Upstate Carolina Angel Network

Upstate Carolina Angel Network

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.

Headquarters Location

United States, Greenville

About

Upstate Carolina Angel Network was established in 2008, and is a well known VC. The VC's location is in North America, United States. The the headquarters of this VC is in Greenville.

The fund usually invests in rounds together with 5-6 others. Aside from Upstate Carolina Angel Network, start-ups are often funded by South Carolina Research Authority, Kleiner Perkins, General Motors Ventures and 20 other funds. Other VCs who often invest in the same rounds are Kleiner Perkins, General Motors Ventures, South Carolina Research Authority, the total number of co-investors is 19. In subsequent rounds, the fund is usually supported by General Motors Ventures, Tao Capital Partners, Kleiner Perkins, out of 5 investors from our database.

The fund was established by J.B. Holeman, Tim Reed. Besides the listed founders, we have found 1 key employee of this fund in our database.

We recorded the biggest number of exits for this fund in 2019. When Upstate Carolina Angel Network invests, the average start-up valuation is 100-500 millions dollars. Upstate Carolina Angel Network is involved in 7 percentage points less than the average amount of lead investments when compared with other funds. The fund typically enters into 2-6 deals annually. The most common rounds for this fund are in the range of 5 - 10 millions dollars. In real terms, this VC performs 14 percentage points less exits than other funds. The fund's activity peaked in 2014.

The average start-up age at the time of investment by this fund is 2-3. The country of its establishment and the country of its most frequent investments coincides - United States. Baebies, Verdeeco, Seurat Technologies are among the most popular portfolio start-ups of the fund. Among their most successful investment fields, we have identified Analytics, Medical Device. Also, because of its portfolio diversification tendency, we can highlight 11 more industries for this fund. The fund has an exact preference in the amount of founders of companies in its portfolio. If the applying start-up has 4 or 5+ founders, it is very unlikely that funding will be awarded.

Year Founded

2008

Fund Activity

Not operative

Mail Rule [rules by which you can get an email of an interesting for you fund employee, knowing only the name and surname of this employee]

Domain name: dallasangelnetwork.com; User name format in descending order of probability: first

Group Appearance [how often fund is operating separately from groups with shared interest]

100.0% of cases

Investments per Year [average amount of rounds in which fund participates each year]

1-3

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

10.0% of cases

Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]

x10

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

0.3 years

Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]

0.2 out of 1

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