A new group of angel investors specifically focused on funding Charleston-based startups announced its official launch on Monday morning.
The Lowcountry Angel Network, an affiliate of the statewide South Carolina Angel Network, will hold the first of two meetings to recruit members on March 11 at Jericho Investors in West Ashley.
The group is seeking an array of partners, from novices to experienced investors, according to the announcement.
“As the entrepreneurial ecosystem in Charleston grows, we see increasing demand among potential investors for access to deal flow and structured investment processes,” said Josh Silverman, managing director of the Lowcountry Angel Network.
Charleston already has a handful of angel investor groups, including Silicon Harbor Ventures and Charleston Angel Partners. The Lowcountry Angel Network, with its ties to the statewide investor network, will work closely with similar angel groups in Columbia, Greenville, Spartanburg and Asheville.
The network has recruited 20 members across South Carolina and expects to grow to 50 investors by the end of the year.
“Charleston has one of the most dynamic and growing entrepreneurial ecosystems in our state, with many accomplished investors who are eager to help fund its growth,” said Paul Clark, co-director at SCAN. “We look forward to combining the angel investment infrastructure we have created across the state with the talented entrepreneurs here in the Lowcountry.”
Reach Abigail Darlington at 937-5906 and follow her on Twitter @A_Big_Gail