49SAF: Investing During COVID

Originally Posted Aug. 26, 2020


Need an investor? Looking to start or build your business? Looking for a $10,000 - $100,000 match for your business? The 49th State Angel Fund might be the answer for you.


"The 49th State Angel Fund is launching the 49SAF Co-investment Fund for Alaska businesses. Companies must be based in Alaska to apply, though other requirements and criteria exist (see below).

The 49SAF Co-investment Fund is a dollar-for-dollar fund: 49SAF will match new cash equity (or equity-like) investment into any Alaska company up to $25,000, near-automatically. Recognizing the lack of diversity in our portfolio, 49SAF has carved out half of this effort’s total capital to create the Building Equity Co-investment Fund to prioritize applications from businesses owned by Black, Indigenous and People of Color (“BIPOC”)."


While 49SAF is focusing on building Equity among Alaskan businesses reserving half of their funds for BIPOC, all business owners are eligible to apply.


For more information check out their website at https://www.49saf.com/apply

 

To find out more about the fund details check out this site: https://static1.squarespace.com/static/5d4a0a95f90bc0000196bbde/t/5ef0e7e4111d8b591962af44/1592846312021/CoInvestment+Details+Final+v4.pdf


FAQs: https://static1.squarespace.com/static/5d4a0a95f90bc0000196bbde/t/5f2df3c79fa85c6a22b281a4/1596847049903/CoInvestment+FAQs.pdf


To Apply:

https://49thstateangelfund.submittable.com/submit

If you have any questions, e-mail 49SAF Director Joe Morrison: That’s joe.morrison (AT) anchorageak.gov or call 907.343.4898.

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