VentureSouth exists to encourage collaboration between angel investors across our state. Our goal is to fund fully our best early stage companies - so they can spend less time fundraising and more time building great businesses.
As the UBJ and others around the state reported we are realizing our goal. The investment in ActivEd is the first time that almost all of the angel groups affiliated with SCAN have invested together in supporting a South Carolina-based company. Over 60 investors, from Asheville to Charleston, joined the UCAN-led angel round.
This is not only the first truly state-wide "syndication" by SCAN groups. It is also the first investment from Spartanburg Angels, as the Herald-Journal covered this weekend. Congratulations!
Sharing the best investment opportunities, due diligence, and industry expertise across the state; pooling capital to diversify risk; and helping communities form their own angel groups. This is what SCAN is for and we are proud to be executing on our plan.