VentureSouth invests $9.2M in 26 early-stage startups in the Southeast
Summary
Over 60% of the funding went to support existing VentureSouth portfolio companies as they navigated substantial threats to their businesses in some cases, and as they quickly maneuvered to capture new opportunities in others. “Like a lot of early-stage investors, we essentially stopped looking at new opportunities in the second quarter of last year as we tried to triage the existing portfolio and figure out how to make sure those companies could survive,” VentureSouth’s co-founder and managing director Matt Dunbar told Hypepotamus. Other highlights from the year included a portfolio exit from Knoxville-based Vendor Registry and the launch of new angel groups in Fayetteville, NC and with affiliate partners Furman University and the Sullivan Foundation. “But now that we can do that virtually, are working to understand the opportunities in that market better.” VentureSouth is one of the largest early-stage investment groups in the Southeast, with more than 300 private investors in 13 local chapters across the Carolinas. Click here to sign up for the Hypepotamus newsletter, and you’ll get two weekly emails covering the tech startup community in the Southeast, with all the latest jobs, news, events, and announcements.
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