Editor’s note: Local Tech Wire profiles a venture capital or investment firm each day. Matthew Burns, Worth Civils and Daniel Pearson prepared the series, which now includes more than 50 ventures. Imlay Investments is an active seed and early-stage investor that has nurtured many of Atlanta’s top startups over the past decade.
The firm was founded by John Imlay, considered by some to be the godfather of Atlanta’s technology community since the days he ran one of the nation’s first independent software companies and began training proteges who would later run their own technology companies around town.
Imlay’s portfolio has included huge successes such as Tradex Technologies, which was sold to Ariba Software two years ago, and Internet Security Systems, which had a big stock offering in 1998, and still includes promising local companies, such as KnowledgeStorm, Silverpop Systems, Ockham Technologies, Chutney Technologies, Knowlagent and Cirrex.
Given John Imlay’s background, the firm has a soft spot for software developers, but it also backs a number of telecommunications infrastructure and information technology services companies. Imlay usually invests $100,000 to $1 million in each portfolio company and then uses its connections to bring in other venture firms for follow-on funding rounds.
Here’s the skinny:
Featured Firm: Imlay Investments
Mailing address: 945 E. Paces Ferry Road NE, Suite 2450, Atlanta, GA 30326-1125
Phone number: (404) 239-1799
John P. Imlay, Founder
I. Sigmund Mosley, Jr., President
Melanie Bialko Leeth, Associate
Focus of firm: Encourage the development of high-technology companies headquartered in the Southeastern U.S., especially those in information technology, infrastructure and wireless.
Size of current fund: Not available
Money under management: Not disclosed
Companies funded over the last five years:
Tradex (merged with Ariba)
ISS Communications (now ISSX)
TogetherWeb (merged with Proficient)
Crossport Systems (acquired by Lineo)
How many new deals do you expect to fund in 2002: Three
In what size range: $100,000 to $1 million
Sweet Spot (types of deals, stage of the company): We like companies dealing in software, IT, infrastructure and wireless technologies, usually in the earlier stages.
Most important attributes for companies seeking funding: Strong management team and quality people, hot market, good and efficient revenue model.
What differentiates you: Our experience, considering we have been angel investing for more than 10 years.
Thursday’s profile: Yamacraw