Established by the Georgia General Assembly in 2013, Invest Georgia is a long-term investment program, backed by the State of Georgia, that is designed to grow and mentor current and new Georgia Venture Capital and Private Equity Investment Funds. The IG Program will emphasize ROI (return on investment) as well as Georgia economic and social development—what we phrase as a “double bottom line” success metric.
By working with local venture capital and private equity funds, the IG Program is intended to help improve success opportunities for Georgia-based businesses incubated and growing within the state.
Early and growth stage companies commonly encounter a capital access problem between initial business funding and institutional expansion funding. The Invest Georgia program creates an environment where Georgia-based investment funds and Georgia-based companies can work together to solve this problem.
Accountability has been integrated into the Georgia program. A five member, state-appointed Board of Directors oversees the fund. An executive director (Knox Massey, III) administers day-to-day operations and directly reports to the BOD. A single investment consultant (Georgia-based LCG Associates) conducts independent, third party due diligence of venture and private equity funds prior to any allocations.
Invest Georgia is a unique, state-based capital access program, designed to drive business growth and job creation in Georgia. A tax-friendly environment combined with easy geographic access and quality lifestyle makes Georgia an attractive place to do business. The Invest Georgia program enhances an already favorable business climate by fostering innovation, capital investment and the creation of new business entrepreneurs in the state.
Knox Massey, Executive Director Knox is the former Managing Partner of Keith-Massey Family Investments (2010-2015), LLLP. KMFI, LLLP is now managed by a Georgia-based asset management group. Knox was also the former Director and Board member of the Atlanta Technology Angels (2002-2010). At ATA, he supervised 50+ investments into Georgia-based companies. Knox was also was active in passage of the legislation that helped create the Georgia Angel Investor Tax Credit (2010) and the Invest Georgia programs.