757 Angels and VentureSouth Announce Mega-Region Angel Group Partnership

NORFOLK, Va. and GREENVILLe, S.C., Nov. 22, 2022 /PRNewswire/ -- 757 Angels, named a "Top 3 Angel Network" by the Angel Capital Association (ACA), and VentureSouth, one of the largest angel investment groups in the United States, are excited to announce their partnership, effective June 2023. The partnership will provide Virginia entrepreneurs with increased access to capital and investors with increased benefits, including diversification, deal flow, professional diligence, and member networking.

With the addition of 757 Angels, the VentureSouth network will expand to its 20th Southeastern market, bringing the resources of a professionally led early-stage venture capital firm to local Hampton Roads investors. VentureSouth, with more than 450 members and more than $70M invested in nearly 100 early stage companies, has also been consistently recognized by the ACA as one of the top 10 groups in North America.

"The desirability of VentureSouth's model is that it follows a methodical and proven process that leverages the collective expertise of hundreds of investors who screen investment opportunities and conduct professional due diligence," said Monique Adams, Executive Director, 757 Angels. "Their highly professional and successful process will undoubtedly lead to the growth of Hampton Roads' already expanding entrepreneurship ecosystem."

Matt Dunbar, Co-Founder and Managing Director of VentureSouth, commented, "We are honored to align with one of the nation's strongest angel groups, and we are pleased to add VentureSouth representation in the growing Hampton Roads entrepreneurial ecosystem."

Dunbar noted that 757 Angels will retain its name and add "Powered by VentureSouth" to its logo. 757 Angels, Powered by VentureSouth, will continue to emphasize the importance of supporting local companies," he said. "The VentureSouth model allows the most promising local companies to gain access to a deep pool of capital and expertise through our broad investor network and affiliated funds."

Adams will be assisting with the transition through summer 2023 when she will be stepping back from her role to take some time to consider other opportunities in the ecosystem. A new Director position will be posted and filled at the appropriate time.

757 Angels seeks to catalyze the regional and statewide economy by supporting investment in early-stage companies. www.757angelsgroup.com

VentureSouth is an early-stage venture firm that provides capital and expertise to Southeastern startups through its angel investment network and affiliated funds. www.venturesouth.vc

SOURCE 757 Angels