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GAIN Venture Capital, formerly known as TechFarms Capital, is a venture capital firm established in 2018 and based in Panama City Beach, Florida. The firm was created to address the capital needs of technology startups in the Southeastern United States. GAIN VC focuses on innovative and scalable investment opportunities, particularly in the realm of AI-enabled hardware and dual-use technologies.
Currently, GAIN Venture Capital manages a fund size of $25 million and has made investments in 19 companies. The firm operates with a small team of two General Partners, Kelly Reeser and Steve Millaway, who bring extensive experience in technology and investment. The firm aims to fill the funding gap between angel investors and Series A funding, providing essential capital to early-stage startups in the region.
GAIN Venture Capital's notable milestones include the rebranding from TechFarms Capital and the ongoing fundraising for GAIN VC Fund II. The firm is committed to fostering growth and innovation in the tech sector across the Southeastern US, with a focus on sectors such as AI, IoT, robotics, healthcare, and fintech.
GAIN Venture Capital specializes in early-stage and seed investments in technology and technology-enabled startups throughout the Southeastern United States. The firm targets sectors including AI-enabled hardware, IoT, sensors, robotics, drones, and dual-use technologies. This focus reflects a strategic shift from a broader technology investment approach to a more specialized emphasis on high-growth potential areas.
The firm seeks to support startups that demonstrate significant innovation and scalability. GAIN VC aims to bridge the funding gap between angel groups and Series A funding, providing critical capital to help startups grow. The organization looks for founders who are not only innovative but also capable of executing their vision effectively. GAIN Venture Capital prefers to engage in co-investment opportunities, collaborating with other investors to maximize support for their portfolio companies.
GAIN Venture Capital's portfolio includes a diverse range of companies that reflect its focus on technology and innovation. Notable portfolio companies include:
This portfolio showcases GAIN Venture Capital's commitment to investing in companies that leverage technology to create impactful solutions across various sectors, including IoT, healthcare, and AI/SaaS. The firm continues to seek out additional investment opportunities that align with its strategic focus.
Kelly Reeser - General Partner. Kelly has extensive experience in technology investments and has been instrumental in shaping GAIN Venture Capital's focus on AI-enabled hardware and dual-use technologies. Prior to joining GAIN VC, Kelly held various roles in technology firms and venture capital.
Steve Millaway - General Partner. Steve brings a wealth of knowledge in early-stage investments and has a strong background in supporting technology startups. His expertise lies in identifying high-potential companies and guiding them through the growth process.
To pitch GAIN Venture Capital, founders should submit their proposals through the firm's website at techfarmscapital.com or via email at capital@techfarmscapital.com. The pitch deck should include key information such as the business model, market analysis, and growth strategy. GAIN VC appreciates concise and well-structured presentations.
Response times may vary, but founders can expect to hear back within a few weeks. The firm prefers warm introductions but is open to direct submissions through their website or email.
As of March 2026, GAIN Venture Capital is actively fundraising for GAIN VC Fund II, targeting $25 million in commitments. The firm continues to deploy capital into its existing portfolio of 19 companies, which includes notable names such as Perceptive Sensor Technologies and Chaos Audio. The rebranding from TechFarms Capital to GAIN Venture Capital marks a significant evolution in the firm's investment strategy, emphasizing a focus on AI-enabled hardware and dual-use technologies.
What are GAIN Venture Capital's investment criteria?
GAIN Venture Capital invests in early-stage and seed technology startups primarily located in the Southeastern United States. The firm focuses on sectors such as AI-enabled hardware, IoT, robotics, and fintech. They look for startups that demonstrate significant growth potential and innovation.
How can startups apply or pitch to GAIN Venture Capital?
Startups can apply for funding through the GAIN Venture Capital website at techfarmscapital.com. They should prepare a pitch deck that outlines their business model, market opportunity, and growth strategy. The firm prefers to receive pitches via email at capital@techfarmscapital.com.
What makes GAIN Venture Capital different from other investors?
GAIN Venture Capital focuses specifically on bridging the funding gap for tech startups in the Southeastern US, particularly in the AI-enabled hardware and dual-use technology sectors. Their specialized knowledge and regional focus allow them to provide tailored support to their portfolio companies.
What is the geographic scope of GAIN Venture Capital's investments?
The firm primarily invests in the Southeastern United States, targeting states such as Alabama, Florida, Mississippi, North Carolina, South Carolina, Tennessee, Louisiana, and Georgia.
What is the typical check size for investments?
While specific check sizes are not publicly disclosed, GAIN Venture Capital focuses on early-stage investments, which typically range from pre-seed to seed funding rounds.
What kind of support does GAIN Venture Capital provide to its portfolio companies?
GAIN Venture Capital offers strategic support to its portfolio companies, leveraging its expertise in technology and access to a network of industry contacts to help startups scale effectively. This includes mentorship, operational support, and potential follow-on investment opportunities.
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