About Charlotte Angel Fund
Charlotte Angel Fund, established in 2013, is an angel investment group based in Charlotte, United States. It primarily focuses on Seed investments in companies in United States. Its portfolio includes 12 firms, spanning the Enterprise Applications, HealthTech sectors. Its most notable investments include companies like Guerrilla, Nufabrx and Skiptown. As of May 2026, Charlotte Angel Fund has witnessed 4 portfolio exits. Its latest investment was a $2.5M Seed round in Gradient Health on Feb 22, 2022, which also saw participation from VentureSouth and Wavemaker 360.
To date, 23 investors have co-invested in Charlotte Angel Fund's portfolio companies, including prominent names like Cardinal Finance.
Key Metrics
Founded Year
2013
Location
Charlotte, United States
Sectors of Investment
Stages of Investment
Seed & Series A
Locations of Investment
Charlotte Angel Fund's List of Top Investments
Charlotte Angel Fund has a portfolio of 12 companies. Their most notable investments are in Bundle and Bundle.Their portfolio spans across and United States. They have invested in Enterprise Applications, HealthTech, High Tech and 12 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Charlotte Angel Fund:1. Guerrilla
Manufacturer of radio frequency integrated circuits for various applications. These integrated circuits cater to wireless infrastructure, automotive connectivity, and military radio systems. The company focuses on developing components for underserved market segments. Its products aim to enhance coverage area and data rates for equipment manufacturers.
Key facts about Guerrilla
- Founded Year: 2013
- Location: Greensboro (United States)
- Annual Revenue: $22.7M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $20.6M
- Employee Count: 56 as on Apr 30, 2026
- Investors: CampVentures, Montrose Capital Partners and 7 Others
- Latest Funding Round: Post IPO, Aug 05, 2024, $*****
- Highlight: Public

2. Nufabrx
Nufabrx provides a wearable fabric with therapeutic value for pain management. It offers its flagship product which releases blemish-fighting active ingredients. It offers shirt, paints, shocks, arm sleeves and others. The device is mainly used for pain management. The company claim that the therapeutic value is maintained after washing also.
Key facts about Nufabrx
- Founded Year: 2011
- Location: Conover (United States)
- Stage: Acquired
- Total Funding till date: $46.2M
- Employee Count: 25 as on Apr 30, 2026
- Investors: Acorn Ventures, Charlotte Angel Fund and 9 Others
- Latest Funding Round: Series A, Oct 14, 2021, $*****
- Highlight: Acquired
3. Skiptown
SaaS-based platform to book pet care facilities. It allows users to streamline pet care services, manage their accounts, and track visit reports. It offers on-demand dog-walking services featuring real-time visit updates, photo reports, and GPS-tracked maps. It offers mobile applications for Android and iOS devices.
Key facts about Skiptown
- Founded Year: 2016
- Location: Charlotte (United States)
- Stage: Series B
- Total Funding till date: $33.6M
- Employee Count: 76 as on Apr 30, 2026
- Investors: Techstars, Meaningful Partners and 5 Others
- Latest Funding Round: Series B, Apr 11, 2025, $*****
- Highlight: Editors' Pick
4. Upswing
Online platform offering tutoring solutions for students. It provides online tutoring for students and real-time analytics on students' performance to their administrators. Sessions take place through the platform via audio, video, document sharing, and a virtual whiteboard.
Key facts about Upswing
- Founded Year: 2012
- Location: Austin (United States)
- Stage: Series A
- Total Funding till date: $13.1M
- Employee Count: 168 as on Apr 30, 2026
- Investors: Impact America Fund, The Vedas Group and 19 Others
- Latest Funding Round: Series A, Jun 28, 2023, $*****
- Highlight: Editors' Pick
Key facts about Slope Software
- Founded Year: 2015
- Location: Chamblee (United States)
- Stage: Acquired
- Total Funding till date: $3M
- Employee Count: 5 as on Apr 30, 2026
- Investors: Alerion Ventures, Cofounders Capital and 4 Others
- Latest Funding Round: Seed, Aug 30, 2021, $*****
- Highlight: Acquired
Charlotte Angel Fund's Year-on-Year Investment Trends
Charlotte Angel Fund has invested in 12 companies over the last 11 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Gradient Health and most recent follow-on round was in Bundle.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 2 | 0 | 2 |
2021 | 2 | 1 | 3 |
2020 | 1 | 0 | 1 |
2019 | 0 | 0 | 0 |
2018 | 2 | 0 | 2 |
2017 | 2 | 0 | 2 |
Charlotte Angel Fund's Investments by Stage
Charlotte Angel Fund has made 10 investments in Seed stage with an average round size of $988K and 2 investments in Series A stage with an average round size of $10M.Stage of entry | No. of Investments |
|---|---|
Seed | 10 |
Series A | 2 |
