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

 

Strategy

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. 

Match

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.

    Benefits

    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 300 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 $1.7M 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 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.