NASHVILLE — Nelson Mullins Riley & Scarborough LLP helped Launch Tennessee (LaunchTN) make a Series A investment in the Consumer Packaged Goods (CPG) startup, Daily Crunch Inc., earlier this month. 

InvestTN is a $70 million fund powered by LaunchTN that invests in early-stage companies led by founders from diverse communities in Tennessee. Daily Crunch is a woman-led, “better-for-you” snack company based in Nashville. The investment, which closed on February 2, was handled by a Nelson Mullins team comprised of associate Mario Bolanos, partner Lori Anne Czepiel and associate Lily Shannon. The firm advises InvestTN on its investments in startups across industries, including e-commerce and HR technology.  

Part of Fund Tennessee, InvestTN invests in Tennessee-based startups and venture capital firms to promote innovation, entrepreneurship, and economic growth across the state. Fund Tennessee is a federally funded $117 million initiative that provides equitable access to capital and technical assistance to small and diverse businesses through the State Small Business Credit Initiative (SSBCI 2.0). 

The Nelson Mullins team supporting InvestTN on venture capital matters is co-led by partners Lori Anne Czepiel and Joe Daniels and includes associates Bethany Barclay-Adeniyi, Mario Bolaños, Matt O’Brien, Funmi Osinubi, and Lily Shannon; and of counsel Matt Golden for IP matters.

Established in 1897, Nelson Mullins is a full-service Am Law 100 firm of more than 1,000 attorneys, policy advisors, and professionals with offices across the United States. For more information, go to www.nelsonmullins.com.

About Launch Tennessee
LaunchTN is a 501(c)(3) nonprofit partnership building an ecosystem of support for startups and investors in Tennessee. As a public-private partnership, LaunchTN is uniquely positioned to provide direct investment, while also supporting collaboration among founders, investors, researchers, private sector institutions and government. LaunchTN fosters entrepreneurship, technology advancement and workforce development by providing capital access, commercialization support, and connections.