# 49th State Angel Fund

> 49th State Angel Fund is a VC fund backing Software and Food and Beverage. See 38 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Anchorage, United States
- Total investments: 38
- Last investment: Jul 2024
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/49saf
- X (Twitter): https://twitter.com/49saf
- Website: https://www.49saf.com
- Facebook: https://www.facebook.com/49SAF

49th State Angel Fund is a VC fund in Anchorage focused on Software and Food and Beverage. The 49th State Angel Fund is an investment fund that indirectly invests in Alaskan businesses. Started in 2012 by a $13.2 million allocation from US Department of Treasury's State Small Business Credit Initiative, 49SAF is a venture capital function run by the Municipality of Anchorage. They work with Partner Funds to provide a dollar fordollar, private to public funding match for investments. Fund managers in turn provide managerial and entrepreneurial expertise to their investees, creating economic benefit for the citizens of Anchorage.

## Contacts

5 contacts available for 49th State Angel Fund. Shizune tracks 1 team members at 49th State Angel Fund. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/49th-state-angel-fund?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 4 | 11% |
| Food and Beverage | 3 | 8% |
| Information Technology | 3 | 8% |
| Travel | 2 | 5% |
| Agriculture | 2 | 5% |

43 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Angel | 9 | 24% |
| Convertible Note | 6 | 16% |
| Pre-Seed | 2 | 5% |
| Private Equity | 2 | 5% |
| Equity Crowdfunding | 2 | 5% |

7 stages tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Melanie Lucas-Conwell | Director | 11 | https://shizune.co/investors/profile/melanie-lucas-conwell-1e40 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| 60Hertz Energy | 60Hertz provides a Maintenance Management Software platform designed specifically for people managing remote energy assets such as microgrids. The company's software cues operators with custom checklists, validate task completion with photo uploads, cheers a job well done, and provides timely visibility. It helps small to large enterprisesacross energy, telecommunications and mining industries manage, check and repair off-grid assets across remote sites. | $166K | Convertible Note | Jul 30, 2024 |  |
| Alaska Wild Harvest | Alaska Wild Harvest is a producer of sustainable Alaskan birch syrup, wild berry products and Chaga mushrooms products. | $300K | Convertible Note | Jul 09, 2024 |  |
| Keepers US | Keepers US is a real estate company that buys and sells properties, including foreclosures and issues related to divorces and probates. Keepers provides fully automated housekeeping management services designed for short-term rental hosts and managers, allowing them to manage properties with ease. | $300K | Angel | Jul 09, 2024 |  |
| Alaskan Framing Solutions | Alaskan Framing Solutions is currently operating under stealth mode. The company was founded in 2021 and is headquartered in Anchorage, Alaska. | $100K | Private Equity | Jul 09, 2024 |  |
| Greensparc, Inc. | Greensparc is a San Francisco-based sustainable computing start-up providing renewable energy-powered edge computing resources and real-time ESG data analytics. Greensparc aims to become the leading provider of sustainable edge computing resources and optimization strategies. | $300K | Convertible Note | Jul 09, 2024 |  |
| Keepers | Keepers provides complete housekeeping automation for short-term rentals. The company was founded in 2022 and is headquartered in Lafayette, Louisiana. | $300K | Angel | Jul 09, 2024 |  |
| Hammers Family Birch | Hammers Family Birch offers sustainably sourced birch products, particularly known for birch syrup. The company is implementing a modern automated vacuum tubing system to enhance its sap collection process for birch syrup in the upcoming season. | $300K | Convertible Note | Jul 09, 2024 |  |
| CYBER Express Wash | CYBER Express Wash provides an enhanced car wash facilities using efficient, and eco-friendly cutting-edge technology. | $400K | Private Equity | Jul 09, 2024 |  |
| akCross | akCross provides global air charter and cargo services customizing the same according to customer's business requirements. |  | Angel | Apr 04, 2024 |  |
| Waqaa | Waqaa provides a platform for travelers to access global tourism market for adventure and cultural experiences. | $50K | Convertible Note | Dec 12, 2023 |  |

10 of 38 investments shown.

## Co-investors
- [Alaska Angel Conference](https://shizune.co/investors/profile/alaska-angel-conference) — VC Fund, 1 deal together
- [Clean Energy Venture Group](https://shizune.co/investors/profile/clean-energy-venture-group) — VC Fund, 1 deal together
- [Climate Impact Capital](https://shizune.co/investors/profile/climate-impact-capital) — VC Fund, 1 deal together
- [Factor E](https://shizune.co/investors/profile/factor-e-ventures-2) — VC Fund, 1 deal together
- [SeaChange](https://shizune.co/investors/profile/seattle-angel-fund) — VC Fund, 1 deal together

## Similar investors

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- [LVX Ventures](https://shizune.co/investors/profile/letsventure) — VC Fund
- [ZhenFund](https://shizune.co/investors/profile/zhenfund) — VC Fund
- [IAN Group](https://shizune.co/investors/profile/indian-angel-network) — VC Fund

## FAQ

### What does 49th State Angel Fund invest in?

49th State Angel Fund invests primarily in Software, Food and Beverage and Information Technology startups, most often at Angel and Convertible Note stage. Most of the 38 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact 49th State Angel Fund?

Public channels for 49th State Angel Fund include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at 49th State Angel Fund?

The team at 49th State Angel Fund includes Melanie Lucas-Conwell (Director). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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