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The Venture Codex

AlleyCorp

40 W 20th St, New York, NY, 10011, US

Overview

Founded by serial entrepreneur Kevin Ryan, AlleyCorp is both a startup studio and fund that founds companies and invests in early stage companies. AlleyCorp is exclusively focused on investing in transformational companies in New York City. Since its inception, we have launched companies that have raised over $1B+ in funding with an aggregate value of $10B+. As a venture / idea studio, AlleyCorp originates the idea, forms the founding team, funds the initial 6-12 months, launches the company, and maintains integral leadership throughout the company's lifecycle. Some companies that have been founded through AlleyCorp include MongoDB, Business Insider, Gilt Groupe, Zola, Nomad Health, Workframe, and CoEdition. AlleyCorp will also invest in very early stage companies usually as the first seed investor. Moreover, we believes in supporting first time founders. Our goal is to co-create and invest in truly transformational companies with inspiring leaders.

Total investments
116
Lead investments
37
Investments · 12mo
20
Active investors
13

Sector focus

  • Finance
  • Financial Services
  • Incubators
  • Venture Capital
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Investment portfolio

  • Avatar Robotics

    Led · Seed · Aug 2026

    Avatar Robotics builds humanoid robots integrated with a global fleet of remote operators and AI autonomy to perform industrial tasks such as picking, packing, kitting, sorting, cycle counting, and material movement. Since launching in December 2025, its robots have processed over 900,000 products and the company has entered a post-pilot expansion with a multi-billion-dollar warehouse operator. Avatar emphasizes a human-in-the-loop approach that delivers plug-and-play labor capacity immediately while collecting data to improve autonomy over time. The company plans to scale robot fleets, accelerate autonomy software, and grow engineering and operations teams to support broader deployments. Avatar envisions scaling to millions of robots across warehouses, factories, mines, farms, and other infrastructure, and is headquartered in San Francisco.

  • Pearl Health

    Participated · Equity · Jul 2026

    Pearl Health builds an AI-driven platform that identifies at-risk Medicare patients, predicts risk, orchestrates workflows, and automates administrative actions to improve outcomes and lower total cost of care. The company emphasizes Performance Intelligence and is developing Care Orchestration AI agents to automate tasks like annual wellness visit scheduling, post-discharge follow-ups, and care management outreach. Pearl supports over 10,000 providers across more than 40 states and cares for over 250,000 Medicare beneficiaries, managing about $3.6 billion in annualized medical spend. Founded in 2020, Pearl reached profitability in 2025 and is projecting significant growth, including tripling its patient base from 2024 through the end of 2026 and delivering $500 million in projected gross savings. The company plans to use the new equity and debt capital to expand its AI platform, deepen enterprise and payer partnerships, enter Medicare Advantage, and launch new risk offerings.

  • Queue

    Led · Seed · Jun 2026

    Queue has developed a fully autonomous robotic pharmacy system that takes sealed wholesale pill bottles in one end and produces filled, verified prescription vials out the other. The platform currently supports 250 of the most prescribed medications in the United States and the company says it can deliver medications at up to 96% lower cost than traditional pharmacy operations. Queue has deployed a working prototype and has secured a major national pharmacy chain as a customer, providing early commercial validation. The company was co-founded by CEO Nick Desai and CTO Josh Liu; Desai previously founded Heal and Liu’s experience includes roles at Tesla and Zipline. Queue currently has a team of 20 engineers in Silicon Valley and is actively hiring across robotics, hardware, software and pharmacy operations. The company is positioning its autonomous fulfillment system for deployment across retail locations, hospitals, rural communities and other care settings facing pharmacy access and labor challenges.

  • Vanna Health

    Led · Equity · Jun 2026

    Vanna Health delivers an integrated, technology-enabled care model that combines evidence-based clinical services, community integration, and proprietary technology to support people living with serious mental illness. The company partners with health insurance companies and community organizations to provide coordinated, person-centered care addressing social, behavioral, and medical drivers of outcomes. Vanna currently operates in four states and emphasizes in-home and community-based engagement to support recovery and stability. The company plans to expand into new markets, grow clinical and operational teams, and further develop its technology platform. Financially, Vanna recently raised $17 million in a round led by a national insurer and AlleyCorp with participation from Health Velocity Capital to fund these expansions and technology investments.

  • HaloBraid

    Participated · Seed · Jun 2026

    HaloBraid develops a robotic braiding assistant that allows a stylist to start a braid and hand off the remainder of the process to the device, which can finish braids in seconds. The company’s first product is designed to be gentle on textured hair and to handle styles such as knotless and box braids, with a planned launch later this year. HaloBraid was founded by Yinka Ogunbiyi and has a team of about 15 people; it raised a $7M seed round led by Seven Seven Six. In customer research of 2,000 people the company found 95% said they would get braided more often if it took less time, and it estimates people spend roughly 8 billion hours braiding hair each year. The startup faces few direct competitors in the automated-braider space (notably Braidiant) and is already considering additional devices such as a tool to undo braids.

Team