VENTURESOUTH ANGEL Funds
VentureSouth offers a series of sidecar funds for investors who would like to efficiently diversify a portion of their early-stage portfolio across an index of VentureSouth investments. Learn more about our funds below.
SIDECAR FUNDS overview
Our sidecar funds are designed to co-invest with VentureSouth in 15-20 early-stage Southeastern companies. The funds are diversified across industries, typically including a mixture of software and information technology, life science & healthcare and capital efficient advanced manufacturing – which leverages the combined expertise of the angel investors in our groups.
When 10 or more VentureSouth members invest at least $100,000 in a company, the active sidecar fund typically matches the investment (up to125% of the investment made by VentureSouth members). The VentureSouth team provides additional diligence, auditing, valuation, investment execution, portfolio monitoring, and exit preparation expertise.
Investors in our funds received benefits including:
- Access to the best early-stage companies from across the region
- Due diligence insights that benefit from the experience of over 400 angel investors and business leaders
- Automatic diversification into a portfolio of angel investments – the most prudent way to invest in early stage companies
- Professional management through a dedicated fund structure
- Automatic pass-through of SC angel investor tax credit for eligible investments
VentureSouth Angel Funds
VentureSouth Angel Fund I
Formed in 2014, our first sidecar fund – the $1.7 million VentureSouth Angel Fund (previously called the Palmetto Angel 2014 Fund) – invested alongside VentureSouth in 18 companies (in 23 rounds of investment) from 2014-2016.
VentureSouth Angel Fund III
VentureSouth Angel Fund III is the successor fund to the VentureSouth Angel Fund II. The $5 million fund co-invested with VentureSouth in 19 companies (in 20 investment rounds) from 2019-2020.
VentureSouth Angel Fund II
VentureSouth Angel Fund II is the successor fund to the Palmetto Angel Fund. The $3.1 million fund co-invested with VentureSouth members in 22 companies (in 27 investment rounds) from 2016-2018.
VentureSouth Angel Fund IV
VentureSouth Angel Fund IV is our fourth sidecar fund and is actively investing alongside VentureSouth members. The $5 million fund was raised in 2020 and 2021, and fully invested in 20 companies by the end of 2021.