Top 10 VC Funds in Alabama
Alabama has been recognized for its innovation and acceleration in the startup ecosystem. The state of Alabama offers various programs, such as Alabama Launchpad, that help upcoming entrepreneurs start their businesses easily. VC firms and investors also assist in providing the required investment. We have compiled a list of the top 10 VC funds in Alabama to help founders and individuals involved in startups in the state.
Here's a table that summarizes the overall VC data for a quick overview:
|
VC Firm |
Ticket Size |
Stages |
Founding Year |
|---|---|---|---|
|
Alabama Launchpad |
$25,000 - $50,000 |
Early, Seed |
2006 |
|
Redmont Capital |
$1M - $4M |
Series A |
1998 |
|
EBSCO Capital |
Undisclosed |
Buyout, Add-on, Early, Late |
2001 |
|
Rizvi Traverse Management |
$250K - $1M |
Late |
2004 |
|
RPM Ventures |
$100K - $5M |
Early, Seed |
2000 |
|
Annox Capital |
Undisclosed |
Growth |
2013 |
|
Riverfront Ventures |
$250K - $750K |
Seed, Series A, Growth |
2013 |
|
Harbert Management Corporation |
$20M - $80M |
Growth |
1993 |
|
New Capital Partners |
$1M - $4M |
Growth, Buyout, Merger, Recapitalization |
2001 |
|
Bronze Valley |
Undisclosed |
Early |
2017 |
1. Alabama Launchpad
Alabama Launchpad, part of the Economic Development Partnership of Alabama, backs budding businesses in the state. They help entrepreneurs succeed in Alabama by offering support, advocacy, and recognition. Whether you're just starting out or growing your business, Alabama Launchpad is here to help build a strong business community and support innovative ventures that boost the state's economy.
Website: alabamalaunchpad.com
Founding Year: 2006
Investment Range: $25,000 - $50,000
Stage: Early, Seed
Sector: Innovative
Investment Geography: Alabama, United States
Notable Investments: SmartWIz, Cahaba Fire Company, Domestique, Monthly
Submit Pitch/ Contact: Link
2. Redmont Capital
Redmont is a private company that helps people with their money decisions. They give advice and make plans to help clients succeed financially. Redmont focuses on each client's needs to ensure the best results.
Website: redmontcapital.com
Founding Year: 1998
Investment Range: $1M - $4M
Stage: Series A
Sector: Information Technology, Healthcare, Manufacturing & Distribution, Business Services, Communications, Consumer Packaged Goods
Investment Geography: Southeastern United States
Notable Investments: FireRock, MacroFab, Altimmune
Submit Pitch/ Contact: Link
3. EBSCO Capital
EBSCO Capital, which is part of EBSCO Industries, likes to invest in businesses in fields like Professional Services, Distribution, Industrial Services, and Niche Manufacturing. They aim for companies earning between $8-25 million and want to build lasting relationships with capable management teams. They're also open to investing more in their current portfolio companies, which include Bailey International, All Current, PRADCO, BISO, EBSCO Information Services, and Luxor Workspace Solutions.
Website: ebscocapital.com
Founding Year: 2001
Investment Range: Undisclosed
Stage: Buyout, Add-on, Early, Late
Sector: Healthcare, Tehnology, SaaS
Investment Geography: United States
Notable Investments: Bailey International, All Current, PRADCO, BISO, EBSCO Information Services, Luxor Workspace Solutions
Submit Pitch/ Contact: Link
4. Rizvi Traverse Management
Rizvi Traverse Management is a private equity investment firm founded in 2004. The firm is known for its late-stage investments in high-growth industries, particularly in the technology, e-commerce, and social media sectors. The senior team includes Suhail Rizvi, the co-founder and Chief Investment Officer, and John A. Giampetroni, the co-founder and Chief Operating Officer.
Website: rizvitraverse.com
Founding Year: 2004
Investment Range: $250K - $1M
Stage: Late
Sector: High-growth industries operating in the technology, e-commerce, and social media
Investment Geography: United States
Notable Investments: Block, Jawbone, Twitter
Submit Pitch/ Contact: Link
5. RPM Ventures
RPM Ventures started in 2000. They invest in new businesses, especially ones that work with software, cloud computing, social media, and automotive technology. They focus mainly on areas like Silicon Valley, New York, and the Great Lakes region. They work closely with entrepreneurs to support advanced technologies in things like connected cars and transportation.
