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VC & Angel Groups

Ready to take your startup to the next level and start pitching investors? Look into these options:

Alumshares

Alumshares is a platform that enables university alumni to invest in spinout companies from their alma mater. The Raleigh-based startup recently led a $1.6 million Series A funding round for Lindy Biosciences, a biotech company that started with technology licensed from Duke University. They’ve also partnered with NC State’s Wolfpack Investor Network for investments. More TechWire coverage here.

Bull City Venture Partners

A Durham fund that primarily invests in seed and early-stage software and internet startups. BCVP has a reputation for its early leads in some of the region’s most fastest-growing startups, like Zift Solutions and Spiffy. More coverage here.

Cofounders Capital

A Cary-based seed fund managed by local serial entrepreneur David Gardner. The group is made up of more than 70 advisors and mentors who are dedicated to funding promising startups, as well as supporting them with prototyping, vetting and discovering beta customers.

Colopy Ventures

Durham-based Colopy Ventures is a seed-stage investor that primarily focuses on startups who are building SaaS and cloud platforms. The firm is led by local entrepreneur Joe Colopy, former founder and CEO of Bronto Software (acquired by NetSuite and later Oracle).

Hatteras Venture Partners

A local venture capital firm that typically invests in biopharma, diagnostics, healthcare IT and medtech startups based in North Carolina and throughout the Southeast. Many portfolio companies are affiliated with universities or research institutions.

Idea Fund Partners

A VC firm that focuses on seed and early-stage companies in North Carolina and throughout the Southeast, providing early investments from $100,000 to $750,000 per round. The firm will often revisit its portfolio startups as they develop, for even more investments in future rounds. Last year, Idea Fund was named North Carolina’s most active venture fund by CB Insights.

Inception Micro Angel Fund RTP

A collective of new and successful investors in the Research Triangle Park region from a diversity of disciplines. The fund supports seed-stage ventures primarily in the Triangle (but sometimes outside the region) with high growth potential.

Pappas Capital

Pappas Capital, now running for 25+ years, is a Durham-based VC firm that invests exclusively in the life sciences sector. Its portfolio companies span areas of biotech, biopharmaceuticals, drug delivery and medical devices.

RTP Capital

A local seed and early-stage angel network that primarily supports tech-focused startups in North Carolina. Investments typically range from $100,000 to $500,000, and the group considers follow-on deals with startups that receive other investments from its members. The firm was recognized on The Angel Resource Institute’s list of the top 10 most active angel groups in 2016.

SJF Ventures

SJF Ventures is an impact investing VC firm headquartered in Durham.

Social Venture Circle

Social Venture Circle is a Durham-based early-stage impact investing network that funds startups exploring ways to improve the environment, education and health.

Solidarity Capital Group

Cary investment firm Solidarity Capital Group funds seed, early-stage or growth-stage startups who are building solutions to social and environmental problems. The firm typically invests around $50,000 to $250,000 initially, with the possibility to lead or participate in larger rounds up to $1 million.  More WRAL TechWire coverage here.

The Launch Place

This Danville, Virginia-headquartered organization expanded to Research Triangle Park a few years ago, offering local ventures access to pre-seed and seed capital. The organization also hosts an annual Big Launch Challenge, where startups pitch for a cash prize and capital opportunities. More coverage here.

Triangle Angel Partners

An active group of local angel investors who are also (or have experience as) executives, PhDs, successful entrepreneurs and professional investors.

TrueBridge Capital Partners

Established in 2007, Chapel Hill-based TrueBridge Capital Partners provides both venture fund investing and direct investing for mid- to late-stage technology companies. They also publish an annual market analysis report covering venture capital industry trends.

+ Here are some university-affiliated angel and venture groups

Carolina Angel Network

An alumni base of 70,000 angel investors who are dedicated to linking UNC Chapel Hill’s entrepreneurial community with early-stage funding. The network facilitates financial transactions through a screening process, connecting student teams and companies with outside investor contacts and opportunities.

Duke Angel Network

Funds student startups, so long as the ventures are led by founder(s) who are either Duke students, or part of the university’s alumni network, faculty or staff.

NC State Chancellor’s Innovation Fund

An arm of the university’s Office of Technology Commercialization and New Ventures that provides up to $75,000 to short-term research projects that focus on commercial results.

Triangle Venture Alliance

A network of alumni angel groups that formed in partnership with Duke, UNC, NCSU and NCCU. The organization connects funding sources to startups founded by students, alumni, staff, faculty and families.

Wolfpack Investor Network

A group that helps provide seed and Series A equity capital to companies with some sort of NC State connection, whether it be a founder, executive, donor or board member who is an alumnus, faculty or staff member, student or parent, or has licensed NCSU intellectual property. In 2019, the group surpassed more than $10 million in investments.