A new venture capital fund created to accelerate the growth of trucking and logistic company startups successfully raised $18 million in investments — 50 percent more than its original target and one of the biggest capital raises ever for a VC fund in Chattanooga.
The "Dynamo" fund was formed this year by the principals in the former Access America trucking company to help support other growing logistics businesses, including the 10 startups going through the Dynamo accelerator this summer. The new funds will be one the richest endowed funds ever in Chattanooga and will make investments in early-stage startup businesses looking to bring new technologies to freight movements and storage.
