VC  The Southern Appalachian Fund

http://www.southappfund.com





     Office Locations:

P.O. Box 1738
362 Old Whitley Road
London, KY 40743-1738
Phone: 606-864-5175
Fax: 606-864-5194

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Stages:

  • Early
  • Expansion


 

Industries:

  • Information Technology
  • Manufacturing & Industrial
  • Software & Internet

  •  

    Description:

    The Southern Appalachian Fund (SAF) is a $12.5 million venture capital fund formed to provide equity capital and operational assistance to qualifying businesses in southern Appalachia. The Fund focuses specifically on early and expansion stage companies in Kentucky, Tennessee, and the Appalachian counties of Georgia, Alabama, and Mississippi. The Fund is one of six New Markets Venture Capital (NMVC) Companies in the United States. The NMVC Program is a developmental venture capital program designed to promote economic development and the creation of wealth and job opportunities in low-income geographic areas and among individuals living in such areas. SAF's mission is to generate market-rate returns for its investors while promoting shared and sustainable business growth and wealth creation throughout its target region. The Fund invests $200,000 - $600,000 in companies with strong management teams, high growth potential, and defensible market positions. SAF has a broad industry focus that includes manufacturing, technology, and software. Additional assistance includes operational assistance, active board participation, and mentoring. The Fund is currently fully invested and is not seeking new investment opportunities.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Brenda McDaniel Chief Financial Officer
    Grady Vanderhoofven Executive Vice-President
    Melissa Muendel Director of Operational Assistance Program
    Ray Moncrief President

     

    Portfolio companies include:


      Internap
        web link


      NuMarkets
        web link


      Protein Discovery
        web link


      Rivermine
        web link


      SemiSouth
        web link


      SmartFurniture
        web link


      Tier1 Performance Solutions
        web link


      Tricycle
        web link


     

    Recent News:


      There is no recent news for The Southern Appalachian Fund.