DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Venturesouth Funds
Venturesouth Funds
VentureSouth is an early-stage venture firm that provides capital and expertise to Southeastern startups through our angel investment network and funds.
name or self-description says syndicate platform
Importance
24
moderate
Active deployment
55
elevated
Emerging
0
low
Completeness
75
high
Freshness
100
high
Research priority
17
moderate
Identity and regulatory footprint
- Headquarters
- Greenville, SCadviserinfo.sec.gov
- Office address
- 319 GARLINGTON ROAD SUITE, SUITE A2, Greenville, SC, 29615adviserinfo.sec.gov
- Business phone
- 864-908-0086adviserinfo.sec.gov
- Website
- https://venturesouth.vc
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Feb 14, 2024
- Private funds reported
- 7 (7 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $21.4Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 864-908-0086adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
16 observed deals
Stated (the firm’s website)
- Sectors
- edtech
- Stages
- early
- Geography
- north carolina, southeast
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- syndicate platform
Observed (from deals on record)
Stage at participation
seed 100%
Stage at first entry
seed 100%
Sectors
unknown 88%Other Technology 6%Other Health Care 6%
lead rate 0%follow-on rate 0%new logos, 12 months 16
Funds and vehicles
8 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Venturesouth Angel Fund VI LP | Seed fund | 2024 form d first sale | Early deployment | $830,000 Feb 14, 2024 | 23 | $580,000 of $10.0M | Jan 17, 2024 |
| Venturesouth Mallard Fund | Fund | 2022 form d first sale | Active deployment | $7.4M Feb 14, 2024 | 24 | $7.3M of $25.0M | Jul 20, 2022 |
| Venturesouth Angel Fund V LP | Seed fund | 2022 form d first sale | Active deployment | $3.2M Feb 14, 2024 | 69 | $1.1M of $10.0M | Jan 31, 2022 |
| Venturesouth Angel Fund II LP | Seed fund | 2021 adv first reported | Mature | $1.6M Feb 14, 2024 | 51 | unknown | unknown |
| Venturesouth Angel Fund IV LP | Seed fund | 2020 form d first sale | Mature | $4.0M Feb 14, 2024 | 82 | $1.9M of $10.0M | Jun 25, 2020 |
| Venturesouth Angel Fund III LP | Seed fund | 2019 form d first sale | Mature | $3.3M Feb 14, 2024 | 84 | $1.2M of $5.0M | Jan 15, 2019 |
| Venturesouth Angel Fund I LP | Seed fund | unknown | Unknown | $989,959 Feb 14, 2024 | 51 | $0 of $5.0M | Apr 21, 2014 |
| Upstate Upstarts Fund | Fund | unknown | Unknown | unknown | unknown | $0 | Jul 19, 2024 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
3 current, 0 departed
Leon Charles Banks
PartnerManager · since Jan 1, 2014
Paul Jonathan Clark
PartnerManager · since Jan 1, 2014
Raymond Matthew Dunbar
PartnerManager · since Jan 1, 2014
Investments on record
16 edges, 16 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
14 relationships from shared deals, counted for the whole firm
Village Global Management, L.L.C. 1 shared · one timeFika Ventures 1 shared · one timeHack Vc Management, LLC 1 shared · one timeTrue Ventures 1 shared · one timeFusion Fund Silicon Valley LLC 1 shared · one timeSolas Bioventures Management, LLC 1 shared · one timeBlackbird Ventures Pty Ltd. 1 shared · one timeGalvez Capital, LLC 1 shared · one timeWSC & Company, LLC 1 shared · one timeCNK Equity Partners I, LLC 1 shared · one timeLaunchTN 1 shared · one timeMarket Square Ventures 1 shared · one timeDogwood Ventures 1 shared · one time · they led 1Service Provider Capital 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
23 dated events
- Sep 16, 2026Vicinityventures no longer listed on Venturesouth Funds's portfolio pageRemoved from portfolio pagePortfolioInferenceVicinityventuresVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026biospatial, Inc. no longer listed on Venturesouth Funds's portfolio pageRemoved from portfolio pagePortfolioInferencebiospatial, Inc.Venture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Wraltechwire no longer listed on Venturesouth Funds's portfolio pageRemoved from portfolio pagePortfolioInferenceWraltechwireVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026baebies inc. no longer listed on Venturesouth