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Redhawk VC (Redhawk Advisory, LLC)

Micro-fund

USB2B SaaSHealthtechFintechAI/MLEnterpriseConsumer

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Investment thesis

Redhawk VC believes the future of entrepreneurship, innovation, and investing lies in underserved markets outside the traditional hubs of Silicon Valley, Boston, and New York. Their mission is to 'aggressively seek the opportunities the large coastal funds ignore,' focusing on Alabama-based or Alabama-relocating high-growth technology startups through the $25 million Alabama Futures Fund. The firm evaluates investments across five core areas: strong founding teams with high EQ and IQ; disciplined market and customer validation; a data-driven approach using KPIs and OKRs; capital efficiency; and location in underserved startup ecosystems. AFF serves as lead investor in all portfolio companies and reserves significant capital for follow-on funding, bridging the gap between early friends-and-family capital and a Series A.

Notable quotes

The AFF investment thesis revolves around funding Alabama-based, high-growth technology startups or recruiting high-growth technology startups to Alabama. Stroma represents a truly strategic investment that leverages Alabama's advanced manufacturing industries and skilled workforce with Stroma's cutting-edge technology that will not only prevent injuries but will also create a significant economic benefit to its customers.

Matt Hottle · Alabama Futures Fund News — Stroma investment announcement · 2022-07-29

We are thrilled to add SynsorMed to the Alabama Futures Fund portfolio. Theo and Amin bring a wealth of experience in the healthcare IT space and both demonstrate the kind of hard work and commitment we look for in great founding teams.

Mickey Millsap · Alabama Futures Fund News — SynsorMed investment announcement · 2020-01-22

Not only does IQID present an excellent investment for our region and Fund, IQID also has the potential to have a positive impact on our society by helping to create a more consistent admissions process for all students. We continue to be so impressed by the passion and commitment of the IQID team and are confident they will become leaders in our growing ecosystem.

Mickey Millsap · Alabama Futures Fund News — IQID Technology investment announcement · 2023-10-01

Team

Mickey Millsap

Partner

HealthtechB2B SaaSFintechAI/ML

Matt Hottle

Partner

B2B SaaSEnterpriseDeep TechConsumer

Recent investments

CompanyRoundSizeDate
IQID TechnologySeed2023-10-12
CModel DataSeed2023-10-12
StromaSeed$930k2022-07-29
datacySeed2021-05-26
True Load TimeSeed2020-07-01
SynsorMedSeed2020-01-22
LinqSeed2020-01-08
Case StatusSeed2019-01-01
TeamingProSeed2019-09-05
Joonko DiversitySeed2019-01-01

Frequent co-investors

VC firmDeals together
Alabama Futures Fund20
Sente Ventures2
mHUB1
Avnet1
Trend Forward Capital Management1
Bonfire Ventures1

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