Top North Carolina Venture Capital Deals of 2002, updated April 30:
Monday’s $20 million announced investment in BioStratum brings the amount of venture capital invested in North Carolina firms so far this year to over $100 million.
The deals, ranked by size, follow:
Company Industry Amount (Round)
1. BioStratum; Durham; Biotech; $20 million (3rd)
Investors: BankInvest, Equity Resources Group, HealthCap, MP Bio
2. 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
3. Peak 10; Charlotte; IT services; $9.2 million (3rd)
Investors: Frontier Capital and Seaport Capital
4. MediaSpan; Durham; Media; $8.5 million (1st)
Investors: Covestco-Seteura, Rustic Canyon Group, Southeast Interactive Technology Funds
5. 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
6. HAHT Commerce; Raleigh; software; $6 million (2nd)
Investor: Canaan Partners
7. ChannelAdvisor; Morrisville; Software; $5.7 million (2nd)
Investors: Genesis Venture Partners (lead), eBay, Southern Capitol Ventures, The Atlantis Group and Tri-State Investment Group
8. SiteScape; Wilmington; IT services; $5 million (2nd)
Investors: Echelon Ventures, SAIC venture Capital
8. CipherOptics; Raleigh; telephony networking; $5 million (1st)
Investors: Kodiak Venture Partners
10. AppGate; Durham; IT services; $4 million (3rd)
Investors: ABN Amro (co-lead), GE Equity (co-lead), Bure Equity, Industrifinans, Innovationskapital and Pythagoras
11. DarPharma; Chapel Hill; Biotech; $3.2 million (1st)
Investors: Stanley Foundation and individuals
12. Trinity Convergence; Raleigh; Telecom; $3.1 million (1st)
Investors: Core Capital Partners, Intersouth Partners, Mid-Atlantic Venture Funds
13. LiveWire Logic; Morrisville; IT services; $2.8 million (2nd)
Investors: Gray Ventures (lead), AM Pappas & Associates; The Atlantis Group; Charlotte Angel Partners; Research Triangle Ventures; Tri-State Investment Group, truePilot, and individuals.
14. nTouch Research; Raleigh; Pharmaceutical services; $2.6 million (3rd)
Investors: Canaan Partners (co-lead), Intersouth Partners (co-lead), Bioventures and Tri-State Investment Group
15. Relativity Technologies; Cary; Software; $2 million (3rd)
Investors: Noro-Moseley Partners and Wakefield Group
16. Gentris; Morrisville; Biotech; $1.5 million (1st)
Investors: Exelixis, Research Triangle Ventures and individuals
17. BuildLinks,;Raleigh; Software; NA (2nd)
Investors: Knier and Associates
17. Waveguide Solutions; Charlotte; Hardware; NA (2nd)
Investors: Academy Venture Funds, Southeast Interactive Technology Funds
17. MindValve; Charlotte; Software; NA (Seed)
Investors: Academy Venture Funds
