https://millionrounds.com/company/sophia-space)[stathera](https://millionrounds.com/company/stathera) boom dawn starpath Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. New fund on file **$245M** raised in Aug 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series B Median round joined **$18M** the round, not its cheque Led 1 of 2 rounds **50%** - **Sole investor:** Never alone - **Last cheque:** Jun 2026 Rounds by stage said on their site - Seed *1* - Series B *1* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Gaingels](https://millionrounds.com/fund/gaingels) 2 **Pitching Alpha Funds?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Alpha Funds. A count of rooms they were both in, not a relationship either has claimed. [**Gaingels** Private equity **2** rounds together](https://millionrounds.com/fund/gaingels) ## Recently backed The latest companies Alpha Funds put money into. [**Dawn Aerospace** $25M · Jun 2026](https://millionrounds.com/company/dawn-aerospace)[**Sophia Space** $10M · Feb 2026](https://millionrounds.com/company/sophia-space) ## Quick answers about Alpha Funds ### What does Alpha Funds invest in? Alpha Funds invests most often at Seed and Series B (100% of the rounds on record). ### How active is Alpha Funds? 2 investments on record, 2 of them in the last 12 months, and it led 1. The most recent was in Jun 2026. ### What has Alpha Funds invested in recently? Its most recent investments on record: Dawn Aerospace (Series B, Jun 2026) and Sophia Space (Seed, Feb 2026). ### How big are Alpha Funds's cheques? The median round it joins is $18M. ### Is Alpha Funds investing now? Yes: it is actively investing, with 2 investments in the last 12 months. ### Who does Alpha Funds invest alongside? Most often Gaingels (2 rounds together). ### What kind of investor is Alpha Funds? Alpha Funds is a VC firm based in ODESSA, United States. ### Has Alpha Funds raised a new fund? Its latest fund filing with the SEC was in Aug 2026, reporting $245M raised. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=alpha-funds) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=alpha-funds)