Loading organizations...
Key people at CAV Angels.
CAV Angels was founded in 2015 by James Cheng (Co-Founder and Board Member) and Jerry Peng (Co-Founder and a Board Member) and Bryan Simms (Chairman, Founder's Council).
CAV Angels operates as an angel investment network dedicated to catalyzing engagement within the University of Virginia's entrepreneurial ecosystem. The organization mobilizes capital for promising early-stage companies, primarily focusing on Seed and Series A rounds within the technology and healthcare sectors. It provides accredited investors with curated deal flow, educational programming, and opportunities for hands-on student engagement, supporting startups with a strong UVA affiliation.
Founded in 2015, CAV Angels emerged from the insight that a dedicated platform was needed to connect the expansive network of UVA alumni with nascent entrepreneurial ventures. Darden alumnus Jim Cheng (MBA '87) is recognized as one of its founders, leveraging his pedigree to help establish a structured pathway for alumni to invest in and support the university's startup community. This initiative aimed to bridge the gap between alumni capital and early-stage innovation.
The organization serves two primary groups: accredited UVA alumni investors seeking to deploy capital into high-potential startups and early-stage companies with a UVA connection requiring funding. CAV Angels' long-term vision is to continuously strengthen the UVA entrepreneurial ecosystem by educating investors, fostering connections, and consistently channeling investment into ventures poised for significant impact and growth, thus extending the university's influence in the startup world.
CAV Angels was founded in 2015 by James Cheng (Co-Founder and Board Member) and Jerry Peng (Co-Founder and a Board Member) and Bryan Simms (Chairman, Founder's Council).
Key people at CAV Angels.
CAV Angels has 6 tracked investments across 6 companies. The latest tracked deal is $11.0M Pre-Seed in Hardshell in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 15, 2026 | Hardshell | $11.0M Pre-Seed | — | Black Prism Capital Partners, BLU Ventures, Front Porch Ventures, Mojo Ventures, NOT YET Ventures, VTC Ventures |
| Jun 15, 2023 | Luminoah | $6.0M Series A | Fry's Path Capital | 757 Angels, Alex Euler, Sands Capital |
| Apr 25, 2023 | Springbok Analytics | $3.0M Seed | Patrick Eilers | Matt Gray, Emma Weatherley, TitletownTech |
| Sep 1, 2022 | CarpeDM | $1.0M Seed | Elevate Capital | Backstage Capital, Center For Innovative Technology, Conscious Venture Partners, Forefront Capital, Gaingels, Overlooked Ventures, Pipeline Angels |
| Jul 24, 2022 | Astraea | $6.5M Series A | Peter Davidson, Carbon Drawdown Collective | Tydall Investment Partners, Robert Creeden |
| Aug 1, 2020 | Mito Material Solutions | $1.0M Seed | Evergreen Climate Innovations, Rafiq Ahmed | Cortado Ventures, Elevate Ventures, HG Ventures, BEN Pidgeon |