Note: We have considered here, only first round of investments
Charlotte Angel Fund's Investments by Sector
Charlotte Angel Fund has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, HealthTech, High Tech and Internet of Things - Industry Applications. Notably, it has invested in 12 Tech companies, 8 Enterprise (B2B) companies, 6 Consumer (B2C) companies and at least 6 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
Consumer | 4 |
HealthTech | 3 |
High Tech | 3 |
Internet of Things - Industry Applications | 3 |
Others | 19 |
Note: We have considered here, only first round of investments
Charlotte Angel Fund's Investments by Geography
Charlotte Angel Fund has made most investments in United States (12).Charlotte Angel Fund's recent investments
Charlotte Angel Fund has not made any investment in 2026 so far.Here are the most recent investments by Charlotte Angel Fund:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 22, 2022 | United States | Seed | 8484 | [+3] | |
Jan 11, 2022 | United States | Seed | 5788 | ||
Oct 14, 2021 | United States | Series A | 9571 | [+7] | |
Aug 30, 2021 | United States | Seed | 2403 | [+2] | |
May 24, 2021 | United States | Seed | 9714 | [+2] |
IPOs and Publicly Listed companies in Charlotte Angel Fund's Portfolio
1 of Charlotte Angel Fund's portfolio company became public - Guerrilla. It got listed on the OTC Markets (OTCMKTS), in Jul 2022 at marketcap of undefinedHere are Charlotte Angel Fund's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 29, 2022 | Feb 23, 2015 | Seed | 1387 |
Acquired companies in Charlotte Angel Fund's Portfolio
3 companies from Charlotte Angel Fund's portfolio have been acquired. The most recent acquisition was Slope Software in Mar 2026 by Akur8 Technologies for $*****.Here are Charlotte Angel Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 17, 2026 | Aug 30, 2021 | Seed | 7320 | |
Sep 25, 2023 | Oct 14, 2021 | Series A | 4760 | |
Sep 09, 2019 | Jan 11, 2017 | Seed | 6345 |
Co-investors of Charlotte Angel Fund
Over the past 11 years, 70 investors have co-invested in Charlotte Angel Fund's portfolio companies. This includes funds and angels.
- Invested before Charlotte Angel Fund: NC IDEA, Cofounders Capital and 13 others have invested in rounds before Charlotte Angel Fund. There are 2 companies where NC IDEA has invested before Charlotte Angel Fund and 2 companies where Cofounders Capital has invested before Charlotte Angel Fund.
- Top Co-investors of Charlotte Angel Fund: 23 investors entered a company along with Charlotte Angel Fund. These include investors like Cardinal Finance (1 company).
- Invested after Charlotte Angel Fund: A total of 32 investors have invested in Charlotte Angel Fund's portfolio after their investments. Top Investors include Montrose Capital Partners (1 company) and Mark Tompkins (1 company).
Recent News related to Charlotte Angel Fund
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Construction Tech Company Ecobot Raises $2.8MNewswire•Jan 11, 2022•Ecobot, Cultivation Capital, Cofounders Capital, Charlotte Angel Fund and 5 others
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Nufabrx Completes Oversubscribed $10 Million Series A RoundGlobeNewswire•Oct 14, 2021•Nufabrx, Fields Texas, Charlotte Angel Fund, Dbrgeneng and 5 others
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Slope Software Raises $2M in FundingFinSMEs•Aug 30, 2021•Slope Software, Tech Square Ventures, Alerion Ventures, Charlotte Angel Fund and 1 other
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Bundle raises $600K, readies platform for launch of a real-time shopping modelThe Business Journals•Jun 02, 2021•Bundle, Charlotte Angel Fund, CFV Ventures, Super Angel and 1 other
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Wearable tech firm Revibe Technologies fetches fundingPE Hub•Jul 19, 2018•Revibe Technologies, Cofounders Capital, Bootstrap Advisors, Tamiami Angel Funds and 3 others
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Charlotte Angel Fund raises an additional $425,000 from 26 investorsNorth Carolina Business News Wire•Mar 01, 2018•Charlotte Angel Fund
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Charlotte dog-walking startup lands $750K angel investmentThe Business Journals•Feb 21, 2018•Waggle, Charlotte Angel Fund
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Charlotte Angel Fund invests in another Durham tech companyThe Business Journals•May 26, 2017•InHerSight, Charlotte Angel Fund
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Charlotte Angel Investors seeks $3 million, works to grow Charlotte startupsNorth Carolina Business News Wire•Feb 19, 2017•Charlotte Angel Fund
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Charlotte Angel Fund Invests in Camras Vision, Inc. — Charlotte Angel FundCharlotte Angel Fund•Nov 30, 2015•Camras Vision, Charlotte Angel Fund, IMAF Sandhills, and 2 others
