Tuesday, May 23, 2017

Raleigh-Durham Venture Capital Firms & Angel Investor Networks

Posted By: George Deeb - 5/23/2017


& Comment

Below is a list of selected venture capital firms and angel investor networks that are actively investing in the Raleigh-Durham area.  Most are split between a technology or life sciences focus, although many invest in additional industries, as well.  Please research them at their linked websites, to see who may be the best fit for you.  I organized this list in terms of stage of investment focus, from early to late stage investors.  So, please don't reach out to VC's if you do not fit their target criteria.  And, be sure to research their specific technology focus on their websites (e.g., healthcare, education, digital media, SaaS), to make sure your business is a fit for them.  Also, as a reminder, don't blindly cold call these companies.  It is always best to have a warm intro into one of their partners, where Red Rocket or others may be able to help here.


Carolina Angel Network --  UNC angels for UNC related entrepreneurs

Carolina Seed Investors --  life sciences focus

Duke Angel Network --  Duke angels for Duke related entrepreneurs

Eagle Angel Network --  UNNC angels for UNNC related enterpreneurs

Investors' Circle --  impact investing

Raleigh Investment Group --  A network of CEOs looking for alternative investments

RTP Angel Fund -- for promising startups based in North Carolina or the Southeast

RTP Capital Associates --  technology centric, or low-tech execution driven

Triangle Angel Partners --  high tech and life sciences

Triangle Venture Alliance --  UNC, Duke, NCSU, NCCU consortium of networks

Wolfpack Investor Network --  NC State angels for NC State related entrepreneurs

xElle Ventures -- women angel network for women entrepreneurs

SEED STAGE (Up to $250K checks from $0 revenues)

Attic Ventures -- pre-seed creation stage

Champion Hill Labs -- technology focus 

Cofounders Capital --  software focus

Contender Capital --  technology focus

Full Tilt Capital --  technology focus

Front Porch Venture Partners -- represent family offices looking for startups

Harbright Ventures -- technology, services, healthcare, industrial focus

Inception Micro Angel Fund (IMAF) -- generalists

Madison River Ventures -- ecommerce, SaaS focus

North Carolina Venture Capital Fund --  technology focus

Pilot Mountain Ventures --  technology and medical devices

Primordial -- pre-seed tech companies based in the Triangle area

Resilient Ventures --  African American founded and owned businesses.

Solidarity Capital Group --  social impact (community dev, economic dev, sustainable agric., energy/environmental, social finance)

Sustainable Food Ventures -- sustainable food products

Triangle Tweener Fund --  regional index fund spreading money across early stage companies.

EARLY STAGE (Up to $1MM checks in up to $1MM revenues) 

BioInnovation Capital -- life sciences in partnership with local BioLabs incubator

Bull City Venture Partners --  software, internet focus

IDEA Fund Partners --  technology focus

Morgan Creek Funds -- blockchain focus

Oval Park Capital --  deep technology and enterprise software

Triangle Tweener Fund --  backing early stage companies in Triangle area

SERIES A STAGE ($1MM-$5MM checks in $1MM-$5MM revenues)

Cato BioVentures --  life sciences focus

Cherokee Investment Partners --  real estate, environmental, energy, others

Jurassic Capital --  B2B software

SJF Ventures --  impact investing

Union Grove Venture Partners --  data, agriculture, retail, and food tech

SERIES B  STAGE ($5MM-$20MM checks in over $5MM revenues)

Fulcrum Equity Partners --  healthcare and technology focus (Chapel Hill office of Atlanta firm)

Hatteras Venture Partners --  life sciences focus

Intel Capital --  technology focus (corporate backed by Intel)

One Better Ventures - mission-driven consumer brands

River Cities Capital Funds --  healthcare and technology focus

True Bridge Capital Partners --  into funds early or mid-to-late stage direct, tech focus


Echo Health Ventures --  healthcare focus

Pappas Ventures -- life sciences focus


Acorn Innovestments -- advanced materials that solve environmental issues

Bluedoor --  healthcare technology

Bootstrap Advisors --  niche consumer products, online training,  telehealth focus

Disruptive Enterprises --  food & beverage focus

8 Rivers -- sustainable infrastructure innovations in future-critical areas

Excelerate Health Ventures -- healthcare focus

Golden Pine Ventures --  biotechnology and biomedical focus

The Launch Place --  generalist

Rex Health Ventures --  UNC related, healthcare focus

Sherpa Collaborative --  consumer products focus


Asheville Angels (seed stage, Asheville)

Blue Ridge Angel Investor Network (seed stage, Asheville)

Charlotte Angel Fund (seed stage, Charlotte)

Double Time Capital (growth stage, Charlotte, sustainable energy)

ECU Investor Network (seed stage, Greenville)

Frontier Capital (growth stage, Charlotte)

Lowe's Ventures (all stages, Mooresville, emerging tech, retail tech, home tech)

North Carolina Innovation Funds (Charlotte, state fund co-invests behind other VCs)

Piedmont Angel Network (seed stage, Winston-Salem)

SunBridge Partners (early stage, Charlotte, technology with global applications)

VentureSouth Piedmont (angel network, Piedmont area)

Wilmington Investor Network (seed stage, Wilmington)


I would also recommend reaching out to investors outside of North Carolina who are open to investing in the region.  So, research venture investors in the surrounding states in the Southeast.  Or, even further beyond, as I know a lot of Chicago venture capitalists are open to investing in smart companies, wherever they are located, and for the right companies, Red Rocket can make introductions to our relationships there.

For future posts, please follow me on Twitter at: @georgedeeb.

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