Funds's portfolio pageRemoved from portfolio pagePortfolioInferencebaebies inc.Venture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Babylon no longer listed on Venturesouth Funds's portfolio pageRemoved from portfolio pagePortfolioInferenceBabylonVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Atticus no longer listed on Venturesouth Funds's portfolio pageRemoved from portfolio pagePortfolioInferenceAtticusVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Approvepayments no longer listed on Venturesouth Funds's portfolio pageRemoved from portfolio pagePortfolioInferenceApprovepaymentsVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Amplifiedaginc no longer listed on Venturesouth Funds's portfolio pageRemoved from portfolio pagePortfolioInferenceAmplifiedagincVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Altis no longer listed on Venturesouth Funds's portfolio pageRemoved from portfolio pagePortfolioInferenceAltisVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Alita no longer listed on Venturesouth Funds's portfolio pageRemoved from portfolio pagePortfolioInferenceAlitaVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Agtechinventures no longer listed on Venturesouth Funds's portfolio pageRemoved from portfolio pagePortfolioInferenceAgtechinventuresVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Adovate no longer listed on Venturesouth Funds's portfolio pageRemoved from portfolio pagePortfolioInferenceAdovateVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Walkabouts no longer listed on Venturesouth Funds's portfolio pageRemoved from portfolio pagePortfolioInferenceWalkaboutsVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 20266amcity no longer listed on Venturesouth Funds's portfolio pageRemoved from portfolio pagePortfolioInference6amcityVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 13, 2026Venturesouth Funds: MICRO_VC -> SYNDICATE_PLATFORM (name or self-description says syndicate platform)Classification changedClassificationInferenceno URL
- Feb 14, 2024Venturesouth Angel Fund VI LP first reported on Form ADV by Venturesouth Funds (Venture Capital Fund), GAV $830,000Fund first reported on Form ADVFundsFactVenturesouth Angel Fund VI LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 6, 2023Venturesouth Mallard Fund first reported on Form ADV by Venturesouth Funds (Venture Capital Fund), GAV $7,373,000Fund first reported on Form ADVFundsFactVenturesouth Mallard FundSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 17, 2022Venturesouth Angel Fund V LP first reported on Form ADV by Venturesouth Funds (Venture Capital Fund), GAV $1,500,000Fund first reported on Form ADVFundsFactVenturesouth Angel Fund V LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 5, 2021Venturesouth Angel Fund II LP first reported on Form ADV by Venturesouth Funds (Venture Capital Fund), GAV $2,466,252Fund first reported on Form ADVFundsFactVenturesouth Angel Fund II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jul 21, 2020Venturesouth Funds first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jul 21, 2020Venturesouth Angel Fund IV LP first reported on Form ADV by Venturesouth Funds (Venture Capital Fund), GAV $2,402,667Fund first reported on Form ADVFundsFactVenturesouth Angel Fund IV LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jul 21, 2020Venturesouth Angel Fund III LP first reported on Form ADV by Venturesouth Funds (Venture Capital Fund), GAV $4,500,000Fund first reported on Form ADVFundsFactVenturesouth Angel Fund III LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jul 21, 2020Venturesouth Angel Fund I LP first reported on Form ADV by Venturesouth Funds (Venture Capital Fund), GAV $1,064,903Fund first reported on Form ADVFundsFactVenturesouth Angel Fund I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 14, 2026Syndicate platform (probable, 80%, cls-1)name or self-description says syndicate platform
- Sep 12, 2026Micro VC (probable, 80%, cls-1)venture manager, reported GAV $21.4M across 8 vehicles
- Sep 12, 2026Micro VC (probable, 80%, cls-1)venture manager, reported GAV $21.4M across 7 vehicles
Evidence
33 observations from 2 sources