Established in 2009 by Fran F. Marcum, the Managing Partner of Marcum Capital of Tullahoma, Tenn, NEST-TN is a seed and early-stage venture capital firm that has been making significant strides in fostering the growth of young Tennessee-based companies. With its head office situated at 414 Wilson Ave, Tullahoma, TN 37388, US, the company operates with a strong focus on advanced manufacturing and materials, energy and environmental clean technologies, and information and digital media technologies.
In 2010, the State of Tennessee recognized NEST-TN's commitment to the development of young businesses by certifying the firm as a TNInvestco, subsequently awarding it a $20 million state tax credit allocation. This allocation was specifically earmarked for the purpose of investing in young Tennessee-based companies that show high potential for growth and success in their respective industries.
To ensure that these investments are managed effectively and efficiently, NEST-TN has assembled an experienced and knowledgeable team of investment managers. This team is composed of Fran F. Marcum, Cameron A. Newton, E. Brac Thoma, Richard A. Bendis, Matthew A. Wiltshire, and Joseph P. Binkley III. These individuals bring a wealth of expertise in various fields such as venture capital, private equity, and technical knowledge in the company's specialized industries.
As a venture capital and private equity firm, NEST-TN plays a critical role in supporting young businesses in Tennessee by providing them with the necessary financial resources and guidance to help them scale and succeed in their respective industries. By doing so, the firm contributes to the overall economic growth of the state and helps create new job opportunities for its residents.
To learn more about NEST-TN and its portfolio of investments, you can visit their official website at http://www.nest-tn.com. This online platform provides valuable insights into the company's mission, vision, and the various projects that they have been involved in since their inception.