Top North Carolina Venture Capital Deals of 2002

Company Industry Amount (Round)

1. 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

2. Peak 10; Charlotte; IT services; $9.2 million (3rd)
Investors: Frontier Capital and Seaport Capital

3. MediaSpan; Durham; Media; $8.5 million (1st)
Investors: Covestco-Seteura, Rustic Canyon Group, Southeast Interactive Technology Funds

4. NetOctave; Morrisville; IT services; $7.8 million (2nd)
Investors: Intersouth Partners (lead), Intel Communications Fund, Kitty Hawk Capital, MCNC, North Carolina Enterprise Fund and Wakefield Group

5. ChannelAdvisor; Morrisville; Software; $5.7 million (2nd)
Investors: Genesis Venture Partners (lead), eBay, Southern Capitol Ventures, The Atlantis Group and Tri-State Investment Group

6. AppGate; Durham; IT services; $4 million (3rd)
Investors: ABN Amro (co-lead), GE Equity (co-lead), Bure Equity, Industrifinans, Innovationskapital and Pythagoras

7. DarPharma; Chapel Hill; Biotech; $3.2 million (1st)
Investors: Stanley Foundation and individuals

8. Trinity Convergence; Raleigh; Telecom; $3.1 million (1st)
Investors: Core Capital Partners, Intersouth Partners, Mid-Atlantic Venture Funds

9. nTouch Research; Raleigh; Pharmaceutical services; $2.6 million (3rd)
Investors: Canaan Partners (co-lead), Intersouth Partners (co-lead), Bioventures and Tri-State Investment Group

10. Relativity Technologies; Cary; Software; $2 million (3rd)
Investpors: Noro-Moseley Partners and Wakefield Group

11. Gentris; Morrisville; Biotech; $1.5 million (1st)
Investors: Exelixis, Research Triangle Ventures and individuals

12. BuildLinks,;Raleigh; Software; NA (2nd)
Investors: Knier and Associates

13. Waveguide Solutions; Charlotte; Hardware; NA (2nd)
Investors: Academy Venture Funds, Southeast Interactive Technology Funds

14. MindValve; Charlotte; Software; NA (Seed)
Investors: Academy Venture Funds