NCN launches $25M fund

Nashville Capital Network leaders have raised $25 million from a group of local executives for their fourth fund that will invest in promising startups.

Among those who have committed to NCN Partners Fund are current or executives of Acadia Healthcare, HCA, Vaco and others. Managing partners Sid Chambless and Chase Perry will look to put the money to work in companies that have between $1 million and $3 million in revenue and are looking for their first round of professional capital.