VentureSouth and Vicinity are pleased to announce a powerful new joint venture to create the premier platform for local alternative investing – Vicinity Ventures.
Vicinity Ventures combines the strengths of VentureSouth and Vicinity Capital. VentureSouth provides accredited investors access to professionally curated opportunities in the most innovative early-stage technology companies in the Southeast. Vicinity’s industry leading public funding portal is a highly selective platform for engaging local investors in a wide variety of unique investment opportunities. The combined platform will provide a single source for investors to identify, evaluate, invest in, and track a broad array of alternative investments in early stage companies, small-cap private equity deals, and creative real estate projects.
The joint venture combines the strength of two experienced investment teams and their investor bases, along with a robust roadmap for advancing the technology to support investors and issuers in the private capital marketplace. VentureSouth will retain its brand as a premium, exclusive offering for accredited investors on the platform, while Vicinity will leverage the VentureSouth footprint in the Southeast to broaden its local offerings to both experienced and aspiring investors across the region.
VentureSouth Managing Director Matt Dunbar, commented: “With the support of our investor members, we are proud to have spent the last decade building VentureSouth into one of the nation’s leading early-stage investment firms. We are thrilled to now partner with Vicinity to add more value for our investors through a world-class technology platform and access to a broader range of investment classes in private equity, real estate, and other unique investments, while also opening new access to capital for issuers of many types across our region.”
Vicinity Managing Director Josh Rollins, commented: “Vicinity Capital has created a unique locally-focused investment portal over the last five years. We are excited about combining our technology and deals with the investing experience and collective brainpower of the VentureSouth network.”
Over the last fifteen years, VentureSouth has grown to more than 500 active investors, and its members have invested nearly $100 million into 116 startups in the Southeast. Since its founding in 2019, Vicinity has gained more than 2,400 users, with 1,200 investors backing 20 projects with nearly $20 million. The combined platform will allow anyone in the southeast to Make Money, Have Fun, and Do Good, while supporting thriving local economies. To learn more, visit www.vicinityventures.vc.