Mississippi is starting to make a name for itself in the tech and startup world. More and more innovative entrepreneurs are popping up across the state, and some local startups are gaining good recognition. To keep this momentum going, several venture capital firms are stepping in with the funding these businesses need to grow. After looking at the latest data, we’ve put together a list of the top 10 venture capital funds in Mississippi that are actively supporting local startups
Here’s a table for better overview:
VC Firm
Ticket Size
Stages
Founding Year
Ballast Point Ventures
$3M - $12M
Growth-stage
2002
PSG Equity
$10M - $100M
Growth-stage
2014
Innovate Mississippi
$50K - $500K
Seed, Early-stage
2000
MuniStrategies
$500K - $10M
Early-stage, Growth-stage
2006
South Mississippi Angel Fund
$25K - $100K
Seed, Early-stage
2022
Mississippi Seed Fund
$50K - $250K
Seed, Early-stage
N/A
Beringea
$3M - $10M
Growth, Expansion
1988
MAG CAP Advisors
Not disclosed
Growth-stage
2012
Grits Capital
$500K - $5M
Early-stage
2010
VentureSouth
$100K - $1M
Early-stage
2008
1. Ballast Point Ventures
Ballast Point Ventures is a venture capital firm that works closely with entrepreneurs to help them grow their companies. They provide both funding and strategic guidance They also use their extensive experience and strong industry connections. Ballast Point looks for companies with skilled leadership and solid business models and helps them grow and tackle challenges. Their team stays involved throughout the journey and helps founders reach their goals.
PSG is a venture capital firm that invests in software companies. They support them as they grow and reach new heights. They work closely with founders during key growth stages and provide both funding and strategic advice. With deep expertise in software, PSG builds strong partnerships with their companies. They give them the resources and guidance needed to expand and succeed.
Innovate Mississippi is a nonprofit venture capital firm that focuses on supporting tech startups in Mississippi. They connect entrepreneurs with early-stage and venture capital, offer coaching, and link them to important resources. Innovate Mississippi has helped develop over 1,500 companies, creating jobs across the state. Their goal is to grow local businesses, driving economic development and innovation.
MuniStrategies is a venture capital firm that supports rural businesses and healthcare centers in the Southeast. They offer flexible, low-cost funding to create good jobs, improve healthcare access, and support workforce development. MuniStrategies partners with community leaders to drive economic growth. They invest in businesses that may struggle with traditional funding options. They work to bring opportunities to underserved areas in the region.
Notable Investments: Vicksburg Convention Center, Stewpot Community Services, Sunbelt Fresh Water Supply District, Gateway Health Systems, Mississippi Center for Justice
South Mississippi Angel Fund (SMAF) focuses on growing innovation and the economy in South Mississippi, from Hattiesburg to the Gulf Coast. Led by local investors, SMAF provides private funding to startups. They help them grow and create economic opportunities. By partnering with the Appalachian Investors Alliance, they ensure careful evaluations and a broader network of deals and promote steady growth in the region.
The Mississippi Seed Fund, managed by Innovate Mississippi, is a venture capital fund for early-stage tech startups in Mississippi. They give funding to companies working on new products and help them progress from ideas to the marketplace. The Seed Fund focuses on industries with high growth potential, like healthcare, tech, and energy, providing pre-seed and research funding to boost growth and job creation in Mississippi.
Beringea is a big player in venture capital that manages $715 million in the U.S. and U.K. They really support startups with patient capital and help them grow. With a 30-year history, Beringea's diverse team works closely with founders. They tackle challenges and open doors for global success. Their friendly approach, built on an entrepreneurial spirit, makes them a great partner for startups with a dedication for long-term growth and value creation worldwide.
Sector: Advanced Manufacturing, Alternative Energy, Business Services, Consumer Products, Information Technology, Life Sciences, Media, Medical Device Technology, Mobility
MAG CAP is a venture capital firm that values integrity and prioritizes clients' needs. They provide customized investment strategies and blend global expertise with a personal touch. MAG CAP's process involves understanding clients' goals, creating innovative plans and executing them with close monitoring. They focus on building trust and achieving steady growth and help clients confidently explore financial opportunities.
Grits Capital provides both debt and equity funding to early-stage and growing companies in Mississippi. They support local businesses that need funds to reach their potential. They offer not only capital but also strategic guidance and valuable industry connections. Grits Capital is dedicated to driving growth and innovation and helping Mississippi companies succeed.
VentureSouth is a venture capital firm that invests in early-stage companies across the Southeast. They support entrepreneurs with funding and expertise. They focus on businesses that have strong growth potential. VentureSouth uses a broad investor network to give startups the resources they need to succeed. They work to build impactful, innovative companies while delivering solid returns for investors.
Venture capital is a type of investment that can be risky but has the potential for high returns. However, there is no guarantee of success. Investing in startups is always uncertain, and you might lose your money. Even though VC firms try to minimize risks, investing in startups is always uncertain, and you might lose your money.
What is the best country to set up a VC fund?
If you’re looking to set up a VC fund, many people think the United States has the best venture capital (VC) funds worldwide. This is because the US has a big economy, lots of money available, and many successful startups.
What cities have the most VC investments?
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.
What is the minimum amount for a VC fund?
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.
How do I choose a VC fund?
To choose a VC fund, check how much experience and success the venture capital firm has had before. Look at the companies they’ve invested in before to see if they match what your business does. This can help you figure out if they’re a good match for you.
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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