Steve Brotman
Managing Partner at Alpha Partners
New York, New York
Overview
Work Experience
Managing Partner and Founder
2012 - Current
Alpha Partners, a NYC based growth equity firm founded in 2012, manages $130 million. Alpha’s unique value proposition is simple yet powerful. Alpha co-Invests in top-tier growth equity companies, led by the world’s best Investors, by leveraging the unused Pro Rata Rights of our 500+ early stage VC partners, with whom we share economics. We are anchored by the Pritzker Group and other institutional family offices. We focus on growth and late stage tech investment opportunities primarily in essential technology sector including ecommerce, enterprise software, edtech, mobility, fintech, and health IT like telemedicine. Our bite sizes will range from $250K to $15M with the occasional $25-50M pre-IPO opportunity. For more on Alpha Partners, see www.alphapartners.com.
Strategic Advisor
2011 - 2021
I advise Pritzker Group Venture Capital, an evergreen multi-stage VC fund backed by the Chicago based Pritzker family, on early, growth and expansion stage venture opportunities, particularly those in the New York metro area. Pritzker Group Venture Capital, formerly New World Ventures, helps entrepreneurs build market-leading technology companies at every stage of their growth. Since our founding in 1996, our firm has worked side-by-side with entrepreneurs at more than 100 companies, building partnerships based on trust and integrity. Our proprietary capital structure allows for tremendous flexibility, and our experienced team of investment professionals and entrepreneurs offers companies a vast network of strategic relationships and guidance. Successful exits in recent years include Fleetmatics (NYSE: FLTX), SinglePlatform (acquired by Constant Contact), Zinch (acquired by Chegg), Playdom (acquired by Disney), LeftHand Networks (acquired by Hewlett-Packard), and TicketsNow (acquired by Ticketmaster). For more information on Pritzker Group Venture Capital: www.pritzkergroup.com/venture-capital/
Board Member
2004 - 2013
I led the Series A investment in 2004. Critical Mention records all broadcast TV and radio communications 24/7 in almost every country in the world and make them real time searchable. In addition, the company provides syndication and software services for the broadcast industry to transition to a digital world.
Critical Mention provides the most comprehensive Web-based real time broadcast monitoring service and is changing the way corporate
Raised $9,333,686.00 from CIBC Capital Partners, Stonehenge Capital, Silicon Alley Venture Partners, Ocean Road Partners and Pennell Venture Partners.
Advisor
2012 - 2013
Noom is a fitness technology with the leading weight loss "coaching" app on Android, Noom Weight Loss Coach. 2% of all Androids manufactured have the Noom app on them.
Board Observer
2002 - 2012
co-led 2002 Series A in Knovel with Himalaya and Milestone Ventures. Knovel is the Lexis Nexis for Engineer globally, enabling engineers to access reference texts digitally anywhere. Sold to Elsevier in 2012.
Managing Partner and Founder
1998 - 2011
As the Managing Partner and Founder of Silicon Alley Venture Partners, I spearheaded the growth of a pioneering B2B SaaS seed stage VC in New York, achieving $120 million in AUM. We backed tech unicorns like LivePerson and Medidata, driving innovation and success in the Greater New York City Area that has led to our region being the second highest recipient of venture capital in the US and globally.
Board Member, Advisor
2010 - 2011
I led the Series A investment in Truveris in 2010 with New Atlantic Ventures and First Round Capital. Truveris materially reduces pharmaceutical costs at large self-insured companies by assessing the billing stream to reduce fraud and mis-billing.
Truveris is a technology company driving transparency, access and lower costs across the prescription drug ecosystem.
Raised $69,016,713.00 from Canaan Partners and New Leaf Venture Partners.
Managing Director
2006 - 2011
Co-chairman of the investment committee for the Greenhill SAVP Fund. Focused on making investment in the NY/NJ/CT region in technology enabled and business information services, in bite sizes of $100K to $6M.
Greenhill & Co is an investment bank providing financial advices.
Raised $20,000,000.00.
Board Member
2008 - 2011
I led the Series A round in 2008 with Zelkova Ventures. Mobile Commons is a mobile SaaS platform that enabled companies and nonprofits to communicate via mobile messaging, primarily SMS, at scale in a robust fashion.
Board Member
2002 - 2004
Co-led the Series B with Milestone Ventures in 2002. Medidata is a clinical trial SaaS for the pharma industry, streamlines the drug discover process materially with information technology saving months/years off that process.
Medidata offers SaaS-based clinical development solutions addressing the functioning of customers' clinical trials.
Raised $20,000,000.00 from TFS Trial Form Support.