VENTURESOUTH ANGEL FUND VII

The VentureSouth Angel Fund VII is open to investors.

The strategy and investment decisions of the fund will mirror Fund VI:

• A “venture capital” strategy of investing in ~20 southeastern-based, technology-based startups.

• Fund is “triggered” if 10 or more members invest $100,000 or more through VentureSouth.

• Overall supervision by the Vicinity Ventures team, with occasional possible veto if a specific investment does not fit the fund thesis.

SIGN UP

To invest in the fund, please complete the admission document available in the Vicinity Ventures platform. The offering page is here.

Please review the PPM and other official materials for the fund, particularly the “risks” and other important disclosures, before making an investment.

STRATEGY

The fund will invest in approximately 20 early-stage companies in the Southeast. It invests in any industry but is focused on manufacturing, logistics, and healthcare businesses in order to leverage the combined expertise of our group’s angel investors.

The fund will invest up to a 125% match if $100,000 or more is invested by 10 or more VentureSouth members.

If you have questions about the Fund, please reach out to Vicinity Ventures Managing Director, Paul Clark, at paul@venturesouth.vc

DOCUMENTATION

Please click on the links below to view the key legal documents for the fund:

• PPM (Private Placement Memorandum)

• Deal Room in Vicinity Ventures

• You can review reports from the prior funds here

• Admission Agreement: Please invest through the Vicinity Ventures platform link

• Marketing materials: One Page Overview and Investor Presentation

STRUCTURE

Prior sidecar funds were separate Limited Partnerships, each with their own separate entity.

For fund VII, we are instead creating a new “fund series” inside VentureSouth Vicinity 1 (the current member investment entity).

This should have few implications for investors (there are no changes to the investment thesis, trigger mechanism, etc.), except that it will result in one less K-1 (if you are already a member of the current member investment entity) and, hopefully, easier administration.

To reflect this, the fees on the fund differ from prior funds — and in particular the annual management fee has been reduced a one-off “enrollment” fee of 5% of committed capital at the time of investment.