North Carolina Venture Capital Multiplier Fund: A Catalyst for Growth

The North Carolina Venture Capital Multiplier Fund is a game-changer for the state's startup ecosystem. With a focus on investing in early-stage companies, it provides the necessary capital for them to scale and grow.

The fund's investment strategy is designed to be flexible, allowing it to support a wide range of industries and companies. This approach helps to foster innovation and entrepreneurship across the state.

By providing critical funding to startups, the North Carolina Venture Capital Multiplier Fund helps to create jobs and stimulate economic growth. This is especially important in regions where access to capital can be limited.

The fund's impact is already being felt, with numerous companies receiving investments and experiencing significant growth as a result.

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The North Carolina Venture Capital Multiplier Fund (VCMF) has a total of $60 million in capital, with a portion committed to Hatteras' Fund 5.

Most of the fund is allocated to co-investments in North Carolina Nexus companies, which are defined as those that would initiate, expand, or restructure significant operations in NC as a result of investment.

Hatteras has retained Charles Merritt as a special advisor to oversee the effort to identify and develop co-investment relationships with other venture capital firms and early stage investors.

The VCMF is managed by Durham-based Hatteras Venture Partners, which has a long and successful track record investing in high quality North Carolina companies.

Since its inception in 2000, Hatteras Venture Partners has invested in 22 private companies either headquartered in or with substantial operations in North Carolina.

Hatteras has invested in a total of about 58 companies so far, with investment exceeding $85 million, which has leveraged over $700 million of total investment in these companies by Hatteras and its many co-investors.

The North Carolina Venture Capital Multiplier Fund, managed by Hatteras Venture Partners, has launched with $60 million in capital. This fund is a significant investment in the state's venture capital ecosystem.

Hatteras has committed a portion of the fund's capital to its own Fund 5, which closed in January with $150 million. The rest of the fund is allocated to co-investments in North Carolina Nexus companies.

To qualify as a North Carolina Nexus company, a business must initiate, expand, or restructure significant operations in the state as a result of investment. This is a key factor in determining which companies will receive funding from the VCMF.

Hatteras has a long history of investing in successful North Carolina companies, with a track record of 22 private companies invested in since its inception in 2000. The firm has invested over $85 million in these companies, which has leveraged a total of over $700 million in investment from Hatteras and its co-investors.