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NEST-TN operates as a seed and early-stage venture capital firm, providing capital and guidance to emerging businesses. It specializes in nurturing promising startups within Tennessee, offering financial backing and expertise. The firm helps companies scale operations and develop offerings, fostering sustainable growth within its portfolio.
Fran F. Marcum, also managing Marcum Capital from Tullahoma, Tennessee, established the firm in 2009. Marcum founded NEST-TN with the insight that a dedicated investment vehicle would strengthen the local entrepreneurial landscape. This initiative addressed nascent businesses' funding needs, stimulating economic development statewide.
NEST-TN primarily serves young, growth-oriented Tennessee companies, acting as a crucial early-stage financial partner. Its vision centers on cultivating a robust ecosystem for innovation and expansion statewide. They provide enterprises with resources to thrive, contributing to job creation and economic vitality.
Nest-TN has 1 tracked investment across 1 company. The latest tracked deal is $5.0M Series C Extension in NuScriptRx in August 2012.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 27, 2012 | NuScriptRx | $5.0M Series C Extension | Rick Apple | Clayton Associates, Envest, Innova Capital, Nashville Capital Network |