VC firm
Meritus Ventures
Also known as Meritus Ventures, L.P.
- Investor type
- VC
- Assets under management
- $36.4MStated by firm, as of 2026-09-22Source (opens in a new tab)
- Check size
- $250K to $2.5MSource (opens in a new tab)
- Legal name
- Meritus Ventures, L.P.
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Record updated 30 September 2026
About
Meritus Ventures, L.P. (Meritus) is a $36.4 million venture capital fund formed to make equity investments in private, expansion-stage companies in predominantly rural areas in central and southern Appalachia.
Investment approach
- Thesis
- The Fund's mission is to generate market-rate returns for its investors while promoting shared and sustainable business growth and wealth creation throughout its target region.Source (opens in a new tab)
- Leads rounds
- Sometimes
- Lead policy
- The Fund may be a sole investor on occasion but most likely will lead an investment syndicate or co-invest in a round led by another institutional investor.
- Takes board seats
- Yes
- Board policy
- The Fund Managers also add value to the Fund's portfolio companies through operational assistance, active board participation, and mentoring.
- Reserves policy
- The Fund will generally invest in two or more rounds based on the accomplishment of milestones by the portfolio company.
- Eligibility
- The Fund will invest in rural areas in the Appalachian regions of Ohio, West Virginia, Virginia, North Carolina, South Carolina, Georgia, Alabama, Mississippi, and the entire states of Arkansas, Kentucky and Tennessee.
Locations
- Office
- Knoxville, Tennessee, United States
- Office
- London, KY, United States
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