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Office Locations:
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20 Dudley Street, Suite 620
Memphis, TN 38103
Phone: 901-866-1430
Fax: 901-866-1431
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Food & Agriculture
Information Technology
Life Sciences & Healthcare
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Founded in 2007 by the Memphis Bioworks Foundation, Innova is a pre-seed, seed and early-stage investor focused on starting and funding high-growth companies in the Biosciences, Technology and AgBio fields across the state of Tennessee. Innova Fund I is a Memphis ED initiative of Memphis Fast Forward and Memphis Tomorrow. Funding came through the Memphis Bioworks Foundation and established Innova with a mission of economic development and job creation in the Memphis area. Created in 2009, Innova Fund II was selected as one of six TNInvestcos in the state of Tennessee. With this fund, Innova expands its focus to include the entire state of Tennessee, looking to invest in transformational technology companies across the State. Innova can individually invest up to $2MM in a single company. Innova has invested over $57M in 119 startups.
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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
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| COMPANY STAGE | REVENUE |
| Venture Capital | |
Seed Stage
(includes "pre-seed," or
concept stage) | No Revenue |
| Early Stage | Minimal
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 |
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