VentureSouth, a top 10 angel investment group in North America, invested $12 million in 34 companies in 2022, according to an announcement made by the organization. The VentureSouth investment portfolio includes new companies such as HealthyCell and MP Cloud from South Carolina, Pointivo and Wripple from Atlanta, HopDrive and RoundlyX from Virginia, and Gradient Health from North Carolina. In addition to these, VentureSouth also invested in nearly two dozen existing portfolio companies like 6AM City, Case Status, and Emrgy among others. The group partnered with the investor group 757 Angels in November 2022 and launched the Palmetto Venture Fellowship in partnership with Venture Carolina and the South Carolina Department of Commerce. Having invested $72 million across 98 companies and boasting more than 470 member investors, VentureSouth continues to demonstrate its commitment to supporting early-stage investment opportunities in the Southeast.
VentureSouth’s $12M Investment in 2022
From UBJ, Upstate Business Journal
New Investments
VentureSouth, one of the Top 10 angel investment groups in North America, provided $12 million in capital investment to 34 companies in 2022, the organization announced on January 17.
The angel investment group’s new investments included:
- HealthyCell – South Carolina
- MP Cloud – South Carolina
- Pointivo – Atlanta, Georgia
- Wripple – Atlanta, Georgia
- HopDrive – Virginia
- RoundlyX – Virginia
- Gradient Health – North Carolina
Additional Investments
VentureSouth also made additional investments in nearly two dozen existing portfolio companies, including:
- 6AM City
- Case Status
- Emrgy
- Iconic Moments
- Plantd
- PunchList
- Spiffy
- Sprockets
- Zylo Therapeutics
Partnership and Achievements
In November 2022, the organization announced it planned to partner with the investor group 757 Angels. The partnership, which will bring 757 Angels into VentureSouth’s network in June, is the angel investment group’s second market in Virginia and its first integration of an existing angel group into its network.
VentureSouth’s other 2022 achievements included:
- Closing VentureSouth Angel Fund V – the fifth VentureSouth co-investment fund
- Launching the Palmetto Venture Fellowship in partnership with Venture Carolina and the South Carolina Department of Commerce
- Being recognized as a top 10 angel investment group in North America by the Angel Capital Association for the fourth time
“We are immensely proud of the growth and achievements we experienced throughout 2022,” said Charlie Banks, one of three VentureSouth co-founders and managing directors. “We believe our progress is a testament to the appealing early-stage investment opportunities in the Southeast, the talent of the entrepreneurs we back, the insights of our expanding investor base and the robust infrastructure we continue to build at VentureSouth.”
VentureSouth has invested $72 million across 98 companies and grown to more than 470 member investors. For more information, visit venturesouth.vc.
Question & Answer
1. How much did VentureSouth invest in 2022?
VentureSouth invested $12 million in 34 companies in 2022.
2. What are some of the new companies VentureSouth invested in?
Some of the new companies VentureSouth invested in include HealthyCell and MP Cloud from South Carolina, Pointivo and Wripple from Atlanta, HopDrive and RoundlyX from Virginia, and Gradient Health from North Carolina.
3. What are some of the existing portfolio companies VentureSouth invested in?
VentureSouth also invested in nearly two dozen existing portfolio companies like 6AM City, Case Status, and Emrgy among others.
4. What achievements did VentureSouth have in 2022?
In 2022, VentureSouth closed VentureSouth Angel Fund V, launched the Palmetto Venture Fellowship, and was recognized as a top 10 angel investment group in North America by the Angel Capital Association for the fourth time.
