Triangle Business Journal: Big-name Triangle investors flock to new Cofounders Capital fund

Lewis Sheats, associate professor of practice, assistant vice provost for entrepreneurship, and executive director, NC State Entrepreneurship Clinic shared his expertise with the Triangle Business Journal in an article entitled, “Big-name Triangle investors flock to new Cofounders Capital fund.”

Well-known investors from across the Triangle are participating in a new fund that, if serial entrepreneur David Gardner has his way, “will be one of the largest venture funds in the Southeast.”

Fund II for Cary-based Cofounders Capital has $20.5 million from 75 investors in its coffers right now, according to a securities filing. And the filing caps the round at $50 million.

Fund II, like the Cofounders I that Gardner raised in 2015, could fuel seed-stage technology startups, up to $500,000 apiece. But, unlike Gardner’s first raise, it could also fuel follow-on investments. He envisions potentially allocating up to $2 million toward a portfolio firm’s Series A round. And to do it, he’s adding expertise, partnering with seasoned investors such as Aurora Funds’ Scott Albert, angel investor Alex Osadzinski and others. Read the full article at bizjournals.com