Venture capital in Tennessee
33 venture firms are based in Tennessee, from SEC filings and the fund index. Below them are Tennessee’s other sources of capital, the LPs based here that report holding venture funds, and its SEC-registered family offices. How Tennessee ranks for startup raises and new funds: its Venture Ecosystem Index page.
On this page: 33 venture firms 5 new funds 56 other sources of capital 22 LPs.
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Venture firms based in Tennessee
1 firm in the Venture Capital Fund Index, by latest fund, then 32 advisers that report a venture fund on Form ADV, largest estimated venture assets first, from the Venture Adviser Directory. Each one’s page has its funds and, where an LP reports holding them, its LPs.
| # | Firm | Headquarters | Latest fund | Fund size | AUM |
|---|---|---|---|---|---|
| 1 | Wischoff Ventures | Nashville | Fund I | $5M | — |
| # | Adviser | Location | Venture funds | Private fund assets | Registered |
|---|---|---|---|---|---|
| 1 | Edison Partners Management, LLC | Nashville | 12 | $2.6B | 2020 |
| 2 | Frist Cressey Ventures Management, LLC | Nashville | 7 | $1.4B | 2019 |
| 3 | Fintop CapitalNested Rails, LLC | Nashville | 8 | $731M | 2017 |
| 4 | Claritas CapitalClaritas Capital Management Services, Inc. | Nashville | 81 | $810M | 2024 |
| 5 | Ab Broadly Syndicated Loan Manager LLC | Nashville | 1 | $2.8B | 2020 |
| 6 | Alliancebernstein L.P. | Nashville | 2 | $10.5B | 1999 |
| 7 | SSM PartnersSSM Management Company, LLC | Memphis | 6 | $348M | 2012 |
| 8 | Teamworthy Group LLC | Nashville | 5 | $327M | 2017 |
| 9 | Dynamo Management Company, LLC | Chattanooga | 13 | $270M | 2020 |
| 10 | Tenma Management Company, LLC Emerging | Nashville | 6 | $202M | 2023 |
| 11 | Ridgeline Capital Management, LLC Emerging | Memphis | 22 | $200M | 2026 |
| 12 | Fca Health Innovations II Management LLC Emerging | Nashville | 2 | $168M | 2022 |
| 13 | Solas Bioventures Management, LLC Emerging | Chattanooga | 12 | $165M | 2025 |
| 14 | MGP Venture Fund III GP, LLC Emerging | Nashville | 2 | $140M | 2022 |
| 15 | Jumpstart Health EmergingJumpstart Holdings, LLC | Nashville | 17 | $140M | 2020 |
| 16 | Relevance Capital Management, LLC Emerging | Brentwood | 3 | $123M | 2023 |
| 17 | MGC Venture Partners 2018 GP, LLC Emerging | Nashville | 2 | $116M | 2018 |
| 18 | Innova Memphis, Inc. Emerging | Memphis | 5 | $116M | 2014 |
| 19 | NCN Management Company IV, LLC Emerging | Nashville | 3 | $79M | 2022 |
| 20 | Fca Venture Partners VII Management LLC Emerging | Nashville | 2 | $69M | 2022 |
| 21 | Mcwhorter Ventures, LLC Emerging | Nashville | 10 | $117M | 2024 |
| 22 | Pegasus Holdings Group, LLC Emerging | Ooltewah | 1 | $60M | 2019 |
| 23 | Fca Venture Management Group LLC Emerging | Nashville | 3 | $58M | 2022 |
| 24 | Fca Management Group, LLC Emerging | Nashville | 2 | $53M | 2026 |
| 25 | NCN Management Company PF, LLC Emerging | Nashville | 4 | $35M | 2017 |
| 26 | Bullvc Fund Management LLC Emerging | Brentwood | 1 | $33M | 2020 |
| 27 | Dioko Management LLC Emerging | Nashville | 1 | $32M | 2022 |
| 28 | Friale Management Company LLC Emerging | Nashville | 1 | $27M | 2026 |
| 29 | Acp Group, LLC Emerging | Memphis | 1 | $46M | 2025 |
| 30 | Red Door Wealth Management, LLC Emerging | Memphis | 1 | $138M | 2014 |
| 31 | Global Health and Wellness Investment Network EmergingGlobal Health and Wellness Investment Network, LLC | Brentwood | 1 | $95K | 2025 |
| 32 | Battell Holdings Management, LLC | Memphis | 1 | — | 2026 |
New funds raising from Tennessee
5 venture funds managed from Tennessee started raising in 2025 or later and filed a Form D since October 2025: managers with new money to invest. Amounts are as each fund’s latest Form D reports them, newest filing first.
