Matt Hottle joined “The Ford Faction” Thursday from Birmingham, and works for the Alabama Futures Fund (AFF).
AFF has closed a $25 million early-stage venture capital fund, launching the largest seed-stage investment fund in Alabama history.
According to Hottle, AFF will focus its investments in companies across a broad range of industries that exhibit the potential for high growth. AFF is focused on developing a vibrant entrepreneurial ecosystem in Alabama and will only invest in companies that are headquartered in, or willing to relocate to, the state of Alabama.
The fund was conceived to address Alabama’s historically low ranking in funding for early-stage startups. AFF will add meaningful capital to the burgeoning Alabama startup ecosystem while helping to close the funding gap that has hindered startup activity and economic growth in Alabama.
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