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

Past deals in Alaska

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
Alaskan Framing Solutions is a frames production company based in Anchorage, Alaska, established in 2021. The company specializes in manufacturing a diverse range of steel stud and truss frames, catering to both residential and commercial customers. By utilizing recyclable steel, Alaskan Framing Solutions aims to provide affordable framing options while contributing to environmental sustainability by reducing landfill waste.

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.

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.

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 learning experience by providing personalized, one-on-one instruction tailored to meet individual educational needs. Its team comprises college students and professionals from various fields, all of whom are background-checked and carefully selected to ensure quality. North Star Tutors focuses on interactive learning, helping teenagers and children improve their understanding of diverse subjects as well as music through dedicated support.

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.

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.

Alaskan Framing Solutions

Venture Round in 2022
Alaskan Framing Solutions is a frames production company based in Anchorage, Alaska, established in 2021. The company specializes in manufacturing a diverse range of steel stud and truss frames, catering to both residential and commercial customers. By utilizing recyclable steel, Alaskan Framing Solutions aims to provide affordable framing options while contributing to environmental sustainability by reducing landfill waste.

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 learning experience by providing personalized, one-on-one instruction tailored to meet individual educational needs. Its team comprises college students and professionals from various fields, all of whom are background-checked and carefully selected to ensure quality. North Star Tutors focuses on interactive learning, helping teenagers and children improve their understanding of diverse subjects as well as music through dedicated support.

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 CallDRâ„¢. CallDRâ„¢ 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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