Editor’s note: Local Tech Wire features a venture capital or investment firm each business day. Matthew Burns, Daniel Pearson and Worth Civils compiled the series. The family that gave enough money to Duke University to have its Top 10 business school named after them have set aside an undisclosed chunk of its holdings to invest in technology companies.
Fuqua Ventures looks for emerging-stage growth companies that are applying technology to proven and growing markets in the information technology and life sciences sectors.
The Atlanta-based firm typically invests up to $2.5 million in early-stage rounds and uses its connections to syndicate deals. Fuqua likes to work with serial entrepreneurs who can assemble a quality management team, but its partners are more than willing to tap their own networks to attract executives who can improve the prospects of their portfolio.
Fuqua’s portfolio has included some of Atlanta’s once-high-flying technology companies, such as iXL Enterprises and WebMD, and still includes firms like poultry biotechnology concern AviGenics, outdoorsy Internet portal TrailWorks.com and advanced MRI provider Surgi-Vision.
Although its holdings are concentrated in the Southeast, the firm has made investments as far afield as Washington state and California.
Here’s the skinny:
Featured Firm: Fuqua Ventures, LLC
Mailing address: 1201 W. Peachtree St., Suite 5000, Atlanta, GA 30309
Phone number: (404) 815-4500
Web site: www.fuquaventures.com
John J. Huntz, Jr. (Managing Director)
J. Rex Fuqua (Managing Director)
David Guthrie (Partner)
Scott Tapp (Principal)
Focus of firm: To create a balanced and diversified portfolio of private equity investments in emerging-growth companies-primarily focusing on information technology and life science companies located in the Southeastern U.S. Also, Fuqua is the same family for which Duke’s business school is named.
Size of current fund: Not disclosed
Money under management: Not disclosed
Companies funded over the last five years:
How many new deals do you expect to fund in 2002: Five
In what size range: $500,000 to $2.5 million
Sweet Spot (types of deals, stage of the company): Start-up and early stage companies.
Most important attributes for companies seeking funding: Strong management
team, within our industry focus, and within the Southeast region.
What differentiates you: We are ACTIVE investors.
Wednesday’s profile: Geneva
Note: previous profiles can be found by going to Search, selecting Venture Watch category and setting date parameters between Feb. 1 and today.