Chattanooga startups attracted nearly $30 million from investors in 2015

Authored By chloe.morrison

Nineteeen Chattanooga companies raised nearly $30 million from investors in 2015, Launch Tennessee leaders announced Tuesday afternoon. 

Overall, the state’s businesses brought in $280 million, which brings aggregate investment in Tennessee startups to more than $945 million since the private-public partnership began tracking investment data in 2012.

Investment activity last year saw a 7 percent increase in aggregate capital raised with an 11 percent jump in investments of more than $3 million. 

“The spectacular growth of Tennessee as a center for startup innovation is a testament to the entrepreneurial culture of the region and has been exciting to watch,” Launch Tennessee CEO Charlie Brock said in a prepared statement. “Entrepreneurs and investors alike sent a strong message in 2015 that Tennessee is a fantastic place to launch a new business as we increased our investment total following a record year in 2014.”

At the current investment rate, total capital raised by Tennessee startups will exceed $1 billion early this year, which is ahead of LaunchTN’s target date of 2017.

Company Amount
Bellhops $13,499,996
Advanced Catheter Therapies $4,500,000
RootsRated $2,600,000
Iron Gaming $2,500,000
Feetz $1,249,999
Rhinogram $1,025,000
SIGNiX $750,000
Zipflip $750,000
Skuid $650,000
Tennessee Stillhouse $500,000
PriceWaiter $480,000
Escadrille $425,000
Ambition $250,000
Variable Inc. $200,000
Collider $150,000
JumpStart Foundry $150,000
Rapid RMS $100,000
Battle Bin $50,000
Chattanooga Startup Investment Activity for 2015