fundmomentum.vc

Avenue Growth Partners Fund II

United States
Series A
Share

About Avenue Growth Partners Fund II

Avenue Growth Partners closed an oversubscribed $155M Fund II at its hard cap ($125M target), nearly double its debut fund. Concentrated, growth-equity bets on vertical software and AI-enabled platforms for specialized industries: labs, trucking, legal, equipment dealerships.

Investment Focus

Location / RegionUnited States
Funding StageSeries A
Industry Focus
AI/ML
Vertical SaaS

Investor Signals Profile

active

Sweet Spot

Vertical software/AI founder in fragmented, underserved specialized market

vertical software
AI-enabled platforms
specialized industries
growth equity

Bullish Signals

Oversubscribed at hard cap, nearly 2x debut fundexternal
LPs include The Metropolitan Museum of Art, GCM Grosvenorexternal

Contrarian Signals

New data appears to reference Avenue Capital Group (debt/credit focus), not Fund Momentumexternal

Founder Do's

Build vertical software or AI for specialized, underserved industry
Fit an $8-10M Series A-adjacent check
Target fragmented, capital-constrained markets

Founder Don'ts

Expect a broad, generalist portfolio (concentrated positions only)
Avoid commodity/saturated verticals

Key GPs & Partners

RR
Ryan Russell
Co-founder & Partner
concentrated-bets
BG
Brian Goldsmith
Co-founder & Partner
vertical-AI

Unlock Investor Signals

€29/month for full signal access. Cancel anytime.

View PlansBrowse all Signal Profiles →

Fund Overview

Fund Size$155M
Saves0
Website

Key People

Ryan Russell, Brian Goldsmith

Ryan RussellCo-founder & Partner
Brian GoldsmithCo-founder & Partner

Related Funds

Runway Ventures Fund

$10M
United States
Pre Seed
Ai Ml, Creator Economy
Fund Manager:Runway (RunwayML)
Pre Seed
Ai Ml
Creator Economy

BlackWood Ventures Fund

$25M+
United States
Seed
Saas, Robotics Automation, Enterprise Software
Fund Manager:Bastian R. Larsen, Thomas Derambure
Seed
Saas
Robotics Automation
Enterprise Software

Vicus Ventures Fund I

$55
United States
Seed
Fund Manager:Raj Singh Sandhu, Sunny Singh Sandhu
Seed