The Southern Appalachian Fund

investment firm

About

The Southern Appalachian Fund is a $12.5M venture capital fund formed to provide equity capital & operational assistance to businesses.

Details

Industries
Finance,Financial Services,Venture Capital
Operating Status
Active
Investor Type
Venture Capital

The Southern Appalachian Fund (SAF) is a $12.5M venture capital fund formed to provide equity capital and operational assistance to qualifying businesses in southern Appalachia. The Fund focuses specifically on companies in Tennessee, Kentucky, and the Appalachian counties of Georgia, Alabama, and Mississippi.

The Southern Appalachian 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. To learn more about the New Markets Venture Capital program, go to Click Here. The Fund's investors include a number of institutional investors, and the Fund has access to debt guaranteed by the United States Small Business Administration (SBA).

The Fund'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. The Fund Managers also work to add value to the Fund's portfolio companies through operational assistance, active board participation, and mentoring.

Note: The Southern Appalachian Fund is fully invested and is not seeking new investment opportunities.

Investments

Number of Investments
Number of Lead Investments
8
1
The Southern Appalachian Fund has made 8 investments. Their most recent investment was on Jan 1, 2009, when Tricycle raised 0.
Date Company Name
Round Money Raised Industry Lead Investor
Jan 1, 2009 Tricycle
Series B SaaS
Mar 24, 2008 Protein Discovery
Series C $10M Biotechnology
Series A $5M Electronics
Series A $750K Information Technology
Series A Electronics

Employee Profiles

Number of Employee Profiles
5
The Southern Appalachian Fund has 5 current employee profiles, including Executive Ray Moncrief
Executive
Board member
Executive
Board member
Executive

Exits

The Southern Appalachian Fund has had 3 exits. The Southern Appalachian Fund most notable exits include Tricycle ,   Protein Discovery

Date Company Name Exit Type Industry
Oct 12, 2017 Tricycle M&A SaaS Detail
Nov 28, 2011 Protein Discovery M&A Biotechnology Detail
May 22, 2006 Eonstreams M&A Infrastructure Detail