49th State Angel Fund

The 49th State Angel Fund is a government-backed venture capital organization in Anchorage, Alaska, established in 2012 under the US Treasury State Small Business Credit Initiative program. It provides capital to high-growth Alaska-based businesses, directly and indirectly, and collaborates with partner funds to offer matching private investment. Its management team supplies entrepreneurial and managerial expertise to portfolio companies, with the aim of promoting entrepreneurship, innovation, and job creation for the Anchorage community.

Calvin Chang

Associate

Melanie Lucas-Conwell

Director

Past deals in Alaska

60Hertz

Convertible Note in 2024
60Hertz Inc. is a company that designs and develops mobile application software specifically for power plant operators, focusing on the management of energy assets and maintenance tasks. Established in 2016 and based in Anchorage, Alaska, the company's computerized maintenance management system (CMMS) supports operators of distributed energy resources, including microgrids and large-scale solar and battery energy storage systems. The software features custom preventative maintenance checklists, scheduling for corrective work, and integration with monitoring platforms, which allows for the creation of smart work orders and condition-based maintenance. Additionally, it enhances operational efficiency by validating task completion through photo uploads, streamlining work order placement, and providing visibility into operations. By enabling operators to make data-informed decisions, 60Hertz aims to reduce operating costs and enhance asset longevity while improving workforce retention and reducing training expenses.

Alaskan Framing Solutions

Private Equity Round in 2024
Founded in 2021, Alaskan Framing Solutions specializes in the production of steel stud and truss frames. Headquartered in Anchorage, Alaska, the company designs, fabricates, and supplies high-strength steel components, modular systems, and custom framing to support efficient construction structures while adhering to sustainable standards.

Alaska Wild Harvest

Convertible Note in 2024
Alaska Wild Harvest is a producer of sustainable Alaskan birch syrup, wild berry products and Chaga mushrooms products.

Alaska Wild Harvest

Convertible Note in 2023
Alaska Wild Harvest is a producer of sustainable Alaskan birch syrup, wild berry products and Chaga mushrooms products.

North Star Tutors

Angel Round in 2022
North Star Tutors provides remote educational tutoring and music lessons for students, offering one-on-one instruction both remotely and locally in Fairbanks, Alaska. Founded in 2020, the company vets and hand-selects tutors from college students and professionals across various fields to support teenagers and children in understanding subjects and developing musical skills.

60Hertz

Angel Round in 2022
60Hertz Inc. is a company that designs and develops mobile application software specifically for power plant operators, focusing on the management of energy assets and maintenance tasks. Established in 2016 and based in Anchorage, Alaska, the company's computerized maintenance management system (CMMS) supports operators of distributed energy resources, including microgrids and large-scale solar and battery energy storage systems. The software features custom preventative maintenance checklists, scheduling for corrective work, and integration with monitoring platforms, which allows for the creation of smart work orders and condition-based maintenance. Additionally, it enhances operational efficiency by validating task completion through photo uploads, streamlining work order placement, and providing visibility into operations. By enabling operators to make data-informed decisions, 60Hertz aims to reduce operating costs and enhance asset longevity while improving workforce retention and reducing training expenses.

Ramper Innovations

Equity Crowdfunding in 2022
Ramper Innovations, established in 2014 and headquartered in Sitka, Alaska, specializes in aviation cargo and baggage handling solutions. The company's core product is a motorized folding conveyor system designed to address challenges faced when loading and unloading narrow-bodied aircraft. This system reduces manual labor by mechanically moving baggage and cargo into the aircraft belly, thereby decreasing costs, time, and injuries among ground handling operators.

Alaskan Framing Solutions

Venture Round in 2022
Founded in 2021, Alaskan Framing Solutions specializes in the production of steel stud and truss frames. Headquartered in Anchorage, Alaska, the company designs, fabricates, and supplies high-strength steel components, modular systems, and custom framing to support efficient construction structures while adhering to sustainable standards.

North Star Tutors

Angel Round in 2022
North Star Tutors provides remote educational tutoring and music lessons for students, offering one-on-one instruction both remotely and locally in Fairbanks, Alaska. Founded in 2020, the company vets and hand-selects tutors from college students and professionals across various fields to support teenagers and children in understanding subjects and developing musical skills.

60Hertz

Series A in 2021
60Hertz Inc. is a company that designs and develops mobile application software specifically for power plant operators, focusing on the management of energy assets and maintenance tasks. Established in 2016 and based in Anchorage, Alaska, the company's computerized maintenance management system (CMMS) supports operators of distributed energy resources, including microgrids and large-scale solar and battery energy storage systems. The software features custom preventative maintenance checklists, scheduling for corrective work, and integration with monitoring platforms, which allows for the creation of smart work orders and condition-based maintenance. Additionally, it enhances operational efficiency by validating task completion through photo uploads, streamlining work order placement, and providing visibility into operations. By enabling operators to make data-informed decisions, 60Hertz aims to reduce operating costs and enhance asset longevity while improving workforce retention and reducing training expenses.

Fractal OnCall Solutions

Convertible Note in 2013
Fractal OnCall Solutions, an Alaskan LLC was formed in April 2013, (successor company to Fractal Medical Solutions Corp founded May 2011) and is focused on the Physician to Physician consultation communication market place with a product it has developed for the iPHONE and iPAD called CallDRâ„¢. CallDRâ„¢ is a multi-media consultation and secure messaging system for mobile telemedicine. It is unique in that it provides workflow for the emergency department or large clinic where on call specialists are needed to be consulted for treatment or to make decisions on patient transport or coming in to assist or for surgery and runs exclusively on Apple mobile product line and database technology.
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