Invest Tennessee
Overview
Invest Tennessee is a state-backed investment fund that provides equity investments to early-stage startups and venture capital funds located in Tennessee. The fund is managed by Launch Tennessee's Capital team and is part of the Fund Tennessee initiative, which administers $117 million in federal funding through the U.S. Department of the Treasury’s State Small Business Credit Initiative (SSBCI) program. Invest Tennessee focuses on supporting scalable businesses that are well-suited for venture funding and are operating in industries driving the state's growing economy. The fund comprises three components: the Regional Seed Fund, the Growth Fund, and the Multi Fund. The $28 million Regional Seed Fund supports early-stage startups across the state with investments ranging from $25,000 to $250,000. The $36 million Growth Fund provides capital to growth-stage companies, offering investments between $250,000 and $3 million. The Multi Fund targets venture capital funds dedicated to investing in Tennessee-based companies, with commitments ranging from $1 million to $3 million. These funds aim to catalyze private investment and support the development of Tennessee's entrepreneurial ecosystem. Invest Tennessee's investment strategy emphasizes collaboration with Launch Tennessee's network of entrepreneur centers and partners to identify and support high-potential startups. The fund seeks to leverage its investments to attract additional private capital, aiming to catalyze $10 of private investment for every $1 of SSBCI funding invested. By focusing on a diverse range of industries, including advanced energy, advanced manufacturing, agtech, biotech, climate tech, consumer products and technology, data and AI, fintech, health tech, mobility and logistics, and SaaS businesses, Invest Tennessee plays a pivotal role in fostering innovation and economic growth within the state.
Investment Focus
- Scalable business model
- Located in Tennessee
- Well-suited for venture funding
- Operating in industries driving Tennessee's economy
Portfolio Companies
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Unlock full contacts →Frequently asked questions about Invest Tennessee
What sectors does Invest Tennessee invest in?
Invest Tennessee invests in HealthTech, FinTech, Biotech, Agtech, ClimateTech and Advanced Manufacturing, and is based in Tennessee, United States. Invest Tennessee is listed as a venture capital in the ConnectSafely investor database.
What stage does Invest Tennessee invest at?
Invest Tennessee backs companies at Pre-Seed, Seed, Series A and Series B, writing cheques of 25K - 3M.
Which regions does Invest Tennessee invest in?
Invest Tennessee invests across United States.
What companies has Invest Tennessee invested in?
Invest Tennessee's portfolio includes Adele Health, AnyCreek, Approva, Aquatrino, Authentrics.AI, 4M Carbon Fiber, Arena Labs and Ascend Manufacturing.
Last updated · Source: ConnectSafely investor database
