Venture capital in Alabama
7 venture firms are based in Alabama, from SEC filings and the fund index. Below them are Alabama’s other sources of capital, the LPs based here that report holding venture funds, and its SEC-registered family offices. How Alabama ranks for startup raises and new funds: its Venture Ecosystem Index page.
On this page: 7 venture firms 34 other sources of capital 6 LPs 1 family office.
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Venture firms based in Alabama
7 advisers that report a venture fund on Form ADV, largest estimated venture assets first, from the Venture Adviser Directory. Each one’s page has its funds and, where an LP reports holding them, its LPs.
| # | Adviser | Location | Venture funds | Private fund assets | Registered |
|---|---|---|---|---|---|
| 1 | Harbert Fund Advisors, LLC | Birmingham | 4 | $6.9B | 1998 |
| 2 | Eastside Management Company, LLC Emerging | Huntsville | 7 | $146M | 2015 |
| 3 | Brookline Investments, Inc. Emerging | Birmingham | 4 | $223M | 1999 |
| 4 | Collective Capital Ventures EmergingAngel Investor Management Group, LLC | Auburn | 55 | $71M | 2025 |
| 5 | Redhawk Advisory EmergingRedhawk Advisory, LLC | Birmingham | 3 | $36M | 2024 |
| 6 | Fidelis Capital, LLC Emerging | Birmingham | 1 | $12M | 2006 |
| 7 | First Avenue Ventures GP, LLC Emerging | Birmingham | 2 | $2.3M | 2025 |
Other sources of capital in Alabama
22 community development lenders, 5 SBA lenders, 3 corporate pension plans, 2 SBICs, 1 placement agent, and 1 union pension plan. From public registers and what each organization publishes; see Capital Sources for every state.
| Source | Location | On the record |
|---|---|---|
| Keel Point Capital, LLC | Huntsville | 2 venture funds since 2021 |
| Regions Financial Corporation Retirement Plan | Birmingham | In partnerships and joint ventures: $31M |
| Regions Financial Corporation Retirement Plan for Associates | Birmingham | In partnerships and joint ventures: $38M |
| Samford University Pension Plan | Birmingham | In partnerships and joint ventures: $28M |
| Harbert Mezzanine Partners II SBIC, L.P. | Birmingham | Hybrid · Mezzanine |
| Hoist Capital Partners SBIC I, L.P. | Birmingham | Private Credit · Multiple |
| Retail, Wholesale & Department Store International Union and Industry Pension Fund | Birmingham | In partnerships and joint ventures: $67M |
| Bank of Moundville | Moundville | Community development bank or thrift in Moundville, AL, certified by the US Treasury’s CDFI Fund. |
| Bank of Vernon | Vernon | Community development bank or thrift in Vernon, AL, certified by the US Treasury’s CDFI Fund. |
| Bronze Valley Corp | Birmingham | Community development venture capital fund in Birmingham, AL, certified by the US Treasury’s CDFI Fund. |
| CAMINO LOAN FUND LLC | Birmingham | Community development loan fund in Birmingham, AL, certified by the US Treasury’s CDFI Fund. |
| CCB Community Bank | Andalusia | Community development bank or thrift in Andalusia, AL, certified by the US Treasury’s CDFI Fund. |
| Commercial Bank of Ozark, The | Ozark | Community development bank or thrift in Ozark, AL, certified by the US Treasury’s CDFI Fund. |
| Commonwealth National Bank | Mobile | Community development bank or thrift in Mobile, AL, certified by the US Treasury’s CDFI Fund. |
| First National Bank | Hamilton | Community development bank or thrift in Hamilton, AL, certified by the US Treasury’s CDFI Fund. |
| First National Bank and Trust | Atmore | Community development bank or thrift in Atmore, AL, certified by the US Treasury’s CDFI Fund. |
| Friend Bank | Slocomb | Community development bank or thrift in Slocomb, AL, certified by the US Treasury’s CDFI Fund. |
| Merchants & Farmers Bank of Greene County | Eutaw | Community development bank or thrift in Eutaw, AL, certified by the US Treasury’s CDFI Fund. |
| North Alabama Revolving Loan Fund, LLC | Huntsville | Community development loan fund in Huntsville, AL, certified by the US Treasury’s CDFI Fund. |
| OPAL Community Capital LLC | Birmingham | Community development loan fund in Birmingham, AL, certified by the US Treasury’s CDFI Fund. |
| Peoples Bank of Greensboro | Greensboro | Community development bank or thrift in Greensboro, AL, certified by the US Treasury’s CDFI Fund. |
| River Bank & Trust | Prattville | Community development bank or thrift in Prattville, AL, certified by the US Treasury’s CDFI Fund. |
| Robertson Banking Company | Demopolis | Community development bank or thrift in Demopolis, AL, certified by the US Treasury’s CDFI Fund. |
| Sabre Finance d/b/a VentureSouth | Birmingham | Community development loan fund in Birmingham, AL, certified by the US Treasury’s CDFI Fund. |
| SOUTHERN INDEPENDENT BANK | Opp | Community development bank or thrift in Opp, AL, certified by the US Treasury’s CDFI Fund. |
| The Samson Banking Company, Inc. | Samson | Community development bank or thrift in Samson, AL, certified by the US Treasury’s CDFI Fund. |
| Troy Bank & Trust Company | Troy | Community development bank or thrift in Troy, AL, certified by the US Treasury’s CDFI Fund. |
| United Bank | Atmore | Community development bank or thrift in Atmore, AL, certified by the US Treasury’s CDFI Fund. |
| West Alabama Bank & Trust | Reform | Community development bank or thrift in Reform, AL, certified by the US Treasury’s CDFI Fund. |
| 22nd State Bank, A Division of 22nd State Banking Company | Mobile | 7(a) loans approved, fiscal year 2026: $30M |
| Oakworth Capital Bank | Birmingham | 7(a) loans approved, fiscal year 2026: $4.7M |
| Regions Bank | Birmingham | 7(a) loans approved, fiscal year 2026: $116M |
| River Bank and Trust | Prattville | 7(a) loans approved, fiscal year 2026: $5.6M |
| ServisFirst Bank | Birmingham | 7(a) loans approved, fiscal year 2026: $11M |
LPs based in Alabama
Foundations, pension plans, and other LPs here that report the venture funds they hold, by the number they hold. Local LPs often back local managers.
| # | LP | Location | Venture funds | In venture funds | Total assets |
|---|---|---|---|---|---|
| 1 | Altecstyslinger Foundation | Birmingham | 10 | $10M | $188M |
| 2 | Oneascent Capital Opportunities Fund | Birmingham | 5 | $1.7M | $36M |
| 3 | Dove Family Foundation | Dothan | 2 | $86K | $15M |
| 4 | Bill and Pam Smith Foundation Inc | Birmingham | 1 | $28K | $15M |
| 5 | James Rushton I Foundation | Birmingham | 0 | $740K | $37M |
| 6 | The Neeb Family Foundation | Pelham | 0 | $588K | $15M |
Family offices in Alabama
Family offices registered with the SEC as investment advisers, from the Family Office Index. Most family offices are exempt from registering and aren’t on this list.
| Family office | City | Regulatory assets |
|---|---|---|
| Oneascent Family Offices | Birmingham | $544M |
About the data
An adviser’s state is where its Form ADV says its main office is. A fund-index firm is placed by the headquarters city the index lists, or by its Form ADV when the city doesn’t tell. Capital sources, LPs, and family offices are placed by the address their own register gives. Angel investors who list themselves are at hottub.vc/investors. Organizations only: no individuals are listed here, and a listing is a public record, not a recommendation. See the methodology.