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.

Grady Vanderhoofven

Co-Founder and Fund Manager

13 past transactions

Pinnacle Medical Solutions

Venture Round in 2012
Pinnacle Medical Solutions, Inc. is a medical supply company based in Southaven, Mississippi, founded in 2006. The company specializes in the home delivery of medical supplies specifically for individuals with diabetes, offering a range of products including insulin pumps, continuous glucose monitors, and blood glucose testing equipment. Recognizing the increasing challenges posed by the diabetes epidemic in the United States, Pinnacle Medical Solutions aims to provide innovative and integrated solutions that meet the needs of patients, healthcare providers, managed care organizations, and product manufacturers. As of October 2020, Pinnacle operates as a subsidiary of AdaptHealth Corp.

GRIDSMART Technologies

Venture Round in 2012
GRIDSMART Technologies develops traffic management systems for clients worldwide. Its flagship product, GRIDSMART, includes various solutions such as the Bell Camera for intersection and highway data collection, processors like the CPU/GRIDSMART processor and GS2 processor, and software modules for real-time data analysis and pedestrian tracking. The company also offers traditional zoom cameras and FLIR thermal cameras. GRIDSMART Technologies sells its products through distributors and direct sales teams in multiple countries, including the United States, Canada, Australia, Oman, and Ireland. Founded in 2006 and headquartered in Knoxville, Tennessee, the company was formerly known as Aldis, Inc. before changing its name in March 2015.

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 systems designed for critical situations, catering to various sectors, including healthcare, education, government, and hospitality. Its Enterprise Critical Messaging Solution enables two-way communication for organizations such as hospitals and emergency services. In addition to messaging services, Zipit Wireless offers cloud-based software and cellular services that support IoT products, including a subscription billing and activations platform for managing cellular activations and subscriptions. The company also develops network-connected devices, such as wireless trail cameras and medication adherence devices, which can be managed remotely through web portals or mobile applications. With a focus on enabling businesses to optimize their mobile operations, Zipit Wireless markets its technology solutions globally.

Superior Fabrication

Venture Round in 2012
Superior Fabrication is an industrial company based in Haysi, Virginia, specializing in the manufacturing of consumable parts and components for the coal mining industry. The company offers a range of products tailored for conveyor belt support systems, including stands, rails, spreader bars, drop hangers, ventilation doors, and dumpsters. By focusing on providing high-quality replacement hardware and structural components, Superior Fabrication aims to deliver competitively priced products that outperform original equipment manufacturers in both cost and response time. The company primarily serves industrial supply distributors in southern and central Appalachia, ensuring efficient supply and support for the region's mining operations.

GRIDSMART Technologies

Venture Round in 2010
GRIDSMART Technologies develops traffic management systems for clients worldwide. Its flagship product, GRIDSMART, includes various solutions such as the Bell Camera for intersection and highway data collection, processors like the CPU/GRIDSMART processor and GS2 processor, and software modules for real-time data analysis and pedestrian tracking. The company also offers traditional zoom cameras and FLIR thermal cameras. GRIDSMART Technologies sells its products through distributors and direct sales teams in multiple countries, including the United States, Canada, Australia, Oman, and Ireland. Founded in 2006 and headquartered in Knoxville, Tennessee, the company was formerly known as Aldis, Inc. before changing its name in March 2015.

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 systems designed for critical situations, catering to various sectors, including healthcare, education, government, and hospitality. Its Enterprise Critical Messaging Solution enables two-way communication for organizations such as hospitals and emergency services. In addition to messaging services, Zipit Wireless offers cloud-based software and cellular services that support IoT products, including a subscription billing and activations platform for managing cellular activations and subscriptions. The company also develops network-connected devices, such as wireless trail cameras and medication adherence devices, which can be managed remotely through web portals or mobile applications. With a focus on enabling businesses to optimize their mobile operations, Zipit Wireless markets its technology solutions globally.

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 systems designed for critical situations, catering to various sectors, including healthcare, education, government, and hospitality. Its Enterprise Critical Messaging Solution enables two-way communication for organizations such as hospitals and emergency services. In addition to messaging services, Zipit Wireless offers cloud-based software and cellular services that support IoT products, including a subscription billing and activations platform for managing cellular activations and subscriptions. The company also develops network-connected devices, such as wireless trail cameras and medication adherence devices, which can be managed remotely through web portals or mobile applications. With a focus on enabling businesses to optimize their mobile operations, Zipit Wireless markets its technology solutions globally.

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., established in 2007, operates as a professional broadcasting network specializing in high school sports. Headquartered in London, Kentucky with additional offices in Knoxville, Tennessee and Benton, Kentucky, the company delivers live and on-demand video content of various sporting events such as basketball, cheerleading, and football via the internet. Utilizing advanced broadcast technology, Wazoo Sports provides high-quality coverage using multiple cameras and a dedicated production team.

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 systems designed for critical situations, catering to various sectors, including healthcare, education, government, and hospitality. Its Enterprise Critical Messaging Solution enables two-way communication for organizations such as hospitals and emergency services. In addition to messaging services, Zipit Wireless offers cloud-based software and cellular services that support IoT products, including a subscription billing and activations platform for managing cellular activations and subscriptions. The company also develops network-connected devices, such as wireless trail cameras and medication adherence devices, which can be managed remotely through web portals or mobile applications. With a focus on enabling businesses to optimize their mobile operations, Zipit Wireless markets its technology solutions globally.

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 develops traffic management systems for clients worldwide. Its flagship product, GRIDSMART, includes various solutions such as the Bell Camera for intersection and highway data collection, processors like the CPU/GRIDSMART processor and GS2 processor, and software modules for real-time data analysis and pedestrian tracking. The company also offers traditional zoom cameras and FLIR thermal cameras. GRIDSMART Technologies sells its products through distributors and direct sales teams in multiple countries, including the United States, Canada, Australia, Oman, and Ireland. Founded in 2006 and headquartered in Knoxville, Tennessee, the company was formerly known as Aldis, Inc. before changing its name in March 2015.

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 systems designed for critical situations, catering to various sectors, including healthcare, education, government, and hospitality. Its Enterprise Critical Messaging Solution enables two-way communication for organizations such as hospitals and emergency services. In addition to messaging services, Zipit Wireless offers cloud-based software and cellular services that support IoT products, including a subscription billing and activations platform for managing cellular activations and subscriptions. The company also develops network-connected devices, such as wireless trail cameras and medication adherence devices, which can be managed remotely through web portals or mobile applications. With a focus on enabling businesses to optimize their mobile operations, Zipit Wireless markets its technology solutions globally.
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