VentureSouth’s new Virginia initiative makes third investment
Greenville, SC-based VentureSouth has announced a recent seed investment in OneDigitalTrust, a McLean, VA-based EstateTech platform. It marks the third investment in the Commonwealth of Virginia since the formation of VentureSouth Virginia earlier this year.
OneDigitalTrust allows users to digitally create and update their personal estate plans through all of life’s stages. The company’s solutions are offered directly to financial institutions, making it easy for them to deliver to their customers and employees. OneDigitalTrust offers services in all 50 states, plus Washington, DC.
“VentureSouth’s investment will help us accelerate delivery of the OneDigitalTrust EstateTech solution to financial, wealth management, and insurance companies seeking to meet growing demand from their clients for affordable, digital, easy-to-use-and-change wills and trusts,” said Sonny Kapoor, Co-Founder and Chief Executive Officer.
VentureSouth led the investment round with co-investment from its VentureSouth Angel Fund IV. Other investors included the Commonwealth of Virginia’s Center for Innovative Technology GAP Funds, Portfolia’s Active Aging and Longevity Fund, and RTP Capital. In just a few months, the VentureSouth Virginia group has gained over 30 new members.