VC & Angel Groups
Ready to take your startup to the next level and start pitching investors? Look into these options:
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.
Charlotte Angel Fund invests in a range of early-stage startups across North Carolina, including many in the Triangle area. Typical investments reach around $50,000 per company, depending on the size of the investment round. The group focuses on tech startups that are addressing a large market. WRAL TechWire coverage here.
This Cary-based seed fund is 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.
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.
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.
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.
Jurassic Capital is a private equity firm that was created out of Colopy Ventures, led by Joe Colopy, former founder and CEO of Durham-based Bronto Software (acquired by NetSuite and later Oracle). Colopy started Jurassic Capital in October 2019 alongside former Bronto executive Kevin Mosley. The firm is focused on acquiring and investing in Southeast U.S.-based B2B SaaS startups with annual recurring revenue of $1 million to $5 million.
Durham-based Leyline Renewable Capital invests in pre-construction renewable energy projects to help developers scale their business. The fund has backed a few projects in North Carolina, including poultry and swine waste projects and two landfill gas projects. Read more WRAL TechWire coverage here.
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.
Formed in 2012 as an extension of UNC REX Healthcare‘s innovation initiatives, REX Health Ventures targets early-stage to mid-stage companies developing healthcare services, healthcare IT, medical devices and biopharma technology. The fund’s portfolio includes several high-growth companies based in the RTP area.
River Cities Capital Funds invests in growth-stage startups with healthcare and IT products. The firm targets companies generating over $5 million in revenue. The size of initial investments ranges from $5 million to $15 million. Though it’s headquartered in Cincinnati, River Cities has a big presence in the Triangle, with an office in Raleigh and numerous local startups on its portfolio.
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 is an impact investing VC firm headquartered in Durham. SJF typically invests $1 million to $10 million in companies focused on cleantech, sustainable agriculture, education and health, among other areas.
Social Venture Circle is a Durham-based early-stage impact investing network that funds startups exploring ways to improve the environment, education and health.
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.
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.
An active group of local angel investors who are also (or have experience as) executives, PhDs, successful entrepreneurs and professional investors.
+ Here are some university-affiliated angel and venture groups↴
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.
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.
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.
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.
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.