South Coast Angel Fund II Launches

southcoastangelfundNew Orleans, La.-based South Coast Capital Management announced the launch of its second vehicle.

South Coast Angel Fund II plans to open with $4m in committed-capital to invest such areas as bio-tech, industrial technology, advanced manufacturing, defense, water management, off-shore, arts and culture and education technology.
Each investment will be between $150k and $500k directly, with the ability to be syndicate with other angel groups for up to approximately $1m in total capital.

Led by Jon Atkinson and Choose Taurman, South Coast Angel Fund is a member-managed angel capital vehicle that has already invested in multiple entrepreneurial, early-stage companies in Louisiana and the Gulf Coast community.

South Coast Angel Fund I has 43 members and has deployed capital to 5 companies regionally.

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