In 2014 was created VentureSouth, which is appeared as VC. The main office of represented VC is situated in the Greenville. The fund was located in North America if to be more exact in United States.
The typical case for the fund is to invest in rounds with 1-2 participants. Despite the VentureSouth, startups are often financed by South Carolina Research Authority, Windspeed Ventures, Sunbridge Partners. The meaningful sponsors for the fund in investment in the same round are Palmetto Angel 2014 Fund, Wolfpack Investor Network, Tao Capital Partners. In the next rounds fund is usually obtained by South Carolina Research Authority, General Motors Ventures, Tao Capital Partners.
For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. We can highlight the next thriving fund investment areas, such as Medical, Manufacturing. Besides, a startup needs to be aged 4-5 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Baebies, Verdeeco, Seurat Technologies. The fund has exact preference in a number of founders of portfolio startups. If startup sums 4 or 5+ of the founder, the chance for it to be financed is low.
The fund was created by Charlie Banks, Matt Dunbar, Paul Clark, Paul Clark. We also calculated 3 valuable employees in our database.
The usual things for fund are deals in the range of 1 - 5 millions dollars. The typical startup value when the investment from VentureSouth is 100-500 millions dollars. The important activity for fund was in 2018. Despite it in 2019 the fund had an activity. The top amount of exits for fund were in 2018. The fund is constantly included in 7-12 deals per year. Speaking about the real fund results, this VC is 0 percentage points less often commits exit comparing to other organizations. This VentureSouth works on 21 percentage points less the average amount of lead investments comparing to the other organizations.
Notable deals
Company | Industry | Round Size | Date | Investors | Location |
DHN Solutions | $706K | 05 Mar 2024 | Winston Salem, North Carolina, United States | ||
Yuva Biosciences | $7M | 20 Feb 2024 | Birmingham, Alabama, United States | ||
6AM City | $10M | 02 Feb 2024 | Greenville, South Carolina, United States | ||
Gradient Health, Inc | $2M | 20 Jun 2023 | Durham, North Carolina, United States | ||
APPROVE | $3M | 01 Jun 2023 | Wilmington, North Carolina, United States | ||
Emrgy | $18M | 11 Apr 2023 | Atlanta, Georgia, United States | ||
Babylon | $8M | 03 Apr 2023 | Richmond, Virginia, United States | ||
KIYATEC | $18M | 12 Dec 2022 | Greenville, South Carolina, United States | ||
Healthycell | $2M | 01 Dec 2022 | Charleston, South Carolina, United States |
– Pass It Down is a digital storytelling company based in Baton Rouge.
– Company raised nearly $2m in funding.
– The round was led by VentureSouth, with participation from Cultivation Capital, Techstars, Red Stick Angels and Acadian Capital Ventures.
– The new investment will be used to create and launch Iconic Moments, an NFT marketplace exclusively for the world’s museums and cultural institutions, in the fourth quarter of 2021.
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Latest deals
Company | Industry | Round Size | Date | Investors | Location |
DHN Solutions | $706K | 05 Mar 2024 | Winston Salem, North Carolina, United States | ||
Yuva Biosciences | $7M | 20 Feb 2024 | Birmingham, Alabama, United States | ||
6AM City | $10M | 02 Feb 2024 | Greenville, South Carolina, United States | ||
Gradient Health, Inc | $2M | 20 Jun 2023 | Durham, North Carolina, United States | ||
APPROVE | $3M | 01 Jun 2023 | Wilmington, North Carolina, United States | ||
Emrgy | $18M | 11 Apr 2023 | Atlanta, Georgia, United States | ||
Babylon | $8M | 03 Apr 2023 | Richmond, Virginia, United States | ||
KIYATEC | $18M | 12 Dec 2022 | Greenville, South Carolina, United States | ||
Healthycell | $2M | 01 Dec 2022 | Charleston, South Carolina, United States |