Venture South announced yesterday that the Greenville, SC-based firm has joined forces with AngelList, described as the “world’s largest start-up community,” to launch and power a new option for start-up funding named RollingSouth.
Described in the news release as an “innovative subscription investment fund,” RollingSouth will raise investment capital publicly. Anyone, not just VentureSouth members, can invest in the fund through AngelList and then invest alongside VentureSouth in early stage technology companies in the Southeast.
VentureSouth explains in the announcement that it believes this is the first rolling fund closely affiliated with an angel investment group and is a rare fund covering technology companies in the Southeast.
“Rolling funds are a new way to make angel investments through a publicly-accessible subscription fund,” said Paul Clark, a Managing Director at VentureSouth. “We are excited to be bringing this innovative model of angel investing to the Southeast, and expanding the population that can join VentureSouth’s mission to Make Money, Have Fun, Do Good.”
For more information about RollingSouth, click here.