Angel Capital Group Partners with Veteran Ventures Capital

Veteran Ventures Capital has officially begun fundraising efforts to help veteran-affiliated companies
within the region become even more of a success story.

Veteran Ventures Fund I (Fund) is a microventure fund formed in Knoxville, TN, and a partner in the
Angel Capital Group and Appalachian Angel Investor Alliances, with assistance from the Appalachian
Regional Commission (ARC) , devoted to identifying high-growth ventures in Southern Appalachian
Region. The Fund is founded by Derren Burrell and a team of investors in the area that all want to
capture businesses created and led by veterans.

Research has shown the training received while in military service along with the innovative,
‘mission-accomplishment’ attitude of a veteran is perfect for entrepreneurship. 25% of all veterans
desire to start their own business when transitioning from the military . “When I transitioned 1 out of
the Air Force after 21 years as a financial manager, I experienced firsthand the challenge of raising
capital, and Veteran Ventures Capital seeks to bridge that gap,” says Derren.

The Fund is designed to deliver angel capital industry-sized financial returns to its investors, while, at
the same time create quality, high-paying jobs and establish access to emerging sector opportunities
throughout the Region. The Fund is initially capitalized at $1M, but will continue to raise funds until
$5M is reached or the Fund is fully invested. The Fund plans to typically invest $50k-$250k at the
early stage, where investors are actively involved with the founders to help them build successful
companies, and may provide larger follow-on investments.

The members of the Fund are a dynamic group of individuals with backgrounds from Software as a
Service (SaaS) to banking, real estate, economic development, national defense, university
leadership, etc.

If you wish to attend one of VVC’s monthly meetings or join the Chapter, please contact Derren
Burrell.

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