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ONLINE: Grady Vanderhoofven, Three Roots Capital
July 16, 2021 @ 7:30 am - 8:30 am
Click here to register for this online Zoom meeting: https://tennessee.zoom.us/meeting/register/tJMkcOuvrj0sGtH310HtTdFkG1Hk4G3sF3k0
Founder, President & CEO, Three Roots Capital
Managing Partner, Meritus Capital Management Managing
Partner, TennesSeed Partners
Grady Vanderhoofven has 25 years of experience in company creation and financing. He has co-founded and invested multiple private investment funds, including Meritus Ventures, the first Rural Business Investment Company (RBIC) in the United States, and Southern Appalachian Fund (SAF), a New Markets Venture Capital Company (NMVCC). Together, these funds raised approximately $53 million and invested equity and debt in 16 companies, which attracted more than $300 million of aggregate investment. The companies are located in rural and/or low-income areas throughout central and southern Appalachia and have created more than 400 jobs to date. In addition to the capital directly invested by Meritus and SAF, the funds provided more than $4 million of technical and operational assistance to portfolio companies.
In 2016, Mr. Vanderhoofven founded Three Roots Capital, which is a 501(c)(3), certified Community Development Financial Institution (CDFI) and Community Development Entity (CDE), established to make debt and equity investments in companies and projects in predominantly low-income areas of East Tennessee and the broader Appalachian region. Three Roots Capital has raised more than $100 million to date and has deployed and committed more than $75 million to companies and projects in Tennessee, Kentucky, and South Carolina.
In 2019, at the culmination of a multi-year, collaborative effort, Mr. Vanderhoofven and his partners launched the TennesSeed Fund as an evergreen, seed-stage, investment fund focused on proof-of-concept opportunities in Tennessee-based companies.
Prior to becoming an investor, Grady worked for more than a decade at Oak Ridge National Laboratory, where he participated in the creation of 12 start-up companies based on technology developed at ORNL. He previously served on the Advisory Council of the Yale University School of Engineering and Applied Science. He received a bachelor’s degree and a master’s degree in mechanical engineering from Yale University and has completed an Executive Education Program in private equity and corporate governance at Harvard Business School.