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Wakefield Group
Wakefield Group is a private venture capital firm that invests in Southeast growth companies. It focuses on technology, health, and media ventures, typically...
Wakefield Group
Wakefield Group is a private venture capital firm that invests in Southeast growth companies. It focuses on technology, health, and media ventures, typically investing $1-5 million per company. The firm has made 76 investments and 33 portfolio exits.
General information
Firm type
Venture Capital
Year founded
1998
Location
Region
North America
Country
United States
City
Charlotte
Corporate office
Charlotte, NC, United States
Additional offices
Durham, NC, United States · Menlo Park, CA, United States · San Francisco, CA, United States · Shanghai, China
Principals
Molly Mathis
Managing Director
John Warasila
Managing Director
Kevin Lofton
Managing Director
Sector focus
Frequently asked questions
Who runs investment decisions at Wakefield Group?
Investment decisions are made by the managing directors Molly Mathis, John Warasila, and Kevin Lofton. The firm operates as a partnership without a single dominant decision-maker (public record).
What investment stages does Wakefield Group typically target?
Wakefield focuses on seed and Series A rounds, with initial check sizes of $500,000 to $2 million. The firm prefers to lead or co-lead rounds and reserves capital for follow-on investments in later stages (public record).
Which sectors does Wakefield Group invest in?
The firm targets enterprise software, digital health, fintech, AI/ML, cybersecurity, and industrial technology. It avoids sectors like biotech hardtech and consumer discretionary goods (public record).
How does Wakefield Group source proprietary deal flow?
Wakefield sources deals through its network of operating partners, alumni founders, and offices in four cities: Charlotte, Durham, Menlo Park, and Shanghai. The Southeast focus gives it access to companies often overlooked by Silicon Valley venture capital firms (public record).
Does Wakefield Group participate in fund commitments or only direct deals?
Wakefield Group invests exclusively through direct equity deals in startups. It does not operate as a fund-of-funds or make commitments to external venture capital funds (public record).
How is Wakefield Group related to any larger institution or family office?
Wakefield Group is an independent venture capital firm, not a single-family office or a subsidiary of another institution. Its limited partners include institutional investors, foundations, and family offices, but the firm is not controlled by any single family legacy (public record).
Where does the underlying wealth at Wakefield Group come from?
Wakefield Group's capital comes from institutional and individual LPs, not from a single family fortune. The firm's principals have operating backgrounds from companies like IBM and Red Hat, but individual wealth origin is not publicly attributed (public record).
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