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February 23rd, 2016

February 23rd, 2016


Farm Spotter Mobile Portal Wins $10,000 Prize
Knoxville News Sentinel
A mobile web portal that creates an online marketplace for locally grown produce has netted its owners the $10,000 grand prize in the Knoxville Chamber’s “What’s the Big Idea 48-Hour Launch” competition. Jason Hanna and Doug McDaniel won the prize Sunday for their Farm Spotter mobile portal, receiving up to $10,000 in startup reimbursement costs, one year free rent at the Fairview Technology Center, a spot in the Knoxville Entrepreneur Center’s CO. STARTERS program and a Knoxville Chamber membership.

FCA Venture Partners Said to Co-Manage Dioko Fund, Files for $75M Fund VI
Venture Nashville Connections
FCA Venture Partners in Brentwood apparently is to manage the new $25MM Dioko Health Ventures I LP fund, but principals of FCA and allied Clayton Associates have not yet responded to a Venture Nashville query. Also, FCA filed last week for a $75MM raise-in-progress for its Fund VI, showing $15MM raised to that point. Our report on FCA/Clayton’s shifting approach and its progress on its earlier $53MM Fund V is here.

Nasdaq Partners with, Invests in Nashville-Based Digital Reasoning
Nashville Business Journal
Add another name to the list of well-known corporations with a stake in Franklin-based cognitive computing company Digital Reasoning. The tech company, whose software teaches computers how to analyze and process unstructured data, has has already landed investments from Goldman Sachs, Credit Suisse and Nashville-based HCA Holding, among others. Now, en route to a Series D funding round, the company has inked a deal with Nasdaq (Nasdaq: NDAQ) for both a strategic alliance and investment dollars.

Pass It Down Hope to Make Preserving Life Stories Easier
What important memories, what history, die when people do? What would you ask your mother about her childhood before she forgets? What history do living people possess that isn’t being documented and eventually could be lost forever? These are the kinds of questions that entrepreneur Chris Cummings has been asking himself for years. And it’s what drove him to create Pass It Down, a digital storytelling platform that makes it easy to document anecdotes and memories through video, audio, photos and text, he said. “I feel like the greatest loss is when a story is not captured,” Cummings, who is also the CEO of SwiftWing Ventures, said. “It’s just gone.”

Three Tennessee Cities Ranked in the Top Five Best for Female Entrepreneurs
The Business Journals
What are the best cities for women-led businesses? A comprehensive list was released Mondaymorning to shed some light on the matter. The financial planning website WalletHub surveyed 100 of the largest metropolitan areas, looking at numbers such as average revenue growth, but also networks that support women in various stages of their businesses. Three scores based on friendliness to new businesses, female entrepreneurship and business climate for women helped determine how cities ranked. View the rankings here.

Youth Villages CEO to be Honored by Society of Entrepreneurs
Memphis Business Journal
Patrick Lawler, CEO of Youth Villages, will receive the 2016 Master Entrepreneur Award from The Society of Entrepreneurs. Lawler will receive the award during the Society of Entrepreneurs’ 24th annual Dinner and Awards Banquet April 9. The award is given to a member who is “a perfect example of the capacities, accomplishments, and breadth that result from the fullest development of the entrepreneurial spirit.”

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