Alabama Futures Fund

Alabama Futures Fund, established in 2018 and based in Birmingham, Alabama, is a venture capital firm focusing on early-stage investments in the United States. It specializes in software, SaaS, TMT, AI, and machine learning sectors. The firm targets companies at the minimum viable product, pre-revenue, and early revenue stages, seeking adaptable and coachable founding teams addressing significant customer problems. It stages capital based on achieved milestones, reserving funds for follow-on investments in its most promising portfolio companies.

Mickey Millsap

Investment Manager

Past deals in Alabama

Joonko

Seed Round in 2019
Joonko is a Birmingham, Alabama-based company that offers an AI-powered platform focused on enhancing diversity and inclusion within organizations. Founded in 2017, Joonko's platform serves as a diversity and inclusion coach, enabling companies to make intentional improvements in these areas. It provides talent acquisition teams with tools to access a diverse pool of candidates, streamlining the hiring process and reducing the hiring cycle by 17%. Joonko's technology integrates seamlessly with applicant tracking systems, connecting organizations to over 12,000 active, qualified, and diverse candidates across the United States. Additionally, the platform analyzes real-time data to identify unconscious workplace biases and offers actionable insights and recommendations to executives, managers, and employees.

Prepaid2Cash

Venture Round in 2019
Prepaid2Cash, established in 2010 and headquartered in Birmingham, Alabama, specializes in redeeming network-branded prepaid cards. Through its user-friendly web-based service, the company enables users to convert balances from Visa, MasterCard, American Express, and Discover prepaid cards into direct deposits or mailed checks, following a simple scanning process. The platform ensures secure transactions through data encryption and robust security measures.

Case Status

Seed Round in 2019
Case Status, Inc. is a company that specializes in developing a cloud-based client engagement tool tailored for the legal services industry. Founded in 2017 and headquartered in Birmingham, Alabama, with an additional office in Charleston, South Carolina, Case Status offers an application designed to enhance lawyer-client communications. The platform addresses common challenges faced by legal professionals by providing features that allow law firms to track and measure client satisfaction, send timely updates, and facilitate communication with clients. By leveraging technology, Case Status helps legal practitioners gain real-time visibility into cases while reducing the necessity for frequent meetings.

Joonko

Seed Round in 2018
Joonko is a Birmingham, Alabama-based company that offers an AI-powered platform focused on enhancing diversity and inclusion within organizations. Founded in 2017, Joonko's platform serves as a diversity and inclusion coach, enabling companies to make intentional improvements in these areas. It provides talent acquisition teams with tools to access a diverse pool of candidates, streamlining the hiring process and reducing the hiring cycle by 17%. Joonko's technology integrates seamlessly with applicant tracking systems, connecting organizations to over 12,000 active, qualified, and diverse candidates across the United States. Additionally, the platform analyzes real-time data to identify unconscious workplace biases and offers actionable insights and recommendations to executives, managers, and employees.
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