With a new jolt of capital, one Nashville-based venture player is looking to find new opportunities in Arkansas.
It was announced today that Petra Capital Partners has received a $4.5 million commitment for its Petra Growth Fund II from the Arkansas Development Finance Authority’s Arkansas Institutional Fund.
Following the investment, Petra “will seek investment opportunities in growing Arkansas companies,” specifically in the healthcare and information services sectors where Petra has focused much of its time and money.
Other prominent Southeastern venture groups with similar agreements with Arkansas include Atlanta’s Noro-Moseley and Memphis’ SSM Partners and MB Ventures.
Petra's current investments include American Hometown Publishing and ConnectivHealth.
You must be logged in to comment. If you do not have an account, you can join our esteemed subscribers.