49th State Angel Fund
Angel networkAnchorage · Pre-Seed–Series A · 2 people tracked
Also known as 49th Fund · Anchorage Opportunity Fund I · Anchorage Opportunity Fund II · Original University of Alaska Seed Fund · Set Up Shop Fund
Investment thesis
49SAF invests to strengthen Alaska's entrepreneurship ecosystem and make the state a supportive place for entrepreneurs. Through its Direct Co-Investment Fund, it matches another investor's equity-like investment dollar-for-dollar between $10K and $400K, positioning it as a good fit for early-stage companies raising angel or seed rounds. The fund also hosts and participates in community events such as Alaska Entrepreneurship Week to foster local innovation.
Source: firm website, verified Aug 3, 2026.
Team · 2 people
from the firm's website
What they invest in
from 13 of 21 portfolio companiesCleantech ×4Consumer ×3Energy ×3EdTech ×2Hardware ×2Logistics & Supply Chain ×2SaaS ×2Advanced Manufacturing ×1
HQs:United States×7
Investments · 21 tracked
founders shown can be your intro pathPartnerCalvin Chang· solo GP
60Hertz Energy provides asset management and computerized maintenance software for renewable energy operations, covering solar (C&I, utility scale, agrovoltaics), utility scale wind, substations, and vegetation management.
CleantechEnergySaaS
PartnerCalvin Chang· solo GP
Co-investorsClean Energy VentureClimate Impact CapitalSeaChange
AK Cross provides global air charter and cargo services, including chartered and scheduled airfreight, freight forwarding, customs clearance, and Amazon FBA delivery.
Logistics & Supply Chain
PartnerCalvin Chang· solo GP
PartnerCalvin Chang· solo GP
Alaska Plastic Recovery collects plastic waste from shorelines and landfills and converts it into Grizzly Wood, a lumber product made entirely from recycled plastic.
Circular EconomyCleantechNew Materials
PartnerCalvin Chang· solo GP
PartnerCalvin Chang· solo GP
A retailer of Alaska-made goods, including birch syrup and berry products made from wild ingredients, alongside handmade gifts crafted by local Alaskan makers.
ConsumerE-commerce
PartnerCalvin Chang· solo GP
Alyeska Venture Management operates the Alaska Accelerator Fund, an early-stage venture fund that invests directly in startups and provides support from its managers and advisors to help them grow.
FintechAnchorage, US
PartnerCalvin Chang· solo GP
BabyVend operates vending machines and product kits stocked with baby essentials for children ages 7 and younger, aimed at traveling guardians and lactating mothers.
ConsumerHardwareRetail TechAnchorage, US
Jasmin Smith(CEO & Founder)
PartnerCalvin Chang· solo GP
A $225K pre-seed program, funded through 49SAF's Evergreen Fund, offering low-interest loans to neighborhood and underrepresented Anchorage entrepreneurs.
PartnerCalvin Chang· solo GP
Greensparc builds modular, utility-aligned co-location data centers designed to bring AI compute infrastructure to remote communities.
CleantechCloud ComputingData & InfrastructureEnergyCordova, US
Sam Enoka(Founder/CEO)inManu Kalia(Co-Founder/Head of Data Science)inJeffrey Cohen(CEO)Vikki Ellison(Executive Vice President)inMC Rydzewski(Chief of Staff)inGeorge Reitz(VP, Product Development & Sales)in
PartnerCalvin Chang· solo GP
PartnerCalvin Chang· solo GP
Kartorium is an operations platform that provides a 3D "Visual Twin" of sites, AI-powered search across manuals, SOPs, and records, and analytics tracking batches, jobs, downtime, and quality.
Advanced ManufacturingAgTechAI & Machine LearningFoodTechSaaSAnchorage, US
Jay Byam(Founder)in
PartnerCalvin Chang· solo GP
Co-investorsTechstars
PartnerCalvin Chang· solo GP
North Star Tutors provides one-on-one tutoring for local students, with background-checked, hand-selected tutors.
EdTechLewes, US
Zachary Alexander Mason(Executive Officer, Director)
PartnerCalvin Chang· solo GP
Prismatext offers language-learning e-books using the "diglot weave" method, blending a reader's target language into familiar texts so vocabulary is learned in context.
ConsumerEdTech
PartnerCalvin Chang· solo GP
Ramper Innovations develops equipment to help ground service teams load and unload aircraft cargo, aiming to reduce ramp agent injuries and damage to aircraft and cargo.
HardwareLogistics & Supply ChainRobotics
PartnerCalvin Chang· solo GP
PartnerCalvin Chang· solo GP
Sitkana develops hydrogenerators that produce electricity from ocean and tidal currents, offering solutions scaled for users ranging from individuals to cities.
CleantechClimate TechEnergy
PartnerCalvin Chang· solo GP
PartnerCalvin Chang· solo GP
WAQAA is an online platform for discovering and booking travel experiences, including cultural activities and outdoor adventures.
MarketplacesTravel & Hospitality
PartnerCalvin Chang· solo GP
Frequently asked questions
- How many investments has 49th State Angel Fund made?
- 49th State Angel Fund has 21 tracked investments.
- What stage does 49th State Angel Fund invest at?
- 49th State Angel Fund invests at the Pre-Seed, Seed, Series A stages.
- What is 49th State Angel Fund's typical check size?
- 49th State Angel Fund typically writes checks of $10K – $400K.
- What sectors does 49th State Angel Fund focus on?
- 49th State Angel Fund focuses on Sector Agnostic.
- Where is 49th State Angel Fund located?
- 49th State Angel Fund is headquartered in Anchorage, US.
- Who does 49th State Angel Fund co-invest with?
- 49th State Angel Fund most often shares deals with Launch Alaska Investment Fund, Clean Energy Venture, Climate Impact Capital, among 6 tracked co-investors.
Media · Podcasts & interviews
from their channel(Unedited) PitchFest 2022 - Part 1
49th State Angel Fund
AKEW 2024: Find Your Angels
49th State Angel Fund
(Unedited) PitchFest 2022 - Part 2
49th State Angel Fund
AAC2024 Final Event
49th State Angel Fund
AAC2023 Final Event
49th State Angel Fund
AAC2023: Trends in ESG and Impact Investing
49th State Angel Fund
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