Industries:
Energy
Information Technology
Renewable Energy
Investor Types:
Fund Of Funds
Angel Group
Investment Stages:
Location: Anchorage, Alaska, United States
The 49th State Angel Fund is an investment fund that indirectly invests in Alaskan businesses. Started in 2012 by a $13.2 million allocation from US Department of Treasury`s State Small Business Credit Initiative, 49SAF is a venture capital function run by the Municipality of Anchorage. They work with Partner Funds to provide a dollar for
dollar, private to public funding match for investments. Fund managers in turn provide managerial and entrepreneurial expertise to their investees, creating economic benefit for the citizens of Anchorage.