# Innova Memphis: portfolio, investments and team

> Innova Memphis is a government based in United States. 116 investments on record, 4 in the last 12 months, latest Sept 2026.

Source: https://millionrounds.com/fund/innova-memphis (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Innova Memphis

Last cheque observed Sep 2026; 116 cheques on record.

Deploying now New fund $31M, Dec 2016 Government

Pre-seed Seed Series A Healthcare Wellness Healthier Living

Deploying now

**40%** of best year **4** **cheques in 12 months**, 116 on record

Since the last cheque **34** days **00** hrs **00** min **00** sec

Median round **$1.8M** Cheque size, as they say **$100K – $1.0M** Rounds led **1 of 116** Sole investor **47 rounds** Mostly in **United States, 95%**

Pitch Innova Memphis

## Innova Memphis highlights

- 01 4 cheques in the last 12 months
- 02 Mostly Seed and Venture: 85% of its rounds
- 03 Sole investor in 47 rounds, median $310K

## What they do

> Innova Memphis has a new home. Go to innova.ag → From their own website

- **Type:** Government (from a list, unverified)
- **Cheque size:** $100K – $1.0M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Healthcare Wellness Healthier Living
- **Based in:** Memphis, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **116 appearances**

- **2026** 3 rounds
- **Sept** **[Lilac Agriculture](https://millionrounds.com/company/lilac-agriculture)** Seed · US · AgFunderNews **$2.3M** *Led*
- **May** **[FR8relay](https://millionrounds.com/company/fr8relay)** Grant · US **$200K** With 2 others
- **Mar** **[MedHaul](https://millionrounds.com/company/medhaul)** Venture · US **Undisclosed** With 2 others
- **2025** 10 rounds
- **Dec** **[Phinite](https://millionrounds.com/company/phinite)** Venture · US **$5.8M** With 2 others
- **Oct** **[FR8relay](https://millionrounds.com/company/fr8relay)** Grant · US **$100K** With 2 others
- **Sept** **[Insignum AgTech](https://millionrounds.com/company/insignum-agtech)** Seed · US **$2.4M** With 2 others
- **Jul** **[HerdDogg](https://millionrounds.com/company/herddogg)** Venture · US **$1.3M** With 4 others
- **May** **[PATH EX](https://millionrounds.com/company/path-ex)** Venture · US **$5.0M** With 3 others
- **Apr** **[Soiltech Wireless](https://millionrounds.com/company/soiltech-wireless)** Venture · US **$300K** With 1 other
- **Apr** **[SOMAVAC Medical Solutions](https://millionrounds.com/company/somavac-medical-solutions)** Venture · US **$8.4M** Sole investor
- **Apr** **[Prolific Earth Sciences](https://millionrounds.com/company/prolific-earth-sciences)** Seed · US **$160K** Sole investor
- **Mar** **[Lineus Medical](https://millionrounds.com/company/lineus-medical)** Series C · US **$4.6M** Sole investor
- **Mar** **[Soundways](https://millionrounds.com/company/soundways)** Venture · US **$2.1M** With 1 other
- **2024** 7 rounds
- **Nov** **[SwineTech](https://millionrounds.com/company/swinetech)** Venture · US **$3.6M** With 3 others
- **Sept** **[Birds Eye Robotics](https://millionrounds.com/company/birds-eye-robotics)** Seed · US **$448K** With 1 other
- **Aug** **[Lepidext](https://millionrounds.com/company/lepidext)** Venture · US **Undisclosed** With 2 others
- **May** **[Grain Weevil Corporation](https://millionrounds.com/company/grain-weevil-corporation)** Seed · US **$3.5M** With 2 others
- **Apr** **[Tractor Zoom](https://millionrounds.com/company/tractor-zoom)** Venture · US **$15M** With 2 others
- **Mar** **[Quantum Surgical](https://millionrounds.com/company/quantum-surgical)** Debt · FR **$32M** With 2 others
- **Feb** **[iYOTAH Solutions](https://millionrounds.com/company/iyotah-solutions)** Series A · US **$2.8M** Sole investor
- **2023** 4 rounds
- **Oct** **[Rantizo](https://millionrounds.com/company/rantizo)** Series A · US **$6.0M** Sole investor
- **Oct** **[American Autonomy, Inc.](https://millionrounds.com/company/american-autonomy-inc)** Series A **$6.0M** Sole investor
- **Jun** **[SecondKeys](https://millionrounds.com/company/secondkeys)** Venture · US **Undisclosed** With 3 others
- **Mar** **[Cast21](https://millionrounds.com/company/cast21)** Venture · US **Undisclosed** Sole investor
- **2022** 9 rounds
- **Dec** **[Beta Hatch](https://millionrounds.com/company/beta-hatch)** Venture · US **Undisclosed** With 2 others
- **Aug** **[Glanris](https://millionrounds.com/company/glanris)** Venture · US **$1.8M** Sole investor
- **May** **[ThroughPut](https://millionrounds.com/company/throughput)** Venture · US **Undisclosed** With 2 others
- **May** **[Hera Health Solutions](https://millionrounds.com/company/hera-health-solutions)** Venture · US **Undisclosed** With 2 others
- **Apr** **[Secure Food Solutions](https://millionrounds.com/company/secure-food-solutions)** Grant · US **$256K** With 1 other
- **Apr** **[Global Neighbor](https://millionrounds.com/company/global-neighbor)** Venture · US **$1.4M** Sole investor
- **Apr** **[Shepherd Farming](https://millionrounds.com/company/shepherd-farming)** Seed · US **$100K** With 2 others
- **Mar** **[Innatrix](https://millionrounds.com/company/innatrix)** Venture · US **Undisclosed** With 3 others
- **Mar** **[TradeLanes](https://millionrounds.com/company/tradelanes)** Venture · US **$5.0M** With 3 others
- **2021** 7 rounds
- **Dec** **[Ag Manufacturing & Technology](https://millionrounds.com/company/ag-manufacturing-and-technology)** Venture · US **Undisclosed** Sole investor
- **Nov** **[EarthSense](https://millionrounds.com/company/earthsense)** Grant · US **$50K** With 1 other
- **Nov** **[Shurpa](https://millionrounds.com/company/shurpa)** Venture · US **Undisclosed** With 1 other
- **Oct** **[Quantum Surgical](https://millionrounds.com/company/quantum-surgical)** Venture · FR **$47M** With 2 others
- **Aug** **[SweetBio](https://millionrounds.com/company/sweetbio)** Venture · US **Undisclosed** Sole investor
- **May** **[BioNova](https://millionrounds.com/company/bionova)** Series A **$1.0M** Sole investor
- **Mar** **[Thaddeus Medical](https://millionrounds.com/company/thaddeus-medical)** **$50K** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **5 named**

