PE/VC  Diamond State Ventures

     Office Locations:

200 River Market Avenue, Suite 400
Little Rock, AR 72201
Phone: 501-374-9247
Fax: 501-374-9425



  • Expansion
  • Middle Market



  • Information Technology
  • Life Sciences & Healthcare



    Diamond State Ventures is a private equity and venture capital firm with $225 million under management across three funds. DSV invests in small and lower middle market companies located in Arkansas and across the Midwest and Southeast United States. DSV is currently investing out of Diamond State Ventures III, LP, a $100 million SBIC fund, with a target investment size of $3 to $7 million as a sole investor or will facilitate and participate in a co-investor group of up to $25 million through our expansive network of co-investment partners. The firm's investments are typically structured as subordinated debt with warrants, preferred equity, or a combination of those securities. Since the formation of Diamond State's first fund in 1999, the firm has invested in 55 companies across a broad range of industries and financing structures. Diamond State's key investment criteria includes: minimum annual revenues of $10 million and an EBITDA between $2 and $6 million. The firm's preferred target industries are: niche manufacturing, business services, media, consumer products and services, education and healthcare services and technologies. Diamond State does not invest in seed or start-up companies.



      Fund Name



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    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
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    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.
    Joe T. Hays Managing Director & Co-Founder
    Larry B. Carter Managing Director
    Tyler A. Bozynski Vice President


    Portfolio companies include:

      Arkansas Automatic Sprinklers
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      Aviation Repair Technologies
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      Buse Industries
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      Cantrell Drug
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      Central States Bus Sales
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      Custom Marketing Company
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      HealthSCOPE Benefits
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      Home Health Holdings
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      I.O. Metro
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      Jahabow Industries
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      Kramer Group
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      Mission Critical Electronics
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      Rio Ranch Market
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      SureShot Drilling
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      Thermo Bond Buildings
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      Waples Manufacturing
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