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VentureSouth company logo
Angel Investor (Group)
venturesouth.vc

Investments

100

Portfolio Exits

13

Funds

4

Partners & Customers

2

About VentureSouth

VentureSouth is an early stage investment firm that manages angel groups and funds across South Carolina and Western North Carolina.

Headquarters Location

411 University Ridge Suite 211

Greenville, South Carolina, 29601,

United States

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Latest VentureSouth News

VentureSouth names director for operations in Triangle

Sep 12, 2023

DURHAM –  VentureSouth , rapidly emerging as a leading investor in early-stage startups across the Triangle and southeast, has a new director for its Triangle opreations. He is  Jonathan Heigel , a Duke University graduate who recently moved to Raleigh. “VentureSouth is thrilled to continue working with Jonathan, now in his role of director of our angel investment group in the Triangle,” said Paul Clark, managing director of VentureSouth. “Jonathan has been a valuable VentureSouth member for several years, as an investor, due diligence team member, and advocate. His service on the board of directors for portfolio companies, most recently for  Seal the Seasons  in Durham, lets him apply his consulting and entrepreneurial expertise, to early-stage companies in the region. We are thrilled to have him leading our efforts in the Triangle.” Heigel earned an undergraduate degree in economics and an MBA in political science at Duke and has been a member of the VentureSouth group. He’s worked for the U.S. Navy, several consulting firms and has led his own consulting firm. “I’m very excited to be taking on an active role representing VentureSouth in the Triangle,” Heigel said in a statement. “Having recently relocated to Raleigh, it’s incredibly exciting to see how the region has exploded in so many ways since my college days. The vitality and volume of entrepreneurs, venture investors, and the startup ecosystem matches anything I’ve seen elsewhere in the country, and I’m excited to become a part of it.” VentureSouth has more than 500 members and has made more than 100 investments across the southeast, including 25 in the Triangle.

Jun 25, 2023
Gradient Health

VentureSouth Investments

100 Investments

VentureSouth has made 100 investments. Their latest investment was in Gradient Health as part of their Seed VC - II on June 6, 2023.

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VentureSouth Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/20/2023

Seed VC - II

Gradient Health

$2.75M

Yes

2

6/1/2023

Series A - III

APPROVE

$3.94M

No

3

3/29/2023

Angel

Darby

Yes

2

12/8/2022

Series C

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$99M

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10

6/7/2022

Seed VC

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$99M

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10

Date

6/20/2023

6/1/2023

3/29/2023

12/8/2022

6/7/2022

Round

Seed VC - II

Series A - III

Angel

Series C

Seed VC

Company

Gradient Health

APPROVE

Darby

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Amount

$2.75M

$3.94M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

2

3

2

10

10

VentureSouth Portfolio Exits

13 Portfolio Exits

VentureSouth has 13 portfolio exits. Their latest portfolio exit was ThreatSwitch on October 18, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/18/2022

Acquired

$99M

5

1/12/2022

Acquired

$99M

4

6/15/2021

Reverse Merger

$99M

8

11/2/2020

Acquired

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$99M

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10

9/9/2019

Acquired

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$99M

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10

Date

10/18/2022

1/12/2022

6/15/2021

11/2/2020

9/9/2019

Exit

Acquired

Acquired

Reverse Merger

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

5

4

8

10

10

VentureSouth Fund History

4 Fund Histories

VentureSouth has 4 funds, including VentureSouth Angel Fund IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/17/2021

VentureSouth Angel Fund IV

$5M

2

1/14/2019

VentureSouth Angel Fund III

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$99M

10

12/31/2017

VentureSouth Angel Fund II LP

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$99M

10

6/27/2014

Palmetto Angel 2014 Fund LP

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$99M

10

Closing Date

8/17/2021

1/14/2019

12/31/2017

6/27/2014

Fund

VentureSouth Angel Fund IV

VentureSouth Angel Fund III

VentureSouth Angel Fund II LP

Palmetto Angel 2014 Fund LP

Fund Type

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Status

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Amount

$5M

$99M

$99M

$99M

Sources

2

10

10

10

VentureSouth Partners & Customers

2 Partners and customers

VentureSouth has 2 strategic partners and customers. VentureSouth recently partnered with Startup Virginia on March 3, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

3/10/2021

Partner

United States

Startup Virginia, VentureSouth partner to provide investment opportunities to Richmond founders - Startup Virginia

Startup Virginia , VentureSouth partner to provide investment opportunities to Richmond founders .

1

2/1/2021

Vendor

United States

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10

Date

3/10/2021

2/1/2021

Type

Partner

Vendor

Business Partner

Country

United States

United States

News Snippet

Startup Virginia, VentureSouth partner to provide investment opportunities to Richmond founders - Startup Virginia

Startup Virginia , VentureSouth partner to provide investment opportunities to Richmond founders .

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Sources

1

10

VentureSouth Team

5 Team Members

VentureSouth has 5 team members, including current Founder, Managing Director, Matt Dunbar.

Name

Work History

Title

Status

Matt Dunbar

Founder, Managing Director

Current

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Name

Matt Dunbar

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Work History

Title

Founder, Managing Director

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Status

Current

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