Nashville Capital Network announced today the launch of NCN Angel Fund II, LP. This is the second angel co-investment fund raised by Nashville Capital Network and one of the larger funds of its kind in the country. The $10 million fundraising target was oversubscribed by more than $1 million, bringing the total fund size above $11 million. More than 80 investors are participating in the partnership, growing NCN’s angel roster to 120 unique investors. Angel investors are high net worth individuals who typically take an active role in the companies in which they invest.
NCN Angel Fund II will invest in twelve to fifteen early stage companies alongside the individual angel investors in the group; most of whom are successful entrepreneurs themselves. These individuals will work with NCN to evaluate the opportunities, serve on the board of directors, and provide guidance to the entrepreneurs. Based on the historical co-investment activity of the angels in the group, the new fund and its investors could provide up to $20-25 million of capital for local early stage companies.
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