Innova Memphis
- Company typePrivate
- Founded2007
- HeadquartersMemphis, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
Innova Memphis firmographics
Firmographics- Name
- Innova Memphis
- Legal name
- INNOVA MEMPHIS, INC.
- Website
- https://www.innova.ag
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Innova Memphis industry classification
Industry- Product category
- Early-stage Venture Capital
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Early-Stage Venture Capital (Pre-Seed/Seed) (FSANAAAA)
- akta.pro secondary industry
- Early-Stage Venture Capital (Series A/B) (FSANAAAB)
Keywords
Where Innova Memphis is headquartered
LocationHeadquarters
- HQ city
- Memphis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Innova Memphis business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Others
Revenue model
- Investment Returns: Innova generates returns through equity investments in early-stage companies. The firm invests anywhere from $100,000 to $3 million in a company, typically investing around half a million dollars. They co-invest with other angel investors or firms and aim to achieve significant investment returns through exits via acquisitions or IPOs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Standard investment range |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Innova Memphis product offering
Product offeringCore offering
Innova Memphis is an early-stage venture capital firm that invests $100,000 to $3 million (typically around $500,000) into pre-seed, seed, and Series A startups in AgTech/FarmTech, biosciences, medical devices, and B2B technology, providing both equity capital and hands-on mentorship. The firm manages dedicated funds such as the $40M Ag Innovation Fund VI (Rural Business Investment Program) and the $31M Ag Innovation Fund IV, and operates the ZeroTo510 medical device accelerator.
Product overview
Innova Memphis is a venture capital firm, not a product company. Its offering consists of early-stage investment funds and a portfolio of investee companies. The primary funds are the $40M Innova Ag Innovation Fund VI (Rural Business Investment Program) and the $31M Innova Ag Innovation Fund IV. The firm has invested over $57M in 119 startups, attracting over $125M of outside capital. The portfolio spans three main categories: AgTech/FarmTech companies (precision agriculture, livestock tech, drones, robotics, sustainable farming), MedTech companies (surgical devices, diagnostics, wound care), and B2B Tech companies (fintech, logistics, data analytics). The firm also operates the ZeroTo510 accelerator program for medical device startups.
Differentiator
Problem solved
Functional benefit
Brands
- Innova Ag Innovation Fund: Specialized investment fund focused on agtech and farmtech companies in rural America, part of the Rural Business Investment Program (RBIP).
- ZeroTo510
Products and services
- Innova Ag Innovation Fund VI A $40 million venture capital fund focused on early-stage FarmTech and AgTech companies, structured as part of the Rural Business Investment Program (RBIP) bringing capital to rural areas of the US. Targeted at high-IP AgTech startups.
- Innova Ag Innovation Fund IV A $31 million fund focused solely on agtech companies, anchored in rural America, working with national farm organizations to identify and accelerate high-growth-potential companies in the agtech sector.
- ZeroTo510 Medical Device Accelerator A startup accelerator program that has nurtured companies including SweetBio and Cast21, providing mentorship, resources, and early-stage funding for medical device and healthcare startups based in Memphis.
Companies that use Innova Memphis
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles3 records
Innova Memphis technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Innova Memphis partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- The Combine IncubatorminorGrain Weevil joined this food and agriculture technology incubator program in Lincoln for commercialization guidance.
- Ag Startup EngineminorPortfolio company Birds Eye Robotics accepted into startup program at Iowa State University Research Park.
Scale indicators6 records
Recent moves4 records
Expansion highlights5 records
Innova Memphis competitors and assessment
Company assessmentDirect peers
- AgFunder: AgFunder is a venture capital platform and news/research outlet focused on AgriFoodTech startups globally. Both firms invest in early-stage AgTech and have been recognized in the same AgFunder Farm Tech Report rankings as leading early-stage investors.
- Cultivian Sandbox Ventures: Cultivian Sandbox is an AgTech-focused venture fund investing in early- and growth-stage food and agriculture technology companies. Directly comparable in focus area (AgTech), stage (early-stage), and check sizes ($0.5M-$5M).
