Tag Archives: TrakLok

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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