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VentureSouth

North America, South Carolina, United States, Greenville

Description

VentureSouth is a prominent early-stage venture firm and the largest angel investment group in the Southeastern United States. Based in Greenville, South Carolina, with additional offices in Charlotte and Charleston, it operates a robust network of over 400 angel investors. The firm primarily focuses on investing in promising companies located within the Southeast, leveraging its extensive regional presence and deep understanding of the local entrepreneurial ecosystem.

The firm targets early-stage companies that are typically raising between $500,000 and $5 million in their funding rounds. VentureSouth seeks out businesses with strong management teams, significant addressable markets, and defensible technology or business models. A clear path to exit is also a crucial criterion for their investment decisions, indicating a focus on scalable ventures with potential for substantial returns.

VentureSouth's initial investment checks typically range from $250,000 to $1.5 million, reflecting their commitment to providing meaningful early capital. Since its inception in 2008, the firm has demonstrated significant activity, deploying over $75 million across more than 80 companies. This substantial investment has helped their portfolio companies collectively raise over $1.2 billion in subsequent follow-on capital, underscoring VentureSouth's role as a catalyst for growth in the regional startup landscape.

Investor Profile

VentureSouth has backed more than 155 startups, with 0 new investments in the last 12 months alone. The firm has led 26 rounds, about 17% of its total and boasts 13 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Convertible Note, Seed, Series A rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Biotechnology, Software, Health Care.
  • Typical check size: $250K – $1.5M.

Stage Focus

  • Convertible Note (29%)
  • Seed (27%)
  • Series A (25%)
  • Series B (6%)
  • Series Unknown (5%)
  • Series C (3%)
  • Debt Financing (1%)
  • Series F (1%)
  • Series E (1%)
  • Grant (1%)

Country Focus

  • United States (100%)

Industry Focus

  • Biotechnology
  • Software
  • Health Care
  • Medical
  • Health Diagnostics
  • Life Science
  • Saas
  • Internet
  • Manufacturing
  • Pharmaceutical
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does VentureSouth frequently co-invest with?

IDEA Fund Partners
North America, North Carolina, United States, Chapel Hill
Co-Investments: 6
WI
North America, North Carolina, United States, Raleigh
Co-Investments: 3
Palmetto Angel 2014 Fund
North America, South Carolina, United States, Greenville
Co-Investments: 4
AA
North America, North Carolina, United States, Asheville
Co-Investments: 8
Atlanta Technology Angels
North America, Georgia, United States, Atlanta
Co-Investments: 3
Bull City Venture Partners
North America, North Carolina, United States, Durham
Co-Investments: 3
Upstate Carolina Angel Network
North America, South Carolina, United States, Greenville
Co-Investments: 9
Harbright Ventures
North America, North Carolina, United States, Raleigh
Co-Investments: 3
MS
North America, Kentucky, United States, Louisville
Co-Investments: 3
Rex Health Ventures
North America, North Carolina, United States, Raleigh
Co-Investments: 3

Which angels does VentureSouth often collaborate with?

MW
North America, Virginia, United States, Herndon
Shared Deals: 1
DB
North America, Massachusetts, United States, Boston
Shared Deals: 1
AR
North America, South Carolina, United States
Shared Deals: 3
Daniel Roselli
North America, North Carolina, United States, Charlotte
Shared Deals: 1
AG
North America, North Carolina, United States, Chapel Hill
Shared Deals: 1
David Golan
Asia, Israel
Shared Deals: 1
Shared Deals: 1
RA
Europe, England, United Kingdom, London
Shared Deals: 1
RH
North America, Texas, United States, Houston
Shared Deals: 1
JS
North America, Texas, United States, Fort Worth
Shared Deals: 1

What are some of recent deals done by VentureSouth?

mPath Health

Winston Salem, North Carolina, United States

mPath Health is a cloud-based automation software platform that helps to improve preventive care.

Health CareSoftware
SeedMar 5, 2024
Amount Raised: $706,000
Yuva Biosciences

Birmingham, Alabama, United States

Yuva Biosciences uses mitochondrial science to develop cosmeceuticals and pharmaceuticals.

Biotechnology
SeedFeb 20, 2024
Amount Raised: $7,500,000
6AM City

Greenville, South Carolina, United States

6AM City is a media and technology company known for creating localized newsletters focused on providing community news and information.

Digital MediaLifestyleLocal AdvertisingMedia and Entertainment
Series AFeb 2, 2024
Amount Raised: $10,000,000
Gradient Health

Durham, North Carolina, United States

Gradient Health develops an open research platform that offers AI-based medical imaging diagnostics and infrastructure.

Artificial Intelligence (AI)Health CareMedicalWellness
SeedJun 20, 2023
Amount Raised: $2,750,000
APPROVE

Wilmington, North Carolina, United States

APPROVE is an internal, custom-branded lending programme that shows reasonable monthly payments at Every point of sale.

B2BFinanceFinancial ServicesFinTechSaaS
SeedJun 1, 2023
Amount Raised: $3,000,000
Emrgy

Atlanta, Georgia, United States

Emrgy designs and deploys modular, scalable hydroelectric solutions.

EnergyEnvironmental EngineeringHydroelectricRenewable Energy
Series AApr 11, 2023
Amount Raised: $18,400,000
Babylon Micro-Farms

Richmond, Virginia, United States

Babylon Micro-Farms offers on-demand indoor farming technology to make sustainable indoor farming accessible.

AgricultureAgTechHorticulture
Series AApr 3, 2023
Amount Raised: $8,000,000
Darby

Boston, Massachusetts, United States

Darby offers a platform that serves as a digital vending machine for medical equipment and diagnostics.

Health CareHealth DiagnosticsSoftware
Series UnknownMar 29, 2023
KIYATEC

Greenville, South Carolina, United States

KIYATEC utilizes the patient’s own living tumor cells to create functional 3D models to test a battery of cancer therapies.

BiotechnologyHealth DiagnosticsLife Science
Series CDec 12, 2022
Amount Raised: $18,000,000
Healthycell

Charleston, South Carolina, United States

Empowering wellness, performance, and healthspan with MICROGEL™ — nutrients you can absorb + an experience you'll love.

BiotechnologyFood and BeverageHealth CareWellness
AngelDec 1, 2022
Amount Raised: $2,000,000