- Lewis and Clark AgriFood: Lewis and Clark AgriFood is a St. Louis-based food and agriculture fund that has co-invested with Innova in portfolio companies like Stony Creek Colors. Both are Midwestern early-stage AgTech investors with comparable fund sizes and stage focus.
- Fulcrum Global Capital: Fulcrum Global Capital is an early-stage AgTech fund that has co-invested with Innova Memphis in Rantizo's Series A expansion. Both firms deploy comparable check sizes in early-stage rural AgTech startups.
- Cavallo Ventures: Cavallo Ventures is the corporate venture arm of Wilbur-Ellis focused on AgTech and animal nutrition. Has co-invested with Innova in Beta Hatch. Both target early-stage AgTech with corporate VC synergies.
- Fall Line Capital: Fall Line Capital is an AgTech venture fund focused on rural American farmland and adjacent technologies. Similar geographic focus (rural US) and early-stage AgTech mandate make it a close comparable to Innova Memphis.
- Anterra Capital: Anterra Capital is a global venture capital investor focused on food, agriculture, and animal health. Comparable early-stage AgTech focus with similar fund size and stage orientation, though with broader international reach.
- Serra Ventures: Serra Ventures is an early-stage technology fund with food and agriculture focus that has led rounds alongside Innova Memphis (e.g., HerdDogg Series A-4). Comparable early-stage AgTech investor with similar check sizes and Midwest roots.
Broad incumbents
- S2G Ventures: S2G Ventures is a larger, established AgriFoodTech fund managing over $1B AUM across multiple funds. Operates in the same early-stage AgTech space as Innova but at materially larger scale and broader geographic scope.
- Leaps by Bayer: Leaps by Bayer is the corporate VC arm of Bayer investing in agriculture and health. Has led rounds in Rantizo with Innova Memphis participating. Larger scale and broader investment scope make it a broad incumbent comparable.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Innova Memphis social profiles
Digital presenceInnova Memphis financial estimates
Financial estimateRevenue estimate
Valuation estimate
Innova Memphis leadership team
Management profileNumber of profiles
Profiles3 records
Innova Memphis funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Innova Memphis M&A and investment
M&A and investmentM&A
Investments302 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Innova Memphis
What does Innova Memphis do?
Innova Memphis is an early-stage venture capital firm that invests $100,000 to $3 million (typically around $500,000) into pre-seed, seed, and Series A startups in AgTech/FarmTech, biosciences, medical devices, and B2B technology, providing both equity capital and hands-on mentorship. The firm manages dedicated funds such as the $40M Ag Innovation Fund VI (Rural Business Investment Program) and the $31M Ag Innovation Fund IV, and operates the ZeroTo510 medical device accelerator.
Is Innova Memphis a public or private company?
Innova Memphis is a private company. It is classified as venture growth investor backed and is currently operating.
When was Innova Memphis founded?
Innova Memphis was founded in 2007. It employs 1 to 10 people.
Where is Innova Memphis based?
Innova Memphis is headquartered in Memphis, United States, in the North America region.
How does Innova Memphis make money?
One revenue line is on record: investment Returns.
Who are Innova Memphis's main competitors?
Direct peers on record are AgFunder, Cultivian Sandbox Ventures, Lewis and Clark AgriFood, Fulcrum Global Capital, Cavallo Ventures, Fall Line Capital, Anterra Capital and Serra Ventures. Broad incumbents are S2G Ventures and Leaps by Bayer.
Does Innova Memphis have an API?
No public API is recorded for Innova Memphis.
What industry is Innova Memphis in?
Innova Memphis's product category is Early-stage Venture Capital. Its primary akta.pro industry code is FSANAAAA, Early-Stage Venture Capital (Pre-Seed/Seed), with a secondary code of FSANAAAB, Early-Stage Venture Capital (Series A/B). Its NAICS code is 523940 and its SIC code is 6282.