Launch Tennessee (LaunchTN) announced Wednesday the organization’s first investment from the $1.71M Impact Fund. Nashville-based Hytch will receive a $150,000 commitment, leveraging private investment dollars by lead investor XMI Growth, angel investors and family offices. “This investment by LaunchTN has been a major catalyst for attracting additional private capital,” said Mark …

Hytch, a sustainability-focused ridesharing tracking platform, is the first recipient of the first southeastern-focused impact investing fund. The $1.71 million fund was established last year by public-private entrepreneurial support organization LaunchTN and is funded by business consultancy firm XMI Growth, angel investors and family offices. Hytch, a two-year-old startup based …