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Innova Memphis

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 335
Average round size
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The average size of a deal this fund participated in
$856K
Portfolio companies 134
Rounds per year 19.71
Lead investments 27
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.60
Exits 8
Key employees 2
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Health Care
  • Medical
  • Medical Device
  • Biotechnology
  • Software
Summary

Innova Memphis is the famous VC, which was founded in 2007. The main department of described VC is located in the Memphis. The venture was found in North America in United States.

The important activity for fund was in 2012. When the investment is from Innova Memphis the average startup value is 1-5 millions dollars. The fund is generally included in 13-24 deals every year. This Innova Memphis works on 27 percentage points less the average amount of lead investments comparing to the other organizations. Deals in the range of 100 thousands - 1 million dollars are the general things for fund. The increased amount of exits for fund were in 2019. Speaking about the real fund results, this VC is 10 percentage points less often commits exit comparing to other organizations.

Among the most successful fund investment fields, there are Information Technology, Medical Device. The fund has specific favorite in a number of founders of portfolio startups. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight NuScriptRx, Quire, TRAKLOK.

We also calculated 2 valuable employees in our database.

The standard case for the fund is to invest in rounds with 1-2 partakers. Despite the Innova Memphis, startups are often financed by Nashville Capital Network, NEST-TN, Start Co.. The meaningful sponsors for the fund in investment in the same round are Jumpstart Foundry, ServiceMaster, Launch Tennessee. In the next rounds fund is usually obtained by NEST-TN, Launch Tennessee, Nashville Capital Network.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Innova Memphis:
Typical Co-investors
Innova Memphis is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Innova Memphis:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

HerdDogg

AgTech
Consumer Electronics
Health Care
Internet of Things
Robotics
$6M26 Mar 2024 Laramie, Wyoming, United States

iYOTAH Solutions

Livestock
SaaS
Software
$2M05 Feb 2024 Westminster, Colorado, United States

HerdDogg

AgTech
Consumer Electronics
Health Care
Internet of Things
Robotics
$3M06 Oct 2023 Laramie, Wyoming, United States

Rantizo

Agriculture
Farming
$6M02 Oct 2023 Iowa City, Iowa, United States

Glanris Water Systems

Water Purification
08 Dec 2022 Memphis, Tennessee, United States

Isomark

Biotechnology
Health Care
Medical Device
$2M07 Dec 2022 Madison, Wisconsin, United States

Stony Creek Colors

Agriculture
Farming
$5M30 Nov 2022 Tennessee, United States

Phinite

Agriculture
Farming
$1M24 Oct 2022 Tar Heel, North Carolina, United States

Tractor Zoom

AgTech
Big Data
Database
$5M03 Oct 2022 Iowa, United States
News
Mealworm farming company Beta Hatch raises $10M

– Beta Hatch, a farming company, raised $10m in funding.
– The round was led by Lewis & Clark AgriFood and joined by Cavallo Ventures and Innova Memphis.
– The money comes as Beta Hatch is eyeing the expansion of its flagship farm in Cashmere, Washington.
– The company says the new facility will be the largest of its kind in North America.

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Total investments 335
Average round size 856K
Rounds per year 19.71
Peak activity year 2015
Lead investments 27
Follow on index 0.60
Exits 8
Group Appearance index 0.33

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

HerdDogg

AgTech
Consumer Electronics
Health Care
Internet of Things
Robotics
$6M26 Mar 2024 Laramie, Wyoming, United States

iYOTAH Solutions

Livestock
SaaS
Software
$2M05 Feb 2024 Westminster, Colorado, United States

HerdDogg

AgTech
Consumer Electronics
Health Care
Internet of Things
Robotics
$3M06 Oct 2023 Laramie, Wyoming, United States

Rantizo

Agriculture
Farming
$6M02 Oct 2023 Iowa City, Iowa, United States

Glanris Water Systems

Water Purification
08 Dec 2022 Memphis, Tennessee, United States

Isomark

Biotechnology
Health Care
Medical Device
$2M07 Dec 2022 Madison, Wisconsin, United States

Stony Creek Colors

Agriculture
Farming
$5M30 Nov 2022 Tennessee, United States

Phinite

Agriculture
Farming
$1M24 Oct 2022 Tar Heel, North Carolina, United States

Tractor Zoom

AgTech
Big Data
Database
$5M03 Oct 2022 Iowa, United States
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