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North Alabama Establishes Micro Venture Fund

November 19, 2015

Angel Capital Group, a leading national angel investor network, is proud to announce a new micro venture investment fund in North Alabama (http://www.theangelcapitalgroup.com/locations/florence/). The MCF will target capital investments ranging from $1 mil to $5 mil for local, regional, and national startups. Giles McDaniel, Executive Director of the Shoals Entrepreneurial Center is the General Manager of the fund.

The Shoals Entrepreneurial Center led the effort to establish this fund through a grant provided by the Alabama Department of Economic and Community Affairs and the Appalachian Regional Commission. The University of North Alabama College of Business played an instrumental role in building awareness and generating interest for the development of the North Alabama fund.

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