49th State Angel Fund

The 49th State Angel Fund is a government venture capital fund based in Anchorage, Alaska, established in 2012 through a $13.2 million allocation from the U.S. Treasury's State Small Business Credit Initiative. The fund focuses on making direct and indirect investments in Alaskan businesses, aiming to support high-growth enterprises and promote entrepreneurship and innovation within the state. By partnering with other funds, 49SAF offers a dollar-for-dollar match for investments, combining public and private capital to enhance funding opportunities. Additionally, the fund's managers provide essential managerial and entrepreneurial expertise to their investees, contributing to economic development and job creation for the citizens of Anchorage.

Melanie Lucas-Conwell

Director

Calvin Chang

Director

28 past transactions

60Hertz

Convertible Note in 2024
60Hertz Inc is a software company that specializes in developing a computerized maintenance management system (CMMS) tailored for power plant operators and distributed energy resources, including microgrids and large-scale solar and battery storage systems. Founded in 2016 and based in Anchorage, Alaska, the company’s mobile application facilitates daily operations and maintenance tasks by offering features such as preventive and predictive maintenance planning, work order management, and performance visibility for project owners and fleet managers. The software enhances operator efficiency by providing custom maintenance checklists and integrating with monitoring platforms to create smart work orders. Additionally, 60Hertz's application supports offline functionality and allows for the validation of task completion through photo uploads, thus streamlining operations and reducing costs associated with training and diesel consumption.

Alaskan Framing Solutions

Private Equity Round in 2024
Alaskan Framing Solutions is a frames production company based in Anchorage, Alaska, that specializes in manufacturing steel stud and truss frames. Founded in 2021, the company focuses on providing a diverse range of framing solutions for both residential and commercial customers. Alaskan Framing Solutions emphasizes sustainability by using recyclable steel, which helps reduce landfill waste, making their services both affordable and environmentally friendly.

Keepers US

Angel Round in 2024
Keepers US is a real estate company that buys and sells properties, including foreclosures and issues related to divorces and probates. Keepers provides fully automated housekeeping management services designed for short-term rental hosts and managers, allowing them to manage properties with ease.

Cyber Express Wash

Private Equity Round in 2024
Cyber Express Wash operates a modern car wash business, utilizing advanced, eco-friendly technology to provide efficient and high-quality car cleaning services. The company offers indoor, heated facilities designed for a swift and sophisticated car wash experience, catering to various vehicle types with its innovative dual-belt system and pressure-sensitive equipment. They also prioritize environmental care through advanced water recycling technology.

Hammers Family Birch

Convertible Note in 2024
Hammers Family Birch offers sustainably sourced birch products, particularly known for birch syrup. The company is implementing a modern automated vacuum tubing system to enhance its sap collection process for birch syrup in the upcoming season.

Keepers

Angel Round in 2024
Keepers is a housekeeping automation company that specializes in servicing short-term rental properties. Founded in 2022 and based in Lafayette, Louisiana, it operates a marketplace designed to connect rental hosts with cleaning services. The platform streamlines the entire housekeeping and property management process by automating tasks and ensuring quality control. It integrates with vacation rental calendars, allowing hosts to easily coordinate cleaning services and maintain their properties consistently. This service not only enhances the management experience for hosts but also ensures a high standard of cleanliness for guests.

Alaska Wild Harvest

Convertible Note in 2024
Alaska Wild Harvest is a producer of sustainable Alaskan birch syrup, wild berry products and Chaga mushrooms products.

Greensparc

Convertible Note in 2024
Greensparc is a San Francisco-based start-up focused on sustainable computing by offering renewable energy-powered edge computing resources and real-time ESG data analytics. The company has developed a modular and scalable micro-data center designed for sustainability, rapid deployment, and resilience under challenging conditions. Its software provides comprehensive solutions, including renewable energy reports, data center fleet energy cost management, and enterprise-grade hosting and cloud services. By delivering affordable and powerful computing capacity to edge communities and devices, Greensparc enables clients to reduce energy costs, enhance the use of green energy, and minimize their carbon footprint, positioning itself as a leader in sustainable edge computing solutions.

akCross

Angel Round in 2024
akCross specializes in global air charter and cargo services, tailoring solutions to meet individual clients' business needs. The company operates a comprehensive air logistics platform designed to simplify and optimize global air cargo services, offering customizable strategies and a lean, agile approach to air transportation and fulfillment services. This enables businesses in the air cargo and postal industries to efficiently manage their logistics operations.

