VentureSouth, the South Carolina-based angel investment firm, invested $4.5 million in 20 Southeastern startups and closed its second co-investment fund with more than $3 million in committed capital in 2017, marking the fourth consecutive year for record investments.
“2017 was another pivotal, record-breaking year for VentureSouth as we continued to expand our investor base across the Southeast,” VentureSouth managing director Paul Clark said in a news release. “We are thrilled to add new companies to the portfolio and are excited about the progress many of our portfolio companies made over the last year. They are addressing significant problems across a myriad of industries and gaining national recognition for their innovative solutions.”
VentureSouth’s network of angel investment groups expanded in 2017 to include VentureSouth Piedmont in Winston-Salem and Greensboro, N.C. VentureSouth now includes more than 250 individual angel investors, the release said.
VentureSouth’s investor networks include Electric City Angels, Spartanburg Angels, Tiger Angel Network and Upstate Carolina Angel Network in the Upstate; Capital Angels in the Midlands; and VentureSouth Charleston in the Lowcountry.