NC Venture Activity Trickling Through September

RALEIGH … Fall hasn’t even appeared on the calendar yet, but a chill wind is blowing through the North Carolina technology community already.

Just one venture capital deal has been closed in the first half of September, after almost a dozen in August. Software developer FormScape of Morrisville closed a $5 million second round last week.

So far this year, $317 million in venture financing has been raised by 44 Tar Heel tech firms. A $2.5 million round announced earlier by Durham-based AppGate has been deleted from the list after the funding was withdrawn.

Here is LocalTechWire’s exclusive list of deals in the state, ranked according to the amount raised:

Company; Industry; Amount (Round)

1. Hatteras Networks, Durham; Telecom; $45 million (3rd)

Investors: Grotech Capital Group (lead), Bessemer Venture Partners, Columbia Capital and ComVentures

2. Scynexis, Durham; Pharmaceutical services; $29 million (3rd)

Investors: Alta Partners (lead), Burrill & Co., CDC Innovation Partners, Genavent, KBL Healthcare Ventures, SG Asset Management, SR One and Ventech

3. Nobex, Durham; Biotech; $22.5 million (6th)

Investors: AEA Investors (lead), HealthCap and unidentified Taiwanese venture funds

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

Investors: BankInvest, Equity Resources Group, HealthCap and MP Bio

5. Serenex, Durham; Biotech; $15 million (2nd)

Investors: Intersouth Partners (lead), Lilly BioVentures, Mediphase Venture Partners and Seaflower Ventures

6. 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

7. V3 Systems, Charlotte; Software; $11.5 million (1st)

Investors: Sterling Venture Partners (lead), Draper Atlantic Management, SpaceVest and Updata Venture Partners

8. INC Research, Raleigh; Pharmaceutical services; $11 million (NA)

Investors: Crosspoint Venture Partners (lead)

9. HiddenMind Technology, Cary; Software; $10 million (4th)

Investors: JLT Group

10. Peak 10, Charlotte; IT services; $9.2 million (3rd)

Investors: Frontier Capital and Seaport Capital

11. MediaSpan, Durham; Media; $8.5 million (1st)

Investors: Covestco-Seteura, Rustic Canyon Group and Southeast Interactive Technology Funds

12. Pinpoint Networks, Cary; Software; $8 million (2nd)

Investors: Massey Burch Capital (lead), Atlantis Group, Noro-Moseley Partners, Tri-State Investment Group and Wakefield Group

13. 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

14. 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

15. TEAMM Pharmaceuticals, Morrisville, N.C.; Pharmaceuticals; $6.5 million (2nd)

Investors: Harbert Management (lead) and individuals

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

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

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

Investors: Canaan Partners

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

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

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

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

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

Investors: Echelon Ventures, SAIC Venture Capital

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

Investors: Kodiak Venture Partners

20. Oculan, Raleigh; IT services; $5 million (3rd)

Investors: Soros Private Equity Partners

20. FormScape, Morrisville; Software; $5 million (2nd)

Investors: MTI Partners

24. Trinity Convergence, Raleigh; Telecom; $4.5 million (2nd)

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

24. Relativity Technologies, Cary; Software; $4.5 million (3rd)

Investors: Intel Capital, Nichimen, Noro-Moseley Partners, Wakefield Group and individuals

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

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

26. ParinGenix, Charlotte; Biotech; $4 million (1st)

Investors: Academy Funds, A.P. Kennedy Family Securities and Research Corporation Technologies

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

Investors: Stanley Foundation and individuals

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

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

30. Total Billings, Fayetteville; Software; $3 million (2nd)

Investors: Dogwood Equity and Frontier Capital

31. 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

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

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

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

Investors: Academy Venture Funds and Southeast Interactive Technology Funds

33. Zoom Culture, Chapel Hill; Media; $2.5 million (3rd)

Investors: Chrysalis Ventures, Cordova Ventures and Intersouth Partners

35. Kucera Pharmaceuticals, Winston-Salem; Biotech; $1.9 million (1st)

Investors: Academy Funds, Piedmont Angel Network and individuals

36. AvidXchange, Charlotte; Software; $1.75 million (2nd)

Investors: CT Communications (lead), Charlotte Angel Partners and individuals

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

Investors: Exelixis, Research Triangle Ventures and individuals