| Fund | Manager | Started | Raised so far | Target | Latest filing |
|---|---|---|---|---|---|
| Fintop IV, LP | Fintop Capital | 2026 | — | — | September 15, 2026 |
| Fintop IV Sbic, LP | Fintop Capital | 2026 | — | — | August 13, 2026 |
| Teamworthy Ventures ID LP | Teamworthy Group LLC | 2026 | $18M | $19M | August 5, 2026 |
| Friale Fund 2.0 LP | Friale Management Company LLC | 2026 | — | $75M | February 19, 2026 |
| Frist Cressey Ventures Fund IV QP Aggregator 1, LP | Frist Cressey Ventures Management, LLC | 2025 | $34M | $40M | January 14, 2026 |
Other sources of capital in Tennessee
23 community development lenders, 15 SBICs, 5 pension master trusts, 5 SBA lenders, 4 union pension plans, 2 placement agents, and 2 corporate pension plans. From public registers and what each organization publishes; see Capital Sources for every state.
| Source | Location | On the record |
|---|---|---|
| Alto Securities, LLC | Nashville | 4 venture funds since 2021 |
| Avondale Partners, LLC | Nashville | 2 venture funds, 2017–2019 |
| Pension Plan for Employees at Ornl | Oak Ridge | In partnerships and joint ventures: $510M |
| Pension Plan for Employees of Broadcast Music Inc | Nashville | In partnerships and joint ventures: $46M |
| Capital Alignment Partners IV-A, L.P. | Nashville | Private Equity · Mezzanine |
| Capital Alignment Partners IV-B, L.P. | Nashville | Hybrid · Mezzanine |
| CapitalSpring SBIC II, L.P. | Nashville | Hybrid · Hybrid Debt/Equity |
| Courage Healthcare SBIC Fund I, L.P. | Nashville | Private Credit · Hybrid Debt/Equity |
| LO3 SBIC, LP | Nashville | Private Credit · Mezzanine |
| Petra Growth Fund II, L.P. | Nashville | Hybrid · Hybrid Debt/Equity |
| Petra Growth Fund III, L.P. | Nashville | Hybrid · Hybrid Debt/Equity |
| Petra Growth Fund IV, L.P. | Nashville | Hybrid · Hybrid Debt/Equity |
| Petra Growth Fund V, L.P. | Nashville | Hybrid · Hybrid Debt/Equity |
| Resolute Capital Partners Fund IV, L.P. | Nashville | Hybrid · Hybrid Debt/Equity |
| Resolute Capital Partners Fund V-A, L.P. | Nashville | Hybrid · Hybrid Debt/Equity |
| Resolute Capital Partners Fund V-B, L.P. | Nashville | Hybrid · Hybrid Debt/Equity |
| Resolute Capital Partners Fund VI-A, L.P. | Nashville | Hybrid · Hybrid Debt/Equity |
| Resolute Capital Partners Fund VI-B, L.P. | Nashville | Hybrid · Hybrid Debt/Equity |
| Ridgeline Ventures Fund II-S L.P. | Memphis | Venture · Early Venture |
| Jacksonville Plumbers and Pipefitters Pension Plan | Goodlettsville | In partnerships and joint ventures: $73M |
| Pace Industry Union-Management Pension Fund | Nashville | In partnerships and joint ventures: $310M |
| Plumbers & Pipefitters Local Union No. 572 Pension Fund | Goodlettsville | In partnerships and joint ventures: $51M |
| Tri-State Carpenters and Joiners Pension Trust Fund | Goodlettsville | In partnerships and joint ventures: $77M |
| Defined Benefit Plans Mtia | Oak Ridge | In partnerships and joint ventures: $212M |
| Eastman Chemical Company Master Retirement Trust | Kingsport | In partnerships and joint ventures: $326M |
| Fedex Corporation Employees' Pension Trust | Collierville | In partnerships and joint ventures: $6.2B |
| Nissan North America, Inc. Employee Retirement Plan Master Trust | Franklin | In partnerships and joint ventures: $42M |
| The International Paper Co Retirement Plan Pension Account | Memphis | In partnerships and joint ventures: $1.9B |
| Affordable Housing Resources, Inc. | Nashville | Community development loan fund in Nashville, TN, certified by the US Treasury’s CDFI Fund. |
| Bank3 | Memphis | Community development bank or thrift in Memphis, TN, certified by the US Treasury’s CDFI Fund. |
| BetterFi | Chattanooga | Community development loan fund in Chattanooga, TN, certified by the US Treasury’s CDFI Fund. |