Waqaa

Convertible Note in 2023
Waqaa is a startup operating in stealth mode, developing a platform to connect travelers with global adventure and cultural tourism experiences.

Keepers

Angel Round in 2023
Keepers is a housekeeping automation company that specializes in servicing short-term rental properties. Founded in 2022 and based in Lafayette, Louisiana, it operates a marketplace designed to connect rental hosts with cleaning services. The platform streamlines the entire housekeeping and property management process by automating tasks and ensuring quality control. It integrates with vacation rental calendars, allowing hosts to easily coordinate cleaning services and maintain their properties consistently. This service not only enhances the management experience for hosts but also ensures a high standard of cleanliness for guests.

Alaska Plastic Recovery

Convertible Note in 2023
Alaska Plastic Recovery creates construction products from recycled plastics sourced from marine clean-up projects, resident and industries.

Alaska Wild Harvest

Convertible Note in 2023
Alaska Wild Harvest is a producer of sustainable Alaskan birch syrup, wild berry products and Chaga mushrooms products.

Prismatext

Pre Seed Round in 2023
Prismatext develops innovative language learning solutions that simplify the process of acquiring a foreign language. Its proprietary blending technology integrates vocabulary seamlessly into a variety of reading materials, allowing learners to engage with over 250 words and phrases across more than 15 languages. This approach facilitates language acquisition without the need for traditional practice methods, making it accessible for learners of all ages. The company is also working on a next-generation platform aimed at enhancing the language learning experience, enabling users to improve their proficiency while enjoying the reading process.

Sitkana

Pre Seed Round in 2023
Sitkana is a technology company specializing in harnessing oceanic tidal currents to generate electricity. It develops modular buoy systems that replace high-cost diesel generators, connecting to existing electrical grids and utilizing fishing vessels for maintenance. Additionally, Sitkana produces modular power devices for sailboats and liveaboard vessels.

North Star Tutors

Angel Round in 2022
North Star Tutors, founded in 2020 and based in Fairbanks, Alaska, specializes in remote educational tutoring and music lessons for students. The company aims to enhance the educational experience by providing interactive learning opportunities tailored to individual needs. Its services include one-on-one instruction delivered by college students and professionals from various fields, all of whom are background-checked and carefully selected. Through these personalized sessions, North Star Tutors supports students in improving their understanding of diverse subjects and music, contributing to their overall educational journey.

Baby Vend

Equity Crowdfunding in 2022
Baby Vend offers baby, children, lactation, and parent supply needs available on-demand via vending machines and supply kits. Baby Vend is headquartered in the USA.

Greensparc

Angel Round in 2022
Greensparc is a San Francisco-based start-up focused on sustainable computing by offering renewable energy-powered edge computing resources and real-time ESG data analytics. The company has developed a modular and scalable micro-data center designed for sustainability, rapid deployment, and resilience under challenging conditions. Its software provides comprehensive solutions, including renewable energy reports, data center fleet energy cost management, and enterprise-grade hosting and cloud services. By delivering affordable and powerful computing capacity to edge communities and devices, Greensparc enables clients to reduce energy costs, enhance the use of green energy, and minimize their carbon footprint, positioning itself as a leader in sustainable edge computing solutions.

60Hertz

Angel Round in 2022
60Hertz Inc is a software company that specializes in developing a computerized maintenance management system (CMMS) tailored for power plant operators and distributed energy resources, including microgrids and large-scale solar and battery storage systems. Founded in 2016 and based in Anchorage, Alaska, the company’s mobile application facilitates daily operations and maintenance tasks by offering features such as preventive and predictive maintenance planning, work order management, and performance visibility for project owners and fleet managers. The software enhances operator efficiency by providing custom maintenance checklists and integrating with monitoring platforms to create smart work orders. Additionally, 60Hertz's application supports offline functionality and allows for the validation of task completion through photo uploads, thus streamlining operations and reducing costs associated with training and diesel consumption.

