# Press Release Body Carolina Coastal Ventures, a venture capital firm based in Greenville, South Carolina, announced today the successful closing of Fund II with $40 million in committed capital. The fund targets early and growth-stage manufacturing and advanced materials companies throughout the Carolina Piedmont region. Fund II will focus on businesses developing innovative solutions in advanced manufacturing, materials science, composites, industrial automation and related sectors. The fund's geographic focus reflects the region's established expertise in manufacturing and its emerging leadership in advanced materials innovation. "This closing validates our thesis that the Carolinas are home to exceptional founders building transformative manufacturing and materials companies," said Margaret Chen, Managing Partner at Carolina Coastal Ventures. "Fund II enables us to provide meaningful capital and strategic support to the next generation of industrial innovators who are positioning this region as a center for advanced manufacturing excellence." The fund attracted investment from family offices, regional institutions, and strategic partners committed to supporting manufacturing innovation in the Southeast. Carolina Coastal Ventures successfully deployed its inaugural fund across nine portfolio companies, with several achieving significant revenue milestones and market expansion since investment. Fund II's investment strategy emphasizes businesses with defensible intellectual property, experienced management teams and clear pathways to profitability. The firm plans to make initial investments ranging from $2 million to $8 million per company. **About Carolina Coastal Ventures** Founded in 2019, Carolina Coastal Ventures is a venture capital firm investing in early and growth-stage manufacturing and advanced materials companies in the Carolinas. The firm partners with founders building innovative industrial solutions that strengthen regional competitiveness and drive long-term economic growth. Learn more at carolinacoastalventures.com.