Advance

Advance is a private, family-owned business headquartered in New York City, with a diversified portfolio that spans media, entertainment, technology, communications, and education. While Advance itself operates as a vast holding company, owning and managing major entities such as Condé Nast and American City Business Journals, its dedicated venture capital activities are primarily conducted through Advance Venture Partners (AVP). AVP leverages the extensive resources, strategic insights, and operational expertise of its parent company to identify and support high-growth businesses.

AVP strategically invests in companies across sectors that align with Advance's core interests, including media, entertainment, communications, and technology. The firm maintains a stage-agnostic approach, demonstrating flexibility to participate in rounds from seed to growth equity, though its primary focus is on Series A and B investments. AVP is known for its substantial initial capital commitments, with typical first checks ranging from $10 million to $50 million. This significant initial investment is often complemented by capital reserved for follow-on rounds, underscoring a long-term commitment to the growth and success of its portfolio companies.

Beyond providing capital, AVP aims to deliver strategic value to its portfolio companies by connecting them with Advance's vast network and deep operational knowledge. This integrated approach enables AVP to support startups not only financially but also through strategic partnerships, market access, and guidance from seasoned operators within the broader Advance ecosystem. Their investment philosophy is geared towards building enduring businesses, reflecting the patient, long-term perspective characteristic of a family-owned enterprise.

The firm's portfolio showcases a diverse array of innovative companies, reflecting its broad mandate within the targeted growth sectors. This strategic alignment with Advance's overarching business interests provides AVP with a unique advantage, allowing it to identify and nurture companies that can both benefit from and potentially contribute to the parent company's extensive holdings in media and technology.