How many investments has GRA Venture made?

GRA Venture has 32 tracked investments, including 1 dated in the last 24 months.

What stage does GRA Venture invest at?

GRA Venture invests at the Seed, Series A stages.

What sectors does GRA Venture focus on?

GRA Venture focuses on Biotech, Deep Tech, Sector Agnostic.

Where is GRA Venture located?

GRA Venture is headquartered in Georgia, US.

Does GRA Venture lead rounds?

Yes, GRA Venture leads investment rounds.

Who does GRA Venture co-invest with?

GRA Venture most often shares deals with Gray Ventures, Atlanta Technology Angels, Energy Impact Partners, among 63 tracked co-investors.

GRA Venture

Government fund

Georgia · Seed–Series A · 20 people tracked

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Investment thesis

GRA Venture Fund invests in early-stage, research-based startups originating from Georgia's academic institutions. The fund aims to give promising startups a fair chance at market success through long-term partnership, combining public funding from the State of Georgia with private sector capital and expertise. The fund demonstrates its commitment through active participation in investment rounds and ongoing support for portfolio company development and growth.

Invests inBiotech Deep TechSector AgnosticAtlanta United States

Source: firm website, verified Aug 6, 2026.

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Stage

Seed–Series A

Georgia, US

Leads rounds

Leads

Instruments

Equity

Founded

2009

Last 12 months

1 investment

AUM

$36.8M

Tracked investments

Team · 20 people

from the firm's website & curated & public directories

Connor Seabrook· Managing Director

Named Managing Director in 2021, Seabrook brings 30 years of experience growing and funding young enterprises. As director of investments and venture acceleration, he guides university projects through strategy and goal-setting, identifies product development milestones, and shapes business development vision.

Frances Gail Rogers· Chair, GRA Venture Fund, LLC

Rogers is founder and president of Checks & Balances, Inc., a registered investment advisory service, and president of WH Capital, LLC, which owns Waffle House trademarks and restaurant properties. Previously controller at Moore Capital Management in Atlanta, she has served on various boards including Children's Healthcare of Atlanta.

A. Russell Chandler· General Partner

Bradley Currey, Jr.· General Partner

Christopher Carr· General Partner

Diana Murphy· General Partner

Frederick E. Cooper· General Partner

Ivan Sigmund Mosley, Jr.· General Partner

James S. Balloun· General Partner

Russell R. French· General Partner

Thomas Williams Parker· General Partner

William A. Fickling, Jr.· General Partner

William Linginfelter· General Partner

Andrew Short· Director, Innovation Programs· Atlanta, Georgia, United Statesin

Soil Biology Fellow and PhD student in bioengineering at Georgia Tech studying synthetic biology, with interests across deep tech, materials science, and AI.

Bill Midgette· Managing Partner, Fairburn Equity Partners

Midgette retired as president and CEO of Porex Corporation in 2016 after 13 years, overseeing successful M&A transactions that established the firm as a global leader in advanced porous polymer solutions. He previously spent 18 years at C.R. Bard in senior executive roles and now leads Fairburn Equity Partners, advising and investing in early-stage technology companies.

Charles Ogburn· Director, Crawford & Company

Ogburn serves on the board of Crawford & Company and the Georgia Research Alliance. Previously, he was executive director at Arcapita, Inc., an international investment firm, and held board roles at Caribou Coffee. He has prior experience as a banker at Robinson-Humphrey and attorney at King & Spalding LLP.

David M. Ratcliffe· Retired Chairman and CEO, Southern Company

Ratcliffe had a 40-year career with Southern Company and its subsidiaries before retiring as chairman and CEO. He is recognized as a leader in the U.S. electric utility industry, past chairman of the Edison Electric Institute and Federal Reserve Bank of Atlanta, and currently chairs GRA's Board of Trustees.

F. Duane Ackerman· Former President and CEO, BellSouth Corporation

Ackerman had a 43-year career with BellSouth Corporation, serving as president and CEO from 1997-2006 and chairman from 1998-2006. He retired as chairman emeritus in 2007 and previously held roles as vice chairman and chief operating officer.

Kurt Jacobus· Senior Advisor

Dr. Jacobus served as managing director of GRA Venture Fund from 2018-2021. A materials scientist and mechanical engineer, he is CEO of BioCircuit Technologies and co-founded MedShape, Inc. (acquired by DJO/Colfax in 2021). He has founded three other companies and served in advisory roles to five additional companies.

