About This Fund
Cofounders Capital Fund III is the third venture capital fund from Cofounders Capital, a seed-stage VC firm founded and based in Cary, North Carolina. The fund closed at $50 million in March 2023, representing a significant step up from Fund I ($12 million) and Fund II ($31 million), and more than double Fund II's size. Cofounders Capital is one of the most active seed-stage B2B software investors in the Southeastern United States, with a particular concentration in North Carolina's Research Triangle region. The firm was co-founded by Tim McLoughlin and Mark Easley, who bring operational backgrounds as company builders alongside their investing experience.
Fund III pursues a seed-stage, B2B software investment strategy with a target of 15 to 20 portfolio companies per fund cycle. The firm emphasizes hands-on support across product-market fit development, go-to-market strategy, and investor network introductions. Preferred initial check sizes are in the range of $1–3 million per company, with follow-on reserves. The firm focuses on enterprise software categories within sectors such as health tech, fintech, construction technology, HR tech, and marketing technology. Its geographic focus spans the Southeast, though it selectively leads rounds in companies outside the region when the opportunity warrants.
Cofounders Capital Fund III had made approximately 10 investments as of early 2024, with portfolio companies including Spidr and Ecomap. The fund's LP base includes institutional investors, high-net-worth individuals, and family offices, many of whom are themselves founders or operators in the Southeast startup ecosystem. The firm's regional presence and hands-on model have made it a preferred lead investor for early-stage founders in markets such as Raleigh-Durham, Charlotte, Atlanta, and Nashville who are building scalable B2B software businesses.