Innovate Mississippi has formed a new angel investment group named Oxford Delta Angel Fund to invest in startups. The members of this group are from Oxford and the surrounding Delta region. The group plans to add more members to raise $1 million. The members will support early-stage Mississippi-based technology startups that have high growth potential.
Members, including Ole Miss alumni and regional investors from Delta, can join the fund at $25,000 a unit, allowing members to pool their resources and invest in more startups than if they were investing individually.
The Fund is expected to provide a low-cost way to explore a wide range of promising deals, support local businesses, and learn about angel investing while going after returns. If a company gets approved for funding, investors can choose to invest more on their own terms.
The Fund could be a game-changer for the region, as opportunities in Oxford and throughout the Delta region are growing for tech and high-growth startups. With a wide range of sectors, from agriculture in the Delta to fin-tech and Saas startups in Oxford, numerous innovative ideas are ready to be launched and invested in throughout the region.
“We are excited to be helping pull together investors from the area to form another regional fund,” said Tony Jeff, president & CEO of Innovate Mississippi. “These funds are great for investors and an excellent way to encourage entrepreneurs coming out of Ole Miss and the region. Even investors not currently in the area can participate in local deals through these funds.”
The Oxford-Delta Angel Fund I will kick off with an organizational meeting in February. Investors sign up for updates and stay informed here.
The Oxford-Delta Angel Fund I is a significant opportunity for investors to support local businesses and contribute to the growth of the startup ecosystem in Mississippi. The new fund could also positively impact the local economy by creating jobs and encouraging entrepreneurship.
The Securities and Exchange Commission requires that only accredited investors participate in angel funds such as the Oxford-Delta Angel Fund. Innovate Mississippi will work through the leadership group and the Mississippi Angel Investor Network to find other accredited regional investors. The team will hold meetings in July and August for accredited investors.
This will be Innovate’s third active fund after setting up the South Mississippi Angel Fund and North Mississippi Angel Fund.
