Alabama Futures Fund

Alabama Futures Fund is a venture capital firm established in 2018 and located in Birmingham, Alabama. The firm focuses on investing in early-stage start-ups that demonstrate the potential to achieve key milestones necessary for Series A financing within a 12 to 24-month timeframe. Its investment strategy emphasizes companies led by adaptable and coachable founding teams that are addressing significant customer problems and striving for product-market fit. The fund targets firms at various early stages, including those with a minimum viable product, pre-revenue, or early revenue. Given the inherent risks of early-stage investments, Alabama Futures Fund prefers to allocate capital in stages based on milestones achieved, ensuring that it retains substantial resources for follow-on investments in its most promising ventures.

Past deals in Alabama

Linq

Seed Round in 2021
Linq is a networking app that gives users the ability to create a custom digital page where they can centralize and share their content digitally or using linq's one of a kind physical NFC smart products.

SynsorMed

Pre Seed Round in 2020
SynsorMed, Inc. specializes in a cloud-based solution for remote patient monitoring and chronic care management, catering to healthcare organizations. Established in 2014 and headquartered in Atlanta, Georgia, with additional locations in Birmingham, Alabama, and Tampa, Florida, the company provides an automated platform that enables patients to monitor vital health data from home. This data is securely uploaded to physicians via the company's proprietary application, facilitating better communication and care for patients with chronic conditions such as diabetes. The platform integrates with FDA-approved wearable devices, ensuring compliance with healthcare regulations while enhancing patient engagement and outcomes. By offering a reimbursable service, SynsorMed aims to help healthcare providers increase revenue and achieve measurable improvements in patient care.

Linq

Seed Round in 2020
Linq is a networking app that gives users the ability to create a custom digital page where they can centralize and share their content digitally or using linq's one of a kind physical NFC smart products.

Joonko

Seed Round in 2019
Joonko Diversity Inc. operates a platform designed to address bias within organizations by utilizing user data. Founded in 2016 and headquartered in Birmingham, Alabama, with an additional office in Tel Aviv, Israel, Joonko's solution enables users to integrate various SaaS platforms, providing real-time insights into workplace bias as it occurs. The platform assists talent leaders by facilitating the receipt of qualified applications from a diverse and vetted candidate pool, which has been pre-approved by other leading companies. This approach not only streamlines the hiring process but also promotes inclusivity within the workplace.

Prepaid2Cash

Venture Round in 2019
Prepaid2Cash is a Birmingham, AL based financial technology company that enables the redemption of network branded (Visa, MasterCard, Amex, Discover) prepaid cards, commonly referred to as open-loop prepaid cards. The Company’s web-based service (www.prepaid2cash.com) allows users to receive payment by direct deposit or mailed check. For more information on Prepaid2Cash, visit http://www.prepaid2cash.com. Additionally, for media inquiries contact info(at)prepaid2cash.com.

Case Status

Seed Round in 2019
Case Status, Inc. designs and develops a cloud-based client engagement tool for the legal services industry. It develops an application that provides solutions, including track and measure client happiness, send updates to clients, and communicate with clients. Case Status, Inc. was founded in 2017 and is based in Birmingham, Alabama with additional offices in Charleston, South Carolina.

VirtualCare

Seed Round in 2018
VirtualCare LLC is a healthcare technology company based in Birmingham, Alabama, founded in 2016. It develops a cloud-based software platform, DoctorWELLington, which facilitates end-to-end continuity of care for patients through a network of primary care physicians. The platform provides access to various healthcare services, including virtual care, telemedicine, and primary care office visits. Additionally, it offers urgent care and chronic condition management, allowing patients to receive personalized healthcare services conveniently from their homes at a reasonable cost.

Joonko

Seed Round in 2018
Joonko Diversity Inc. operates a platform designed to address bias within organizations by utilizing user data. Founded in 2016 and headquartered in Birmingham, Alabama, with an additional office in Tel Aviv, Israel, Joonko's solution enables users to integrate various SaaS platforms, providing real-time insights into workplace bias as it occurs. The platform assists talent leaders by facilitating the receipt of qualified applications from a diverse and vetted candidate pool, which has been pre-approved by other leading companies. This approach not only streamlines the hiring process but also promotes inclusivity within the workplace.
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