Rural Center’s NCInvest Invests $32M In 10 Venture Capital Funds
Investments Represent Unprecedented Access to Capital for Socially and Economically Disadvantaged Entrepreneurs Throughout North Carolina
RALEIGH, N.C., March 01, 2024 — The NC Rural Center announced today that it has invested $32 million in 10 venture capital funds from across the United States, through its NCInvest initiative. NCInvest is funded by the State Small Business Credit Initiative (SSBCI), a $10 billion venture capital and debt lending initiative managed by the U.S. Department of the Treasury (Treasury)....
