Editor’s note: This is the 20th in Local Tech Wire’s continuing series of profiles of venture capital and investment firms operating in the Carolinas and Georgia. The series was compiled by Matthew Burns and Daniel Pearson.

RESTON, VA. – The epitome of a diversified company, the Redleaf Group uses a network of offices nationwide to search out promising technologies in a range of markets.

The firm has invested $180 million of the $235 million it has under management in pre-seed and seed deals that rarely top $2 million each.

Redleaf concentrates its efforts on seven platforms: digital media, targeted delivery of information to businesses and consumers, network applications, mobility solutions, cyber security, supply chain integration and online payment systems. It has developed relationships with technology transfer offices at more than 30 universities and works with researchers to develop their ideas into working businesses that can be grown through capital infusions or strategic partnerships.

The firm has offices in Los Angeles and San Jose, Calif., Pittsburgh and Reston, Va., to help ferret out ideas across the country, but it has not yet invested in any Southeastern companies. Redleaf looks for companies it can take a significant position in and which blend well with its existing portfolio in addition to having a technological advantage and high market potential.

Here’s the skinny:

Featured Firm: Redleaf Group

Mailing address:

2100 Reston Parkway, Suite 204
Reston, VA 20191

Phone number: (703)860-3000

Web site: www.readleaf.com

Management Team:

John Kohler, co-CEO
C. Lloyd Mahaffey, co-CEO

Focus of firm: Redleaf is a technology operating company that provides services and capital for pre-seed and seed-stage technology companies.

Size of current fund: $220 million

Money under management: $235 million

How many of those dollars have been invested: $180 million

Companies funded in 2001:

61C
OverX
RedSiren
Amperion

Companies funded over the last five years (amount and round for each co.):

ecIndustries
LightningCast
Medebiz
Moai
StartUps.com
RedCreek
Amperion
Webversa
LumiCycle
RedSiren
Kalepa
Furndex
Atlantes

How many new deals do you expect to fund in 2002: 4

In what size range: $1 million to $2 million

Sweet Spot (types of deals, stage of the company):
Cybersecurity, network technology, bioinformatics, supply chain

Most important attributes for companies seeking funding: Large market opportunity, strong technology, solid management team.

What differentiates you: Multiple locations that allow for comparative investing, Deep operating skills among the partners, Close relationship with key universities around the country.

Monday’s profile: Remington Capital