Details

Industries

Finance,Financial Services,Venture Capital

Founded date

Feb 14, 2012

Number Of Employee

1 - 10

Operating Status

Active

Investor Type

Fund of Funds,Government Office,MVC,Venture Capital

The 49th State Angel Fund is an investment fund that indirectly invests in Alaskan businesses. Started in 2012 by a $13.2 million allocation from US Department of Treasury's State Small Business Credit Initiative, 49SAF is a venture capital function run by the Municipality of Anchorage. They work with Partner Funds to provide a dollar for dollar, private to public funding match for investments. Fund managers in turn provide managerial and entrepreneurial expertise to their investees, creating economic benefit for the citizens of Anchorage.