The Lighthouse Fund announces new portfolio company

Lighthouse FundThe Lighthouse Fund announced yesterday that it had added a new portfolio company to its list of investments.

“We are happy to share with you the PR on our latest portfolio company, Canopy,” Geoff Robson, President of the fund, announced in a late afternoon news release. “We participated in this round with Lowe’s Ventures and the NC Idea Fund. The company was referred to us by one of our investors out of North Carolina.”

Robson added that the investment is part of The Lighthouse Fund’s strategy to “build relationships with venture funds in the Southeast and Midwest to increase the pool of available capital in East Tennessee. This is a great example of how these efforts will help our entrepreneurial ecosystem in the long run.”

To read about Canopy, click here.

Stay connected with us on Twitter and LinkedIn. Article ideas and other suggestions should be sent to tballard@pyapc.com. Include the name and contact information (phone and email) for follow-up.