Alabama Futures Fund
Investment Details
Investor Type
Venture Capital
Asset Class Focus
Venture Capital
Stage Focus
Seed, Early Stage
Geographical Focus
United States
Industries Focus
- Financial Services
- Technology
- Healthcare
- Energy
- Consumer Goods
- Real Estate
- Telecommunications
- Media
- Retail
- Education
- Agriculture
- Logistics
- Transportation
- Manufacturing
- Entertainment
Investment Size:
1,000,000 to 5,000,000 USD
Investor Details Founded: 2018
Alabama Futures Fund is a seed-stage venture capital fund dedicated to fostering entrepreneurial activity and economic development within Alabama. The fund seeks to be the first significant investment in early-stage ventures, aiming to help companies reach attainable milestones leading to Series A financing within 12-24 months. Their investment focus includes companies at the pre-product, minimum viable product, and early revenue stages, with a preference for adaptable and coachable founding teams.
The fund evaluates opportunities based on four key criteria: progress and traction to date, uses of capital and defined milestones, the founding team's experience and coachability, and the idea's market size and potential. This comprehensive evaluation process ensures that investments align with the fund's mission to support high-growth potential companies in large total addressable markets.
Since its inception, Alabama Futures Fund has made several investments, including a notable investment in Allison Fintech Co, Inc., a Banking-as-a-Service platform, and Sequense Corporation, a workflow automation software platform for travel advisors. These investments reflect the fund's commitment to supporting innovative companies that contribute to Alabama's growing startup ecosystem.
Requirements
- Companies headquartered in or willing to relocate to Alabama
- High growth potential
- Coachable and adaptable founding teams
- Focus on large total addressable markets
Contact
[Official Website Hidden]
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Portfolio Companies
- Allison Fintech Co, Inc.
- Sequense Corporation
Mentioned In
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$24.95
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$49.95
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$14.95
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$19.95
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$24.95
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$95.00
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