INNOVA MEMPHIS, INC.
INNOVA MEMPHIS, INC. is a Pre-seed, Seed and Series A fund in the US and Memphis region writing $25K–$15M checks into Fintech, biosciences, technology, agtech, farm-tech, medical-devices, logistics, insect-farming, robotics and telehealth.
- Stages
- Pre-seed, Seed, Series A
- Sectors
- Fintech, biosciences, technology, agtech, farm-tech, medical-devices, logistics, insect-farming, robotics, telehealth
- Check size
- $25K–$15M
- Invests in
- US-wide, Memphis region
- Actively investing
- Yes
- Founded
- 2007
- Assets under management
- $100M+
- Website
- innovamemphis.com
Thesis
Innova Memphis is a venture capital firm founded in 2007, headquartered in Memphis, Tennessee. It operates as a for-profit venture arm of the Memphis Bioworks Foundation, aiming to cultivate a startup ecosystem in agriculture, logistics, and medical devices. The firm focuses on pre-seed, seed, and early-stage investments (up to Series A) within the Biosciences, Technology, and AgTech sectors, with a specific emphasis on FarmTech, automation, and digitization. While primarily investing in US-based companies, there's a strong focus on the Memphis region, and their AgTech funds target rural areas via the Rural Business Investment Program (RBIP). Innova Memphis employs a hands-on strategy, offering mentorship and strategic guidance, and typically co-invests rather than leading rounds. As of June 2023, they managed over $100 million in capital, with their Innova Ag Innovation Fund VI aiming for $75 million. Their typical check sizes have varied historically, with some sources indicating ranges from $25,000 to $15 million, depending on the fund and stage. They often take board seats to actively shape company formation.
Common questions
Does INNOVA MEMPHIS, INC. invest at the Pre-seed stage?
Yes. INNOVA MEMPHIS, INC. lists Pre-seed, Seed and Series A among the stages it invests in.
What check size does INNOVA MEMPHIS, INC. write?
INNOVA MEMPHIS, INC. writes $25K–$15M checks.
Where does INNOVA MEMPHIS, INC. invest?
INNOVA MEMPHIS, INC. invests in the US and Memphis region.