TLDR:
- Edison Partners, a VC firm with $1.7B in assets, opens a Nashville office in Wedgewood-Houston.
- They target high-growth companies in various sectors outside of Silicon Valley.
Princeton, N.J.-based growth equity investment firm Edison Partners recently opened an office at Nashville Warehouse Company in Wedgewood-Houston. Managing $1.7 billion in assets, Edison focuses on high-growth vertical SaaS, financial technology, and health care IT companies located outside Silicon Valley with revenue ranging from $10 million to $30 million. The firm makes minority and control investments of $10 million to $40 million, and their active portfolio has created an aggregated market value exceeding $10 billion.
Edison Partners has invested in growth-stage technology companies in emerging tech hubs outside of Silicon Valley and was one of the first software investors in the Mid-Atlantic corridor. Over 70 percent of their portfolio companies operate in markets beyond Silicon Valley and New York City. The opening of the Nashville office signals their excitement to be a part of the growing community and economic growth in the Southeast, embracing the technological momentum in the region.
Chris Sugden, managing partner at Edison Partners, expressed enthusiasm about building a presence in Nashville. He highlighted the strong business network, talent pool from local universities, and business-friendly policies that support young companies in the region. Terms of the lease with Nashville Warehouse owner AJ Capital Partners were not disclosed, and Jeremiah Pyron from real estate advisory firm Sagemont assisted in finding the office space for Edison Partners.
Overall, the move to open an office in Nashville demonstrates Edison Partners’ commitment to supporting high-growth companies in a variety of sectors outside of traditional tech hubs, aiming to be a key player in fostering innovation and economic development in the region.
