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Fund Profile:
Mountaineer Capital, LP
107 Capitol Street, Suite 300
Charleston, WV 25301
Telephone: (304) 347-7525
Website: www.mtncap.com
Key Personnel:
Dr. William H. Taylor II, Managing General Partner
Rudy Henley, General Partner
Pat Bond, General Partner
Eric Nelson, General Partner
Angi Hyre, Controller
Established: 2000
Total Committed Capital: $23.5 million
Amount Invested: $11 million
Geographic Focus: West Virginia and surrounding Appalachian Area
Social Mission
Mountaineer Capital provides risk capital to early-stage technology-driven businesses in order to create competitive new businesses that build a strong base economy in West Virginia. West Virginia and the surrounding areas are severely underserved by venture, debt or private capital sources. Mountaineer is leading the way to establishment of a risk capital market for this region.
Investment Information
Mountaineer Capital seeks to provide some or all of the equity funding of businesses in their higher risk stages of development. The fund expects the size of a typical initial investment in a portfolio company to range between $250,000 to $1 million, and to be structured as straight equity or as a debt security with equity warrants and options. The fund is primarily interested in companies offering proprietary or highly cost-effective technologies in their product design or manufacturing methods. Mountaineer Capital lists the following as sub-sectors of particular interest: information and communications technology; specialty chemicals and materials; environmental and forensic sciences; advanced or specialty designed polymers; toxic materials handling products and services; hardwood products or processes; coal or natural gas processes or equipment; medical devices, software and equipment; and system and educational software. Potential portfolio companies should have the potential to achieve annual revenues of at least $10 to $20 million on a profitable basis within three to five years.
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