Michelle Jarrard· Senior Advisor· Atlanta Metropolitan Areain 𝕏

Jarrard is CEO of BioCircuit Technologies, a medical device company focused on neural interfacing and tissue repair. Previously, she was Senior Partner and global CHRO at McKinsey & Co., overseeing people strategy, talent development, and HR operations across 50+ countries. She serves on boards of Lazard Ltd, Inspire Brands, and multiple portfolio companies.

What they invest in

from 23 of 32 portfolio companies

Healthtech ×11Biotech ×10Medical Devices ×7AI & Machine Learning ×5Deep Tech ×4Digital Health ×3Energy ×3Enterprise Software ×3

HQs:United States×23

Who they back

founder profiles across 12 portfolio companies

58%

solo founders

7 of 12 mapped founding teams

40%

repeat founders

of 10 founders with career history

Founding team size:solo founder×72 founders×33 founders×14+ founders×1

Where their founders studiedfrom 10 founders with education data

Georgia Institute of Technology ×3

What their founders studiedfrom 10 founders with field-of-study data

Computer Science ×4Engineering ×2Life Sciences ×2

Where their founders worked beforefrom 10 founders with career history

Georgia Institute of Technology ×2

Investments · 32 tracked

founders shown can be your intro path

By year:2026 · 1 2023 · 1 2022 · 1 2021 · 1 2020 · 1 2015 · 1 2012 · 17 dated

BioCircuit Technologiesbiocircuit.com in✓ verified

BioCircuit Technologies develops advanced medical devices for tissue repair and neuromodulation, with specialization in biomaterials, nitinol design, and bioelectronics.

BiotechDeep TechMedical DevicesAtlanta, US

Thomas O'Brien(Executive Officer, Director)

Board Michelle Jarrard(Executive Officer, Director)inJames Nahirny(Director)

ABEabe.io in

ABE Management is a financial markets company founded by a former lawyer specializing in bond exchange infrastructure and operations.

B2B MarketplacesCrypto & Web3Fintech

John Pigott(CEO/Founder)in Tom Ponder(COO)in

Accuitisaccuitis.com

Accuitis is developing a lead drug compound that restores mitochondrial SIRT3 expression to recover healthy cellular function, targeting neurodegenerative diseases including Alzheimer's, Parkinson's, and methamphetamine addiction.

BiotechLongevityAtlanta, US

Co-investorsAtlanta Technology Angels

Acivilateacivilate.com

Atlanta, US

Louise Wasilewski(Executive Officer, Director)

Board Paul Iaffaldano(Director)inDarryl DeFreese(Director)Bryant Isaacs(Director)

Co-investorsBIP Ventures Gray Ventures Royal Street Ventures Management Company, Llc Service Provider Capital BIP Capital

Altesa BioSciencesaltesabio.comFeb 2026

Altesa BioSciences is a clinical-stage pharmaceutical company developing vapendavir, an orally administered antiviral targeting rhinovirus infections in patients with chronic lung diseases such as COPD and asthma.

BiotechHealthtechCollege Park, US

John Clerici(Executive Officer)inAndrew Drechsler(Executive Officer)Brett Giroir(Executive Officer, Director)

Board Nicholas Williams(Director)Moncef Slaoui(Director)Jon Edwards(Director)in

Co-investorsForbion Medicxi Pitango Sanofi Ventures

Antios Therapeuticsantiostherapeutics.com in 𝕏Nov 2021 · $75M

Antios Therapeutics develops antiviral therapies for hepatitis B virus (HBV) and other viral diseases, including its Active Site Polymerase Inhibitor Nucleotide (ASPIN) ATI-2173 and a capsid assembly modulator program.

BiotechHealthtechMendham, US

Gregory Mayes(Executive Officer, Director)Douglas Mayers(Executive Officer)in Tamra Adams(Executive Officer)inAbel De La Rosa(Director)

BoardIyona Rajkomar(Director)inBenjamin Rovinski(Director)

Co-investorsAisling Capital Altium Capital Avego BioScience Capital LifeSci Venture Partners Pontifax Venture Capital Amzak Health +8 more

Apptegaapptega.com in 𝕏

Provides cybersecurity compliance software that unifies security processes, tracking, and reporting across multiple frameworks.

Atlanta, US

Jacob Ferro(Director)

Board Mike Dowdle(Director)inArmistead Whitney(Executive Officer, Director)in

Co-investorsCircadian Ventures Gray Ventures Mainsail Partners

Arcadia Powerarcadia.com in 𝕏

Arcadia is an energy intelligence platform that helps businesses manage utility bills, procure energy, and track sustainability through a single interface.

