Powered by Launch Tennessee, InvestTN makes equity investments into Tennessee-located startups (Pre-Seed, Seed, Series A and B) and venture capital funds.
InvestTN is made possible by Fund Tennessee – $117 million in federal funding for Tennessee as part of the U.S. Department of the Treasury’s SSBCI (State Small Business & Credit Initiative) program. Whether your business seeks equity investments, lending or technical assistance, Fund Tennessee is here to provide equitable access to capital so your business can continue to succeed in The Volunteer State. Public Notice: This project is funded under a grant contract with the State of Tennessee.
InvestTN will launch a dedicated website in June detailing our unique approach to equity investment in Tennessee. In the meantime, this page represents our InvestTN #Beta launch. If you are a startup CEO or venture capital fund manager, we invite you to apply for funding.
InvestTN for Startups
InvestTN’s Regional Seed Fund is a $28M Tennessee-focused initiative for Pre-Seed and Seed stage startups. Up to $4 million is earmarked for 7 Regional Entrepreneurial Centers across the state serving all 95 counties. Investments range from $25,000 to $250,000, with a target round size of $100,000 to $750,000.
InvestTN’s Technology Fund will invest $30M into Tennessee-located companies from industries driving the state’s growing ecosystem. Investments range from $250K to $3M, with a target round size of $1.5M to $8M, across Seed, Series A, and Series B stages. InvestTN’s Technology Fund has the ability to serve as the lead investor, though this is not a requirement.
InvestTN for Venture Capital Funds
InvestTN’s Multi-Fund invests in Tennessee-located and focused venture capital funds. Multi-Fund capital commitments serve as anchor investments in the first closing of a new fund, ranging in size from $1M to $3M for venture funds targeting a fund size of $10 million to $30 million.
What is SSBCI?
How is 'Tennessee-located' defined?
What is the investment process for Startups?
What is the investment process for Venture Capital Funds?
How are investment decisions made?
What if I am declined?
Am I required to raise matching capital to secure InvestTN equity investment?
- Yes. The 1:1 private capital match requirement is considered on a per transaction basis, and private investment must be made on the same terms as the InvestTN Fund. Debt and grant financing will not meet the requirements of the private match.
How is a Venture Capital Fund defined?
- A venture capital fund is an entity that meets the SEC's definition of venture capital fund as displayed here.
Which certifications will be required prior to receiving funding?
What information will be subject to ongoing review as an InvestTN portfolio company or fund?
To learn more about our recently announced program, read LaunchTN’s press release:
LaunchTN leadership hitting the road to share information on new fund