Top 4 Venture Capital Firms in Charlotte [2022]

2021 was a record year for startup funding in North Carolina. Indeed, Charlotte’s venture capital firms invested a whopping $3.6 billion, more than double the amount they invested in 2020..!

Whether you are raising seed, Series A or higher, in this article we have listed our top picks of the best venture capital firms in Charlotte, each with their industry focus and investment size.

So, if you haven’t yet started to reach out, here is a good place to start learning about them.

This article is part of a series where we present you the top Venture Capital firms across the US. For the Mid West, check out our rankings for Chicago, Indianapolis, Columbus, Detroit, Louisville, Minneapolis and Milwaukee.
Looking for Charlotte's top startup incubators and accelerators instead? Check out our ranking here.

Top 4 Venture Capital Firms In Charlotte, NC

Here’s a summary of our top 4 picks for the best venture capital firms in Charlotte (in alphabetical order):

NameSector focusInvestment stageInvestment rangeInvestments
CFV VenturesFintechSeed$100K - $250K82
Defiance VenturesB2B Enterprise TechSeed, Series AUndisclosed30
JB Fitzgerald Venture CapitalSector agnosticSeed to Series A+Undisclosed37
TXF CapitalSaaS, B2B Software (Veteran-led businesses)Seed, Series AUndisclosed14

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1. CFV Ventures

CFV Ventures is a popular venture capital firm located in Charlotte, North Carolina. This venture capital firm provides funding only to fintech startups. What is interesting about this VC firm is that the startups they select must be located in the United States or they must be affiliated with the Queen City Fintech Accelerator Program.

The average check size that CFV Ventures writes to the companies it selects for funding usually ranges between $100k and $250k for each round. In other words, this venture capital firm offers Seed funding. Interestingly, 60% of the funding goes to startups that are affiliated with the Queen City Fintech Accelerator Program. This VC firm has so far invested in 80 companies.

2. Defiance Ventures

Another popular venture capital firm operating in Charlotte is Defiance Ventures. Focusing primarily on B2B Enterprise Tech startups, Defiance Ventures offers Seed and Series A funding to the selected companies.

Unfortunately, this venture capital firm does not disclose the exact investment amount anywhere on its website. However, the firm has so far invested in 30 companies, some of which are, Tavve, Fraction, Rent Ready, Lucid Drone Technologies, Swyft, and KiteEdge, among others.

Apart from funds, Defiance Ventures offers its deep tech experience and extensive network for strategic guidance and hands-on support to help its portfolio companies gain a competitive advantage.

3. JB Fitzgerald Venture Capital

With a physical presence in both Charlotte and Brooklyn, JB Fitzgerald Venture Capital is a popular venture capital firm that offers Seed to Series A+ funding to selected companies. What is interesting about this venture capital firm is that it is sector agnostic, and it invests in companies that have disruptive capabilities.

Unfortunately, JB Fitzgerald Venture Capital never discloses the exact investment amount anywhere on its website. However, this venture capital firm has so far invested in 37 companies, some of which are D.C. United, Brandless, Huupe, Nohbo, 2uLaundry, and Unity Sports & Entertainment among others.

4. TXF Capital

Charlotte-based TXF Capital is a popular venture capital firm that focuses on businesses led by veterans. It primarily focuses on SaaS, and B2B Software companies and startups led by national security and military veterans.

TXF Capital offers both Seed and Series A funding, but unfortunately, this venture capital firm does not disclose the exact investment amount anywhere on its website. So far, this venture capital firm has invested in 14 companies, of which 4 had positive exits and 10 are successfully growing.

Some of the companies that TXF Capital invested in include Vemo Education, CommSafe AI, FruitScout, ProctorFree, and Crowdz, among others.

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