How to participate
Prior to submitting an application for funding, please read though the InvestTN Frequently Asked Questions (FAQs) carefully.
Applications are available online and through LaunchTN’s regional entrepreneur centers network.
Early-stage startups raising equity rounds at the Pre-Seed, Seed, Series A and B stages are eligible for initial investment ranging in size from $25k to $3M.
Venture capital funds investing in early-stage startups are eligible for $1M to $3M capital commitments into the initial closings of new funds raised.
Three funds will be deployed to stimulate economic growth across Tennessee by providing financial support to entrepreneurs and startups. The Regional Seed Fund and the Technology Fund will provide funding to startups in various stages of development, while the Multi-Fund will focus on investing in the formation of new venture funds.
The goal of the Regional Seed Fund is to establish an investment model that is widely dispersed throughout Tennessee, covering all 95 counties. With a total of $28 million allocated to it, the fund is expected to support approximately 120 investments. Funding for Pre-Seed and Seed stages will range from $25,000 to $250,000 per check. Applicants seeking access to this fund can apply through regional entrepreneur centers that are part of LaunchTN's partner network
The primary objective of the Technology Fund is to boost private investment in Tennessee-based enterprises operating in sectors that align with the state's economic priorities. This $30 million fund will provide support for approximately 20 Seed and Series A or B investments. Interested parties can apply for this fund online through Launch TN when an application becomes available in the upcoming months.
The Multi-Fund is designed to serve as a cornerstone for investments that will drive the creation of new venture funds based in Tennessee. With a total of $12 million allocated to it, this fund aims to make commitments to 406 limited partners. The target commitment size for limited partners ranges from $1 million to $3 million. By supporting the formation of new venture funds, the Multi-Fund will play a key role in promoting economic growth in Tennessee.
Prior to submitting an application for funding, please read though the InvestTN Frequently Asked Questions (FAQs) carefully.
Applications are available online and through LaunchTN’s regional entrepreneur centers network.