Chattanooga’s Dynamo Ventures, a supply chain-focused seed stage venture capital fund, has successfully raised a $43.21 million Fund II.
Dynamo Ventures’ new effort is a significant increase over Fund I that was announced at $18 million when it was closed in 2016. According to last week’s announcement, the firm will continue to write checks to early stage companies in the freight tech sector of anywhere from $250,000 to $1.2 million.
Operated by Ted Alling, Jon Bradford, Barry Large and Santosh Sankar, Dynamo Ventures is a great example of local Founders investing back in their community after a successful exit. In Dynamo Ventures case, the fund traces its roots to Access America which was sold to Coyote Logistics in 2014 which was acquired the next year by UPS.