Venture capital in South Carolina
3 venture firms are based in South Carolina, from SEC filings and the fund index. Below them are South Carolina’s other sources of capital, the LPs based here that report holding venture funds, and its SEC-registered family offices. How South Carolina ranks for startup raises and new funds: its Venture Ecosystem Index page.
On this page: 3 venture firms 21 other sources of capital 3 LPs.
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Venture firms based in South Carolina
3 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 | XRC Investment Advisors LLC Emerging | Aiken | 7 | $60M | 2021 |
| 2 | Global Frontier Investments, LLC Emerging | Charleston | 1 | $104M | 2020 |
| 3 | Task Force X Capital Management, LLC Emerging | Fort Mill | 7 | $23M | 2022 |
Other sources of capital in South Carolina
8 community development lenders, 5 SBA lenders, 2 corporate pension plans, 2 SBICs, 1 angel group, 1 placement agent, 1 union pension plan, and 1 pension master trust. From public registers and what each organization publishes; see Capital Sources for every state.
| Source | Location | On the record |
|---|---|---|
| VentureSouth | Greenville | Early-stage venture firm that provides capital to Southeastern startups through an angel investment network of more than 500 investors and its funds. |
| Hollister Associates, LLC | Mount Pleasant | 23 venture funds since 2021 |
| Legacy Ghs/Tuomey Pension Plan | Greenville | In partnerships and joint ventures: $40M |
| Michelin Retirement Plan | Greenville | In partnerships and joint ventures: $39M |
| Route 2 Capital Partners SBIC II, L.P. | Mount Pleasant | Private Credit · Mezzanine |
| Route 2 Capital Partners SBIC, L.P. | Mount Pleasant | Private Credit · Mezzanine |
| Waterfront Employers - ILA Pension Plan | Charleston | In partnerships and joint ventures: $64M |
| Savannah River Nuclear Solutions, LLC Master Trust | Aiken | In partnerships and joint ventures: $157M |
| Business Development Corp of SC | Columbia | Community development loan fund in Columbia, SC, certified by the US Treasury’s CDFI Fund. |
| Charleston Redevelopment Corporation | Charleston | Community development loan fund in Charleston, SC, certified by the US Treasury’s CDFI Fund. |
| CLIMB Fund | Charleston | Community development loan fund in Charleston, SC, certified by the US Treasury’s CDFI Fund. |
| CommunityWorks | Greenville | Community development loan fund in Greenville, SC, certified by the US Treasury’s CDFI Fund. |
| Midlands Housing Trust Fund | Columbia | Community development loan fund in Columbia, SC, certified by the US Treasury’s CDFI Fund. |
| Optus Bank | Columbia | Community development bank or thrift in Columbia, SC, certified by the US Treasury’s CDFI Fund. |
| Security Federal Bank | Aiken | Community development bank or thrift in Aiken, SC, certified by the US Treasury’s CDFI Fund. |
| South Carolina Community Loan Fund | Charleston | Community development loan fund in Charleston, SC, certified by the US Treasury’s CDFI Fund. |
| Beacon Community Bank | Mount Pleasant | 7(a) loans approved, fiscal year 2026: $11M |
| Coastal States Bank | Hilton Head Island | 7(a) loans approved, fiscal year 2026: $29M |
| Countybank | Greenwood | 7(a) loans approved, fiscal year 2026: $24M |
| First Community Bank | Lexington | 7(a) loans approved, fiscal year 2026: $58M |
| United Community Bank | Greenville | 7(a) loans approved, fiscal year 2026: $90M |
LPs based in South Carolina
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 | Darla Moore and Richard Rainwater Foundation | Lake City | 6 | $18M | $658M |
| 2 | The Jolley Foundation | Greenville | 1 | $468K | $41M |
| 3 | Mary Black Foundation Inc | Spartanburg | 1 | $2K | $88M |
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.