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TNInvestco pace mounts; Consensus Point next up?
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CONSENSUS POINT, the Nashville-based predictive markets provider, is believed close to securing a $1 million investment from TNInvestco NEST-TN, according to VNC sources.

Rebrovick

In addition, on March 31 a Consensus Point Form D filing with the SEC signaled the sale of $250,000 in debt securities. The filing names CEO Linda Rebrovick; entrepreneur Mike Shmerling (XMi and Choice Food Group); economist and Consensus Point board member Art Laffer; and, superangel and entrepreneur Crom Carmichael as linked to that transaction.

Cleek

VNC reported earlier Rebrovick's plans for a B-round of $1MM or more. Other CP equity-holders include investors Lee Beaman (Beaman Automotive) and Robert Lipman (Lipman Bros.); Kestral Asset Management; Frank Grant (Adreima, formerly with Cisco); Corey Cleek (ULoop and earlier PassAlong Networks); and, David Furse (VU Owen Graduate School of Management). Not known by VNC: Whether or not the Consensus Point B-round remains open.

Consensus Point founders David Perry and Ken Kittlitz have exited the company. VNC was unable to reach Perry over the weekend; Kittlitz, who lives in Canada, said he is taking time off before considering other pursuits.

Data provided VNC by the state and others suggest the pace of investing by NEST-TN and other TNInvestco funds continues to mount. NEST-TN is the fund created by Fran Marcum, managing partner of Marcum Capital in Tullahoma, Tenn. The NEST acronym stands for Networking, Entrepreneurs, Seed capital, and Technology.

Fran Marcum

In 2010, NEST-TN asked certification only for an investment in Chattanooga-based digital-signature player SIGNiX, according to the state's year-end report. Then, in February, state records show, NEST-TN asked certification for a $0.5 million investment in Franklin-based Anthem Healthcare Intelligence, a data warehousing company.

Beyond Consensus Point, NEST-TN has recently requested certification for two $300,000 investments, one each for American Geothermal and Opti-Logic Corp. American Geothermal is the Murfreesboro-based manufacturer of patented heat pump water heating or cooling technologies for use with commercial and industrial processes. Tullahoma-based Opti-Logic produces patent laser range-finders for archery and firearms users. NEST-TN is far along in discussions with owners of further investment targets, said a source.

In addition to investments reported earlier, Tennessee Economic and Community Development (ECD) data provided VNC March 30 in response to a query show more recent investment certifications had been sought for OnFocus Healthcare (total roughly $105,000 and involving TriStar Technology Ventures and Limestone Fund; OnFocus is also a portfolio company of Solidus Co.).

Other investments recently certified by ECD-Revenue include Provider Trust ($250,000, XMi High Growth, on top of XMi's 2010 certification of $450,000 for that firm); Diabetes Care Associates ($500,000, TriStar); and, Krikle ($15K from Solidus-TNInvestco for this startup in the portfolio of ally Seed Hatchery). VNC

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Tags: Adreima, American Geothermal, analytics, Anthem Healthcare Intelligence, Arthue Laffer, Consensus Point, Crom Carmichael, David Furse, economic development, Fran Marcum, Frank Grant, healthcare, informatics, Kestral Asset Management, Krikle, Lee Beaman, Limestone Fund, Linda Rebrovick, Marcum Capital, Mike Shmerling, NEST TN, OnFocus Healthcare, Opti-Logic, Provider Trust, Robert Lipman, SEC, SIGNiX, Solidus, TNInvestco, TriStar Technology Ventures, XMi High Growth


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