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Nashville Capital Network

North America, Tennessee, United States, Nashville

Description

Nashville Capital Network (NCN) is a prominent for-profit limited partnership established in 2003, dedicated to providing equity capital to early-stage companies. Based in Nashville, Tennessee, NCN primarily focuses its investments on the healthcare and technology sectors, with a strong geographic emphasis on the Southeast United States. Its strategic approach aims to foster growth within these critical industries by supporting innovative startups.

NCN operates by managing a series of angel funds, having successfully raised capital across eight distinct funds since its inception. Collectively, these funds have amassed over $60 million in committed capital, demonstrating a consistent ability to attract investor interest. Their most recent fund, NCN Angel Fund VIII, closed in 2022 with $15 million, underscoring their ongoing commitment to new investments.

The firm's investment strategy typically involves initial checks ranging from $250,000 to $1,000,000, targeting companies poised for significant growth. To date, Nashville Capital Network has invested in over 70 companies, building a diverse portfolio across its core sectors. Beyond initial funding, NCN plays an active role in supporting its portfolio companies, having facilitated over $1.5 billion in follow-on capital, which significantly aids in their long-term development and expansion.

Investor Profile

Nashville Capital Network has backed more than 58 startups, with 1 new investments in the last 12 months alone. The firm has led 12 rounds, about 21% of its total and boasts 14 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, Canada.
  • Strong thematic focus on Health Care, Medical, Software.
  • Typical check size: $250K – $1M.

Stage Focus

  • Series A (29%)
  • Seed (17%)
  • Series Unknown (17%)
  • Series B (16%)
  • Series C (14%)
  • Private Equity (3%)
  • Pre Seed (2%)
  • Series D (2%)

Country Focus

  • United States (95%)
  • Canada (3%)

Industry Focus

  • Health Care
  • Medical
  • Software
  • Biotechnology
  • Enterprise Software
  • Health Diagnostics
  • Analytics
  • Pharmaceutical
  • Advertising
  • Consulting
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Nashville Capital Network frequently co-invest with?

FCA Venture Partners
North America, Tennessee, United States, Brentwood
Co-Investments: 4
Clayton Associates
North America, Tennessee, United States, Nashville
Co-Investments: 7
MV
North America, Tennessee, United States, Nashville
Co-Investments: 4
Hyde Park Venture Partners
North America, Illinois, United States, Chicago
Co-Investments: 3
N
North America, Tennessee, United States, Tullahoma
Co-Investments: 2
Council Capital
North America, Tennessee, United States, Nashville
Co-Investments: 3
Launch Tennessee
North America, Tennessee, United States, Nashville
Co-Investments: 4
Innova Memphis
North America, Tennessee, United States, Memphis
Co-Investments: 3
Echo Health Ventures
North America, Washington, United States, Seattle
Co-Investments: 3
C&
North America, Tennessee, United States, Nashville
Co-Investments: 3

Which angels does Nashville Capital Network often collaborate with?

Adrian Camara
North America, Alberta, Canada, Calgary
Shared Deals: 1
John Phillips
North America, Indiana, United States, Indianapolis
Shared Deals: 1
C Brian Fox
North America, Tennessee, United States, Nashville
Shared Deals: 1

What are some of recent deals done by Nashville Capital Network?

ModifyHealth

Alpharetta, Georgia, United States

ModifyHealth is a digital health platform that offers medically tailored meals and nutritional counseling.

FitnessFood and BeverageFood DeliveryHealth CareSustainability
Series CDec 4, 2024
Amount Raised: $13,500,000
PayShepherd

Calgary, Alberta, Canada

PayShepherd is a fintech platform that helps you manage your contractor billing.

BillingFinancial ServicesFinTech
SeedMar 6, 2024
Amount Raised: $5,180,369
UnityAI

Nashville, Tennessee, United States

UnityAI uses AI to enhance the management of hospital beds, optimize resource allocation, and elevate the quality of patient care.

Artificial Intelligence (AI)Electronic Health Record (EHR)Health Care
SeedFeb 20, 2024
Amount Raised: $4,000,000
HubSync

Alexandria, Virginia, United States

HubSync develop a tax integration platform designed to simplify and automate the tax preparation and consulting process.

AccountingFinancial ServicesSoftware
Series AMay 1, 2023
ModifyHealth

Alpharetta, Georgia, United States

ModifyHealth is a digital health platform that offers fresh, delicious, fully-prepared, low-FODMAP, and gluten-free meals.

FitnessFood and BeverageFood DeliveryHealth CareMedicalSustainability
Series BJan 10, 2023
Amount Raised: $10,000,000
Freedom Games

Gurley, Alabama, United States

Freedom Games operates as a game publisher that provides support to independent game developers.

Online GamesPC GamesVideo Games
Series ANov 4, 2022
Amount Raised: $10,000,000
Spiny

Nashville, Tennessee, United States

The AI-powered, content monetization platform, providing publishers with true ROI reporting with 100% of revenue for the first time

Ad NetworkDigital MediaSaaSSoftware
Pre SeedOct 19, 2022
Amount Raised: $2,500,000
Upfront Healthcare Services

Chicago, Illinois, United States

Upfront Healthcare is a developer of patient navigation platform designed to combine analytics, dynamic content, and automated outreach.

AnalyticsHealth CareHospital
Series CSep 6, 2022
Amount Raised: $10,500,000
CareHarmony

Brentwood, Tennessee, United States

CareHarmony is the premier provider of technology-enabled care coordination services for chronic disease management.

Health CareInformation TechnologyMedical
Series AAug 15, 2022
Amount Raised: $15,000,000
PayShepherd

Calgary, Alberta, Canada

PayShepherd is a fintech platform that helps you manage your contractor billing.

BillingFinancial ServicesFinTech
SeedJun 7, 2022
Amount Raised: $3,030,992