Memphis has a pretty cool "design and marketing help" VC-alike called A>M Ventures. They're the newish investment arm of a local advertising firm and they provide major help to early-stage companies that would otherwise be relying on their own amateur Photoshop skills.

Some of my favorites from their portfolio (n.b. - I know the founders and have worked with some of them):

- http://kufikia.com - Cohort-based dev skills courses with job placements

- http://paytopia.com - Cardless online payments