AI & Machine LearningClimate TechEnergyEnterprise SoftwareSaaSWashington, US

Kiran Bhatraju(Executive Officer)inRyan Nesbitt(Executive Officer)

Co-investorsAlumni Ventures Bay Bridge Ventures Climate Blue Ivy Ventures BoxGroup Broadscale Camber Creek +13 more

Aruna Bioarunabio.com

Aruna Bio develops a proprietary neural exosome platform and a lead therapeutic neural cell-derived exosome, AB126, designed to cross the blood-brain barrier.

BiotechHealthtechAthens, US

Steven Stice(Chief Scientific Officer and Director)inHarold W. Ingalls(Chief Financial Officer and Director)Tracey Stice(Chief Operating Officer and Secretary)

BoardJohn F. Mangan, Jr.(Director)C. William Griffin(Director)Russell C. Lindner(Director)

Co-investorsEshelman Ventures, LLC Evolution VC Partners

Carbicecarbice.com in 𝕏Nov 2020 · $15M

Carbice manufactures aligned carbon nanotube-based thermal management products for aerospace, defense, and industrial power applications.

Advanced ManufacturingDeep TechEnergyNew MaterialsAtlanta, US

Baratunde Cola(CEO & Founder)inSuresh Sharma(Executive Officer, Director)Craig E Green(Executive Officer)in

BoardSebastine Ujereh, Jr.(Director)

Co-investorsGray Ventures Portfolia Starbridge Venture Capital Llc Braemar Energy Ventures Toyota Ventures

Codoxocodoxo.com in 𝕏

Codoxo builds a generative AI-driven Unified Cost Containment Platform for healthcare payers, government agencies, and pharmacy benefit managers to improve payment integrity and detect fraud, waste, and abuse.

AI & Machine LearningHealthtechSaaS

Musheer Ahmed(CEO & Founder)in

Co-investorsBrewer Lane Ventures Echo Health Ventures Gray Ventures QED Investors Service Provider Capital Wipro Ventures +3 more

Dragosdragos.com in

Dragos provides cybersecurity software, threat intelligence, and professional services to protect operational technology (OT), IT, and IoT assets in industrial environments.

CybersecurityDefense TechEnterprise SoftwareHanover, US

Robert M. Lee(CEO and co-founder)in

Co-investorsAllegisCyber Capital BYU Cougar Capital Canaan Partners Cyber Mentor Fund DataTribe Earth Foundry +9 more

EarliPoint Healthearlipointhealth.com in

Earli Point Health is a company that offers the EarliPoint System, an FDA-cleared medical device designed to aid clinicians in diagnosing and assessing autism spectrum disorder in children using objective measurement of looking behavior during video presentations, complementing traditional ABA therapy assessments.

Digital HealthHealthtechMedical Devices

Ami Klin, PhD(Founder)Warren Jones, PhD(Co-founder)

Georgia Research Alliancegra.org in 𝕏

The Georgia Research Alliance is a nonprofit that supports university research and entrepreneurship across Georgia by funding scientists, backing research infrastructure, and helping launch and grow companies based on university inventions.

Deep TechHealthtechImpact & Social Good

Gimmegimmevending.com in 𝕏

Gimme is a technology platform for managing unattended retail operations, particularly vending machines.

Logistics & Supply ChainRetail TechSaaSAtlanta, US

CoryEvan

Co-investorsAtlanta Tech Village Atlanta Technology Angels

Huxley Medicalhuxleymed.com in

Huxley develops SANSA, a cellular-enabled chest-worn monitor and diagnostic service that detects obstructive and central sleep apnea and records ECG from a single at-home device.

AI & Machine LearningDigital HealthHealthtechMedical DevicesAtlanta, US

Christopher Hallett(Executive Officer, Director)inChristopher Lee(Executive Officer, Director)Daniel Burnham(Executive Officer)inBrennan Torstrick(Executive Officer, Director)inKenneth Gall(Director)Drew Beaver(Director)

Co-investorsDuke Capital Partners

Kodikaz websitekodikaz.com in 𝕏

Kodikaz develops Zip-Code, a non-viral cell-specific delivery platform for gene therapy applications, particularly focused on oncology and cancer treatments.

