This article showcases our top picks for the best South Carolina based Venture Capital companies. These startups and companies are taking a variety of approaches to innovating the Venture Capital industry, but are all exceptional startups and companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top South Carolina Venture Capital Companies
Good Growth Capital
Good Growth Capital (GGC) is an early stage venture capital firm known for its exceptional expertise in finding, cultivating and assessing complex science and deep-tech start-ups. The team of five Managing Partners are experienced operators having been entrepreneurs starting 18 companies.
The team’s strong capacity for understanding early stage science and technology investments enables GGC to invest well at an earlier stage than most venture capital firms, giving priority access to high-performing investment opportunities. GGC invests in seed stage and Series A deals through the General Fund family and in pre-seed and seed stage companies through the Infinite Corridor Fund, which primarily targets MIT-affiliated and transformative science start-ups.
GGC is majority women- and minority-owned and is uniquely positioned geographically in both the Southeast and New England.. .
A & S Management
Their investors get their money first and they collect from their clients. They have the cash on hand to make sure that they can guarantee their investors their money.
This way they hope to get investors to keep investing with us over several deals. They also have a Promissory Note and a UCC filing on each client.
They are NOT a merchant cash advance company. Below is a list of notes that they have concluded their due diligence on and are awaiting funding: OPLIS Financial: Client is requesting $625,000 for buying an office building.
Note is for 7 years at 10% interest and secured by the real estate and 5% equity. Investor(s) will receive 8% interest with principal and interest payments spread over 7 years.
Village Car Care: Client is requesting $100,000 for working capital. Note is for 2 years at 12% interest and secured with 5% equity.
Investor(s) will receive 10% interest with principal and interest payments spread over 2 years. Cash Doctors: Client is requesting $1,000,000 for expansion.
We are looking to raise $450,000 to grow our existing stores to directly compete and surpass our largest competitor. We are offering 25% equity for the investment based on the percentage of $450,000 invested.
For example: $4,500 investment equals 0.25% equity. Earnings will be paid January 15th of year based on the financials for the previous year.
With the $450,000 investment our expected earnings will be $1,000,000 annually which will return the investor $2,500 perpetually.. .
They are raising $700,000 in equity and/or debt financing to start another division of their company. They currently operate 4 brick and mortar installment loan stores in the state of South Carolina.
The $700,000 will enable us to start offering their product via the internet. By moving to the internet they will be able to reduce their overhead and strengthen their bottom line profits.
The future of lending is migrating towards online lending. Several online lenders have merged just in the past 24 months and are now projecting $400 to $500 million in revenue for 2015.
Others that were started were sold at 10 times the annual revenue after just 24 months of operation. The $700,000 investment as equity will equate to 1% per $20,000 invested up to 35% and the debt financing will be paid back over 36 months at 24% interest.
Equity holders will receive an annual dividend payment based on equity percentage owned. The future of lending is migrating towards online.
The market for online lending in 2013 was $500 million, in 2014 the market jumped to $3.6 billion and in 2015 is $9 billion. They do not want miss the boat on this growing market..
Merchant America, LLC. provide businesses the most innovative & competitive merchant account program available in the electronic payments industry.
As the Exclusive provider of the “Cash Back” Merchant Account Program, businesses that accept electronic payments (e.g.credit & debit card processing, EBT, check conversion, gift & loyalty cards, online processing, mobile processing, EMV equipment, and much more.) can reduce their monthly merchant account fees PLUS receive a cash rebate every month equal to 25% of the monthly “agent commission” volume (MACV) generated from their account.. .
This article was written by David Friedmman from Welp Magazine. The editor for this article was Tess Page. If your company is featured in this article and you want to have amendments made please contact us on: [email protected].
Alternatively you may write to us at: Welp Magazine/Fupping Ltd, First Floor, 61-63 Rochester Pl, London NW1 9JU.