FOF  TNInvestco

http://www.tn.gov/ecd/tninvestco





     Office Locations:

c/o Tennessee Department of Economic & Community Development
312 Rosa L. Parks Avenue, Tenth Floor
Nashville, TN 37243
Phone: 615-741-9301

 

Stages:

  • Early
  • Seed


 

Industries:

  • Information Technology
  • Life Sciences & Healthcare

  •  

    Description:

    TNInvestco is a state-sponsored, 'venture capital type' program in which the state, using a competitive process, has picked ten different firms to provide capital to high-growth, transformational businesses in Tennessee. The state offered $200 million in gross premium tax credits for future years use to insurance companies that invest in companies qualified by the State of Tennessee as a 'TNInvestco'. The TNInvestcos have sold the future years tax credits for up-front capital to invest in Tennessee businesses. The TNInvestco program is administratively housed in the Department of Economic and Community Development. For Tennessee small and start-up businesses to qualify to receive investment funds from a TNInvestco, a business must meet certain requirements. The business must be independently owned and operated. The business must be headquartered in Tennessee. Its principal business operations must be located in Tennessee, and at least 60% of its employees must be located in Tennessee. However, a business from outside of Tennessee may be considered if they commit to move their headquarters and operations within 12 months after receiving funding from a TNInvestco. The business must not be principally engaged in professional accounting, medical, or legal services; banking or lending; real estate development; insurance; oil and gas exploration; or direct gambling services. Additionally, demonstration of a high-growth potential will be an important qualification for receipt of funding. The business must employ no more than 100 employees. Once a business qualifies to receive investment funds, it may continue receiving funds so long as it continues to be headquartered and principally operated in Tennessee with at least 60% of its employees located in Tennessee.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Lamont Price Department of Economic and Community Development

     

    Portfolio companies include:


      Council & Enhanced Tennessee Fund
        web link


      Innova Fund II
        web link


      Limestone Fund
        web link


      Memphis Biomed Ventures Tennessee
        web link


      NEST-TN
        web link


      Solidus-TNInvestco
        web link


      Tennessee Angel Fund
        web link


      Tennessee Community Ventures Fund
        web link


      Tri-Star Technology Fund
        web link


      XMi High Growth Development Fund
        web link


     

    Recent News:


      There is no recent news for TNInvestco.