Skip to main content

Swamp Rabbit Angels target investment “dead zone”

By January 26, 2015February 18th, 2020No Comments




A new group of investors plans to bring life to a “dead zone” area for business capital in the state. Swamp Rabbit Angels (SRA) will make investments between $25,000 and $250,000, and provide mentoring and back-office support to give growing startups a boost, said SRA founder Jason Premo, former CEO of ADEX Machining Technologies.

Premo said “kindling wood” is a good analogy to describe how the funds will help get companies up and running. He said average investments will be $100,000 but will go up to $250,000.

The fund targets diverse industries such as high-tech software, consumer products and engineering, and even some services, Premo said. However, like other investor groups in the state, the emphasis is on technology companies with a high likelihood of making an exit within three to five years.

The portfolio so far includes Aetho, a Charleston company that developed a stabilizer for GoPro handheld cameras popular with do-it-yourself filmmakers. That company closed its first round of funding last week.

Premo described the as endeavor as a “stealth” angel fund doing seed investing in a private setting. He said SRA investors are not dues-paying club members. Some, however, will want to be discreet, as will some of the companies receiving funds.


To read more please click here