Meritus Ventures

Meritus Ventures, established in 2002 and based in London, Kentucky, is a venture capital firm focused on making equity investments in private, expansion-stage companies primarily located in rural areas of central and southern Appalachia. The firm targets investments in various sectors, including information technology, industrials, and telecommunications. Meritus Ventures operates in several states, including Tennessee, Kentucky, Arkansas, and the Appalachian counties of Virginia, West Virginia, Ohio, North Carolina, South Carolina, Georgia, Alabama, and Mississippi. In addition to financial support, Meritus Ventures offers operational assistance to its portfolio companies, aiming to foster growth and development in the communities it serves.

Ray Moncrief

President

13 past transactions

Pinnacle Medical Solutions

Venture Round in 2012
Pinnacle Medical Solutions, Inc., founded in 2006 and based in Southaven, Mississippi, specializes in the home delivery of medical supplies for individuals with diabetes. The company focuses on providing a range of durable medical devices and supplies, including insulin pumps, continuous glucose monitors, and blood glucose testing products. By recognizing the need for innovative and integrated solutions, Pinnacle Medical Solutions aims to collaborate with patients, healthcare providers, managed care organizations, and product manufacturers to address the challenges posed by the increasing prevalence of diabetes in the United States. As of October 2020, Pinnacle operates as a subsidiary of AdaptHealth Corp.

GRIDSMART Technologies

Venture Round in 2012
GRIDSMART Technologies, Inc. specializes in developing advanced traffic management systems for municipal clients both in the United States and internationally. The company offers a comprehensive suite of products under the GRIDSMART brand, which includes various camera-based solutions for traffic monitoring and data collection. Notable products include the GRIDSMART Bell Camera for intersection management, the GRIDSMART Engine for tracking and counting vehicles, motorcycles, and bicycles, and a variety of software modules that provide real-time data and alerts. GRIDSMART Technologies also offers traditional zoom and thermal imaging cameras, enhancing its traffic monitoring capabilities. The company markets its products through distributors and direct sales teams across several countries, including Canada, Australia, Oman, and Ireland. Founded in 2006 and headquartered in Knoxville, Tennessee, GRIDSMART Technologies was previously known as Aldis, Inc. and became a subsidiary of Cubic Transportation Systems in 2019.

Zipit Wireless

Convertible Note in 2012
Zipit Wireless, Inc. is a technology company based in Greenville, South Carolina, specializing in critical messaging and Internet of Things (IoT) solutions. Founded in 2007, the company provides instant communication services designed for critical situations, catering to various sectors such as healthcare, education, government, and hospitality. Its Enterprise Critical Messaging Solution enables two-way communication for organizations, enhancing operational efficiency during emergencies. Additionally, Zipit offers cloud-based software and cellular services that support the management of connected devices, including wireless trail cameras and medication adherence devices. The company's subscription platform facilitates cellular activation and provides comprehensive business reports, allowing enterprises to streamline their operations and manage mobile workers effectively. Zipit Wireless markets its innovative software and services on a global scale, helping clients navigate the complexities of IoT connectivity.

Superior Fabrication

Venture Round in 2012
Superior Fabrication is an industrial company that provides basic consumable industrial parts and components for the coal mining industry. It focuses on industrial supply distributors located in southern and central Appalachia. Superior Fabrication is based in Haysi, Virginia.

GRIDSMART Technologies

Venture Round in 2010
GRIDSMART Technologies, Inc. specializes in developing advanced traffic management systems for municipal clients both in the United States and internationally. The company offers a comprehensive suite of products under the GRIDSMART brand, which includes various camera-based solutions for traffic monitoring and data collection. Notable products include the GRIDSMART Bell Camera for intersection management, the GRIDSMART Engine for tracking and counting vehicles, motorcycles, and bicycles, and a variety of software modules that provide real-time data and alerts. GRIDSMART Technologies also offers traditional zoom and thermal imaging cameras, enhancing its traffic monitoring capabilities. The company markets its products through distributors and direct sales teams across several countries, including Canada, Australia, Oman, and Ireland. Founded in 2006 and headquartered in Knoxville, Tennessee, GRIDSMART Technologies was previously known as Aldis, Inc. and became a subsidiary of Cubic Transportation Systems in 2019.

