Posts tagged “Venture & Innovation”
Jim Roberts wants to build a CED for the Blue Ridge. Move is among steps being taken to increase high-tech activity in and around Asheville.
After a busy August, the Labor Day week shows regional entrepreneurs that they still have to work hard to land a venture deal. Just one minor deal closed during the short week.
Host Sig Hutchinson's 'SuccessToday' is leaving Curtis Media's air waves for the more 'economically viable' Internet. To be aired on RTP-TV Web site, the show has four sponsors and a shorter format.
RYLA Teleservices hopes to more than double number of employees. SJF, which has an office in Durham, now has made 12 investments worth more than $6 million.
Following a bumper crop of venture deals in August, tech companies in the Carolinas and Georgia have closed on more than $725 million in financing so far this year.
A busy August was capped with the largest venture deal of the year in the Tar Heel State. Forty-four tech firms have raised about $315 million so far this year.
Despite few recent deals, Georgia tech companies still have amassed more than $400 million in 42 venture financings so far this year to lead the region.
'The fact that a VC - who is also an ex-RBOC division president in this space - has committed to the company indicates that interest in the Hatteras solution is real and comes from service providers who would actually pay for it,' analyst adds.
Biggest VC deal of the year for North Carolina includes a new investor. Company has raised $73 million in past two years.
Cary firm draws a new investor and also announces partnership with major European wireless company. Pinpoint says it is meeting milestones and plans to expand efforts in several areas.
Massey Burch Capital leads round as new investor. Noro-Moseley and Wakfield Group also participate.
In the land of tobacco and hog farms, supporters are holding venture forums for technology startups and organizing angel investor groups. 'Once we get the shell cracked, this will be a good area,' one entrepreneur says.
Recent upsurge continues, including three deals worth $14 million or more last week. More than 80 deals done in Carolinas and Georgia raise $675.5 million in 2002.
Some 42 deals average nearly $7 million each after Serenex, TEAMM announcements. But some money apparently disappears as AppGate closes down.
Four deals last week for $31 million includes Wave7 getting $15.5 million and Promixa Therapeutics adding $14 million. Average deal is right at $10 million.