BBG Ventures
Facts
- HQ
- New York, NY, US
- Sectors
- Venture Capital and Private Equity Principals
- Founded
- 2014
- Employees
- 66
Kevin Ryan’s AlleyCorp Raises $335 Million Second Early-Stage Fund to Back Psychedelics, Healthcare and Deep Tech
AlleyCorp founder Kevin Ryan raised a new $335 million early-stage fund after taking outside capital for the first time in 2024, continuing the firm’s strategy of making early bets in areas like psychedelics, healthcare, deep tech and general tech. The firm, which has produced multiple unicorns and reportedly a historical 60% IRR, aims to back companies before opportunities are obvious and help build them from early revenue stages.
Established Venture Firms Capture 91% of Capital in Q1 2026, Squeezing Emerging Managers
In Q1 2026, established venture firms captured 91% of new capital, a rise from 74% in 2025, making it increasingly difficult for emerging managers to raise funds. Limited partners now demand clearer proof of returns and more transparency, intensifying the competitive fundraising environment.
Seattle Startups AceRocket and Boop Innovate in AI Exam Prep and Social Travel Itineraries
Seattle startups featured include AceRocket, an AI-driven exam prep platform aiming to improve standardized test study, and Boop, a social travel app creating shoppable itineraries. These early-stage companies focus on innovative solutions for students, travelers, and pet owners, with expert feedback highlighting both opportunities and challenges.