Zipit Wireless

Series C in 2010
Zipit Wireless, Inc. is a technology company based in Greenville, South Carolina, specializing in critical messaging and Internet of Things (IoT) solutions. Founded in 2007, the company provides instant communication services designed for critical situations, catering to various sectors such as healthcare, education, government, and hospitality. Its Enterprise Critical Messaging Solution enables two-way communication for organizations, enhancing operational efficiency during emergencies. Additionally, Zipit offers cloud-based software and cellular services that support the management of connected devices, including wireless trail cameras and medication adherence devices. The company's subscription platform facilitates cellular activation and provides comprehensive business reports, allowing enterprises to streamline their operations and manage mobile workers effectively. Zipit Wireless markets its innovative software and services on a global scale, helping clients navigate the complexities of IoT connectivity.

Zipit Wireless

Series C in 2010
Zipit Wireless, Inc. is a technology company based in Greenville, South Carolina, specializing in critical messaging and Internet of Things (IoT) solutions. Founded in 2007, the company provides instant communication services designed for critical situations, catering to various sectors such as healthcare, education, government, and hospitality. Its Enterprise Critical Messaging Solution enables two-way communication for organizations, enhancing operational efficiency during emergencies. Additionally, Zipit offers cloud-based software and cellular services that support the management of connected devices, including wireless trail cameras and medication adherence devices. The company's subscription platform facilitates cellular activation and provides comprehensive business reports, allowing enterprises to streamline their operations and manage mobile workers effectively. Zipit Wireless markets its innovative software and services on a global scale, helping clients navigate the complexities of IoT connectivity.

SinglePipe Communications

Series B in 2009
SinglePipe Communications is the leading provider of residential and turnkey business class VoIP phone services for wholesale, channel resale and private label. Our solutions are:

Wazoo Sports

Venture Round in 2008
Wazoo Sports, Inc. is a high school sports broadcasting network based in London, Kentucky, with additional offices in Knoxville and Benton, Tennessee. Founded in 2007, the company specializes in delivering live and on-demand coverage of various high school sports events, including basketball, cheerleading, and football. Utilizing advanced streaming and broadcast technology, Wazoo Sports ensures professional-quality coverage, featuring multiple cameras and a dedicated broadcast team. The company's content is accessible through its website, catering to the growing interest in high school sports.

Zipit Wireless

Series B in 2008
Zipit Wireless, Inc. is a technology company based in Greenville, South Carolina, specializing in critical messaging and Internet of Things (IoT) solutions. Founded in 2007, the company provides instant communication services designed for critical situations, catering to various sectors such as healthcare, education, government, and hospitality. Its Enterprise Critical Messaging Solution enables two-way communication for organizations, enhancing operational efficiency during emergencies. Additionally, Zipit offers cloud-based software and cellular services that support the management of connected devices, including wireless trail cameras and medication adherence devices. The company's subscription platform facilitates cellular activation and provides comprehensive business reports, allowing enterprises to streamline their operations and manage mobile workers effectively. Zipit Wireless markets its innovative software and services on a global scale, helping clients navigate the complexities of IoT connectivity.

SinglePipe Communications

Series A in 2007
SinglePipe Communications is the leading provider of residential and turnkey business class VoIP phone services for wholesale, channel resale and private label. Our solutions are:

GRIDSMART Technologies

Series A in 2007
GRIDSMART Technologies, Inc. specializes in developing advanced traffic management systems for municipal clients both in the United States and internationally. The company offers a comprehensive suite of products under the GRIDSMART brand, which includes various camera-based solutions for traffic monitoring and data collection. Notable products include the GRIDSMART Bell Camera for intersection management, the GRIDSMART Engine for tracking and counting vehicles, motorcycles, and bicycles, and a variety of software modules that provide real-time data and alerts. GRIDSMART Technologies also offers traditional zoom and thermal imaging cameras, enhancing its traffic monitoring capabilities. The company markets its products through distributors and direct sales teams across several countries, including Canada, Australia, Oman, and Ireland. Founded in 2006 and headquartered in Knoxville, Tennessee, GRIDSMART Technologies was previously known as Aldis, Inc. and became a subsidiary of Cubic Transportation Systems in 2019.

Zipit Wireless

Series A in 2007
Zipit Wireless, Inc. is a technology company based in Greenville, South Carolina, specializing in critical messaging and Internet of Things (IoT) solutions. Founded in 2007, the company provides instant communication services designed for critical situations, catering to various sectors such as healthcare, education, government, and hospitality. Its Enterprise Critical Messaging Solution enables two-way communication for organizations, enhancing operational efficiency during emergencies. Additionally, Zipit offers cloud-based software and cellular services that support the management of connected devices, including wireless trail cameras and medication adherence devices. The company's subscription platform facilitates cellular activation and provides comprehensive business reports, allowing enterprises to streamline their operations and manage mobile workers effectively. Zipit Wireless markets its innovative software and services on a global scale, helping clients navigate the complexities of IoT connectivity.
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