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FCA Venture Partners, TN Angel Fund
bless Silvercare 3MM B-round
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FCA Venture Partners, TN Angel Fundbless Silvercare 3MM B-round | Eugene Frazer Buntin, Silver Care, Tennessee Angel Fund, Angel investors, venture capital, FCA Venture Partners, Clayton Associates, Matthew King, Sid Chambless, Buntin Group, healthcare, incontinence, seniors, medical, TNInvestco, Owen Graduate School of Management, Vanderbilt University, Sewanee, University of the South, aging

Frazer Buntin

Silvercare Solutions, an on-site incontinence care provider, today announced completing its $3 million B-round led by FCA Venture Partners and Tennessee Angel Fund, the TNInvestco fund of Nashville Capital Network.

Proceeds will be used mainly to add regional account directors, nurse practitioners and clinical assistants, said CEO Frazer Buntin, in a release. Frazer said in the release Silvercare has recently attracted "strong interest from the venture capital market." Frazer told VNC there are 13 individual investors in the company, as well as the institutionals announced today. He said the firm does not currently anticipate executing a C-round raise.

Buntin, 36, was a senior director of operations for Healthways and director of operations for Dollar General, prior to forming Silvercare, and earned his MBA at the Vanderbilt University Owen Graduate School of Management in 2004 and a bachelor's in environmental science at the University of the South (Sewanee) in 1997, according to LinkedIn. Silvercare's registered address in Nashville is also that of The Buntin Group and Buntin Outdoor, among Nashville's oldest ad agencies. The Seniorcare CEO has no role in The Buntin Group, he said.

King

Also in today's release, Matthew King, managing partner in the FCA Venture Partners arm of Clayton Associates, said, in part, “This opportunity fits our investment profile for emerging healthcare services extremely well and we look forward to assisting them reach their expansion goals.”

Angels affiliated with NCN invested an undisclosed amount in Silver Care in 2009, according to an announcement from NCN executive director Sid Chambless.

Chambless, who is also managing partner of Tennessee Angel Fund, said today, in part, that the fund believes Silvercare is "exactly the kind of company the TNInvestco program was created to support." VNC

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Tags: aging, Angel investors, Buntin Group, Clayton Associates, Eugene Frazer Buntin, FCA Venture Partners, healthcare, incontinence, Matthew King, medical, Owen Graduate School of Management, seniors, Sewanee, Sid Chambless, Silver Care, Tennessee Angel Fund, TNInvestco, University of the South, Vanderbilt University, venture capital


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