Wakefield Group
Description
Wakefield Group is a well-established venture capital firm based in Charlotte, North Carolina, with a primary investment focus on early-stage technology and healthcare companies across the Southeastern United States. Founded in 1988, the firm boasts a long track record of supporting promising startups in the region, leveraging its deep industry expertise and extensive network. They are known for their commitment to fostering innovation within the Southeast's burgeoning tech and healthcare ecosystems.
The firm's investment strategy centers on identifying companies with high growth potential, proven business models, and strong management teams. Wakefield Group actively targets sectors such as Software, Healthcare IT, Digital Health, Tech-Enabled Services, and Fintech. Beyond capital, they aim to be a hands-on partner, providing strategic guidance, operational support, and access to key resources to help their portfolio companies scale effectively and achieve significant market opportunities. Their approach emphasizes building long-term relationships and contributing to the success of their ventures.
Wakefield Group typically participates in Seed, Series A, and Series B funding rounds, often taking a lead or co-lead position. Historically, their initial cheque sizes have ranged from $1,000,000 to $5,000,000, reflecting their commitment to early-stage growth. The firm has successfully raised multiple funds, including a $70 million fund in 2014 and a $100 million fund in 2019, demonstrating continued investor confidence in their strategy and regional focus. These substantial capital pools enable Wakefield Group to provide significant initial investments and subsequent follow-on funding to support their portfolio companies through various stages of development.
Investor Profile
Wakefield Group has backed more than 33 startups, with 0 new investments in the last 12 months alone. The firm has led 9 rounds, about 27% of its total and boasts 13 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series Unknown, Series A, Series B rounds (top funding stages).
- Majority of deals are located in United States.
- Strong thematic focus on Software, Enterprise Software, Information Technology.
- Typical check size: $1M – $5M.
Stage Focus
- Series Unknown (27%)
- Series A (24%)
- Series B (21%)
- Private Equity (6%)
- Series D (6%)
- Post Ipo Equity (3%)
- Seed (3%)
- Series F (3%)
- Series C (3%)
- Series E (3%)
Country Focus
- United States (100%)
Industry Focus
- Software
- Enterprise Software
- Information Technology
- Mobile
- Health Care
- Internet
- Biotechnology
- Medical
- Apps
- Advertising
Frequently Asked Questions
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