VentureSouth, 757 Angels announce partnership
757 Angels, a Hampton Roads, VA angel investment group, and VentureSouth, the rapidly expanding Greenville, SC fund, have announced a partnership to provide more access to capital and investors to 757 Angels’ 140 members.
The alliance, effective June 2023, comes on the heels of the late October report that VentureSouth was exploring the launch of a chapter in the Jacksonville, FL area and the July launch of a Chattanooga chapter led by Jay Shaffer. With the addition of 757 Angels, the VentureSouth network will expand to its 20th Southeastern market. VentureSouth, with more than 450 members and more than $70 million invested in nearly 100 early stage companies, has also been consistently recognized by the Angel Capital Association as one of the top 10 groups in North America.
According to this article from Virginia Business, 757 Angels, launched in 2015, has grown from 50 members to 140 and surpassed $100 million in capital invested in 49 companies. All the companies 757 Angels invests in are either Virginia-based or have significant operations in Virginia.
“This is an evolution where our community is really going to get more,” 757 Angels Executive Director Monique Adams said. Explaining that 757 Angels will retain its brand and local board and will continue to have a local market director, she stressed, “We’re not upsetting the applecart here. … We’re using this as a vehicle to grow and we can provide enhanced benefits to entrepreneurs and to investors.”
In this news release published by Yahoo, Matt Dunbar, Co-Founder and Managing Director of VentureSouth, commented, “We are honored to align with one of the nation’s strongest angel groups, and we are pleased to add VentureSouth representation in the growing Hampton Roads entrepreneurial ecosystem.”