sam patrick posted an articleVentureSouth Named Top Ten see more
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VentureSouth announced that it has been recognized as one of the top 10 angel investment groups in North America for the 3rd time.
The ranking comes from the Angel Capital Association, which released its 2020 Angel Funders Report this week. VentureSouth was recognized in the study as a top 10 angel group based on both total investments (30) and capital deployed ($12.7M) in 2019. VentureSouth was also recognized as a top 10 group by the ACA in 2018 and by CB Insights in 2014.
The Angel Capital Association is the largest association of angel groups in the world, with more than 250 angel groups and other early stage investors with over 14,000 members. Its members include many of the leading angel groups in the world.
VentureSouth was listed in this year’s top 10 alongside some of the largest and most well-respected angel groups in the US and Canada, including Tech Coast Angels in California and New York Angels and Golden Seeds in New York.
VentureSouth Managing Director Paul Clark commented: “We are honored to be recognized again as a top 10 angel group by the ACA and are proud that the repeat award recognizes our continued growth and the consistency of our approach to early-stage investing. We appreciate our highly engaged investors who are helping us accelerate investments in promising ventures across the Southeast.”
To learn more about VentureSouth, visit https://venturesouth.vc.
sam patrick posted an articleGood news for investment opportunities in the Palmetto State see more
South Carolina’s General Assembly renewed the 2013 High Growth Small Business Job Creation or “Angel Investor” Act earlier this week until 2025.
The act offers tax credits of up to 35% of the investment to start-up investors, according to a recent announcement from the S.C. State Secretary Mark Hammond. Hammond’s office, which approves all businesses for the program.
“Since the High Growth Small Business Job Creation Act originally passed, nearly 300 companies have registered as qualified businesses, with over 90 registered at the end of 2019,” Hammond, said in the release. “Furthermore, these qualified businesses have reported creating over 1,200 full-time, part-time and temporary jobs. I am thrilled that our state has continued this program that promotes innovation and entrepreneurship, especially during this time of economic uncertainty.”
Qualifying businesses must be a corporation, limited liability company, general or limited partnership headquartered in South Carolina with 25 or fewer employees and a gross income of $2 million or less, according to the release.
Program preference is extended to certain types of enterprises within the manufacturing, processing, warehousing, wholesaling, software development, information technology service, research and development, and health care sectors.