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An angel investor network is moving aggressively into Charlotte

Charlie Banks
Charlie Banks
Last updated: January 17, 2024
Venture south fallback

A consortium of angel investor groups in South Carolina is expanding and rebranding — and is now going to invest in Charlotte-area companies.

The South Carolina Angel Network — already one of the largest angel investor networks in the country — announced late last week that it has launched a new organization, VentureSouth, as it grows to more places in the Southeast.

Right now, they manage angel groups inGreenville, Columbia, Spartanburg, Anderson, Aiken, Rock Hill,
Myrtle Beach, and Charleston in South Carolina, as well as one in Asheville.

Next on the list: Charlotte.

Charlotte could end up being one of VentureSouth’s best markets.

The plan is to spend the next few months meeting with the core group of investors they’ve identified in Charlotte — then to recruit some more, VentureSouth managing director Charlie Banks said.

“We believe Charlotte has the potential to be our largest group within the VentureSouth affiliates and are very excited to be in that market,” Banks said.

They’ve brought on one of Charlotte’s top startup minds.

Mac Lackey has joined VentureSouth as a managing director. His most recent position has been as CEO of soccer site KYCK but he’s built and sold 5 companies in his career and raised more than $75 million in funding.

Lackey said raising money is still a little difficult in Charlotte but that this organization should be “catalytic.”

To view this article on the Charlotte Agenda, please click here.