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Commonwealth Seed Capital is an independent investment fund providing sustained capital to early-stage Kentucky businesses. It focuses on bridging the funding gap between initial seed capital and the resources needed for scaling, enabling the commercialization of innovation. Strategic investments target companies with a substantial in-state presence, aiming to foster growth and generate financial returns across various sectors.
Operating for over 25 years, Commonwealth Seed Capital was established to offer a consistent and experienced investment source. It empowers promising Kentucky-based ventures to accelerate progress and expand their market footprint, fulfilling the need for growth funding for local innovators. The fund’s inception addressed a critical requirement within the state’s entrepreneurial ecosystem.
The fund backs Kentucky entrepreneurs developing solutions in health, bioscience, information technology, advanced manufacturing, and environmental technologies. Commonwealth Seed Capital envisions shaping Kentucky's innovative landscape by empowering businesses to address complex challenges and introduce groundbreaking solutions, ensuring a dynamic environment for local innovation.
Commonwealth Seed Capital has 3 tracked investments across 3 companies. The latest tracked deal is $3.0M Series A in Lumenari in October 2018.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 1, 2018 | Lumenari | $3.0M Series A | Jeremy Blank, Joseph Malchow, TJ Rodgers, James David Vance | Cultivation Capital, Flyover Capital, Gutbrain Ventures, Hyde Park Venture Partners, Revolution, Band OF Angels, Blue Grass Angels, Kentucky Science & Technology Corporation |
| Dec 1, 2015 | Sentry Health | $4.0M Series A | Bruce Lunsford | OCA Ventures, Doug Cobb, Entrepreneur Angels Fund, Kentucky Science & Technology Corporation, University OF Louisville Foundation |
| Feb 6, 2014 | TNG Pharmaceuticals | $4.6M Series A | Yearling Fund | AIM Group, Blue Grass Angels, Goose Capital, Ogle Foundation, Texas Halo Fund, University OF Louisville Foundation |