High Country Impact Fund
High Country Impact Fund (Fund) is a microventure fund formed in Boone, NC, 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 its region of North Carolina. The Ascent Business Network is partnering with ACG and the AAIN to bring their proven methodology for establishing strong community and regional angel funds to the area. The fund is founded by Chris Grasinger and a team of investors in the area that all want to capture businesses coming out of Appalachian State University and other regional schools of other higher education.
The Fund is designed to deliver angel capital industry sized financial returns to its investors, create good, high-paying jobs and establish access to emerging sector opportunities throughout the region. The Fund is initially capitalized at $500,000, but will continue to raise funds until $1M is reached or the fund is fully invested. The Fund plans to typically invest $35k-$100k at the seed 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, university leadership, etc.
If you wish to attend one of HCIF’s monthly meetings or join the Chapter, please contact Chris Grasinger.
If you wish to apply for funding, please apply at HCIF Application.