A new venture capital fund hopes to tap into Tulane University's nationwide brand and active alumni network across the country to find both investors and startup companies worthy of a cash infusion.

New Orleans-based 1834 Ventures on Monday announced the launch of its inaugural $20 million startup fund and its first two investments.

Co-managing partners Patrick Hernandez and Evan Nicoll said they plan to leverage the alumni network of Nicoll's alma mater, Tulane, to invest in and grow scalable ventures while encouraging them to bring their business to Louisiana.

“Tulane graduates and entrepreneurs who have participated in Tulane programming have received a top-tier education," said Hernandez. "We consider that a competitive advantage. Plus, we know that Tulane grads around the countr

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