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Private Resources

Venture Capital in Kentucky

Over the past few years, Kentucky has been aggressively acting to be a venture capital investor itself, creating incentives to encourage private investments in venture capital funds, and enacting legislative changes that promote the organization and operation of venture capital funds in Kentucky. Together, these efforts are promoting a venture capital industry in Kentucky that can support our state’s entrepreneurs and is uniquely committed to investing in companies located in Kentucky.

Commonwealth Seed Capital, LLC

CSC is dedicated to creating high-technology jobs by providing needed seed capital for high growth potential, high-technology companies that are based on innovation, have a meaningful Kentucky presence, and are expected to generate significant profits for investors.

Target Industries: Any business with a technology-oriented component.

Out of bounds industries: N/A

Target ROI / Timeframe: CSC has the same ROI expectations as any other seed stage investor.

State of Client Development: CSC primarily participates in seed stage investment rounds alongside other angel, seed and venture capital investors (who serve as the lead investors). Seed stage rounds, for purposes of CSC, are defined as those in which companies have a pre-investment market value of less than $3 million (depending on industry) and are pursuing less than $1.5 million in equity funding.

Revenue Requirement: N/A

Typical Investment Size: Up to $250,000 per round. CSC also invests differing amounts in other angel, seed or venture capital funds.

Investment Conditions: Company must have the majority of its assets in Kentucky. Prefer observer seat on the board. Number of investments per year: Varies

Main Contact: Commissioner Deborah Clayton, Department of Commercialization and Innovation at the Kentucky Cabinet for Economic Development. You may also inquire with Growth Services, the CSC fund manager, at www.GrowthServicesLLC.com 300 West Broadway, Old Capitol Annex, Frankfort KY 40601 www.thinkkentucky.com/DCI/DCIStateRes.aspx (502) 564-7670.


Click Here for more information on Private Venture Capital Sources.

 


Contact Us

Email:
econdev@ky.gov

Address::
Kentucky Cabinet for
Economic Development
Old Capitol Annex
300 West Broadway
Frankfort, KY 40601

Phone:
800-626-2930
502-564-7140