Matt Hottle joins me today. He is from Birmingham, Alabama, and works in the Alabama Futures Fund (“AFF”), announces it has closed a $25 million early-stage venture capital fund, launching the largest seed-stage investment fund in Alabama history. 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.
AFF 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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