Local Tech Wire will be tracking the major venture capital and investment deals taking place in North Carolina, South Carolina and Georgia this year. And 2002 is off to a good start, with 19 deals already struck. Total value tops $163 million. But of that, $115 million has gone to Georgia funds. So have the three largest deals.
Matthew Burns, who focuses on the VC beat, compiled the list.
LTW will update the list as more deals are made. Deals are ranked in order of size.
Company; Industry; Amount (Round)
1. Inhibitex, Atlanta; Biotech; $45.4 million (4th)
Investors: Essex Woodlands Health Ventures (co-lead), New Enterprise Associates (co-lead), Alliance Technology Ventures, CDP Sofinov, Pacific Horizon Ventures and William Blair Capital Partners
2. Servigistics, Atlanta; Software; $18 million (3rd)
Investors: Bain Capital Ventures (lead), Cordova Intellimedia Ventures, Encubate Technology Ventures, Robinson-Humphrey Netlanta Fund, SSM Ventures, Symphony Technology Group and UPS Strategic Enterprise Fund
3. Greenway Medical Tech., Carrollton, Ga.; Software; $15 million (3rd)
Investors: Individuals
4. Norak Biosciences, Research Triangle Park; Biotech; $13 million (2nd)
Investors: Noro-Moseley Partners (lead), Alexandria Real Estate Equities, Aurora Funds, Intersouth Partners, Koch Ventures and Mitsui & Co. Venture Partners
5. MediaSpan, Durham; Media; $8.5 million (1st)
Investors: Covestco-Seteura, Rustic Canyon Group, Southeast Interactive Technology Funds
5. Fast-Talk Communications, Atlanta; IT services; $8.5 million (2nd)
Investors: Boston Millennia Partners (lead), Atlanta Technology Angels, Cordova Ventures, HIG Ventures and SAIC Venture Capital
7. NetOctave, Morrisville, N.C.; IT services ;$7.8 million (2nd)
Investors: Intersouth Partners (lead), Intel Communications Fund, Kitty Hawk Capital, MCNC, North Carolina Enterprise Fund and Wakefield Group
8. Netifice Communications, Atlanta; Telecom; $6.5 million (3rd)
Investors: Boston Millennia Partners, Columbia Capital and HIG Ventures
9. ChannelAdvisor, Morrisville, N.C.; Software; $5.7 million (2nd)
Investors: Genesis Venture Partners (lead), eBay, Southern Capitol Ventures, The Atlantis Group and Tri-State Investment Group
10. EG Technology, Atlanta; Telecom; $5.5 million (1st)
Investors: Noro-Moseley Partners (lead), Gray Ventures, HIG Ventures and Yamacraw Seed Capital
11. KnowledgeStorm, Alpharetta, Ga.; IT services; $5.25 million (2nd)
Investors: Sterling Venture Partners (lead), Apex Venture Partners, Imlay Investments, Live Oak Equity Partners and Total Technology Ventures
12. Datatrac, Atlanta; Software; $5 million (NA)
Investors: Megunticook Fund
13. LastMinuteTravel.com, Atlanta; Internet; $4 million (NA)
Investors: Individuals
14. DarPharma, Chapel Hill; Biotech; $3.2 million (1st)
Investors: Stanley Foundation and individuals
15. Fortel DTV, Duluth, Ga.; IT services; $1 million (NA)
Investors: Individuals
16. BuildLinks, Raleigh; Software; NA (2nd)
Investors: Knier and Associates
17. Waveguide Solutions, Charlotte; Hardware; NA (2nd)
Investors: Academy Venture Funds, Southeast Interactive Technology Funds
18. ZapMedia, Atlanta; Telecom; NA (2nd)
Investors: Five Paces Ventures
19. MindValve, Charlotte; Software; NA (Seed)
Investors: Academy Venture Funds
