VentureSouth

Founded 2014
Founders Charlie Banks Matt Dunbar Paul Clark

Overview

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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.
Total investments 122
Average round size
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The average size of a deal this fund participated in
$4M
Portfolio companies 59
Rounds per year 17.43
Lead investments 13
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.51
Exits 9
Key employees 3
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Biotechnology
  • Health Care
  • Software
  • Medical
  • Life Science
Summary

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.

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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

Babylon

Agriculture
AgTech
Software
1
$3M07 Mar 2021 Richmond United States Virginia

Sprockets

Artificial Intelligence
SaaS
Software
1
$3M11 Jan 2021 South Carolina United States

6AM City

Content
Digital Media
Lifestyle
Local
Local Advertising
Loyalty Programs
Media and Entertainment
News
Subscription Service
1
$1M01 Sep 2020 Greenville South Carolina United States

Altis Biosystems

Biotechnology
Health Care
Life Science
1
$3M27 Jul 2020 Durham North Carolina United States

MemberHub

Communities
EdTech
Funding Platform
Meeting Software
Mobile Apps
Mobile Payments
Parenting
Payments
SaaS
Software
1
$3M08 May 2020 North Carolina Raleigh United States

Reveal Mobile

Analytics
Apps
Marketing
Mobile
Software
1
$2M28 Apr 2020 North Carolina Raleigh United States

Altis Biosystems

Biotechnology
Health Care
Life Science
1
31 Dec 2019 Durham North Carolina United States

Friyay.io

Communities
Internet
Software
1
27 Dec 2019 Greenville South Carolina United States

Friyay.io

Communities
Internet
Software
1
14 Oct 2019 Greenville South Carolina United States
News
Pass It Down Raises Nearly $2M in Funding

– 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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