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Upstate Carolina Angel Network

Founders J.B. Holeman Tim Reed

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 30
Average round size
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The average size of a deal this fund participated in
$7M
Portfolio companies 21
Rounds per year 2.14
Lead investments 2
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.23
Exits 9
Key employees 1
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Manufacturing
  • Software
  • Renewable Energy
  • Public Transportation
  • Automotive
Summary

In 2008 was created Upstate Carolina Angel Network, which is appeared as VC. The venture was found in North America in United States. The leading representative office of defined VC is situated in the Greenville.

The standard case for the fund is to invest in rounds with 5-6 partakers. Despite the Upstate Carolina Angel Network, startups are often financed by South Carolina Research Authority, Kleiner Perkins, General Motors Ventures. The meaningful sponsors for the fund in investment in the same round are Kleiner Perkins, General Motors Ventures, South Carolina Research Authority. In the next rounds fund is usually obtained by General Motors Ventures, Tao Capital Partners, Kleiner Perkins.

The fund is constantly included in 2-6 deals per year. Considering the real fund results, this VC is 14 percentage points less often commits exit comparing to other organizations. The common things for fund are deals in the range of 5 - 10 millions dollars. The high activity for fund was in 2014. Opposing the other organizations, this Upstate Carolina Angel Network works on 7 percentage points less the average amount of lead investments. The increased amount of exits for fund were in 2019. When the investment is from Upstate Carolina Angel Network the average startup value is 100-500 millions dollars.

The current fund was established by J.B. Holeman, Tim Reed. Besides them, we counted 1 critical employee of this fund in our database.

For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Among the most successful fund investment fields, there are Analytics, Medical Device. The fund has exact preference in some founders of portfolio startups. If startup sums 4 or 5+ of the founder, the chance for it to be financed is low. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Baebies, Verdeeco, Seurat Technologies.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Friyay.io

Communities
Internet
Software
14 Oct 2019 Greenville, South Carolina, United States

MapAnything

CRM
Data Visualization
Location Based Services
Software
$42M17 Nov 2017 Charlotte, North Carolina, United States

KWIPPED

B2B
Internet
Leasing
Marketplace
Rental
$900K05 Jan 2017 Wilmington, North Carolina, United States

Atlas Organics

Environmental Services (B2B)
Organic Food
Recycling
Sustainability
Waste Management
$527K22 Nov 2015 Spartanburg, South Carolina, United States

Baebies

Hospital
Medical
Medical Device
$13M17 Jun 2015 Durham, North Carolina, United States

ActivEd

Education
Online Portals
$1M11 May 2015 Greenville, South Carolina, United States

The Iron Yard - Crunchbase School Profile & Alumni

Developer Tools
Education
Web Design
Web Development
05 Feb 2014 Greenville, South Carolina, United States

Iron Yard Ventures

EdTech
Health Care
Hospitality
Software
$750K24 Jan 2014 Greenville, South Carolina, United States

Proterra

Automotive
Battery
Energy Storage
Manufacturing
Public Transportation
Renewable Energy
$34M08 Jan 2014 California, United States

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Total investments 30
Average round size 7M
Rounds per year 2.14
Peak activity year 2014
Lead investments 2
Follow on index 0.23
Exits 9
Group Appearance index 0.90

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Friyay.io

Communities
Internet
Software
14 Oct 2019 Greenville, South Carolina, United States

MapAnything

CRM
Data Visualization
Location Based Services
Software
$42M17 Nov 2017 Charlotte, North Carolina, United States

KWIPPED

B2B
Internet
Leasing
Marketplace
Rental
$900K05 Jan 2017 Wilmington, North Carolina, United States

Atlas Organics

Environmental Services (B2B)
Organic Food
Recycling
Sustainability
Waste Management
$527K22 Nov 2015 Spartanburg, South Carolina, United States

Baebies

Hospital
Medical
Medical Device
$13M17 Jun 2015 Durham, North Carolina, United States

ActivEd

Education
Online Portals
$1M11 May 2015 Greenville, South Carolina, United States

The Iron Yard - Crunchbase School Profile & Alumni

Developer Tools
Education
Web Design
Web Development
05 Feb 2014 Greenville, South Carolina, United States

Iron Yard Ventures

EdTech
Health Care
Hospitality
Software
$750K24 Jan 2014 Greenville, South Carolina, United States

Proterra

Automotive
Battery
Energy Storage
Manufacturing
Public Transportation
Renewable Energy
$34M08 Jan 2014 California, United States
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