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March 08, 2022 | Tom Ballard

Cofounders Capital raising third fund with $50 million goal

WRAL TechWire reports that Cofounders Capital is raising a new fund – its third – and investors are already lining up to participate in a chance to invest across North Carolina’s entrepreneurial community.

According to a Securities and Exchange Commission filing, Cary-based Cofounders has already secured nearly $24 million from 53 investors. Each had to contribute at least $100,000 to participate, according to the filing, and the targeted goal is $50 million.

The firm describes itself as the only one like it in the Carolinas run by serially successful entrepreneurs and willing to write a pre-revenue terms sheet.

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