LVL7 Deal Brings NC Venture Total to $337.5 Million

RALEIGH … LVL7 announced an oversubscribed round of $12.5 million. Other than that, the venture front was quiet.

So far this year, $337.5 million in venture financing has been raised by 46 Tar Heel tech firms, with September accounting for only four of those deals. Here is Local Tech Wire’s exclusive list of deals in the state, ranked according to the amount raised. It will be updated later to include the LVLV deal in the rankings:

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

26. Encelle, Raleigh; Biotech; $4 million (4th)

Investors: Intersouth Partners, Koerner Capital and North Carolina Enterprise Fund

29. Ziptronix, Research Triangle Park; Hardware; $3.5 million (2nd)

Investors: Alliance Technology Ventures, Research Triangle Ventures, RTI International and Xilinx

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

Investors: Stanley Foundation and individuals

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

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

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

Investors: Dogwood Equity and Frontier Capital

33. 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

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

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

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

Investors: Academy Venture Funds and Southeast Interactive Technology Funds

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

Investors: Chrysalis Ventures, Cordova Ventures and Intersouth Partners

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

Investors: Academy Funds, Piedmont Angel Network and individuals

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

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

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

Investors: Exelixis, Research Triangle Ventures and individuals