VC firm
Alabama Futures Fund
Also known as Alabama Futures Fund, LP
- Investor type
- VC
- Investing status
- Not investingas of 2026-09-20Source (opens in a new tab)
- Headquarters
- BIRMINGHAM, AL, United States
- Assets under management
- $36MForm ADV private fund GAV, as of 2026-02-18Source (opens in a new tab)
- Funds
- 3
- Legal name
- Alabama Futures Fund LP
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Record updated 29 September 2026
About
The Alabama Futures Fund is a seed-stage venture capital fund focused on supporting and growing entrepreneurial activity and economic development in Alabama.
Investment approach
- Thesis
- Our Fund seeks to be the first significant investment in an early-stage venture that can reach attainable milestones leading to series A financing within 12-24 months. Our sweet spot is companies that have adaptable and coachable founding teams who have identified a significant customer problem and are working towards product market fit. This includes companies at the minimum viable product, pre-revenue and early revenue stages. Because of the risks involved in investing this early, our preference is to stage capital relative to milestones achieved. Therefore, we reserve significant capital for follow-on investments in our most promising companies.Source (opens in a new tab)
- Reserves policy
- Therefore, we reserve significant capital for follow-on investments in our most promising companies.
- Eligibility
- Please note: The Alabama Futures Fund I is not currently investing in new portfolio companies. Because of this, AFF is not accepting submissions or investment materials.
- Investing status notes
- Please note: The Alabama Futures Fund I is not currently investing in new portfolio companies. Because of this, AFF is not accepting submissions or investment materials.
Funds
- Alabama Futures Fund, LP
- $5MVintage 2018, SPV, SEC amount sold
- HUDSONALPHA ACCELERATOR FUND II, LLC
- Main fund
- PROSPER BIRMINGHAM HEALTH TECH ACCELERATOR FUND I, LP
- Main fund
SEC registration
- Registered adviser
- REDHAWK ADVISORY, LLC
- CRD number
- 297454 (opens in a new tab)
- SEC file number
- 802-131710
- Registration
- Exempt reporting adviser
- Regulatory AUM
- $36Mas of 2026-02-18
- Private funds reported
- 3
- Principal office
- BIRMINGHAM, AL, United States
- SEC CIK
- 1748241
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