VC  Meritus Ventures

http://meritusventures.com




     Office Locations:

P.O. Box 1738
362 Old Whitley Road
London, KY 40743-1738
Phone: 606-864-5175
Fax: 606-864-5194

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Stages:

  • Expansion
  • Growth
 

Industries:

  • Information Technology
  • Manufacturing & Industrial
  • Software & Internet
  • Sports & Entertainment


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    Description:

    Meritus Ventures, LP is a $36.4 million venture capital fund formed to make equity investments primarily in private, expansion-stage companies in predominantly rural areas in central and southern Appalachia. The Fund focuses specifically on companies in Arkansas, Kentucky and Tennessee, and the Appalachian counties of Ohio, West Virginia, Virginia, North Carolina, South Carolina, Georgia, Alabama, and Mississippi. In addition, Meritus can provide operational assistance to portfolio companies and prospective portfolio companies. Meritus Ventures is a Rural Business Investment Company (RBIC), formed in response to the creation of the Rural Business Investment Program (RBIP) by the U.S. Department of Agriculture (USDA) in 2002. The Fund will invest $250,000 to $2.5 million in each portfolio company and has a broad industry focus that includes, but is not limited to, manufacturing, technology, and software.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)    		No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)    		$2M-$7M
    Expansion Stage
    (also called Late-stage)    		$7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Brenda McDaniel CFO
    Cindy Bowles Accounting and Reporting Manager
    Grady Vanderhoofven Fund Manager
    Melissa Conn Associate
    Melissa Muendel Director of Fund Administration and Director of Operational Assistance

     

    Portfolio companies include:


      Arkansas Automatic Sprinklers


      Gridsmart Technologies


      SinglePipe Communications


      Superior Fabrication


      Virtulytix


      Wazoo Sports


     

    Recent News:


      There is no recent news for Meritus Ventures.