| Brightbridge, Inc. | Chattanooga | Community development loan fund in Chattanooga, TN, certified by the US Treasury’s CDFI Fund. |
| Carroll Bank and Trust | Huntingdon | Community development bank or thrift in Huntingdon, TN, certified by the US Treasury’s CDFI Fund. |
| Centennial Bank | Trezevant | Community development bank or thrift in Trezevant, TN, certified by the US Treasury’s CDFI Fund. |
| CENTRAL BANK | Savannah | Community development bank or thrift in Savannah, TN, certified by the US Treasury’s CDFI Fund. |
| Citizens Savings Bank and Trust Company | Nashville | Community development bank or thrift in Nashville, TN, certified by the US Treasury’s CDFI Fund. |
| Community Bank | Lexington | Community development bank or thrift in Lexington, TN, certified by the US Treasury’s CDFI Fund. |
| Cumberland Capital Partners | Cookeville | Community development loan fund in Cookeville, TN, certified by the US Treasury’s CDFI Fund. |
| Decatur County Bank | Decaturville | Community development bank or thrift in Decaturville, TN, certified by the US Treasury’s CDFI Fund. |
| Home Banking Company | Selmer | Community development bank or thrift in Selmer, TN, certified by the US Treasury’s CDFI Fund. |
| Homeworks Community Lending LLC | Johnson City | Community development loan fund in Johnson City, TN, certified by the US Treasury’s CDFI Fund. |
| Mountain Valley Bank | Dunlap | Community development bank or thrift in Dunlap, TN, certified by the US Treasury’s CDFI Fund. |
| River City Capital Investment, LLC. | Memphis | Community development loan fund in Memphis, TN, certified by the US Treasury’s CDFI Fund. |
| SECURITY BANK AND TRUST COMPANY | Paris | Community development bank or thrift in Paris, TN, certified by the US Treasury’s CDFI Fund. |
| Southeast Community Capital Corporation DBA Pathway Lending | Nashville | Community development loan fund in Nashville, TN, certified by the US Treasury’s CDFI Fund. |
| Tennessee Rural Development Fund LLC | Cookeville | Community development loan fund in Cookeville, TN, certified by the US Treasury’s CDFI Fund. |
| The First National Bank of Oneida | Helenwood | Community development bank or thrift in Helenwood, TN, certified by the US Treasury’s CDFI Fund. |
| The Housing Fund, Inc. | Madison | Community development loan fund in Madison, TN, certified by the US Treasury’s CDFI Fund. |
| Three Roots Capital | Knoxville | Community development loan fund in Knoxville, TN, certified by the US Treasury’s CDFI Fund. |
| United Housing, Inc. | Memphis | Community development loan fund in Memphis, TN, certified by the US Treasury’s CDFI Fund. |
| Wayne County Bank | Waynesboro | Community development bank or thrift in Waynesboro, TN, certified by the US Treasury’s CDFI Fund. |
| Citizens Bank | Elizabethton | 7(a) loans approved, fiscal year 2026: $226M |
| First Horizon Bank | Memphis | 7(a) loans approved, fiscal year 2026: $51M |
| FirstBank | Nashville | 7(a) loans approved, fiscal year 2026: $6.3M |
| Paragon Bank | Memphis | 7(a) loans approved, fiscal year 2026: $25M |
| Pinnacle Bank | Nashville | 7(a) loans approved, fiscal year 2026: $285M |
LPs based in Tennessee
Foundations, pension plans, and other LPs here that report the venture funds they hold, by the number they hold. Local LPs often back local managers.
About the data
An adviser’s state is where its Form ADV says its main office is. A fund-index firm is placed by the headquarters city the index lists, or by its Form ADV when the city doesn’t tell. Capital sources, LPs, and family offices are placed by the address their own register gives. Angel investors who list themselves are at hottub.vc/investors. Organizations only: no individuals are listed here, and a listing is a public record, not a recommendation. See the methodology.