VentureSouth, one of the country’s largest angel investment networks, is once again expanding its footprint. The PeeDee region of South Carolina will become the 16th community with a VentureSouth angel group, bringing the resources of a venture capital firm to local investors.
Curtis Lee, a local angel investor and owner of several successful local businesses, will serve as the Market Director of VentureSouth PeeDee.
“Raising the VentureSouth banner in the PeeDee region of South Carolina is a significant step towards putting the communities throughout this area of South Carolina on the map as a place to start and grow companies. The attractiveness of VentureSouth’s model is that it leverages the collective expertise of 400+ angel investors who screen potential opportunities and conduct professional due diligence. Their highly-professional, successful and proven process will undoubtedly lead to the growth of our entrepreneurship ecosystem.” Lee said.
VentureSouth invests in early-stage, high-growth companies in the Southeast, typically those seeking $500,000 to $2 million in capital. Its over 400 members have invested $60 million in more than 80 companies across the region, many of which have been acquired, providing substantial returns for VentureSouth investors.
In addition to groups in North Carolina and Virginia, VentureSouth has a presence throughout South Carolina in Columbia, Charleston, Greenville, Aiken, Hilton Head, Spartanburg, Rock Hill, and Anderson.
Charlie Banks, VentureSouth Managing Director, states, “History has proven that many of the country’s most successful companies were born during abnormal economic times. Thus, given the current environment, there will be significant opportunities for investors to gain exposure to many exciting, high-growth companies. There is an obvious energy here for what VentureSouth brings and we believe the PeeDee is a perfect fit for us.”
In addition to seeing potential investments on a monthly basis, VentureSouth PeeDee members will connect with other experienced investors throughout the region, be able to access VentureSouth’s comprehensive educational curriculum, and gain exposure to emerging technologies, business models and entrepreneurs.
VentureSouth PeeDee will be hosting two educational and informational sessions in Hartsville and Florence on October 12th. We invite any interested investors to click here to learn more about and to register for these events.