BW **Brandon Wellford** Executive Officer, Director i Filing they signed

DD **Dean Didato** Executive Officer, Director i Filing they signed

JC **Johannes Coenrardus Bouten** Executive Officer, Director i Filing they signed

KN **Kenneth Neal Woody** Executive Officer, Director i Filing they signed

SB **Steven Bares** Executive Officer, Director i Filing they signed

We also hold **9** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$116M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Innova Memphis, Inc.
- **SEC number:** CRD 173460

New fund on file

**$31M**

raised in Dec 2016

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$1.8M** the round, not its cheque Alone, median **$310K**

Led 1 of 116 rounds **1%**

- **Said size:** $100K – $1.0M
- **Sole investor:** 47 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed said *66*
- Venture *27*
- Series A said *10*
- Grant *4*
- Series B said *3*
- Pre-seed said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [MB Venture Partners](https://millionrounds.com/fund/mb-venture-partners) 30
- [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) 9
- [Right Side Capital Management](https://millionrounds.com/fund/right-side-capital-management) 4
- [Techstars](https://millionrounds.com/fund/techstars) 4
- [HATCHER+](https://millionrounds.com/fund/hatcher) 3
- [Invest Nebraska](https://millionrounds.com/fund/invest-nebraska) 3

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## Who they invest alongside

The investors most often in the same rounds as Innova Memphis. A count of rooms they were both in, not a relationship either has claimed.

[**MB Venture Partners** VC firm **30** rounds together](https://millionrounds.com/fund/mb-venture-partners)[**National Science Foundation** Government **9** rounds together](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno)[**Right Side Capital Management** VC firm **4** rounds together](https://millionrounds.com/fund/right-side-capital-management)[**Techstars** VC firm **4** rounds together](https://millionrounds.com/fund/techstars)[**HATCHER+** VC firm **3** rounds together](https://millionrounds.com/fund/hatcher)[**Invest Nebraska** Government **3** rounds together](https://millionrounds.com/fund/invest-nebraska)[**Launch Tennessee** Government **3** rounds together](https://millionrounds.com/fund/launchtn)[**Bpifrance** Government **2** rounds together](https://millionrounds.com/fund/bpifrance)[**Chattanooga Renaissance Fund (Chafund)** Angel network **2** rounds together](https://millionrounds.com/fund/chattanooga-renaissance-fund-chafund)[**European Investment Bank** Government **2** rounds together](https://millionrounds.com/fund/european-investment-bank)[**Google for Startups** Accelerator **2** rounds together](https://millionrounds.com/fund/google-for-startups)[**MassChallenge** Accelerator **2** rounds together](https://millionrounds.com/fund/masschallenge)

## Recently backed

The latest companies Innova Memphis put money into.

[**FR8relay** $200K · May 2026](https://millionrounds.com/company/fr8relay)[**MedHaul** Mar 2026](https://millionrounds.com/company/medhaul)[**Insignum AgTech** $2.4M · Sept 2025](https://millionrounds.com/company/insignum-agtech)[**HerdDogg** $1.3M · Jul 2025](https://millionrounds.com/company/herddogg)[**SOMAVAC Medical Solutions** $8.4M · Apr 2025](https://millionrounds.com/company/somavac-medical-solutions)[**Lineus Medical** $4.6M · Mar 2025](https://millionrounds.com/company/lineus-medical)

## Quick answers about Innova Memphis

### What does Innova Memphis invest in?

Innova Memphis invests most often at Seed and Venture (85% of the rounds on record), in sectors such as Healthcare, Wellness and Healthier Living.

### How active is Innova Memphis?

116 investments on record, 4 of them in the last 12 months, and it led 1. The most recent was in Sept 2026.

### What has Innova Memphis invested in recently?

Its most recent investments on record: Lilac Agriculture (Seed, Sept 2026), FR8relay (Grant, May 2026) and MedHaul (Venture, Mar 2026).

### How big are Innova Memphis's cheques?

The median round it joins is $1.8M. It says it writes cheques of $100K to $1.0M.

### Does Innova Memphis lead rounds?

Sometimes: it led 1 of its 116 investments on record (1%).

### Where does Innova Memphis invest?

Most of the companies it backs are in the United States (95%) and France (5%).

### Is Innova Memphis investing now?

Yes: it is actively investing, with 4 investments in the last 12 months.

### Who does Innova Memphis invest alongside?

Most often MB Venture Partners (30 rounds together), National Science Foundation (9 rounds together) and Right Side Capital Management (4 rounds together).

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