Charlotte Angel Fund
Description
Charlotte Angel Fund (CAF) is a prominent member-driven angel investment fund strategically focused on fostering the growth of early-stage, high-growth companies, primarily within the vibrant Charlotte, North Carolina region. Established in 2008, CAF plays a crucial role in the local entrepreneurial ecosystem by providing essential capital and mentorship to promising startups. Its unique structure leverages the collective expertise and resources of its members, who are experienced business leaders and investors committed to supporting innovative ventures.
The fund's investment thesis is centered on Seed and Series A rounds, targeting companies that demonstrate significant potential for scalability and market disruption. CAF maintains a diverse industry focus, actively deploying capital across various sectors including software, fintech, healthcare, advanced manufacturing, and consumer products. This broad approach allows the fund to capture opportunities across different high-growth verticals, contributing to the diversification and resilience of its portfolio.
Charlotte Angel Fund typically provides initial investments ranging from $100,000 to $500,000, reflecting its commitment to providing meaningful early-stage capital. Since its inception, CAF has been a prolific investor, having made over 30 investments in local and regional companies. Collectively, the fund's members have deployed over $10 million into their portfolio companies, underscoring their substantial financial commitment and belief in the potential of the Charlotte startup community.
Investor Profile
Charlotte Angel Fund has backed more than 22 startups, with 1 new investments in the last 12 months alone. The firm has led 5 rounds, about 23% of its total and boasts 6 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Convertible Note rounds (top funding stages).
- Majority of deals are located in United States.
- Strong thematic focus on SaaS, Software, Health Care.
- Typical check size: $100K – $500K.
Stage Focus
- Seed (55%)
- Series A (9%)
- Convertible Note (9%)
- Series Unknown (9%)
- Series C (5%)
- Angel (5%)
- Pre Seed (5%)
- Series B (5%)
Country Focus
- United States (100%)
Industry Focus
- Saas
- Software
- Health Care
- Medical
- Manufacturing
- Medical Device
- Artificial Intelligence (Ai)
- Enterprise
- Real Estate
- B2b
Frequently Asked Questions
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