Nashville Capital Network

NCN operates a dual model: it manages pooled early-stage funds (NCN Partners series) and runs a separate angel network of experienced local operators who invest individually on a deal-by-deal basis. The fund typically leads or co-leads priced rounds, while angel network participants invest alongside through syndication. This structure allows institutional discipline around pricing while preserving flexible, operator-driven capital for founders.

NCN was incubated and launched by Clayton Associates, the Nashville-based family office and venture platform founded by healthcare entrepreneur Larry Kloess. Clayton Associates provided the initial infrastructure and continues to anchor the network, though NCN operates as a distinct entity with its own fund management and investor base.

NCN focuses on Seed and Series A rounds, with initial checks generally ranging from $250,000 to $2 million depending on the fund vehicle and co-investor mix. The firm reserves capital for follow-on investments across subsequent rounds when portfolio companies perform.

While Nashville and Tennessee represent the core geographic focus, NCN participates in deals across the broader Southeast and occasionally co-invests alongside coastal funds seeking Nashville-area exposure. The firm's network and reputation are strongest within the Tennessee capital ecosystem.

Companies typically engage NCN through a single point of contact — the fund's investment team — which evaluates opportunities for both the institutional fund and the angel network. A deal may receive capital from the fund, individual angel network members, or both simultaneously, structured as a single syndicated round.