Stories of Technology, Innovation, & Entrepreneurship in the Southeast

Knoxville Business News Tennessee Mountain Scenery Background
May 05, 2022 | Tom Ballard

Charlotte Angel Fund raising third fund that could reach $6 million

Charlotte Inno reports (subscription required) that the Charlotte Angel Fund (CAF) has launched its third fund with an initial capital infusion of $780,000 from 17 investors and a goal of raising as much as $6 million. There’s a minimum commitment of $30,000.

CAF describes itself as “a large group of experienced, committed investors in early stage companies in a wide range of industries” and “one of North Carolina’s most active angel investor groups” that “represents Charlotte’s largest source of capital for high aspiration start-ups.” Through the first two funds, CAF has invested in 27 companies in the Carolinas. The average investments is between $100,000 and $250,000 as part of a $500,000 to $2 million capital round.



Like what you've read?

Forward to a friend!

Don’t Miss Out on the Southeast’s Latest Entrepreneurial, Business, & Tech News!

Sign-up to get the Teknovation Newsletter in your inbox each morning!

  • This field is for validation purposes and should be left unchanged.


No, thanks!