Editor’s note: This is the 18th in Local Tech Wire’s daily series of venture capital and investment firm profiles. The series was compiled by Matthew Burns and Daniel Pearson. One of the few North Carolina venture capital firms led by a woman, Piedmont Venture Partners has $45 million under management in two funds.
The Charlotte-based firm has backed almost two dozen companies, including ViOS, Yellowbrick Solutions, Cortex Vision Systems and MindBlazer.
Partner Stacy Anderson has almost two decades of investment experience, including stints at Dean Witter and Smith Barney before forming Piedmont in 1996. Co-founder Bill Neal is a former software industry chief executive who also spent time with New York venture firm Welsh Carson Anderson & Stowe.
Piedmont focuses on information technology and healthcare companies in the Southeast, typically investing up to $3 million per round. The firm looks for experienced managers who have a clear vision of their market and a methodical and logical strategy and who are willing to make changes needed for success.
Here’s the skinny:
Featured Firm: Piedmont Venture Partners
6805 Morrison Blvd., Suite 380
Charlotte, NC 28211
Phone number: (704)365-9733
Web site: www.piedmontvp.com
Stacy Anderson, partner
William Neal, partner
Minor Hinson, partner
Focus of firm: Invest in early stage Southeast companies in the information technology and health care industries.
Money under management: $45 million
Companies funded over the last five years (amount and round for each co.):
Cortex Vision Systems
Machine Xpert, LLC
The Outsourcing Institute
Venture Alliance, LLC
Ischemia Technologies, Inc.
Optical Biopsy, LLC
How many new deals do you expect to fund in 2002: Undetermined
In what size range: Our first investment can be as little as $500,000 or up to $3 million, and we typically support our companies through multiple rounds of financing.
Sweet Spot (types of deals, stage of the company): Invests in companies geographically focused in the southeastern United States but will consider investments outside of this region when there is a compelling reason to do so.
Most important attributes for companies seeking funding: High quality and broad management team with experience in growing companies and a realistic opportunity to create a profitable business within a growing market.
What differentiates you: Piedmont Venture Partner’s three principals represent more than 78 years of combined experience with more than 80 transactions under their collective belt.
Thursday’s profile: RBC Centura Capital
Previous profiles by day (Profiles can be found by using search engine button and searching by day or by looking under venture watch):
Feb. 11: Academy Venture Funds
Feb. 12: Atlantic Group
Feb. 13: Aurora Fund
Feb. 14: Capital Investment Partners
Feb. 15: Carolina Financial Group
Feb. 18: Carousel Capital
Feb. 19: Catalysta Partners
Feb. 20: Charlotte Angel
Feb. 21: Draper Atlantic
Feb. 22: Eno River
Feb. 25: Halifax Group
Feb. 26: Intersouth Partners
Feb. 27: Kitty Hawk Capital
Feb. 28: NC Enterprise Corp.
March 1: NC Technological Development Authority
March 4: Oberlin Capital
March 5: A.M. Pappas