The firm focuses on supporting and growing entrepreneurial activity and economic development in Alabama by investing in adaptable and coachable founding teams that have identified a significant customer problem and are working towards product market fit. It reserves significant capital for follow-on investments in its most promising companies and 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. Founded in 2018 and based in Birmingham, Alabama, Alabama Futures Fund invests in companies at the minimum viable product, pre-revenue, and early revenue stages, staging capital relative to milestones achieved due to the risks involved in investing this early.