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.

Calvin Chang

Associate

Melanie Lucas-Conwell

Director

10 past transactions

Prismatext

Pre Seed Round in 2023
Prismatext specializes in language learning software that simplifies the process of acquiring a foreign language. Utilizing proprietary blending technology, the company integrates target vocabulary seamlessly into text, allowing learners to engage with the language naturally while reading. Their offerings include a diverse selection of books containing over 250 words and phrases across more than 15 languages. This innovative approach not only enhances comprehension but also aids in retention, making language learning more efficient. Prismatext is also focused on developing a next-generation platform aimed at language students of all ages, further expanding its educational impact.

Heather's Choice

Seed Round in 2022
Heather's Choice specializes in providing healthy and convenient packaged food designed for adventurers. The company produces a range of nutrient-rich, dehydrated meals and snacks that are gluten-free and require only water to prepare. This focus on easy-to-prepare meals allows travelers to maintain self-sufficiency during their outdoor excursions while enjoying delicious and wholesome food options.

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 currently operating under stealth mode. The company was founded in 2021 and is headquartered in Anchorage, Alaska.

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.

BabyVend

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 provides a Maintenance Management Software platform designed specifically for people managing remote energy assets such as microgrids.

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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