VC  Alabama Futures Fund

https://alabamafuturesfund.com/





     Office Locations:

Birmingham, AL

 

Stages:

  • Early
  • Seed


 

Industries:

  • Information Technology
  • Software & Internet

  •  

    Description:

    The Alabama Futures Fund (AFF) is a seed and early-stage venture capital fund focused on supporting and growing entrepreneurial activity and economic development in Alabama. The firm seeks to be the first significant investment in early-stage companies that can reach attainable milestones leading to series A financing within 12-24 months. AFF invests in companies that have adaptable and coachable founding teams who have identified a significant customer problem and are working towards product market fit. This includes companies at the minimum viable product, pre-revenue and early revenue stages. The AFF will only invest in companies that are headquartered in, or willing to relocate to Alabama.


     

    Funds:


      Fund Name


      Amount


      Date

    Get funds under management for this firm including Fund name, Dollar size of fund raise, and Vintage with a National Database subscription.



    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:



     

    Recent Funding Events (trailing 12 months):


      Date


      Name


      State


      Amount


      Stage


      09/20/2023


      HealNow


      NY


      $5,500,000


      Seed


      08/29/2023


      Sequense


      TX


      undisclosed


      Venture


     

    Portfolio companies include:


      Alabama Futures Fund
        web link


      HealNow
        web link


      Kaya Care
        web link


      Sequense
        web link


     

    Recent News: