Collective Capital Ventures, the new brand for The AIM Group, recently announced the closing of the AIM South Fund with $13.5 million in committed capital that will be concentrated on high growth companies throughout the Southeast.
As one of the largest early stage investment groups in the Southeast, The AIM Group, now Collective Capital Ventures, has facilitated more than 75 transactions in early stage technology companies throughout its history with more than $50 million in capital deployed into high-growth companies in our region. One of those portfolio companies is Knoxville’s NewsBreak Media.
The Birmingham-based fund is led by the three Managing Partners of the AIM Group/Collective Capital Ventures: Clay Corman, Anderson Hicklen, and Jim Corman. As noted in a recent announcement, investors in the fund include multiple communities in Alabama (Auburn, Birmingham, Montgomery, Huntsville, and Mobile) as well as Nashville, Atlanta, Florida, North Carolina, South Carolina, Louisiana, and Oregon.
Creating the new fund was important for several reasons.
“First, we had several portfolio companies that we’re performing head and shoulders above the rest, and we wanted an opportunity to invest in those companies again,” says Corman. “The AIM South Fund allows us to invest in high-performing companies quickly and efficiently. Secondly, we had several investors who wanted to build a diversified portfolio of investments in later-staged technology companies, which is typically not available to individual investors. We knew the AIM South Fund would be a great solution for our investors and companies raising growth capital.”
Earlier this summer, the AIM Group rebranded to Collective Capital Ventures, providing an improved investment process for individual investors and technology companies seeking growth capital. Collective Capital works with high net worth individuals throughout the Southeast to provide vetted investment opportunities in high-growth technology companies.
The AIM South Fund will invest in technology-enabled businesses located throughout the Southeast, primarily at the growth stages. Preferred industries are business-to-business, Software-as-a-Service, healthcare and medical devices, marketing technology, and technology-enabled services. The AIM South Fund is launching with six portfolio companies in the Fund and will look to add 10 or more positions over the next several years.
“The six portfolio companies in the AIM South Fund represent high-performing companies that have demonstrated continued performance since our initial investment,” Hicklen explained. “We’ve tracked the performance of these companies for two years prior to the Fund investing, giving the Fund a unique advantage when making an investment.”
The seven companies in the new fund include three from the Raleigh-Durham area – Anutra Medical, Baebies and MemberHub; two from Florida Wellbox (Jacksonville) and Tomahawk Robotics (Melbourne); and one each from Nashville (XOi) and Atlanta (Kahua).