Welcome to the Pisgah Fund

Investing in Healthcare Innovation in Western North Carolina

The Pisgah Fund is an early-stage venture capital fund focused on investing in innovative healthcare companies and supporting long-term economic growth in Western North Carolina (WNC). Managed by Hatteras Venture Partners, the Fund backs innovative healthcare businesses that improve care delivery and expand access, partnering with founders to build durable companies rooted in or connected to the region.

Investment Strategy

✔ Early-stage healthcare technologies or services with clear clinical or operational relevance

✔ Scalable business models with national market potential

✔ Strong founding teams and a path to validation and commercialization

✔ A connection to Western North Carolina through company presence, operations, or strategic engagement

Our investment focus includes companies that demonstrate:

The Pisgah Fund invests in early-stage healthcare technology and tech-enabled services companies with the potential to build durable, high-growth businesses. We focus on opportunities where strategic capital, operational insight, and deep healthcare relationships can meaningfully accelerate company development and value creation.

The Hatteras Health Innovations Platform

The Pisgah Fund operates as part of Hatteras Health Innovations (HHI), a dedicated platform within Hatteras Venture Partners designed to engage healthcare systems, payers, and providers as strategic partners in innovation.

Through HHI, Pisgah portfolio companies benefit from access to:

✔ Strategic relationships across healthcare delivery, reimbursement, and operations

✔ Opportunities for clinical insight, pilot programs, and real-world validation

✔ Sector expertise and operational support from the broader Hatteras team
A national healthcare network that extends beyond the region

Strategic Partnerships

The Pisgah Fund is anchored by two strategic partners—HCA and Dogwood Health Trust—who share a commitment to advancing healthcare innovation in Western North Carolina. These partnerships provide the Fund with valuable insight into real-world healthcare challenges and help connect portfolio companies to meaningful clinical, operational, and community-based opportunities.

Why Western North Carolina 

✔ An efficient proving ground that supports early validation and accelerates learning

✔ A capital-efficient environment for building durable companies with access to a diverse and growing talent pool

✔ Engagement with regional stakeholders that help create pathways to national scale.

Companies that partner with the Pisgah Fund in Western North Carolina benefit from:

Western North Carolina represents a highly connected, forward-thinking environment for building early-stage healthcare companies at the intersection of strong clinical assets, committed healthcare institutions, and a growing entrepreneurial talent base. Its smaller size and collaborative culture enable faster access to clinical insight, tighter feedback loops, and more direct relationships with key healthcare stakeholders.

By investing in strong companies and partnering closely with founders, the Pisgah Fund seeks to generate competitive venture returns while contributing to:

Sustainable company formation in Western North Carolina

The creation of high-quality jobs and entrepreneurial opportunity

Outcomes & Impact

Improved healthcare access and delivery

Meet the Pisgah Team

Lauren P Flickinger

Hatteras Venture Partner & lead fund manager 

Located in Asheville, Lauren is dedicated to identifying, investing in, and supporting the growth of healthcare-focused companies in Western North Carolina.  She is a native of Western North Carolina and lives in Asheville, NC with her husband and daughter. She is excited to have this opportunity to invest in and bring jobs to her local community.

Graham Smith

Venture Partner

Graham Smith is an Associate at Hatteras Venture Partners. Also located in Asheville, Graham supports the investment process from identification through diligence and post-investment monitoring. His prior experience includes investment banking and internal strategy for a publicly traded hospital supply chain organization. He lives in Asheville with his wife and daughter, and looks forward to contributing to the advancement of WNC’s economy.


John Crumpler

Special Advisor, VCMF Angel Fund

John co-founded Hatteras in 2000 after a successful career as a technology entrepreneur.  At Hatteras, John is responsible for the firm’s investments in healthcare and life science information technology and overall fund operations. With his partners at Hatteras John has helped build a seed and early-stage venture capital partnership with over $700 million under management in six funds.

Fred Goldwater

Venture Partner

Fred Goldwater provides strategic advisory services and executive support to companies serving the healthcare market. He has more than 35 years of executive management experience in manufacturing, financial services, healthcare and an extensive background in business development