The Charlotte Angel Fund raised an additional $425,000 from 26 investors after raising $350,000 in the past year, according to Securities and Exchange Commission filing.

The investment will allow the company to continue to invest in North Carolina-based early stage companies. The angel fund also funds companies in contiguous states.

Charlotte Angel Fund members are either interested in the Charlotte area or are Charlotte residents. The fund’s membership makes investment decisions for the company, and they can invest additional capital based on their preferences on a deal by deal basis.

The fund invests in technology, business and other early-stage companies. Its portfolio includes companies such as InHerSight, Upswing and Baebies.

The fund’s administrator, Greg Brown, is the primary contact for existing and potential members, generates deal flow and handles the fund’s various administrative responsibilities. Brown consults through his company Cardinal Finance.

He’s also been chief operating officer of multiple venture capital-backed and public companies.

The SEC filing can be found here.