Fund Tennessee
Do I Qualify?

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 with one common goal

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.

Regional Seed Fund

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

Technology Fund

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.

Multi-Fund

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.

How to participate

Thanks to the recent approval of federal funds from the U.S. Treasury through the State Small Business Credit Initiative (SSBCI), our team is actively working to deploy an application process to eligible startups and venture funds across Tennessee. Applications will be made available online and through LaunchTN’s regional entrepreneur centers network in late spring of 2023.

As we work quickly to formalize and implement the final program requirements, we encourage Tennessee entrepreneurs to stay informed by signing up to be notified when the application process opens and to receive updates about ongoing information sessions throughout the state.

In the meantime, startups can leverage our interactive quiz to determine potential eligibility for all Fund Tennessee programs — including InvestTN.

Learn More
Find out if you qualify