AI & Machine LearningBiotechMedical DevicesAtlanta, US

Anthony Johnson(Co-Founder & CEO)inDr. Leon Bernal-Mizrachi(Co-Founder, CSO)in

Co-investorsEpidarex Capital Illumina Ventures

Lucid Scientificlucidsci.com in 𝕏

Lucid Scientific develops Resipher, a technology for live, continuous, and noninvasive monitoring of cellular oxygen consumption rate to study cell metabolism.

BiotechDeep TechHardwareAtlanta, US

Samuel Walker Inman(Executive Officer, Director)Ian W. Hunter(Executive Officer, Director)

BoardDr. Gustavo Mahler(Director)in

Co-investorsDynamk Capital IAG Capital Partners

Micron Biomedicalmicronbiomedical.com in

Micron Biomedical develops dissolvable microarray technology for vaccine and therapeutic delivery as an alternative to traditional injections, targeting expanded global access to treatments across all age groups.

BiotechHealthtechMedical Devices

Co-investorsJ2 Ventures

Nyra Medicalnyramedical.com in 𝕏Nov 2022

Nyra Medical develops the CARLEN (Cardiac Leaflet Enhancer) system, a transcatheter single-leaflet device for repairing functional mitral regurgitation while preserving native valve function.

BiotechHealthtechMedical DevicesAtlanta, US

Dr. Murali Padala(Founder)Dr. Eric Sarin(Founder, Director)Dr. Kirthana Suresh(Founder)Sai Muralidhar Padala(Executive Officer, Director)Lori Chmura(CEO)inGowri Raman(Director)

Co-investorsBroadview Ventures Epidarex Capital Vensana Capital

Pindroppindrop.com in 𝕏

Pindrop is a cybersecurity company that delivers identity verification and deepfake detection across voice, video, and digital communications in real time.

AI & Machine LearningCybersecurityEnterprise SoftwareAtlanta, US

Paul Judge inMustaque Ahamadin Vijay Balasubramaniyan(Founder)in

BoardScott Weiss(Director)Somesh Dash(Director)in

Co-investorsAllegion Ventures Andreessen Horowitz Atlanta Technology Angels Bling Capital CapitalG Cerity Partners Ventures +17 more

Sanguinasanguina.com in 𝕏

Sanguina develops affordable, accessible products for regular anemia screening, helping people monitor and manage the most common blood disorder.

Digital HealthHealthtechMedical Devices

Erika(CEO & Founder)Rob(CTO)

Co-investorsVeritus Holdings XRC

SIRPant websitesirpantimmunotx.com 𝕏

Urjaneturjanet.com 𝕏Sep 2012 · $4M

Arcadia (urjanet.com) offers a platform that unifies utility bill and interval data, tariff and energy rate calculations, and solar and storage analysis into energy data and analytics.

CleantechClimate TechData & InfrastructureEnergyAtlanta, US

SANJOY MALIK(Executive Officer, Director)in

Board PETER KIGHT(Director)in STEVE FREDRICK(Director)inSIG MOSLEY(Director)DAVID RATCLIFFE(Director)

Co-investorsCorrelation Ventures Grotech Ventures Oak HC/FT OUP (Osage University Partners)Commerce Ventures Imlay Investments

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

ArcadiaDiasystFocused CryoKodikazMicronMicron Biomedical, Inc.SIRPantStarMobile

Portfolio news

latest coverage across their companies

Altesa BioSciences Closes Oversubscribed $75 Million Series B Financing to Transform Treatment of Chronic Lung Diseases

Altesa BioSciences · prnewswire.com · Feb 19, 2026

Series C Funding: Why Payment Integrity Can’t Stay Reactive - Codoxo

Codoxo · codoxo.com · Dec 19, 2025

Huxley Medical Shares New Data at SLEEP Demonstrating Breadth of Clinical Insights Enabled by SANSA Diagnostic Platform

Huxley Medical · prnewswire.com · Jun 18, 2025

Frequently asked questions

How many investments has GRA Venture made?: GRA Venture has 32 tracked investments, including 1 dated in the last 24 months.
What stage does GRA Venture invest at?: GRA Venture invests at the Seed, Series A stages.
What sectors does GRA Venture focus on?: GRA Venture focuses on Biotech, Deep Tech, Sector Agnostic.
Where is GRA Venture located?: GRA Venture is headquartered in Georgia, US.
Does GRA Venture lead rounds?: Yes, GRA Venture leads investment rounds.
Who does GRA Venture co-invest with?: GRA Venture most often shares deals with Gray Ventures, Atlanta Technology Angels, Energy Impact Partners, among 63 tracked co-investors.

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