The GRA Venture Fund, LLC is a unique private investment fund providing critical early-stage capital to companies participating in the GRA Ventures commercialization program.
The Fund is a mix of private (83%) and state (17%) investment that raised over $45 million. The state’s commitment includes both capital investment and income tax credits for private investors.
As of 2016, private investors in GRA Venture Fund, LLC include Georgia-based individuals, foundations and companies, as well as Georgia universities.
The state’s participation in the GRA Venture Fund reflects a commitment to ensuring continued growth of the technology and life sciences sectors of Georgia’s economy.
These sectors are key to the state’s economic future. Already, they have led Georgia’s employment recovery, creating 16,000 new jobs in the last two years, or more than 20 percent of all newly created jobs.
Today, one out of every 40 jobs in Georgia is tied to core life sciences, research and development, academia or the U.S. Centers for Disease Control and Prevention. Through its investment in highly promising start-ups, the GRA Venture Fund works to ensure that the jobs of tomorrow will continue to be created today.
The GRA Venture Fund, LLC was established in 2009 to provide venture capital to the most promising companies emerging from the GRA Ventures commercialization program. GRA Ventures companies commercialize technologies developed at these state’s research universities:
Georgia Institute of Technology
The University of Georgia
Georgia Regents University
Georgia State University
Clark Atlanta University
Beyond adding high-value jobs, the growth of these companies also generates long-term tax revenue and attracts out-of-state investment capital.
The GRA Venture Fund, LLC is led by a Managing Director and governed by a Board of Directors composed almost entirely of investors in the Fund who are successful business men and women in Georgia.
Whether leading an investment round or participating in a follow-on round, the GRA Venture Fund, LLC is a long-term investor. As such, it takes a vested interest in the development and growth of its portfolio companies by:
identifying and pursuing potential co-investors
providing counsel and expertise to company leadership
facilitating access to a network of business leaders to help guide the success of its companies.