The MBA Fund is a venture capital firm that invests in student, alumni, and dropout founders from top startup-producing universities, specifically Harvard Business School, Stanford Graduate School of Business, and The Wharton School. It focuses on early-stage companies across software, fintech, consumer, education, AI, and other sectors.
Deal activity increased 100% year-over-year (2 deals in the last 12 months). Their most common stage is seed (56% of deals). Average disclosed round size is $4.9M (across 17 rounds with reported amounts).
Portfolio
16
Fund Size
—
Top Stage
Seed
Last 12 Mo
2
Team
Alan Ma
Campus Lead Campus Lead 2027
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
18 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 BON Credit | Seed | $3.5M | Dec 2025 |
 Mentium | Seed | $3.2M | Oct 2025 |
 Bolo AI | Seed | $8.1M | Jan 2025 |
 Mbue | Pre-Seed | $1.8M | Sep 2024 |
 Astor | Seed | $1.4M | Mar 2024 |
| JJetstream Africa | Series A | $13M | Jan 2023 |
 AAVRANI | Series A | $7M | Jan 2022 |
 Train Fitness | Pre-Seed | $600K | Jan 2022 |
 Hopscotch | Seed | $3.6M | Oct 2021 |
 TRM Labs | Series A | $14M | Jun 2021 |
 Offsight | Seed | $6.4M | May 2021 |
 Webacy | Pre-Seed | — | Jan 2021 |
| Train Fitness | Unknown | $2.5M | Jan 2021 |
| TTrm | Seed | $1.7M | Jan 2019 |
| TRM Labs | Seed | $1.7M | Jan 2019 |
 Hue | Seed | $4.5M | — |
 Wreno | Seed | $5M | — |
| DDataFleets | Unknown | $4.5M | — |
Top Co-Investors
NFX4 shared
Blockchain Capital3 shared
Alumni Ventures3 shared
Elevation Capital2 shared
Angel Invest2 shared
Lerer Hippeau2 shared
Hustle Fund2 shared
Pappas Capital2 shared
Green Bay Ventures2 shared
Third Kind Venture Capital1 shared
8VC1 shared
Valar Ventures1 shared
K2 HealthVentures1 shared
India Quotient1 shared
Brighteye Ventures1 shared
Valor Equity Partners1 shared
Noemis Ventures1 shared
TMV1 shared
Matchstick Ventures1 shared
Tower Research Ventures1 shared
Last updated: 8 September 2026