Union Grove Venture Partners
Chapel Hill, North Carolina, United StatesFounded 2012
Union Grove Venture Partners (UGVP) is a venture capital-focused fund-of-funds manager that invests in established and emerging US venture funds and makes direct co-investments, primarily in technology and healthcare companies. Founded in 2012, the firm spun out from Morgan Creek Capital Management in 2014 and is ranked as a top-performing PE fund-of-funds by HEC Paris.
33% of their portfolio is in Data & Analytics. Average disclosed round size is $70.6M (across 14 rounds with reported amounts).
Portfolio
10
Fund Size
—
Top Stage
Series B
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
15 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Hero Bread | Series B | $47.5M | May 2023 |
| Hero Bread | Series B | $15M | Jan 2023 |
 Alation | Series E | $123M | Nov 2022 |
 Oliver Space | Series B | $36M | Aug 2022 |
 Current Foods (part of Wicked Kitchen) | Seed | — | Jun 2022 |
| Oliver Space | Series B | $36M | Jan 2022 |
 Alation | Series E | $123M | Jan 2022 |
| AAlation Inc | Series E | $123M | Jan 2022 |
| AAlation Inc | Series D | $110M | Jan 2021 |
| Alation | Series D | $110M | Jan 2021 |
 Descartes Labs | Bridge | $20M | Oct 2019 |
 SpotHero | Series D | $50M | Aug 2019 |
 Poshmark | Series C | $25M | Apr 2015 |
 Samba TV | Debt | $60M | — |
| Alation | Series D | $110M | — |
Top Co-Investors
Costanoa Ventures6 shared
Sanabil Investments6 shared
Salesforce Ventures6 shared
Icon Ventures6 shared
Riverwood Capital6 shared
Dell Technologies Capital6 shared
Sapphire Ventures6 shared
Thoma Bravo3 shared
Hewlett Packard Enterprise3 shared
Databricks Ventures3 shared
Abstract Ventures2 shared
Mayfield Fund2 shared
444 Capital2 shared
Redpoint Ventures2 shared
Composite Capital Management2 shared
Cleveland Avenue2 shared
DNS Capital2 shared
Snowflake Ventures2 shared
NTT DOCOMO Ventures2 shared
Last updated: 7 October 2026