Category Archives: Venture Capital

Venture capital investments are back

Economy watchers have multiple reasons to be happy today — oil prices fell, the hiring outlook is the best in years and consumer spending is improving.

But the best news of all is that venture capitalists are back in the game. Total VC investments were up 11 percent and the number of deals rose 6 percent in 2010, according to the Dow Jones VentureSource report.

The increase in venture capital investments, while still below pre-recession levels, is a sure sign that people with money are gaining confidence in the economy.

Here are the headlines:

Oil prices fall as Saudis hint at raising supplies

Poll: Hiring plans top layoffs by most in 12 years

Across income scale, Americans cautiously prepare to spend

Knoxville-based TrakLok attracts VC investment

Money has been tight in recent years, but Knoxville-based TrakLok Corp. scored big this week when Innova, a Memphis venture capital group, said it would invest in the developer of a security device for shipping containers.

Innova is providing “about 25 percent of the capital we’re looking for in this round,” said TrakLok CEO Eric Dobson. In return, Innova gets an equity stake in the Knoxville start-up.

Innova is a participant in TNInvestco, a state program designed to bring new capital to Tennessee and provide seed money for early stage companies based here.

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