XMi High Growth Development Fund

XMi High Growth Development Fund is a venture capital fund based in Nashville, Tennessee, operating under the management of Michael D. Shmerling & Partners GP. Established in 2010, the fund is dedicated to investing in early-stage, high-growth companies, primarily within the vibrant entrepreneurial ecosystem of the Southeastern United States. Its core mission extends beyond mere capital provision, aiming to offer comprehensive entrepreneurial support, strategic guidance, and operational assistance to its portfolio companies.

The fund's investment thesis centers on identifying companies with disruptive technologies or innovative business models that demonstrate a clear path to profitability and possess strong management teams. XMi High Growth Development Fund maintains a sector-agnostic approach but has shown a particular interest in the technology, healthcare, and consumer products industries. The firm emphasizes a collaborative partnership with its ventures, leveraging its network of industry experts to help companies scale effectively and achieve their long-term growth objectives.

XMi High Growth Development Fund operates with a single fund vehicle, which has a total size of $10 million. This capital is strategically deployed in first cheques typically ranging from $250,000 to $1,000,000, reflecting its focus on providing crucial early-stage financing. While the fund was established over a decade ago and its most recent listed investment activity dates back to the mid-2010s, it continues to manage its portfolio with a commitment to fostering the success and eventual exit of its invested companies.