VentureSouth continues to invest at a record pace in early stage companies. This year the firm has already invested $2.6 million in 13 companies across the Southeast. The group has added four new portfolio companies ProAxion, ProctorFree, TiO Home, and UVision, as well as additional growth capital to their existing portfolio companies Atlas Organics, KIYATEC, PharmRight, and Proterra. The $2.6 million invested this year is 30% more than in the same period last year.
VentureSouth has also expanded in 2017 with the launch of VentureSouth Piedmont (Greensboro and Winston-Salem, NC), increased membership across its local angel investment groups, and added additional investors to its investment fund VentureSouth Angel Fund II. The fund, which is the network’s second co-investment fund, matches investments made by its active members and has participated in all new investments in 2017, bringing the fund’s portfolio to 11 companies.
Paul Clark, Managing Director of VentureSouth commented, ”VentureSouth continues to grow as more communities and more members see the value of a professionally-managed angel investment platform that combines the collective brainpower of over 250 business and community leaders, the unrivalled experience of a dedicated team, and a proven model for making high quality early stage investments.”
Justin Rothwell, CEO of ProAxion, added, “We are excited and honored to be a new portfolio company of VentureSouth. In addition to providing the capital needed to bring ProAxion to the next stage, their members are providing us excellent opportunities to scale faster through their relevant experience and connections. The VentureSouth due-diligence process was rigorous, yet efficient, and the management team brought a high degree of professionalism and sophistication to our deal. We look forward to a great relationship with VentureSouth.”
VentureSouth also offers comprehensive educational activities for entrepreneurs and investors. Seminars this fall include Angel Investing 101 in Aiken on September 20, Understanding Capitalization Tables in Charleston on October 5, and a suite of educational opportunities throughout the Upstate of SC. Information and registration links can be found on VentureSouth’s website, www.venturesouth.vc.
VentureSouth is a network of 13 affiliated angel groups and funds comprised of over 250 investors who invest in early stage companies. Since the launch of its first group in 2008, the Upstate Carolina Angel Network in Greenville, VentureSouth has invested more than $22 million in 56 companies. To learn more about VentureSouth and its investments, activities and educational opportunities, please visit venturesouth.vc