Website: rpmvc.com
Founding Year: 2000
Investment Range: $100K - $5M
Stage: Early, Seed
Sector: B2B and B2B2C technology startups in the Fintech, Mobility, Automotive, Enterprise Software, Financial Services, Insurance, and Real Estate sectors
Investment Geography: United States
Notable Investments: SoFi, Convey, Deliv
Submit Pitch/ Contact: Link
6. Annox Capital
This company does business differently, using innovative technology and online strategies to improve processes and experiences. They partner with a variety of businesses, from tech firms to industries like manufacturing and banking, all dedicated to innovative approaches.
Website: annoxcapital.com
Founding Year: 2013
Investment Range: Undisclosed
Stage: Growth
Sector: Tech, manufacturing, logistics, banking, healthcare, real estate
Investment Geography: United States
Notable Investments: Trullion, Hush, CoverTree
Submit Pitch/ Contact: Link
7. Riverfront Ventures
Riverfront Ventures is a tech-focused venture capital firm located in southwestern Pennsylvania that specializes in supporting early-stage, high-growth companies. Their primary areas of interest include software, life sciences, robotics, energy, IoT, and advanced materials. They believe in the power of simplicity, achieved through thorough research, thoughtful design, and strategic planning. The goal at Riverfront Ventures is to empower startups by providing crucial funding support, assisting in the formation of effective management teams, and facilitating connections with customers, partners, and investors. Drawing on their experience, which has been shaped through years of collaboration with hundreds of entrepreneurs via their nonprofit arm, Innovation Works, they position themselves as dedicated allies in the journey of building successful businesses.
Website: riverfrontventures.com
Founding Year: 2013
Investment Range: $250K - $750K
Stage: Seed, Series A, Growth
Sector: Software, Life Sciences, Robotics, Energy, IoT, Advanced Materials
Investment Geography: United States
Notable Investments: Alung, Fitt, Ikos, Maven Machines, VOCI, JazzHR
Submit Pitch/ Contact: Link
8. Harbert Management Corporation
HMC is an investment firm that invests alongside others, showing confidence in its strategies. With over 20 years of experience, they use research to make smart investment choices across different areas. They focus on managing risk to protect capital and provide transparency through top-quality systems. HMC stays aligned with clients by investing partner capital equally.
Website: harbert.net
Founding Year: 1993
Investment Range: $20M - $80M
Stage: Growth
Sector: Private equity and venture capital markets, real estate, mezzanine debt
Investment Geography: Northeast, United States
Submit Pitch/ Contact: Link
9. New Capital Partners
New Capital Partners is a private equity firm focused on fostering strong partnerships with management teams and investing in high-growth businesses. With deep entrepreneurial and operational expertise, they aim to create substantial value for their portfolio companies.
Website: newcapitalpartners.com
Founding Year: 2001
Investment Range: $1M - $4M
Stage: Growth, Buyout, Merger, Recapitalization
Sector: Healthcare, Fintech, Business
Investment Geography: United States
Notable Investments: Teladoc Health, REPAY, Volly
Submit Pitch/ Contact: Link
10. Bronze Valley
Bronze Valley is a venture capital investor focused on supporting early-stage companies led by diverse and female founders. Their goal is to build pathways from education to opportunities in industries where underrepresented communities can thrive. By investing in high-growth ventures, Bronze Valley wants to create a more inclusive future.
Website: bronzevalley.com
Founding Year: 2017
Investment Range: Undisclosed
Stage: Early
Sector: Technology, Innovation
Investment Geography: United States (Southeast, Mid-Atlantic, and Midwest)
Notable Investments: Pruuvn, Lillii RNB
Submit Pitch/ Contact: info@bronzevalley.com
FAQ (Frequently Asked Questions)
Q: What is the minimum amount for a VC fund?
A: Venture capital funds usually ask for a minimum investment of $250,000 to $500,000, and sometimes even more. Investing a small amount of money can still cost a lot. These funds are usually only open to wealthy people and big organizations that have a lot of money.
Q: What cities have the most VC investments?
A: The top five cities for venture capital investment are San Francisco, New York City, Boston, San Jose, and Los Angeles. These cities together receive more than two-thirds (67.5%) of all venture capital investments.
Q: Do VC firms pay well?
A: Venture capital usually pays better than corporate development but not as much as private equity and hedge funds. At big VC firms, associates without an MBA can make $150K to $200K, while those with an MBA might rake in $200K to $250K. You might also ask, "Do startups pay well?" Here"s your answer.
Q: How many VC firms fail?
A: According to experts at The National Venture Capital Association, they believe that around 25% to 30% of startups supported by VC funding end up failing.
Best of luck with your amazing ventures.
Please note that this list is filtered by various metrics, and all the data are collected through various third-party websites, mostly the VC website. Since data such as ticket size or industry may change, you are requested to visit the official website given in the blog for the latest and updated information.
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