VentureSouth is a venture capital firm developed to empower startups in the Southeastern region with capital. The company was accepted into the Upstate Carolina Angel Network and has over 400 angel investors. So far, they have raised around $60 million for 90 companies.
Startups under VentureSouth often get supported with an amount between $250,000 and $1,000,000. To get access to this seed rounds, there are a number of criteria that need to be met. First, it is important that the company is founded in the Southeastern United States. The startups must also have initial revenue and can generate a 50% annualized rate of return of investment in 3-5 years.
An online process has been put in place for people that want to join VentureSouth.