49th State Angel Fund

Overview

49th State Angel Fund (49SAF) is a fund-of-funds established to support Alaskan entrepreneurs by providing matching equity investments. The fund collaborates with private investors to match their investments dollar-for-dollar, ranging from $10,000 to $400,000, in qualifying Alaskan companies. This initiative aims to stimulate economic development and job creation within the state. The fund primarily focuses on early-stage companies in sectors such as energy, information technology, and renewable energy. By partnering with private investors, 49SAF enhances the availability of capital for startups and growth-stage businesses in Alaska. The fund's strategy includes evaluating existing investors and investment terms to ensure long-term business success and compliance with federal guidelines. Since its inception, 49SAF has been instrumental in fostering a vibrant entrepreneurial ecosystem in Alaska. Through its co-investment fund, it has facilitated numerous investments, contributing to the growth and diversification of the state's economy. The fund continues to play a pivotal role in connecting entrepreneurs with the resources and expertise needed to succeed in the competitive business landscape.

Investment Focus

• Must be based in Alaska or have a significant economic impact on Alaska
• Dollar-for-dollar private cash equity (or equity-like) new investment required
• Investment matches range between $10,000 and $400,000 for qualifying companies applying for our investment match