Purple Arch Ventures is a U.S. alumni-community-based venture capital vehicle structured as a community-pooled fund-of-investors affiliated with Northwestern University (the university's school colour is purple and its athletic symbol includes the ''Purple Arch''), consisting of Northwestern alumni investors, executives, entrepreneurs, and innovation enthusiasts who pool capital collectively through a venture-capital fund structure to invest in Northwestern-alumni-connected startups and Chicago-and-Midwest-region early-stage technology companies. The firm operates as part of a broader alumni-VC network concept (similar to Stanford's StartX, MIT's The Engine, Duke's Duke Angel Network) that blends community-based deal sourcing with institutional-fund-style discipline, typically investing at pre-seed and seed stage with modest initial check sizes and follow-on reserves. Detailed information including total fund size, specific portfolio-company disclosures, and full partner roster is not comprehensively documented in mainstream financial-industry databases for this specific URL, consistent with the alumni-fund boutique character.