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

Associate

28 past transactions

60Hertz

Convertible Note in 2024
60Hertz Inc. is a company that designs and develops mobile application software specifically for power plant operators, focusing on the management of energy assets and maintenance tasks. Established in 2016 and based in Anchorage, Alaska, the company's computerized maintenance management system (CMMS) supports operators of distributed energy resources, including microgrids and large-scale solar and battery energy storage systems. The software features custom preventative maintenance checklists, scheduling for corrective work, and integration with monitoring platforms, which allows for the creation of smart work orders and condition-based maintenance. Additionally, it enhances operational efficiency by validating task completion through photo uploads, streamlining work order placement, and providing visibility into operations. By enabling operators to make data-informed decisions, 60Hertz aims to reduce operating costs and enhance asset longevity while improving workforce retention and reducing training expenses.

Alaskan Framing Solutions

Private Equity Round in 2024
Founded in 2021, Alaskan Framing Solutions specializes in the production of steel stud and truss frames. Headquartered in Anchorage, Alaska, the company designs, fabricates, and supplies high-strength steel components, modular systems, and custom framing to support efficient construction structures while adhering to sustainable standards.

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 is a business specializing in modern car wash services. It employs advanced, eco-friendly technology to provide efficient and high-quality car cleaning experiences. The company operates indoor, heated facilities designed with a focus on sophisticated aesthetics and minimal wait times. Their services include full-service detailing and cater to a wide range of vehicles, thanks to their low-profile dual-belt system, pressure-sensitive equipment, and advanced water recycling technology. Additionally, customers can efficiently vacuum their vehicles and clean their mats on-site.

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
Founded in 2022, Keepers is headquartered in Lafayette, Louisiana. It specializes in housekeeping automation for short-term rentals, offering algorithm-driven scheduling, photo-based quality assurance, direct integration with booking systems, and a vetted network of cleaners.

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 company delivering sustainable computing through renewable-energy-powered edge infrastructure and real-time ESG data analytics. It develops modular, scalable micro-data centers designed for rapid deployment and resilience in challenging conditions, enabling edge communities and devices to access affordable computing capacity. It provides software for renewable energy reports and fleet energy cost management, along with enterprise-grade hosting and cloud services, helping clients maximize green energy use, reduce costs, and lower carbon footprint.

akCross

Angel Round in 2024
akCross is a provider of global air charter and cargo services, focusing on customized solutions that cater to the specific needs of its clients. The company operates a comprehensive air logistics platform designed to enhance efficiency in air transportation and fulfillment services. By offering tailored entrance strategies, akCross streamlines logistics operations, enabling businesses in the air cargo and postal sectors to manage their needs more effectively. The company's approach emphasizes agility and adaptability, ensuring clients receive the support necessary to meet their logistical challenges in an evolving market.

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
Founded in 2022, Keepers is headquartered in Lafayette, Louisiana. It specializes in housekeeping automation for short-term rentals, offering algorithm-driven scheduling, photo-based quality assurance, direct integration with booking systems, and a vetted network of cleaners.

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 offers an innovative language learning method via its proprietary technology. It seamlessly integrates target language vocabulary into books, allowing users to learn new languages effortlessly while reading. The platform caters to all ages and provides over 15 language options.

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, aiming to provide lower-cost electricity to coastal communities.

North Star Tutors

Angel Round in 2022
North Star Tutors provides remote educational tutoring and music lessons for students, offering one-on-one instruction both remotely and locally in Fairbanks, Alaska. Founded in 2020, the company vets and hand-selects tutors from college students and professionals across various fields to support teenagers and children in understanding subjects and developing musical skills.

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 company delivering sustainable computing through renewable-energy-powered edge infrastructure and real-time ESG data analytics. It develops modular, scalable micro-data centers designed for rapid deployment and resilience in challenging conditions, enabling edge communities and devices to access affordable computing capacity. It provides software for renewable energy reports and fleet energy cost management, along with enterprise-grade hosting and cloud services, helping clients maximize green energy use, reduce costs, and lower carbon footprint.

60Hertz

Angel Round in 2022
60Hertz Inc. is a company that designs and develops mobile application software specifically for power plant operators, focusing on the management of energy assets and maintenance tasks. Established in 2016 and based in Anchorage, Alaska, the company's computerized maintenance management system (CMMS) supports operators of distributed energy resources, including microgrids and large-scale solar and battery energy storage systems. The software features custom preventative maintenance checklists, scheduling for corrective work, and integration with monitoring platforms, which allows for the creation of smart work orders and condition-based maintenance. Additionally, it enhances operational efficiency by validating task completion through photo uploads, streamlining work order placement, and providing visibility into operations. By enabling operators to make data-informed decisions, 60Hertz aims to reduce operating costs and enhance asset longevity while improving workforce retention and reducing training expenses.

Heather's Choice

Seed Round in 2022
Heather's Choice specializes in producing nutritious, lightweight meals and snacks designed for adventurers. The company offers a range of dehydrated food products, including gluten-free and dairy-free meals, as well as vegetarian options. These meals and snacks are crafted to provide essential nutrients that keep consumers energized and satisfied during outdoor activities. Heather's Choice products are easy to prepare, requiring only water to become ready to eat, making them a convenient choice for travelers seeking self-sufficiency on their adventures. In addition to meals, the company also provides macaroons and assorted samplers, catering to diverse dietary preferences and needs.

Ramper Innovations

Equity Crowdfunding in 2022
Ramper Innovations, established in 2014 and headquartered in Sitka, Alaska, specializes in aviation cargo and baggage handling solutions. The company's core product is a motorized folding conveyor system designed to address challenges faced when loading and unloading narrow-bodied aircraft. This system reduces manual labor by mechanically moving baggage and cargo into the aircraft belly, thereby decreasing costs, time, and injuries among ground handling operators.

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
Founded in 2021, Alaskan Framing Solutions specializes in the production of steel stud and truss frames. Headquartered in Anchorage, Alaska, the company designs, fabricates, and supplies high-strength steel components, modular systems, and custom framing to support efficient construction structures while adhering to sustainable standards.

North Star Tutors

Angel Round in 2022
North Star Tutors provides remote educational tutoring and music lessons for students, offering one-on-one instruction both remotely and locally in Fairbanks, Alaska. Founded in 2020, the company vets and hand-selects tutors from college students and professionals across various fields to support teenagers and children in understanding subjects and developing musical skills.

Kartorium

Angel Round in 2021
Kartorium is a technology company specializing in a customizable 3D training platform designed for non-technical workers in heavy industries. The platform integrates maps, three-dimensional models, 360° images, videos, and document attachments into an interactive virtual environment, allowing employers to deliver training in a digital format that is both efficient and safe. This innovative solution enables clients to create and manage digital twins of physical assets, facilitating improved planning and training processes. By providing a comprehensive and engaging training experience, Kartorium enhances the operational capabilities of organizations in heavy industries.

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 company that designs and develops mobile application software specifically for power plant operators, focusing on the management of energy assets and maintenance tasks. Established in 2016 and based in Anchorage, Alaska, the company's computerized maintenance management system (CMMS) supports operators of distributed energy resources, including microgrids and large-scale solar and battery energy storage systems. The software features custom preventative maintenance checklists, scheduling for corrective work, and integration with monitoring platforms, which allows for the creation of smart work orders and condition-based maintenance. Additionally, it enhances operational efficiency by validating task completion through photo uploads, streamlining work order placement, and providing visibility into operations. By enabling operators to make data-informed decisions, 60Hertz aims to reduce operating costs and enhance asset longevity while improving workforce retention and reducing training expenses.

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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