SC Angel Network adds five groups during 2015, plans for more

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Groups within the South Carolina Angel Network invested a total of $3.3 million in 15 companies in 2015, including Kiyatec and Atlas Organics, and added five angel groups to the network during the year.

The early-stage capital investment group now includes 220 members across its eight angel groups, and is in “active discussions” to add two more, Upstate Carolina Angel Network Managing Director and S.C. Angel Network cofounder Matt Dunbar told Upstate Business Journal.

Dunbar said the $3.3 million sum was larger than in 2014, and said the additional angel groups meant access to more capital and expertise for the network. One of the potential additions for 2016 is a group in the Grand Strand area.

Founded in 2014, the S.C. Angel Network aims to create a more efficient market for early-stage capital in South Carolina, and now includes active angel investor networks in Aiken, Anderson, Asheville, Charleston, Columbia, Greenville, Rock Hill and Spartanburg.

The network also plans to offer educational workshops for entrepreneurs and investors in 2016.

“We remain very excited about the continuing growth of the startup ecosystem in South Carolina and we are proud to be a part of the transformation that’s taking place,” stated S.C. Angel Network Managing Director Charlie Banks, who co-founded the network with Paul Clark and Dunbar.

Dunbar declined to disclose the amount of investment in Greenville-based cancer diagnostics firm Kiyatec or Spartanburg-based organic food recycler Atlas Organics.

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