Investor profile

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VentureSouth

Angel syndicate

Southeast United StatesSouth CarolinaNorth CarolinaGeorgiaTennesseeVirginiaFloridaB2B SaaSAI/MLFintechHealthtechClimateDeep TechBio/PharmaConsumerEnterpriseOther

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Investment thesis

VentureSouth is an early-stage venture firm that develops and manages angel investment groups and funds throughout the Southeastern United States. Founded in 2008 via the Upstate Carolina Angel Network, it has grown to over 550 member investors across markets in SC, NC, GA, TN, VA, and FL — making it one of the largest angel investment organizations in North America, with over $100M deployed into 130+ companies. VentureSouth is industry-agnostic but focuses on scalable, capital-efficient companies with strong signals of product-market fit and defensible moats, usually driven by technology. It invests $250,000–$1,000,000 in companies seeking $250K–$2M for a 15–30% preferred equity stake, targeting initial-revenue-stage businesses based in the Southeast. The firm invests 100% of its capital locally, believing the Southeast offers attractive tailwinds, and actively supports portfolio companies through board seats, sales leads, and talent introductions.

Notable quotes

While signs are pointing to its improvement, 2024 has been a challenging year for companies raising capital in our region. Thus, we are proud to have devoted support and funding to our portfolio companies to help them continue to thrive.

Paul Clark · VentureSouth News & Insights — 1H 2024 Investment Announcement · 2024-08-07

We have enjoyed working with CEO Greg Frisby and the Sensory Analytics team since our early investments in the company. We congratulate them on a successful outcome for their team and investors, and we look forward to their accelerating impact on the market as part of Industrial Physics.

Matt Dunbar · VentureSouth Exit Announcement — Sensory Analytics · 2024-08-23

We are actively involved in our companies, mostly by trying to help them, but sometimes serving on their boards of directors, giving them sales leads, finding staff for them.

Paul Clark · Upstate Business Journal — VentureSouth Profile · 2024-10-10

Team

Matt Dunbar

Co-Founder & Managing Director

B2B SaaSHealthtechDeep TechBio/Pharma

Paul Clark

Co-Founder & Managing Director

FintechHealthtechEnterpriseOther

Charlie Banks

Co-Founder & Managing Director

Jewel Walker

Pipeline and Diligence Lead

Caroline Efird

Controller

Recent investments

CompanyRoundSizeDate
hevaSeed$3m2025-04-01
Solis AgrosciencesSeries A$500k2025-02-01
mPath HealthSeed$710k2024-03-01
DownpaymentsSeed$1m2024-01-01
Trio LabsSeries A$6m2024-01-01
Case StatusSeries A2024-10-01
6AM CitySeed
Altis BiosystemsSeed
SprocketsSeed
AmplifiedAgSeed

Frequent co-investors

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