NC Tech Firms Wrap Up $130 Million in Venture Cash

Through mid-May, about $128 million in venture capital has been pumped into 26 North Carolina companies. Here is LocalTechWire’s exclusive list, ranking deals in order by size:

Company; Industry; Amount (Round)

1. BioStratum, Durham; Biotech; $20 million (3rd)

Investors: BankInvest, Equity Resources Group, HealthCap and 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 and 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. Zoom Culture, Chapel Hill; Media; $7 million (2nd)

Investors: Chrysalis Ventures (lead), Atlantis Group, Charlotte Angel Partners, Cordova Ventures, Intersouth Partners and Tri-State Investment Group

7. Cropsolution, Morrisville; Biotech; $6.4 million (1st)

Investors: Aurora Funds (lead), ATP Capital, Atlantis Group, Charlotte Angel Partners and Research Triangle Ventures

8. HAHT Commerce, Raleigh; Software; $6 million (2nd)

Investors: Canaan Partners

8. iReadyWorld, Charlotte; IT services; $6 million (3rd)

Investors: Total Technology Ventures (lead), Greenspring Ventures and Red Badge Ventures

10. ChannelAdvisor, Morrisville; Software; $5.7 million (2nd)

Investors: Genesis Venture Partners (lead), eBay, Southern Capitol Ventures, The Atlantis Group and Tri-State Investment Group

11. SiteScape, Wilmington; IT services; $5 million (2nd)

Investors: Echelon Ventures, SAIC Venture Capital

11. CipherOptics, Raleigh; IT services; $5 million (1st)

Investors: Kodiak Venture Partners

13. AppGate, Durham; IT services; $4 million (3rd)

Investors: ABN Amro (co-lead), GE Equity (co-lead), Bure Equity, Industrifinans, Innovationskapital and Pythagoras

14. DarPharma, Chapel Hill; Biotech; $3.2 million (1st)

Investors: Stanley Foundation and individuals

15. Trinity Convergence, Raleigh; Telecom; $3.1 million (1st)

Investors: Core Capital Partners, Intersouth Partners, Mid-Atlantic Venture Funds

16. LiveWire Logic, Morrisville; IT services; $2.8 million (2nd)

Investors: Gray Ventures (lead), A.M. Pappas & Associates, The Atlantis Group, Charlotte Angel Partners, Research Triangle Ventures, Tri-State Investment Group, truePilot and individuals

17. nTouch Research, Raleigh; Pharmaceutical services; $2.6 million (3rd)

Investors: Canaan Partners (co-lead), Intersouth Partners (co-lead), Bioventures and Tri-State Investment Group

18. Waveguide Solutions, Charlotte; Semiconductors; $2.5 million (2nd)

Investors: Academy Venture Funds and Southeast Interactive Technology Funds

19. Relativity Technologies, Cary; Software; $2 million (3rd)

Investors: Noro-Moseley Partners and Wakefield Group

20. Gentris, Morrisville; Biotech; $1.5 million (1st)

Investors: Exelixis, Research Triangle Ventures and individuals

20. BioResource International, Raleigh; Biotech; $1.5 million (1st)

Investors: Chinese venture firm and individuals

22. MindValve, Charlotte; Software; $1 million (Seed)

Investors: Academy Venture Funds