TLDR:
- Atlanta-based Sovereign’s Capital closed its largest venture capital fund to date with over $60 million in committed capital.
- Triangle Tweener Fund in North Carolina announced its Q2 investments, totaling $804k in 15 Triangle Startups.
The article discusses the recent fundraising and investment activities in the startup ecosystem in the South. Atlanta-based Sovereign’s Capital closed its largest venture capital fund, Venture Capital Fund IV, LP, with over $60 million in committed capital. This fund is dedicated to early-stage technology startups and managed over $780 million in assets across five asset classes. Additionally, Triangle Tweener Fund in North Carolina announced its Q2 investments, totaling $804k in 15 Triangle Startups, including new companies like LoanWell, Plantd, and Murphy’s Naturals.
Other key developments include Atlanta-based Sparq acquiring North Carolina-based Kingsmen Software, Switchyards announcing the location of its first Outside The Perimeter club in Roswell, and Roots securing a near record $6.7M in quarterly investment for its affordable workforce housing REIT. Overall, these activities demonstrate the continued growth and investment in the startup ecosystem in the South.
