Tennessee Angel Fund

Overview

Tennessee Angel Fund is a statewide angel co-investment fund that leverages the experience, expertise, and capital of a network of angel investors to grow Tennessee-based early-stage companies. The fund is managed by a group of committed investors representing Nashville Capital Network, Chattanooga Renaissance Fund, and other individual investors and informal angel groups throughout the state. It operates as part of the TNInvestco program, which aims to develop the entrepreneurial infrastructure across Tennessee and attract new capital to diversify the state's economy and create jobs through the development of innovation clusters. The fund focuses on providing capital and operational support to high-growth companies in the healthcare and technology sectors, reflecting Nashville's growing reputation as a hub for digital health innovation and software development. By combining financial resources with industry expertise and mentorship, Tennessee Angel Fund aims to accelerate the growth trajectory of portfolio companies while building a sustainable ecosystem for entrepreneurship in Tennessee. Members of the fund benefit from deal flow prioritization, due diligence collaboration, and access to the broader investor network, while entrepreneurs gain not only capital but also strategic guidance, operational support, and connections to additional resources within the investor community. The fund's commitment to supporting high-growth ventures suggests a focus on companies with scalable business models and significant market potential, though specific check sizes, investment stage preferences, and portfolio performance metrics require direct confirmation with the organization.

Investment Focus

• Venture-backable business model
• Headquartered in Tennessee
• At least 60% of employees located in Tennessee
• Not engaged in professional accounting, medical, or legal services; banking or lending; real estate development; insurance; oil and gas exploration; or direct gambling services
• Employ no more than 100 employees