The 5 Best VC Firms In Memphis, TN [2024]

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Updated: October 19th, 2022

Are you looking for a VC firm for your Memphis, TN based startup?

Finding the right investment firm for your startup can be a daunting task.

There are a number of successful venture capital firms in Memphis, TN, and we've curated a list of the best local firms in the area. Additionally, we provide you with:

Investment size
Funding stages
Typical industries the firm works with
Well known companies the VC firm has invested in

Here's the list:

1. SSM Partners

Location: Memphis, TN
Industries: Healthcare Software & Services, B2B
Investment Range: $10M-$30M
Stage: Series B
Companies invested in: Mnet Health, ProviderTrust, SmashFly

SSM Partners provides growth capital to profitable companies in the Healthcare Software & Services, B2B industries.

For more than 25 years this firm is helping to accelerate the success of its portfolio companies by making long-term investments and helping them realize their vision.

SSM Partners' investment range is anywhere between $10M to $30M in minority or majority positions.

Learn more about SSM Partners ➜

2. Innova Memphis

Location: Memphis, TN
Industries: Technology, Healthcare, AgTech, Logistics & Supply Chain, B2B Tech, Home Services
Investment Range: Not disclosed
Stage: Seed Stage
Companies invested in: L7 Logistics, AgriSync, Restore Medical

Innova Memphis is an early-stage VC firm investing in high-growth companies across different sectors.

Though this firm invests in a lot of different industries, its primary focus is on Technology, Healthcare, and AgTech.Innova seeks great founders with innovative business ideas to create disruptive products and services.

Since its foundation in 2007, Innova has helped many companies grow from their pre-seed stage to become fully thriving businesses.

Learn more about Innova Memphis ➜

3. MB Venture Partners

Location: Memphis, TN
Industries: Biotechnology and Medical Devices
Investment Range: Not disclosed
Stage: Series A
Companies invested in: BioMimetic, KFx Medical, Zyga

MB Venture Partners provides growth capital and business guidance to amazing life sciences companies.

The firm is primarily focused on investing in companies that are dedicated to finding solutions for musculoskeletal diseases.

This Memphis-based VC firm was founded in 2001 and to date has invested in over 40 start-ups and has more than $120 million of capital under management.

Learn more about MB Venture Partners ➜

4. Dobbs Equity Partners

Location: Memphis, TN
Industries: Healthcare, Manufacturing, Distribution, Business Franchises, Industrial & Specialty Business Services, Maintenance & Repair Businesses
Investment Range: $3M-$25M
Stage: Series A
Companies invested in: Finishing Innovations, LLC, Diamond Specialty, The Universal Group, LLC

Dobbs Equity Partners seeks to invest in private companies with innovative, hard-working, and passionate management teams.

Though they prefer to partner with experienced and business executives, they are also open to investing in promising startups with strong growth potential.

The firm's investment ranges from $3M-$25M at the initial phase.

Learn more about Dobbs Equity Partners ➜

5. NewSouth Capital

Location: Memphis, TN
Industries: Technology, Industrials, Healthcare, Telecommunications, Real Estate, Consumer Discretionary, Financials
Investment Range: Not disclosed
Stage: Series A

NewSouth Capital is an independently owned investment firm based in Memphis, TN.

The firm was founded in 1985, and since then has invested in numerous small-cap, small-mid cap, and mid-cap companies.

They generally hold 25 to 35 companies in their portfolio and provides them with the capital and business expertise necessary to grow and reach newer heights.

Learn more about NewSouth Capital ➜

Learn more about VC firms in other cities in Tennessee:

VC Firms In Nashville, TN

meet the author

Pat Walls

I'm Pat Walls and I created Starter Story - a website dedicated to helping people start businesses. We interview entrepreneurs from around the world about how they started and grew their businesses.

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