Growth Equity Firm Edison Partners Opens New Nashville Office
April 17 2024 - 7:00AM
Business Wire
Leading tech investor cites region’s booming
innovation and strong talent pool
Growth equity investment firm Edison Partners announced today
that it has opened a new office in Nashville, Tennessee located at
the Nashville Warehouse Company in the Wedgewood Houston
neighborhood.
The 38-year-old firm is known for its investments in
growth-stage technology companies in emerging tech hubs of North
American markets outside of Silicon Valley and was one of the first
software investors in the Mid-Atlantic corridor. More than seventy
percent of its portfolio companies reside in markets beyond Silicon
Valley and New York City. Cities represented by the firm’s last
dozen investments range from Birmingham, AL, Dallas, Houston,
Newark, NJ, and Zionsville, IN.
“We’re thrilled to have a physical presence in Nashville and
join this community. Economic growth in the Southeast has been
tremendous and technology momentum is in the early innings in the
region,” said Chris Sugden, managing partner of Edison Partners.
“The region brings together a strong business network and nearby
universities graduating incredible talent. This is matched with
supply chain, logistics and business-friendly policy that supports
young companies. All are critical elements in growing the types of
companies we partner with, which range from $10M to $50M
revenue.”
Edison Partners specializes in high-growth, capital-efficient
companies in healthcare IT, financial technology and vertical
software sectors, and is deploying its tenth fund. The firm is
generally the lead investor, making $10-40M minority and control
investments. Its portfolio companies include names like 120Water,
CapitalRx, Dash Solutions, Macrofab, MoneyLion, Overhaul, Solutions
By Text, Take Command Health, and Zelis.
“As a top tier destination for business and entrepreneurship
with notable strengths in both healthcare and fintech, Nashville is
a perfect location for Edison’s expansion,” said Tennessee
Department of Economic & Community Development Commissioner
Stuart C. McWhorter. “I welcome Edison to Tennessee and believe our
state has the right assets to support both Edison and other private
equity firms considering locating and investing in Tennessee’s
entrepreneurs and high growth companies.”
The firm’s new location at the Nashville Warehouse Co. is part
of Nashville’s Wedgewood Village, owned and managed by vertically
integrated real estate investment manager AJ Capital Partners.
Wedgewood Village comprises an 18-acre mixed-use campus that
collectively represents more than 1.6 million square feet and
features high-profile tenants, including Soho House, the Academy of
Country Music, and Pastis, among other entertainment and tech
giants. Jeremiah Pyron, partner at real estate advisory firm
Sagemont, assisted Edison Partners in its search for office
space.
Roughly half the firm’s staff will be based in the Nashville
office initially, with plans to expand significantly in Nashville
going forward.
About Edison Partners
Edison Partners is a leading growth equity firm providing the
financial and intellectual capital that CEOs and their executive
teams need to grow and scale their companies. The firm’s team
brings more than 275 years of combined investing, operating and
sector experience to each investment, accessible via the Edison
Edge value creation platform, which is tailored to each business’
strategy, stage and operating needs. Edison targets high-growth
vertical SaaS, financial technology and healthcare IT companies
located outside Silicon Valley with $10 million to $30 million in
revenue. Investments also include buyouts, recapitalizations,
spinouts, and secondary stock purchases. Named as a Top Growth
Investment Firm by GrowthCap for two years running, Edison’s active
portfolio has created aggregated market value exceeding $10
billion. Edison Partners manages $1.7 billion in assets. For more
information on Edison Partners, please visit edisonpartners.com and
follow on LinkedIn.
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Media: Gregory Papajohn gregory@archiegroup.com