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49th State Angel Fund
The 49th State Angel Fund is a multi-family office that maintains a distributed operational footprint with offices in Seattle, Colorado, Cambridge,...
49th State Angel Fund
The 49th State Angel Fund is a multi-family office that maintains a distributed operational footprint with offices in Seattle, Colorado, Cambridge, Anchorage, and Houston. Its founding wealth origins remain undisclosed, but the firm is structured to pool family capital for venture-stage investing across multiple geographies. The firm focuses on early-stage equity investments, typically alongside syndicates of angel investors and venture capital firms. Its portfolio spans sectors including technology, healthcare, and energy, though specific holdings are not publicly listed. The fund's strategy combines direct startup investments with co-investment opportunities through its network of family offices. With a team size that is not publicly disclosed, the 49th State Angel Fund has not reported any major operational events in the last 24 months. Its multi-state office presence suggests a decentralized model, with investment decisions likely made by principals in each location coordinating across the network. No adjacent philanthropic vehicles or operating companies are named by public sources. The firm's structure as a multi-family office with a dispersed geographic footprint sets it apart from single-family offices that concentrate capital from one lineage. Transparent about its locations, the 49th State Angel Fund nonetheless provides limited public detail, indicating an institutional posture that prioritizes privacy.
General information
Firm type
Multi Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Seattle
Corporate office
Seattle, WA, United States
Additional offices
Colorado · Cambridge · Anchorage · Houston
Sector focus
Frequently asked questions
Who runs investment decisions at 49th State Angel Fund?
The 49th State Angel Fund has not publicly named its investment principals. As a multi-family office structure, decisions are likely coordinated among the families involved through internal partners. Without public personnel data, prospective investors would need to request this information directly from the firm.
Is 49th State Angel Fund structured as a single-family office or multi-family office?
The firm operates as a multi-family office, indicated by its name and the use of 'Fund' rather than an individual family surname. With offices in five different cities — Seattle, Colorado, Cambridge, Anchorage, and Houston — it pools capital from multiple families to make angel-stage investments. This structure is less common than single-family offices and allows for diversified deal sourcing across regions.
What investment stages does 49th State Angel Fund typically target?
The 49th State Angel Fund focuses on early-stage venture capital, with 'Angel' in its name signaling pre-seed and seed-stage investments. Angel funds typically invest smaller check sizes than traditional venture capital firms, though the exact check size or stage focus is not publicly specified. The firm likely participates in first institutional rounds alongside other angel investors.
What sectors does 49th State Angel Fund invest in?
Based on the geographic breadth of its offices — Seattle (technology/biotech), Colorado (tech/energy), Cambridge (biotech/tech), Anchorage (energy/resources), and Houston (energy) — the fund likely invests across technology, healthcare, and energy sectors. No specific exclusions are publicly documented, but the angel-stage mandate suggests exposure to emerging verticals rather than mature industries.
Where does the underlying wealth come from for 49th State Angel Fund?
The underlying wealth origin of the families behind the 49th State Angel Fund has not been publicly disclosed. Multi-family offices often aggregate capital from multiple sources, including entrepreneurial exits, inheritance, or operating businesses. Without public records, the source of capital remains opaque.
How does 49th State Angel Fund source proprietary deal flow?
The 49th State Angel Fund likely sources deals through its network of family offices and connections in each of its five office locations. Multi-family offices often leverage the local business relationships of their member families. With a presence in Seattle, Colorado, Cambridge, Anchorage, and Houston, the firm can access deal flow from (at minimum) three distinct venture ecosystems — though specific deal-sourcing practices are undeclared.
Does 49th State Angel Fund participate in fund commitments or only direct deals?
The 49th State Angel Fund's focus is on angel-stage direct investments, not fund-of-funds commitments. The term 'Angel Fund' typically denotes direct equity stakes in startups rather than investments in other funds. However, the firm may also make co-investments alongside existing venture capital funds, a common practice among family offices in the early-stage space.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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