SC Angel Network Reports Record Investment in 2015 Year

SCAN-logoThe SC Angel Network, with Palmetto Angel Fund, invested a record $3.3 million in 15 companies, in 2015. Ten of the companies that received investments are located in South Carolina.

In addition to its increased investments, the SC Angel Network expanded from three groups to eight last year, with more than 220 members in networks operating out of Aiken, Anderson, Charleston, Columbia, Greenville, Rock Hill, Spartanburg and Asheville, NC.

The SC Angel Network anticipates adding additional groups in 2016 and offering workshops for entrepreneurs and investors that are focused on the intricacies associated with early stage capital formation.

The Council’s Capital Market Study, completed in 2013, recommended the passage of the angel tax credit for the state of South Carolina to help spur investments in seed, start-up or expansion ventures.