Heather's Choice

Seed Round in 2022
Heather's Choice specializes in producing lightweight, nutrient-rich meals and snacks tailored for adventurers. The company's offerings include a variety of dehydrated meals and snacks, such as macaroons, samplers, gluten-free, dairy-free, and vegetarian options. These products are designed to be easily prepared with just water, ensuring that travelers can enjoy satisfying and energizing meals while remaining self-sufficient during their outdoor excursions. By focusing on healthful ingredients, Heather's Choice aims to meet the dietary needs of those who seek adventure without sacrificing nutrition.

Ramper Innovations

Equity Crowdfunding in 2022
Ramper Innovations, founded in 2014 and headquartered in Sitka, Alaska, specializes in providing innovative cargo and baggage handling solutions for the aviation industry. The company has developed a motorized folding conveyor system that addresses the challenges associated with loading and unloading narrow-bodied aircraft. This system is designed to fit into the aircraft's cargo area and mechanically transport baggage and cargo, thereby eliminating the need for ramp agents to manually throw heavy items. By enhancing the efficiency of ground handling operations, Ramper Innovations aims to reduce costs, minimize the time taken for loading and unloading, and decrease the risk of injuries among ramp agents.

Remora

Angel Round in 2022
Remora is a mobile application established in 2020 that facilitates the coordination of cargo shipments, particularly within Alaska. The platform connects air carriers with businesses, government agencies, and the general public, allowing users to efficiently book cargo space on aircraft. By streamlining the shipping process, Remora enables clients to access available capacity and manage their logistics needs in a cost-effective manner. The service aims to enhance the overall efficiency of cargo transportation by providing a user-friendly solution for both carriers and clients.

Alaskan Framing Solutions

Venture Round in 2022
Alaskan Framing Solutions is a frames production company based in Anchorage, Alaska, that specializes in manufacturing steel stud and truss frames. Founded in 2021, the company focuses on providing a diverse range of framing solutions for both residential and commercial customers. Alaskan Framing Solutions emphasizes sustainability by using recyclable steel, which helps reduce landfill waste, making their services both affordable and environmentally friendly.

North Star Tutors

Angel Round in 2022
North Star Tutors, founded in 2020 and based in Fairbanks, Alaska, specializes in remote educational tutoring and music lessons for students. The company aims to enhance the educational experience by providing interactive learning opportunities tailored to individual needs. Its services include one-on-one instruction delivered by college students and professionals from various fields, all of whom are background-checked and carefully selected. Through these personalized sessions, North Star Tutors supports students in improving their understanding of diverse subjects and music, contributing to their overall educational journey.

Kartorium

Angel Round in 2021
Kartorium offers a customizable web platform designed to enhance training for non-technical workers in heavy industries. The platform allows employers to provide digital training that is both efficient and safe by integrating maps, 3D models, 360° images, videos, and document attachments within a virtual environment. This comprehensive solution enables the creation and sharing of three-dimensional digital twins, facilitating the management of physical assets and documentation of systems and processes. Users can engage in guided and interactive training tours, making it easier to prepare workers for real-world operating environments.

Baby Vend

Equity Crowdfunding in 2021
Baby Vend offers baby, children, lactation, and parent supply needs available on-demand via vending machines and supply kits. Baby Vend is headquartered in the USA.

60Hertz

Series A in 2021
60Hertz Inc is a software company that specializes in developing a computerized maintenance management system (CMMS) tailored for power plant operators and distributed energy resources, including microgrids and large-scale solar and battery storage systems. Founded in 2016 and based in Anchorage, Alaska, the company’s mobile application facilitates daily operations and maintenance tasks by offering features such as preventive and predictive maintenance planning, work order management, and performance visibility for project owners and fleet managers. The software enhances operator efficiency by providing custom maintenance checklists and integrating with monitoring platforms to create smart work orders. Additionally, 60Hertz's application supports offline functionality and allows for the validation of task completion through photo uploads, thus streamlining operations and reducing costs associated with training and diesel consumption.

Fractal OnCall Solutions

Convertible Note in 2013
Fractal OnCall Solutions, an Alaskan LLC was formed in April 2013, (successor company to Fractal Medical Solutions Corp founded May 2011) and is focused on the Physician to Physician consultation communication market place with a product it has developed for the iPHONE and iPAD called CallDR™. CallDR™ is a multi-media consultation and secure messaging system for mobile telemedicine. It is unique in that it provides workflow for the emergency department or large clinic where on call specialists are needed to be consulted for treatment or to make decisions on patient transport or coming in to assist or for surgery and runs exclusively on Apple mobile product line and database technology.
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